Stacy Summary: The Truth About Markets, RDU 98.5 Christchurch New Zealand
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Most recent: 
Main TAM page isn’t updating. Need TAM for my IPOD! I GOTTA HAVE IT!
Great job on calling the action on the dollar stacy
@mep
sorry l didn’t make the joke more clear. I was trying to “connect the dots” kind of like a 911 truther does.
@Mr.Supergeek:
querky:
http://www.urbandictionary.com/define.php?term=querky
penetition:
this I combined penance and petition but one might go happily Freudian with this one as well, being a title gives leeway
U.N. climate meeting was propaganda: Czech president http://tiny.cc/ZfSbz
Is the US jettisoning the UK? Brown can get an Obama meeting..
http://news.bbc.co.uk/2/hi/uk_news/politics/8272061.stm
@Mini US
The interseting thing with Lehman was that the moment CDS became more in the open the more they went into what Larry McDonald calls “cashbonds” which are hidden and unsecured. I think what Larry McDonald calls “cashbonds” are short-term notes called “commercial paper.” This commercial paper brought Lehman down according to Bloomberg http://tiny.cc/GcTpb
2nd Part of Larry McDonald Interview with MissTrade, what was $LEH Trading Desk thinking during the crash? http://bit.ly/E1xOW
@maxkeiser.com
GAMBLING…maybe I should just get another eye test and some new glasse…as we probably will never get the function to correct typos back!
@youri
maybe more a gamblig addict or cokeheads…but with bankers…who knows? maybe your right!
@frances
‘penetition’ and ‘querky’ are you testing me …or do you just make these words up as you go along?
@Mini US
It’s Junky behaviour. A Junky will also talk your head of about how honest they are. If they were the hadn’t have to say that.
[9/23/2009 8:51:45 PM] Robert Halliday: Oliver Cromwell Speech – Dissolution of the Long Parliament
Dissolution of the Long Parliament by Oliver Cromwell given to the House of Commons, 20 April 1653
It is high time for me to put an end to your sitting in this place, which you have dishonored by your contempt of all virtue, and defiled by your practice of every vice; ye are a factious crew, and enemies to all good government; ye are a pack of mercenary wretches, and would like Esau sell your country for a mess of pottage, and like Judas betray your God for a few pieces of money.
Is there a single virtue now remaining amongst you? Is there one vice you do not possess? Ye have no more religion than my horse; gold is your God; which of you have not barter’d your conscience for bribes? Is there a man amongst you that has the least care for the good of the Commonwealth?
Ye sordid prostitutes have you not defil’d this sacred place, and turn’d the Lord’s temple into a den of thieves, by your immoral principles and wicked practices? Ye are grown intolerably odious to the whole nation; you were deputed here by the people to get grievances redress’d, are yourselves gone! So! Take away that shining bauble there, and lock up the doors.
In the name of God, go!
Oliver Cromwell Speech – Dissolution of the Long Parliament
Here we go.
Swiney injections have come to town.
http://www.theage.com.au/national/five-million-swine-flu-doses-available-from-next-week-20090924-g47n.html
The Reserve Bank of Australia seems to feel the need to repeatedly tell us that our banks are ‘better positioned than most’ to survive another financial system event.
I ask myself why they feel this need to keep reminding us.
http://www.smh.com.au/business/australian-banks-resilient-wellplaced-rba-20090924-g3lq.html
@Youri
Maybe the derivatives will be the Hindenburg event we need for Wave C dooooooowwwwwnnnnnnn.
Dunno, ask the RBA. They obviously know something.
Q+A-Derivatives: What they are and why they matter–> Link is OK but FPP has a downtime. Happens regulary unfortunately.
Just try it later.
Q+A-Derivatives: What they are and why they matter http://tiny.cc/zHJ89
Derivatives still pose huge risk, says BIS http://tinyurl.com/pjtwfv
@ marietta – The Federal Reserve has little to do with the census bureau. Sounds more like the guy was targeted and lynched because he was identified as a federal government worker. He was found hanging on 9/12–the day of Glenn Beck’s 9/12 rally–and the feds have keep quiet about it until now because of the political implications. The FBI has instructed other census workers in the area not to go to houses to interview people in the area, so that suggests they have reason to believe that there was an anti-government motive behind this killing. It wouldn’t be the first right-wing politically motivated murder that we’ve seen, but there’s going to be a whole lot of blowback if this guy was killed because he was a census worker.
