Stacy Summary: Alas, it seems we need a deep, long, painful depression before people will give up their frenzied speculative herd mentality. Bad news for those that aren’t part of the speculative herd. Despite the collapse detailed in the Baltic piece, their markets there are booming this year (after falling heavily last year), with Latvia up the most.
Cost per sq.m has dropped from €1,611 (£1,455) to €669 since April 2007, according to Ober-Haus Real Estate Advisors. Swedbank says up to 30pc of its mortgages in Estonia are in negative equity. Recent loans are in euros – not the local kroon.
Professor Ülo Ennuste from Tallinn University says the private net wealth of Estonia’s people has fallen below zero. I know of no other country in the world where this has occurred, though Latvia may be deeper in hock. Estonia’s foreign debt is 116pc of GDP, second highest in Eastern Europe.
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So the question is can Estonia devalue their currency to increase exports to a level that would reduce unemployment and allow people to afford higher costs?
head of imf, among others notably sarkozy, is trying to get money from ex president of france, V, through a court – y is no one touching this story?
“Where’s Kenny Boy?” now 32% funded
http://www.piratemyfilm.com/projects/20
Every $5 premium copy holder would get $100 for every $100,000 in either ads or download sales for this new documentary produced by max and stacy.
This could easily prove to be a race to the bottom. A race that must be won before building up again. That would make Estonia ahead then.
@ Max .. Wow, spamming your own blog. What an awsome idea. I remain in awe of you.
Nic
Holy crap!
http://www.brookings.edu/papers/2009/09_g20_bradford_linn.aspx
Table 1: Old versus New Economic Order
Old Order
SovereigntyNation-State
Non-interventionNational Interest
AssertivenessPower Politics
• Alliances• Fixed Coalitions
• Predominance• Hard Power
Single Model of Anglo-Saxon Capitalism
New Order
ReciprocityGlobal Society
Inter-penetrationCommon Interest
RespectNew Multilateralism
• Negotiation• Shifting Coalitions
• Bargaining• Soft Power
Diverse Models of Market Economy
http://www.imf.org/external/np/seminars/eng/2007/glb/bl030607.pdf
Sovereignity/Nation State has been deleted in the New Order paradigm!!!
doesn’t sound much like a NEW Order. Most of the Brooking’s list is in already in place, just haven’t shaken off the last of the old world yet.
a good piece on UK libel laws
Protecting the powerful is a feature, not a bug
http://tinyurl.com/muyrkr
Politicians underestimated the crises and people were drawn in this delusion in wishfull thinking, fed by the minless MSM that it would be a 1-2 year temporary thing.
That’s why debts were kept on the off sheet balance sheets in the hope they could be washed away in the economical up turn. But it didn’t happen so now these debts are revenging themselves.
Stimulus only can be a tempory thing but now it seems to become an everlasting one. Problem is that the startof position in national debt already was bad and now is getting even worse in this reckless spending politics. It didn’t even realy slowed the economic decline down it just went on.
People like to think in extremes for some reason but what happens now in a relative mild form is an indication for what wil happen in the future but worse or in other words events wil be accelerating. Deflation->Inflation->Inflation.
Furthermore we will see a devaluation war. What a lot of people percieve as Inflation in fact is a deprecation of the dollar. As the dollar declines China plays the same game by printing up as much Yuans as the Americans are printing dollars. A lot of dollars end up in black holes though so are less effective in creating inflation.
FEDs plan is to increase the balance sheet by 50% early 2010 to 3 trill. Commodeties are hammered and more and more dollars wil be printed.
U.S. consumer credit plunged by a record $21.6 billion in July. Banks restrict lending more. Unemployment is set to jump and consumer spending to fall in 2010 as government stimulus runs out.
“Things could get ugly,” said Lawler, an independent consultant in Leesburg, Virginia, who spent 22 years at Fannie Mae, a Washington, D.C.-based government-controlled mortgage- finance company.
“We could be facing a triple whammy at the end of the year: the expiration of the tax credit, the end of the Fed mortgage-buying program and rising foreclosures.”
From: Housing Suffering Relapse Confronts Bernanke Credit Conundrum http://tinyurl.com/kk7mus
Merkel, Steinmeier Face Economic ‘Mess’ as Stimulus http://tinyurl.com/lb2udz
M&A Boom Signaled as Cash Sets S&P 500 for Buyouts http://tinyurl.com/l5w9l7
@Gonzomarx:
Yes, the functional sovereign legal frameworks are still in place. Obama will work on that one with his ICC treaty push.
Oh, and the regulatory framework will keep capital investment as a central concern of the state machine.
The stock market rally is just another bubble – and it’s set to pop http://tinyurl.com/ksgbz2
Peak oil is true, effects noticable within 6 years..
http://news.bbc.co.uk/2/hi/business/8266200.stm
@alister – cuz it’s just sarko doing the same thing he always does which is suing someone; it’s a civil case not a criminal case; sarko takes himself too seriously because I think he has a serious inferiority complex which may be heightened (no pun intended) in this case because Villepin is a tall, handsome aristocrat; Sarko has sued quite a few people for various alleged or perceived insults or slurs to his character . . . I could be wrong as I am merely a cultural outsider here looking in
question;
do you like this title for this film
http://www.piratemyfilm.com/projects/60
or can you think of a better title for The Ultimate Trade project on piratemyfilm?
@maxkeiser – I prefer a title like, “out of options”
@alister – just asked the proprietor of the cafe where I am sitting about the Clearstream case and he says that Sarkozy is “the devil” an “arriviste” and that de Villepin is a man with real class, citing his speech before the UN declaring France against the Iraq invasion
ps – he then just said, “but the biggest problem is the french people themselves”
“Out of Options” is good…
i think the film should have a macho element to it.. to get at the fact that traders are willing to make bets on outcomes that they might themselves suffer from… like war heros, but with money instead of bullets, if you know what I mean.
The Ultimate Trade is the ‘perfect’ trade. All reward, no risk.. no matter the outcome is complete self destruction.
Days of Reckoning for the Dollar – Treasuries Risk increased sixfold
http://www.youtube.com/watch?v=64AP2n1k0ms
Dr. Berninger aus Hamburg
@tim hay – as you just just sold off almost your entire gold position, this might interest you:
http://www.321gold.com/editorials/thomson_s/thomson_s_092109.html
(mind you, as you still have 8% of your net wealth in gold/silver, that’s plenty)
@ max
how about “Shorting Jihad…Priceless!”
@Stacy:
The author here postulates gold down due to US Treasuries: market saturation:
http://www.gold-eagle.com/editorials_08/thomsons052909.html
Too many Treasuries on market sucking up available capital backed by US criminal hegemony.
For no particular reason other than if the documentary is about the traders sitting in the world trade towers betting on the probability of an airplane hitting the very same towers their in – which could very well kill them – and if they actually were hope for their bets to come true than my suggestion to a title would be: The suicide trade.
@palantiri – 95% of the trades were put on by one bank, according to the commission report; that bank is based in baltimore
Max or Stacy
Good name whould be: WHAT, AIRLINE PUT OPTIONS.
Here is a picture you can use:
http://i734.photobucket.com/albums/ww350/nowido/BUSHWHATAIRLINEPUTOPTIONS.jpg
This is from memory.
Large [huge] ariline put options were purchased and exercized after trading resumed which would have netted hundreds of millions in trade profits.
They can’t say here that they didn’t know as the would be records of the trades and also where any money was wired from the account. Max would know, and I also worked in brokerage operations so the trail can’t be covered up.
This was never reported further as to who, what, when, why where. This indicates to me that the trades were either some government or VERY important people, who can’t be blamed for anything.
Obama supports “paid journalists” frets about the blogosphere:
http://www.editorsweblog.org/newsrooms_and_journalism/2009/09/obama_reiterates_concern_about_health_of.php
@Max
What about ’911 Profiteers’ or ‘The Twin Tower Tip Off’ or ‘Touting Terror’ or ‘Trading Terror’ or ‘Making a Bomb’ (maybe British English) or ‘Swindlers List’ or ’911: An Insiders Job’ or ‘The Sting of Terror’
@Max
Here is a few simple ones
911 Who Profited !
911 Racket
911 Racket Revealed
911 The Secret Racket Exposed
911 Profiteers Named and Shamed
@BlackDouglas
Great minds think alike lol. I did not read your list before submitting mine..lol
@Max
‘Ultimate Trade’ sounds good.
What about
‘ Option 911 –
The Truth About The Financial Leviathan’
Well. here we go…
“TEHRAN, Sept 21 (Reuters) – Iran has replaced the U.S. dollar with the euro in calculating the value of its Oil Stabilisation Fund (OSF), Iranian media reported on Monday.”
http://www.reuters.com/article/asianCurrencyNews/idUSKAL13810020090921
@Max
I have a friend who knew 4 trader guys working in the twin tower that died. Maybe a usefull angle..6 degrees of Michael Milken…Pulverizing dudes on one end and those same dudes earlier trading airline futures on the other..