Seems to me that the census bureau itself should have some leads on the case. I’m sure that Sparkman had a list of houses to go to for interviews.
But anyway, I think this incident says a lot about who we have become and how dangerous irresponsible political rhetoric really is.
@mini us
“Maybe that belief has continued, yet the actions to support the belief didn’t keep up!”
oops guilty as charged…getting carried away….yeah my thoughts…not your words…sorry meant to use kinda before..the ‘er’…anyway I’m sure you get my point…lucky I didn’t mention that I don’t consider golf even a ‘game’ let alone a sport…hey…my sporty analogy…life is a marathon not a sprint…and good athletes don’t drink coke or eat burgers!
http://www.cnbc.com/id/32952664
Oh Mobius!!!
Derivitives anyone?
hadnt ever bothered to look at a long term gold chart but did so yesterday.
http://www.kitco.com/scripts/hist_charts/yearly_graphs.plx
this 34 year chart worried me quite a bit so I’ve sold all my units at goldmoney, especially as every man and his dog these days thinks the gold price can only go up. I still think it will hit $2000 in the next few years but looks to me as if a big correction is at hand. presumably that would coincide with a huge dollar rally, even though i can see no reason for that happening any time soon.
http://globaleconomicanalysis.blogspot.com/2009/09/i-endorse-peter-schiff-for-senate.html
Atta boy Mish!!!!!
You two are the best! I’m giving you a big stock market “Bear” hug. Tell those cafeteria workers to SHHHH!
@Mr Supergeek
I don’t recall saying “arrogant false optimism”.
uuhh not great examples…someone can hit a golf ball….uh-oh…and er as you said arrogant false optimism…I can;t see what is great or admirable about that.
Your words, not mine buddy.
@Mep
A better bet :
The murder was by an agent of the “Illuminati” to paint all Federal Reserve opponents as “terrorists” right before the House hearings about auditing the Fed. The hearings are Friday morning at 9am. Coincidence?
GOOD AUDIO BILL FLECKENSTEIN
He has had great insight
http://www.kingworldnews.com/kingworldnews/Broadcast_Gold+/Entries/2009/9/18_Bill_Fleckenstein.html
Okay, Americans can be a little querky. But if you grew up watching this every day, well, what do you expect?
http://www.youtube.com/watch?v=Vzo0iHrivVQ
@frances
The fact you take time to respond to my posts is cool enough …so no apologies are ever needed and I won’t ignore your nature…I like it too much…scary huh???…insert appropriate smiley here for me.
ps. I have often tried to defend americans as individuals on this site…and have complained often about overuse of stereotypes and generalisations..,as being lazy and sloppy.
I remember being reminded that national and regional character traits do exist if ony on a small level…my own feelings are that nobody really has enough time or brain power to contain or retain accurate info on all the experiences, people or places in the world without their mind resorting to generalisations or stereotypes…once in a while…otherwise I think we would go mad or get completely toasted by life…
@Supergeek:
response to your nice prayer from me
Penetition
kneel
before the ejaculation
of my desire
oh, god
maker of mine enemies
profit seeker
at my
lonely rectitude
ripples upon the surface
cloudshank
rain down gold
to fatten the gullets
of the fallen
idols
raised in want
zipper tight
the lips
of the children
the cries lost
in the anthills
trampled by industry
pillage-veil of pain
lead quick
the waters
wash clean the vestige
of the feast
the wine
the bread
the chaste long angles
of the setting sun
long as the stride
of man
upon the pillars
of his pride
Pues, no podemos haber aquello que queremos,
(Since we cannot get what we like)
Queramos aquello que podremos!
(Let us like what we can get)
wtf:Supergeek:
yes…I took offense at the nature part. But of course I am rude often and arrogant always and wrong essentially mostly. So sorry I jumped just right now I don’t want to share the collective guilt seeing I can’t stand the thought of being part of the collective and that is the next Obama yes-we-can group hug crud…
Blast away and ignore my…nature.
http://www.expatexposed.com/forum/viewtopic.php?t=2755&sid=84ba3dd62336d3e7ee0343c8637bcae5
It’s on now, radiolive.
He has claimed that 740,000 Kiwis over 15 in the work-force who are numerically and literacy-challenged.
If that is accurate that’s unbelievable!
====================
NZ has 4.1 m people
====================
@frances
Damn at least I bothered to use the word ‘generally’ and if you only take offence at my generalisations, because they are negative then you have kinda proved my point!…take away the generalisations about americans or anybody else and there wouldn’t be much left on this site and if you took offence at all the generalisations generally made in life…you would’nt have time for anything important would you?
Caetano Veloso – Alfomega
the analfomegabetismo
Somatopsicopneumático Somatopsicopneumático
o analfomegabetismo the analfomegabetismo
Somatopsicopneumático Somatopsicopneumático
Que também significa That also means
Que eu não sei de nada sobre a morte I do not know anything about death
Que também significa That also means
Tanto faz no sul como no norte Whatever the south and north
Justamente Just
Que também significa That also means
Deus é quem decide minha sorte God is who decides my fate.
yeah I was looking for the past episodes and luckily someone uploaded them as a torrent which i managed to grab ,
I am still seeding that torrent and wanted to upload the latest batch , its just the quality on oldtube is very bad and every upload is split into 3 separate pages for some reason .
@non a mouse
Cool that sounds like a great idea…bear in mind…that there is aready karmabanue torrent from last year(thanks again y’all) which contains shows that runs from 2006 up to late nov 2008…but no video!
Good luck it would be great if someone made a new TAM torrent or ripped all the youtube vids and put em out there IMO.(link below to karmabanque torrent)
http://www.mininova.org/tor/2672655
“The biggest and most secretive gathering of ships in maritime history lies at anchor east of Singapore. Never before photographed, it is bigger than the U.S. and British navies combined but has no crew, no cargo and no destination.”
Haven’t heard anything about this in main stream media, isn’t this huge?
…did someone say dollar carry trade…
JIM WILLIE: “Furthermore, installation of the USDollar Carry Trade will assure that No Exit Strategy will be available to the USFed also. Wall Street firms will participate in this free lunch carry trade, just like all others. Wall Street will not permit a USFed rate hike to firm the US$ exchange rate.”
http://news.goldseek.com/GoldenJackass/1253774700.php
f*ck Wikipedia on that one:
two types of nominalists
one believes that universals don’t exist
the other believes that it is only in the mind of the beholder that universals can be said to exist
well i have most of the radio shows and i am willing to split them into months and create a torrent i just need someone who has the videos in full to assist me .
@mini u
uuhh not great examples…someone can hit a golf ball….uh-oh…and er as you said arrogant false optimism…I can;t see what is great or admirable about that…don’t believe the hype coz that is all it was…spin…generally americans are unable to talk about, understand or accept failure…unless count whining at the top of their lungs…anytime they have to take any pain…careful otherwise it might end up…mini us by name and mini us by nature?
.
@Supergeek:
Being a singular American I take offense at your reference to the plural.
Try education:
http://en.wikipedia.org/wiki/Nominalism
I’m a nominalist by choice and human by nature but also born and forced to abide in the United States soon to be a region and then y’all have to find someone else’s bones to pick over.
Mike/Liverpool:
The guys that walk Obama prefer Tony Blair:
http://www.telegraph.co.uk/news/worldnews/northamerica/usa/barackobama/2448592/Barack-Obama-snubs-Gordon-Brown-for-Tony-Blair.html
Right-wing murder?
http://www.huffingtonpost.com/2009/09/23/census-worker-hanged-with_n_297114.html
If so, I blame Michelle Bachmann primarily for polluting the minds of people with her anti-government/anti-census bureau paranoid insanity.
@a non amorous
Yeah….you buying or selling!
is anyone interested in a torrent that has all the radio and tv shows split into months for 2009.
cheers
@mini u
uuhh not great examples…someone can hit a golf ball….uh-oh…and er as you said arrogant false optimism…I can;t see what is great or admirable about that…don’t believe the hype coz that is all it was…spin…generally americans are unable to talk about, understand or accept failure…unless count whining at the top of their lungs…anytime they have to take any pain…careful otherwise it might end up…mini us by name and mini us by nature?
.
Oh Dear
Obama hates Gordon!
http://www.guardian.co.uk/politics/2009/sep/23/barack-obama-gordon-brown-talks
Mike
@Icelandic Krona carry trade
The carry trade is discussed on the talk page, which is an incomplete portion of the Icelandic Financial Crisis page on wikipedia.org.