I can shoot short movies titled ‘Across Italy’, ‘Venices Vanished Mercantilism’, ‘Gods Gold’, ‘Napolian Dynamite’ and ‘Palermian Moral (or why the cosa nostra never complains)’ all in the next 14 days..My first mission as a ‘journailst’
Forget $$ inflation/deflation or speclation, its “$$ defecation”, driving the demand for TP and the excess cutting of trees which leads to global warming which must be taxed by a carbon tax which results in global enslavement by the supranational entities.
@ max keiser,
Option 9/11
or
The Smoking Put
‘No Futures Trading’ or ‘The Terror Desk’ or ’911 Bulls’
@Max, what if some of these capital subscribers chicken out when it comes time to pay? PMF is a great idea but it seems like it should be pre-paid.
ha, fair points fair points…it was the imf and bae connections which pricked my interest; an unimportant, unintended perverted consequence of something more meaningful i was thinking
im a short frenchman myself so i cant really join in
pss yeah let the fuckers pre pay if they’re going to make money out of doing nothing
Are Obama and his corrupt, depraved followers acting in violation of the Hatch Act?
The White House has tried to campaign hard for its health-care overhaul, but now allegations have arisen that the Obama administration abused its power by pushing the National Endowment for the Arts into campaigning for it as well.
If true, the White House may have substantiated one of the arguments conservatives use for the abolition of the NEA as well as abused its power — and they have the audio to prove it:
http://bighollywood.breitbart.com/pcourrielche/2009/09/21/explosive-new-audio-reveals-white-house-using-nea-to-push-partisan-agenda/
http://www.telegraph.co.uk/finance/economics/6212215/Bank-of-England-warns-of-the-consequences-of-thrift.html
how screwed up can it get.
The Gemini Trade
That’s the best I can do for the title.
CIT group woes to have profound impact:
http://www.dealerscope.com/article/lenders-problems-impact-entire-industry-412590_1.html
@ Max and Stacy a cracking read this one!
I’m on the inflation side of the debate and think this guy FOFAO is spot on.
“Mish says that you are a fool to play the inflation trade until it comes time for the government and the Fed to devalue the dollar.
He says that you need not worry about the inflationary impact on your savings until all the consumer debt is cleared from the system. This is possibly the worst advice ever.”
http://fofoa.blogspot.com/2009_09_01_archive.html
Estonia and every other former Warsaw Pact nation were FAR better off under the Soviet Union…all those nice bridges, power generation plants, superb architecture,, pipelines, etc, were gratis the Soviet Union….who OWNS them NOW, NOT Estonians, or Poles or Czechs, or Latvians, or whatever…they’re owned by Wall Street Vermin.
The former Soviet Bloc countries have been fucked in the ass by a Wall Street telephone pole since joining NATO. They are nothing but roadkill.
You know I’m right.
The Case for Killing Granny http://www.newsweek.com/id/215291
Who’s I’m? To be right is to believe in subjective truth and of course the reflexive qualities of the sentence: I am Right, precludes debate.
Take an objective spin on this:
I am wrong. Wrong being the effects of the central government planning on the individiated agency of I.
Get it, Iyla?
@Youri:
I swear all the journalists at Newsweek drink battery acid in their coffee.
@frances snoot
Maybe we should start a discussion about euthanizing journalist who write rubbish, much too expensive.
Hitler was born too early. Could have a much bigger career nowadays.
yes for christ sake you just to watch sarkozy grovel to charlie rose in that interview to really appreciate the shallowness of the man…erhhhhhh!!!!! come on france!!!
@Alister:
Didn’t you know that Sarkozy’s nose became a proboscis from sucking up too much?
france needs a solid, traditional autocrat for a while, i think …
the culture needs to be reconstructed incorporating in the older values once so AUTHENTICALLY dear to the place… whilst accepting with open arms the east in conjunction with russia and israel whilst also ensuring the us and china are never in a position to counter
disclaimer: my opinion is liable to change at any time for any reason, haha
i feel bad for saying autocrat i dont mean it in a necessarily pernicious fashion (an auto who is, on balance, for the people i mean) i just get the impression france has over the past 40 years experienced a sort of cultural holocaust…nto to undermine thelater.,
@Youri:
Until Americans learn to contemplate death as more than a scientific challenge to be overcome, our health-care system will remain unfixable.
Lovely sentence from the article you linked. Doctors will become killers instead of life-savers. After all, it is our rusty thinking that makes medical care so expensive. If we shunt off half of society then there won’t be a health care problem! win-win!
The propoganda in the article is what is killing real dialogue about the issue.
@Youri
Doctors have as far as I know (from directly listening to doctors) have always been killing off old people on request. Euthanasia law was just meant to decriminalize a common practice. You can’t practically prevent doctors giving lethal morphine injections as you never know what the patient could handle or if the induced death was intentional. It makes sense that when you can keep a persons body alive without its brain working, the other way around and everything in between that actual death in many cases depends on the decision of a medical expert. The doctors I know all wonder whether intervention is always the best idea.
Panamax 2009: A U.S. Military Exercise to Train Soldiers to Impose Pandemic Martial Law http://tinyurl.com/mgrpar
PANAMAX 2009 Tests Pandemic Outbreak in Exercise http://tinyurl.com/kq3mqu
@Obladi oblada
Yep, I know I did a Juridical paper on euthanasia myself but with this government it isn’t a good sign and good idea with this dead scar Holdren.
And it’s not only about grannies of cause. What to think about Passive Euthanasia often practized to avoid reporting which is obligatory here in the Netherlands. So just give somebody an overdose of some painkiller, giving no food.
But this has to be arranged very well with the patient, family and doctor.
@Youri, O & O:
Leaving the doctor out of it is a good idea. Why encourage doctor’s to kill?
Max
TOB………….anytime soon????
Mike
@Max
Here goes your projected next bubble.
Credit Card Casinos.
http://www.smh.com.au/business/macaus-seedy-casino-war-turns-to-gold-20090921-fyn5.html
China eases Macau visas; casino shares soar http://link.reuters.com/tez67d
@frances snoot
I don’t think so cause the doctor has the best knowledge of the patients health and how to comply the euthanasia the best.
But this Newsweek article is Hitlerion cause they put it against money, their realy crazy. Euthanasia is about people who have no prospects of live and are in a state of unbearable pain. It’s about humanity not about money.
Americans can’t think normal anymore. Everything has to be seen in the light of money. It’s develish.
Problem in the Netherlands was that there was no law on euthanesia so in practice the patient and family made a agreement with the doctor which was very courages of the doc cause he could get punished under criminal law.
The doc still has that problem but there are other ways like said by placing Pasive Euthanesia and than the patient dies from a overdoses pain killers which a patient gets anyways relating the unbearable pain he or she has. After a while the painkiller doesn’t work anymore so they higher the dosis till your body can’t handel it anymore.
Americans can’t think normal anymore. Everything has to be seen in the light of money. It’s develish.
Yes, Youri. You nailed it.
@black douglas @fib
‘great minds think alike’……and ‘fools seldom differ’
http://www.timesonline.co.uk/tol/news/politics/article6843561.ece
British gives up on Nukes!
Mike
@alister
“older values” I just vomited in my mouth!
Lettland Credits decrease 171 Euro per month – BaltischeRundschau [DE] (Google trans. German) http://tinyurl.com/letw6p
Ann Minch (young woman from debtors revolt video) victorious!
Check her out:
http://www.huffingtonpost.com/2009/09/21/ann-minch-triumphs-in-cre_n_293423.html
The Government Can http://tinyurl.com/n6kxus
@y’all
The good old days…the good old days…tell ya what I think………..grrrrrrrhhh…..deep breath off mic…ok punch me in!
What is it with these people.who remember the good old days….oh the 50′s and the 60′s…ooohh yeah….let’s go back 40 years???….yeah backward logic ….as I’ve said before I remember the good old days….I was there and believe me they werent that good …..old fashioned values give me a frikkin’ break……when everyone knew there place especially women…no pill, not much freedom outside of marriage, limited job opportunities…and johnny foriegner…well you could throw a couple of hundred arabs in the river siene and not worry too much about it …I aint even gonna go into the problems of being gay or a million other….oh forget it are you just another slick talking educated fool?….dude…you start of wrong you end up wrong…how the fuck do you think we got where we are today…not because of an erosion of of the old values or culture but an inability to let them go…and an attempt by those in control to ramp up the last remnants of colonialism and imperialism to the nth degree…..but nevermind that, nevermind that most people view france as a society that is still small minded, parochial, inward looking and racist….I tell ya you are luky I aint in a bad mood.
DISCLAIMER: not to be read by anyone expecting an apology or anyone who feels guilty after they have a rant.