The carry trade was borrowing @7% from British savers and lending out at 17% domestically.
http://en.wikipedia.org/wiki/Talk:2008–2009_Icelandic_financial_crisis
Wikipeida seems not to cover the Carry Trade aspects of the
http://en.wikipedia.org/wiki/2008%E2%80%932009_Icelandic_financial_crisis
and neither does the
http://en.wikipedia.org/wiki/Carry_(investment)
page (except for the tiny bits I added).
Frequent visitors of MK’s website need to add in all the necessary bits to Wikipedia as I don’t know where to find all the material that is applicable.
I don’t think Warren Buffett cares where he makes his money.
USD up, USD down.
Look at Jim Rogers too. He moved to Singapore and his kid is learning Asian languages.
He just goes with the flow and makes money on whatever is going at the time.
Don’t fight it folks.
Enjoy the ride and hope the changes are for the better. Maybe be even make the difference yourself.
Great opportunity.
I have always admired the American attitude of “we can do it”.
Its a super confidence in ones self.
Its what made the nation great.
Its what Tiger Woods has, a mental strength to make things happen.
Maybe that belief has continued, yet the actions to support the belief didn’t keep up.
To stick to the golf analogy…
As soon as you think you are good at golf, inevitably you will screw up your next round. Its a humbling game, a little like life.
YAY!!! Helicopter boy held down interest rates!!! The destruction of America is accelerating!!!
For all those who don’t think America will suffer a similar, but worse, fate from Japan, a few things to consider:
1.) Something like a third of our CURRENT budget supports the Defense Department. That means wars. The DoD is the big stick of Empire, keeping all the vassals in line and right now the military is massively overextended. We’re about to get our clocks cleaned in Afghanistan, just like the Soviets did.
2.) The world’s reserve currency has changed before, it can do so again. To believe it “can’t happen here” is mere myopic American exceptionalism. Despite what the Orwellians in the audience may think, you can’t save the Empire through the sheer power of your psychological denial. The British pound used to be the world’s reserve currency, the dollar is now, something else will be tomorrow, and so the world turns. Get used to it.
Basically, I’m in synch with everything being said by Dimitry Orlov on this issue:
http://www.energybulletin.net/node/23259
As well as Marc Faber, Peter Schiff, etc.
American collapse isn’t a “bet”. It’s a sure thing.
Can’t the US just put all their debts in one building, then crash a plane into it.
Presto!
No more debt.
Here’s the Huffington Post report on the speech:
http://www.huffingtonpost.com/2009/09/23/gaddafi-un-speech-libyan-_n_296175.html
Gaddafi and I have rambling in common…
Max
The BOE wants YOU!
http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/6224090/Bank-calls-crisis-meeting-for-experts.html
Mike
oops link didn’t work
http://www.guardian.co.uk/world/2009/sep/23/muammar-gaddafi-general-assembly-speech
OP
Perhaps Warren Buffet’s “sure bet” is based on the market being priced in US dollars. It’s not as if the market has to actually grow to be priced as having grown in US dollars. Also, people look to him for direction so he’s also supporting his own portfolio through his effect on investor perception. He can’t practically sell his holdings, so this is perhaps just a chance to profit from the US dollar devaluing enough to “guarantee” him a win down the road.
A famous man once said “only dead fish swim with the stream”,
At least Gaddafi shoots from the hip…
http://tinyurl.com.au/x.php?1y2m
OP
http://www.lewrockwell.com/north/north760.html
Deflationist who bails his ship…
Please go to next page…
@frances snoot … ” It’d be the end of American banking, wouldn’t it…as we know it?”
LOL .. did you mean “American” only – in the sense of totally corrupt ?
Yes .. so far , the ponzi scheme has been “kept on paper” which is why it’s been easy to keep the music playing with Govt. help.
This represents a short-circuit between reality and paper.
I wonder how the MSM will play this one down .. or whether it becomes a precedent ! One way or another, the lawyers will make the money in the end .. as usual !
@Phil:
It’d be the end of American banking, wouldn’t it…as we know it?
@frances snoot ..Thx ….things are going to get interesting soon methinks.
Strange that DB had similar rulings over a year ago ( not holding the right paperwork to be able to foreclose ), but the MSM has kept this very quiet … in order not to publicize it of course .