@Mr Supergeek
Oh Jolly golly the good ol days! Just absolutely fabulous!
You little people are such great fun! http://tinyurl.com/l8ly66
I’ll just leave this here.
Guardian — Don’t regulate banking – liberalise it
http://www.guardian.co.uk/commentisfree/2009/sep/14/banking-recession-regulation
‘The notion that the present financial system is “laissez-faire” is, of course, ludicrous. At present, we have a nationalised organisation that holds a state-granted monopoly on the issuance of currency. If this were any industry other than finance, the Bank of England would be seen as the Soviet-style planning board that it is.’
Facebook to end Beacon tracking tool in settlement http://tinyurl.com/l4f7rl
Supply Side Slide http://bit.ly/CgJ1Y
Caterpillar dealer sales down nearly 50% http://tinyurl.com/klp36k
Europe, U.S., China must take IMF medicine: Trichet http://tinyurl.com/mqt3rk
Can we have another live throw to Stacy’s Cafe? I thought I saw Jesse in the background.
Those cracks about Sarky’s stature were cute.
China’s Demand For Oil Falls For First Time In Six Months http://tinyurl.com/nnue9s
In keeping with the ‘been there, done that’ vein Howard Katz has a particularly good article on what it was like to invest in times past, and how to benefit most from generational moves:
http://news.goldseek.com/GoldSeek/1253541927.php
Before there was cartel commercial banking, there was something called: Participating Bonds.
Very likely Participating Bonds were not regulated as was the banking industry, so the commercial banking sector, with the power of liquidity trading networks and political control found a loophole in the Participating Bond scheme, which never fell under banking regulations that were applied during the depression.
Participating Bonds were backed by gold and used for development in rail and mining, or in industry. Not to put too fine a point on it, derivatives look awfully like Participating Bond schemes, except there are no underlying assets, only a networked junk bond pyramid where you can write liens at will against any underlying asset, because the credit derivative allows that you do so. Essentially, you are writing naked swaps at will against tangible items that allow transfer of risk into cartel pools of risk management obligations.
http://www.mineweb.com/mineweb/view/mineweb/en/pag…
Gold Participating Bonds are not new, in fact haven’t been used to develop mines and railroads in many decades. Apparently, participating bonds are in use in the housing sector, but I doubt if there are any in use elsewhere.
Found an historical blurb here(scroll down a bit):
http://chestofbooks.com/finance/investments/Money-Investments/Participating-Bond.html
http://www.equinox.co.za/article_592.html
F6
Sorry, that link got appended
http://www.mineweb.com/mineweb/view/mineweb/en/page67?oid=88872&sn=Detail
@maxkeiser
the traders as war heroes/bullets thing seems confused….I mean the whole 9/11 thing is about forms of terrorism and the logic of suicide bombers….you usually make these kind of comparisons with the bankers etc… in my mind these traders of the apocalypse are connected to terrorism and suicide bombers more than anyone (ie:mentally, morally spiritually on a similar path)
Europe is pushing for tougher regulation including strict rules to limit bonuses, a harmonization of accounting rules, and adoption of the Basel II capital standards.
From Youri’s link: the above standards will be devastating for US banks. 01/01/10.
Barclays off-balance sheet offloading toxic assets to skirt regulations – Kiekeboe trading
But in another sense, there is an uneasy echo of the past. Most notably, by selling those $12.3bn assets to Protium, what Barclays is essentially doing is taking a pile of toxic items out of its front room (ie the balance sheet) and stuffing it into an entity that is not inside the house (the garage, or cellar).
After all, the fine print of the Barclays announcement makes it clear that while the British bank is going to count the Protium assets as being “on balance sheet” for regulatory purposes, it is removing the assets from the balance sheet in accounting terms, since Protium is legally “independent”, based in the CAYMAN ISLANDS.
That means the bank will not need to report the mark-to-market value of those assets, or reveal the source of equity finance for Protium that supplements the Barclays loan. Nor will it need to control the pay of the people running Protium, since they do not count as Barclays staff.
It also makes the “front room” of Barclays look smarter, since it shields the main balance sheet from sudden fluctuations in the value of toxic assets – and clarifies for shareholders where those assets are. In many ways, that represents progress. After all, at many western banks it is still a mystery what is (or is not) happening to all those troubled credits, or who is (or is not) sorting them out.
Yet, in spite of all those benefits, the fact remains that Protium is still the financial equivalent of a cellar: namely a dark place that is outside public scrutiny, but implicitly linked to the main financial “house”. And that points to a crucial challenge which is now dogging regulators – and which goes well beyond Barclays itself.
Thus far, few banks have had the political chutzpah to exploit that situation too brazenly. Barclays, however, now appears to be blazing a trail of sorts – and I would hazard a bet that plenty more banks will be tempted to follow suit. So stand by to see more Protium-style deals emerge in the coming months. After all, financial cellars can come in numerous forms – and, it would seem, ever more weird names.
From: Watch Barclays in the cellar – Kiekeboe trading http://tinyurl.com/l6vjb7
@y’all
yeah…are we still rolling?….I know I get quite argumentative when I’m approacing my cycle…it’s a chinese thing…Autumn/oct….y’know…nearly ready…am just trying to fix this tampon up my nose to stem the bloodflow….okay hit it!…..I’m not one for making predictions, but I am gonna start getting ready for October just in case…I am expecting some heated debates…at the least.
http://www.youtube.com/watch?v=kQFKtI6gn9Y
THOMSON PHARMA PARTNERING FORECAST (This emphasises that REUTERS is in the Pockets of the Drug Industry) http://tinyurl.com/m9sj3e
@upchuck
I’ve watched the interview with RT several times over, and I get something every time. Its my lack of edumacation, really.
I have noticed that when a person is anticipating talking in front of a number of people that upchuck occurs. This is a reflexive reaction, due to the fact there is no countertransference, and you feel out on your own.
Don’t worry, you’re not unhealthy. Just not to eat gobs of food just prior to jawboning, and respect the times of ‘elevenses’ as a private function.
Elsewise, Everthing is good!!!
Here’s a series of youtubes for y’all:
http://tinyurl.com/ldr6rg
According to the multiple sources of economics research I have come across via different sources — economies that enter into Deflationary Depressions (or Recessions, depending on the temporal forcing functions involved) 95% of the time only exit into Hyperinflationary Depressions.
The USD is pretty much doomed to Hyperinflation.
The fate of the Pound and Euro are unknown and unclear to me, but it is expected that the Euro may escape as European nations jump into the Eurozone to save their own economies.
======= MK has missed this =======
The average US governmental salary vs the average salary of the US civilian population has gone from near parity (in the 1970s and 1980s) to a multiple of 2.x or so.
This has to be a source of future unrest, as the governmental structures in the US will be blamed for causing the finance mess.
There will be definistrations for sure…
Mind you most well paid governmental (federal, state, local) employees in the US get their exclusively by nepotism and favoritism.
Current evidence suggests about of 97% governmental payrolls being filled with 4th and 5th generation nepots.
There essentially is 0.0% merit in the Public sectors, and not much more in the Private sectors due to their incestuous relationship.
======= MK has missed this =======
@Mr.Supergeek:
It seems that Alister was mentioning a way of living prior to the advent of the wristwatch and digital synchronized robotic movements of we the adherences to scheduled ritual. Truly, the actions and agenda of modern society are irrelevant to any real satisfaction for the soul.
Disclaimer: the preceding blip was not intended to incite or invoke any action other than a hearty belch.
It amazes me that Ann Minch & millions like her get into such large debt in the first place. Fair enough BoA are indeed ‘evil thieving bastards’ for raising their rate, but for fucks sake live within your means woman!
Obama not a “fan” of G20 protests:
http://www.toledoblade.com/apps/pbcs.dll/article?AID=2009909200322
====== snip
Estonia and every other former Warsaw Pact nation were FAR better off under the Soviet Union…all those nice bridges, power generation plants, superb architecture,, pipelines, etc, were gratis the Soviet Union….who OWNS them NOW, NOT Estonians, or Poles or Czechs, or Latvians, or whatever…they’re owned by Wall Street Vermin.
The former Soviet Bloc countries have been fucked in the ass by a Wall Street telephone pole since joining NATO. They are nothing but roadkill.
======== end snip
One important bit of history mostly missed is that during WW I the railroads of Eastern and Central Europe that were Soviet gauge were moved to standard Western European gauge.
Most of Central Europe and the Baltic region have been Western looking not Eastern looking since that time.
There is more of uniform rush within these nation states into the Euro not the Ruble ….
However, Russia is less bankrupt than most of Western Europe — so there is the possibility of it regaining some of its former sphere of influence.
Regaining that influence without using the old methods of Stalin and Lenin will however be the factor that makes of breaks this shifting of Empire.