@Phil:
Interesting commentary at JSmineset on the mortgage ruling:
http://jsmineset.com/2009/09/23/in-the-news-today-320/
Wednesday, September 23, 2009
William K. Black’s Proposal for “Systemically Dangerous Institutions”
http://www.washingtonsblog.com/2009/09/william-k-black-banks-posing-systemic.html
Wow …. great list WIlliam – that’s the talk.
Sounds almost like Max !
Show Me The Note – KS Supreme Court Slaps Down MERS Foreclosures
http://www.dailykos.com/storyonly/2009/9/23/785389/-Show-Me-The-NoteKS-Supreme-Court-Slaps-Down-MERS-Foreclosures
@BlackDouglas
You can book into a gold spa…
They give you gold hotstone treatment..
One day at the spa is about 20K USD
But you get to take home your own gold hotstones, or you can leave them at the spa..
Anybody in Holland can mediate a foreign gold pruchase and storage, as it is a tax free activity. Or you can open a travelers account in australie easily. That I think would be quite a safe bet.
VeriChip Corporation (NASDAQ:CHIP) zoomed 112.19% and is the highest percentage gainer in the early few minutes of opening trade. The stock is trading at $2.44 with an impressive volume of 377k shares. The stock also today created a new 52 week high at $2.78. Today September 21, 2009 VeriChip Corporation and its development partner RECEPTORS LLC, a technology company whose AFFINITY by DESIGN chemistry platform can be applied to the development of selective binding products, announced that VeriChip has been granted an exclusive license to RECEPTORS’ Patent No. 7,504,364 titled ‘Methods of Making Arrays and Artificial Receptors’ and Patent No. 7,469,076 ‘Sensors Employing Combinatorial Artificial Receptors’, in their application to the development of the virus triage detection system for the H1N1 virus. The patents can also be applied to detection systems for other viruses and biological threats such as Methicillin-resistant Staphylococcus aureus (MRSA). However the stock has notched 524.75% in the last six months. VeriChip Corporation is engaged in development, marketing, and sale of radio frequency identification (RFID) systems used for the identification and protection of people in the healthcare market. On November 14, 2008, the Company acquired Digital Angel. In March 2009, the Company established a subsidiary, VeriGreen Energy Corporation, to focus and invest in the clean and alternative energy sector.
holy shit
http://www.blogdolcevita.com/post/2165/crazy-italians-towns-buy-lottery-tickets-to-pay-debts
“Ficarra, in Sicily, is not the only town that has been buying lottery tickets, with Varallo Sesia in Piedmont and Anguillara, not far from Rome, also getting in on the game.”
@mike/liverpool re. Brown statesman award -
just when you thought it couldn’t get any worse…
http://www.blogdolcevita.com/post/1920/after-naomi-letizia-berlusconi-for-nobel-peace-prize
Berlusconi’s up for the nobel peace prize.
I know you guys have an interest in Ken Lay.
Maybe you can hit up the listing agent for help with your movie.
THE ENRON SCANDAL
Ken and Linda Lay’s condo for sale for $12.8 million
It’s a simple question without an answer available in the public domain. Instead, here are two truths:
• The government had a shot at forcing the couple to sell the condo and use the proceeds to pay back creditors when Ken Lay was found guilty of 10 counts of securities fraud and related charges. But he died shortly before he was sentenced and before he exhausted all possible appeals. Therefore, the convictions were abated or reversed after his death, and the government lost some leverage in the real-estate case.
• The fact that the condo is for sale suggests Linda Lay and government lawyers may have struck a deal. Perhaps some proceeds from the sale will go to creditors. Perhaps she’ll get to pocket all the money. But court records are sealed, and a Justice Department spokeswoman said she has no public information to share.
http://www.chron.com/disp/story.mpl/star/6632089.html
@BlackDouglas:
Getting more than I think 10,000 US out of the country is problematic due to the Patriot Act terrorism clause qedx or something. But Jim Rogers just puts gold coins in his pockets.
Guess everyone must hate Americans right about now.
@FranSix:
Can we use the bushy-faced Victorian’s equation to figure out how long we have before we need to put more ice in our koolaide?
Ok friendo
I’m bored of the global coin toss and the kick-at-the-can, so I thought to share with you some stuff about anti-gravity physics.
Excellent Video From Alien Scientist
http://www.youtube.com/watch?v=9xnh5Nd4DzM&feature=channel_page
Article in the Hindu Times about superfluid properties of He4 (bottom of article)
http://www.hindu.com/seta/2003/10/09/stories/2003100900030200.htm
Have a nice day
@dollar slurpee
If some capital inflow occurs as we had seen after the oil price collapse, then possibly The Fed will simply go to negative interest rates very briefly.
Generally I am of the belief that higher interest rates are in the cards, and hyperinflation in some segments of the world economy, but not the U.S.
Anybody have a clue what’s happening at the G-20 summit?
Some people I know want to sell their dollars. They think they can’t set up accounts in other countries so that they can then deposit say Yuan and from there buy stocks etc.
Anyone know how to get money out? Explanations from all you money wizards?
Shouldn’t people be getting advice on how to get their cash out? I mean if you have a lot it seems easy. What about a student with say $20K for example?
Perhaps the german finance minister is a good example of leadership. He wants to claw back from banks whatever they have, and wants to avoid sacrificing social cohesion in order to save the banks..Maybe other finance minsters will think as straight once they get their heads out of Obama’s arse…
http://www.youtube.com/watch?v=8kkGviGU7zU (in german)
Capital outflow is occurring because of Bernanke’s low rates in the teeth of the hurricane. Uber-inflation will drain the swamps.
FranSix:
Don’t forget that the dollar is the reserve currency.
Repatriation of dollars will be a nightmare with a big sucking sound.
Stacy, I think you really nailed it with your comment about the weightless feeling.
Uh, no it means chronically firm currency/ w deflationary economics. All of the capital outflow seeking investment in emerging economies, currency differentials and commodities will reverse.
I believe that Japan is seeing a bout of repatriation of their currency, and may well spike along with the dollar, or just prior. Note that in Japan interest rates haven’t budged even though their currency has appreciated strongly.
@FranSix:
Repatriation of currency = hyperinflation?
Yes, no ‘real’ carry trade in the $US, and thus longterm decline, simply because there are too many currency pegs. More than likely currency advances against the $US have little room to advance, despite the capital outflow into foreign markets and into commodities since 2002.
The Yen never served as a global reference currency, and was the only country with zero and temporarily negative interest rates.
Repatriation of currency is the probable outcome.
@Max or Stacy,
Who did your intro song?
It sounds like they’re saying “Gorilla Man” or something.
Just Wondering
Here’s my analogy for this whole mess:
The housing bubble was a financial explosion, a supernova. The “American Dream” was the old star that started to die after 2000. The massive amount of energy released by this supernova fueled the housing bubble. So while the public thought everything was great, from 2003-2007, it was actually a catastrophe. As the bubble popped all that remains now is the “toxic assets.” These bad debts have an extreme gravitational force, causing them to condense into a neutron star. In the end a black hole is formed. This black hole is invisible, its the off- balance sheet garbage paper. The bailouts are all being sucked into this black hole and eventually the entire global economy will be pulled down into oblivion.
Since we’re in the orbit of a black hole, it may feel like the Depression is ending, but we’re just at the far point. Saying the recession is over is like stating that things FALL UP.
Carry trade won’t happen?
http://seekingalpha.com/article/161513-no-five-year-carry-trade-punishing-the-dollar-at-least-not-yet
@FranSix:
Dollar carry trade is easily squashed by central bank’s raising interest at lending window. The trade is tolerated.
Max / Stacy
First the perfect show about gravity, falling planes, and war. First the link and then a short casting change below:
http://www.youtube.com/watch?v=CUYZYJ7XueI
Those old enough will remember the classic Bugs Bunny movie “Falling Hare.” Just imagine that Bugs is Max and that the gremlin is Ben Bernanke. First Max tries to help explode the blockbuster but then realizes his mistake. It turns into a battle royal when Max learns about gravity and the lack of terminal velocity, and how to fly an airplane in very dangerous places.
Max doesn’t die but converts Ben as the real ending is a soft landing where the fuel runs out [deravitaves are banned & gold becomes King].
Also regardng straddles the writter can also write a butterfly: bull spread & bear spread at same strike with no risk. The market then lifts one of the legs in whole or in part to produce the straddle.
Alt-A Loans and Option ARMs meet Strategic Defaults: The Perfect Recipe for a Toxic California Housing Market in 2010. http://bit.ly/fqUhd
There is still a marked difference between the senstion of floating and what I feel right now..
The intermediation of currencies is the job of central banks, so why is it that swap agreements exist at all? Its because this essential central banking function was simply given over to the business elite to do with as they wish.