It would be nice if Canada could take in Iceland as a colony like Denmark (for say 20 years, with Home Rule as with Denmark before 1940) but that will probably not happen. As it stands the US is so bankrupt (indebted to Canada at least) that it should hand over the whole of Alaska instead.
But I would prefer Iceland however …
Title suggestion for the 9/11 film:
The Faustian Put
Things that make you go “Hmm?”
IMF will sell up to 403.3 tonnes of gold – could begin next week
The International Monetary Fund said it will sell one-eighth of the agency’s gold reserves-without disrupting the gold market – beginning at the end of this month.
Author: Dorothy Kosich
http://mineweb.co.za/mineweb/view/mineweb/en/page34?oid=89504&sn=Detail
“China Wants IMF Gold, But Only at a Discount”
http://www.moneynews.com/financenews/gold/2009/09/21/262554.html
The Economy Is A Lie, Too, by Paul Craig Roberts
http://www.informationclearinghouse.info/article23550.htm
2nd Part of Larry McDonald Interview with MissTrade, what was $LEH Trading Desk thinking during the crash? http://bit.ly/E1xOW
F.D.I.C. May Borrow Funds From Banks http://tinyurl.com/kkd92v
@frances
hey y’all…this is the concise response: It aint what you got it’s what you do with it.
U.S. commander says Afghan war needs more troops http://tinyurl.com/mchvve
Ann Minch Triumphs In Credit Card Fight http://tinyurl.com/nobef8
@frances
or..he, he….don’t ask what your soul can do for you…ask what you can do for your soul!
Max / Stacy: This is where a politician has gone.
Live speech & questions by Pres Vaclav Klaus, Czeck Republic at Cato Institute via C-SPAN yesterday [09-21-09]. He convers economic crisis, healthcare and much oza stuff [53 minutes]. Sounds just like Ludwig von Mises and doesn’t put up up bullshit questions from the floor afterwards.
How about running for Pres of the USA.
Link:
http://www.c-span.org/Watch/Media/2009/09/21/HP/A/23427/Cato+Institute+Discussion+on+20+Years+After+the+Collapse+of+Communism.aspx
http://www.youtube.com/watch?v=Srl48TNjX7U
See Peter Run. Run! Peter Run!
LANDMARK DECISION PROMISES MASSIVE RELIEF FOR HOMEOWNERS AND TROUBLE FOR BANKS
…The significance of the holding is that if MERS has no standing to foreclose, then nobody has standing to foreclose – on 60 million mortgages. That is the number of American mortgages currently reported to be held by MERS. Over half of all new U.S. residential mortgage loans are registered with MERS and recorded in its name. Holdings of the Kansas Supreme Court are not binding on the rest of the country, but they are dicta of which other courts take note; and the reasoning behind the decision is sound. …
http://www.webofdebt.com/articles/mers.php
PS@LANDMARK DECISION PROMISES MASSIVE RELIEF FOR HOMEOWNERS AND TROUBLE FOR BANKS
My guess is that Congress will ( even ) back-date the laws to avoid this !
Correction :
PS@LANDMARK DECISION PROMISES MASSIVE RELIEF FOR HOMEOWNERS AND TROUBLE FOR BANKS
My guess is that Congress will change ( even back-dating ) the laws to avoid this !
@Don – I read that article about “China will buy gold but only at a discount” but it is riddled with obvious errors; like the fact that 403 tonnes on the open market would lower the price of gold . . . well Central Banks have been selling 500 tonnes of gold on the open market for the past 10 years and the price has risen every year; and this sale is going to happen within that agreement, which means that other central banks are only going to sell 100 tonnes; with that, however, the Chinese may receive a discount by the Americans, of course, to paper over some of their losses on treasuries, subprime, etc.
@alister @Mr. Supergeek – sounds like what the proprietor here said too! he says that French people are a problem because they are too soft and have not had any hardship for 60 years
@stacyherbert & All
Commend this one very insideful:
2nd Part of Larry McDonald Interview with MissTrade, what was $LEH Trading Desk thinking during the crash? http://bit.ly/E1xOW
@frances @s.herbert n y’all in semi first class seats
DISCLAIMER:wrote this earlier wasn’t gohn post but?
DISCLAIMER: what follows are the dehydrated half starved, badly punctuated semi incoherant ramblings of a 48 year old who people say looks 35, the result of an unhealthy lifestyle and too much THC.
As one of only the second generation of my family able to escape the mechanised soul destruction that was that was/is? the industrial revolution treadmill they call life…how can my soul be any worse off with all this freedom and knowledge…well only if I’ve made the wrong choices in life…oooh reminds me of that middle class cliche about having too much choice yeah that must be part of the problem…doh…like other cliches I often read here…ie: ‘we are all booshwah now’ or ‘we are all palestinians’or that most popular motif that we are all slaves living on a plantation…puhlease…just like the ones about smiley third worlders who though they don’t have what we have they are so happy’ sounds like that shite all my middle class friends spout when they come back from expensive holidays…and are trying to avoid discussing the abject poverty they have witnessed while having fun…seriously…what an insults! why is it most of us in the west are constantly trying to catch ‘the blues’ l like being to able choose whether I wear a digital watch or have a routine if it means money or a better quality of life… my task is then to find a balance that suits my soul rather than getting distracted by society or too much materialism and money…hopefully then I can appreciate the things in life that matter like art…family…relationships…I feel my true spirituality artistic or otherwise is uncorruptable like love…so as long as I feed it with creativity, love and or trying to bring people together…even if only in a small way…I am living outside of societies material confines…and enjoy feeling part of the universe rather than just a human bean…which is good enough for me.
Funny….
Buying a house in these difficult times.
http://www.youtube.com/user/BackBurnerNews
Can you believe the naivity assumed here : Big banks will fund the FDIC. Can I say WAHHAHAHAHHAHHAHA ?
http://tinyurl.com/loee8e
@PurpleHazeakaSupergeek:
You put too much of your soul into that one, mate.
http://www.timswineblog.com/~ASSETS/IMG/upload/dorian-gray.jpg
@Mr.Supergeek:
Here’s what I meant:
“Let me not be thought to speak wildly or extravagantly. It is verily this degradation of the operation into a machine, which, more than nay other eivl of the times, is leading the amass of the nations everywhere into vain, incoherent, desttructive struggling for a freedomof which they cannot explain the nature to themselves….
It is not that men are ill fed, but that they have no pleasure in the work by which they make their bread, and therefore look to wealth as the only means of pleasure. It is not that men are pained by the scorn of the upper classes, but they cannot endure their own; for they feel that the kind of labour to which they are condemned is verily a degrading one, and makes them less than men.”
John Ruskin 1819-1900
GoodGod! I’m 48 but no one says I look a day under fifty!
Both Mr. supergeek and frances snoot: well now that the cat is out of the bag…I’m 59+…..
@Richard@Latitude30N:
And you don’t look a day over 35!
@Stacy and @ Don: I can’t pull up the article about the 403.3 metric tonnes of IMF gold to be sold…But if I am not mistaken…only 100 tonnes goes to the open market…the remainder goes to sovereign nation members..and isn’t it @ $42.00 per tonnes( love this European spelling of ton!!)?????????or was that the price the IMF paid for it???
@frances snoot: well yes that’s what my friends tell me…u can see for yourself I have a FB photo…oh yeh you don’t have my full name do u???? It will have to remain a mystery unless you have friends in low places who can discover those details..HA!!!
@Richard@Latitude30N:
I always cultivate friends in low places…birds of a feather you know.
@frances
yeah I think I know what you meant…and think I know what point ruskin is trying to make…I actually think you put it better than him!
@frances
….also I am not really 48, didn’t ya notice…I was kinda doin a bit of a mike king!
@Mr.Supergeek:
Perhaps my penchant for stretching a thought out so long one loses both ends is Ruskin-like, but he is much more eminent in his broadness of stroke! But you would prefer Walt Whitman: The Leaves of Grass. I don’t know about Whitman except to know Whitman is to realize you don’t know…
And I’m not 48 either. I’m really 84 with four teeth and sixteen cats. But people tell me I look 48.
I miss Mike King stomping about with his CAPtocracy.
@PHazed:
Here’s a shot of my sitting room. Seems I miscounted…old age you know:
http://media.photobucket.com/image/old%20lady%20with%20cats/loli_cat/130-cats-1.jpg
@ Stacy and Richard.
Hey guys! Well, I have to say that I read both stories of the IMF gold sale and the Chinesse potential to buy the gold. (Which is most likely going to happen and was set up to apease the dragon)
It just begs the question: Is this profit taking on the part of the IMF, and if they want to help stomp out poverty why wouldn’t they (the IMF) just credit the gold to needy nation’s central banks? Its all as screwy as if all monetary were run by uneducated dip shits. I don’t know, it just raised a brow like, “wtf does this shit mean?”
Take care guys, back to the jungle.
Don