Small wonder then, that various currencies around the world seem indexed to the oil price. If oil and copper prices go into decline, this will also signal that currencies such as the £, €, $CAD, $AUD will go into further decline as well.
(certainly the $AUD seems the focus of carry trade activity, but don’t forget Brazillian reals, which Brazil sovereign debt was recently upgraded by Moody’s)
US bank insolvency beckons profits:
http://www.marketsmediaonline.com/news_detailsSec.htm?wP=27&wPI=2&cN=4446&UID=310888207340305161058810754010560
wasn’t shell caught up in some affair wherein they had been accused of clandestinely researching technology to reverse gravity?
human ingenuity will win out in the end
GATA : Fed admits hiding gold swap arrangements
Tuesday, September 22, 2009
http://www.gata.org/node/7819
The Federal Reserve System has disclosed to GATA that it has gold swap arrangements with foreign banks that it does not want the public to know about.
The disclosure contradicts denials provided by the Fed to GATA in 2001 and suggests that the Fed is indeed very much involved in the surreptitious international central bank manipulation of the gold price particularly and the currency markets generally.
The Fed’s disclosure came this week in a letter to GATA’s Washington-area lawyer, William J. Olson of Vienna, Virginia (http://www.lawandfreedom.com/), denying GATA’s administrative appeal of a freedom-of-information request to the Fed for information about gold swaps, transactions in which monetary gold is temporarily exchanged between central banks or between central banks and bullion banks. (See the International Monetary Fund’s treatise on gold swaps here: http://www.imf.org/external/bopage/pdf/99-10.pdf.)
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@Mini US
Well said. Agree completely.
You
Bono & Git-off have a “deal” with the NWO, they surport them in return for NOT being bothered ref their tax.
Mike
@Obladi oblada
I totaly agree with you Obama is a smug with his BlackBerry.
Don’t use a mobile phone for years now cause I’ve have heard about it. You can use eardops – headphone to minimise risk. Mans seed also gets destroyed when phone carried in trouser pocket. Donnow about lap top use. Think it’s a diffirent kinda waves.
@Youri
China under consumption or its lack of capacity to consume and drive the global economy ‘forward’ is really an incredible meme…Intil septemer 2008 it was not chinese consumption that drove the world economy, it was their production and willingness to believe the US fraud. I think any economist that thinks he sounds smart by being disappointed with the inability of China to consume the world out of their slump should be summarily shot, strangled or hanged, whatever is more ‘economical’.
UK will see an ‘old technology’ tax…
http://news.bbc.co.uk/2/hi/technology/8270772.stm
Might I remind them that a recent review of reseacht into the dangers of mobile phones showed there is strong evidence that they increase the chance of braintumors by 35%.
Who knows what damage netbooks do?
@Mike2liverpool
Loser minds seldom differ.
We should make the Loser awards of the year in the alternative media to get the world outtof imbalance.
Bonno and Brown got the loser awards 2009 . Bonno cause he’s stupid enough to defend the mindless yuppies now he made some bucks himself and thinks he has become one and Brown cause he was able to sell the country cheap by practicaly giving away it’s gold.
Bullish Today, Dr. Marc Faber: the current global recovery trade will last another two-to-three years http://ow.ly/qEEb
China’s under-consumption “global imbalances” is too often over-stated http://tiny.cc/Jg5MI
http://www.guardian.co.uk/politics/2009/sep/23/gordon-brown-world-statesman
Gordon Brown……Statesman award!
Mike
Wish I was Buzz boingboing in zero Gravity with some blond chick
http://www.boingboing.net/images/xeni-buzz-aldrin.jpg
Donnow were she need the big black tool for?
http://www.boingboing.net/images/zero-g/ZeroG-0915a-0207.jpg
@Max&Stacy
Who came up with that comparison of these parabolic flights they make to simulate gravity? Stacy you not gonna tell me that you’ve been reading Buck Danny cartoons, do you?
Good comparison, like it. http://www.boingboing.net/2004/09/17/zero-g-xenis-wired-n.html
Dropping down to earth in an airplane is a great analogy.
In an airplane you have windows and an altimeter; at least you know what is going on.
Where are our windows & altimeter as everything, incl the gold price is rigged?
Thanks M & S for these explanations.
Especially the technical money talk.
With all due respect and all….
I didn’t realise how many people dedicated their lives to doing absolutely nothing at all.
The new one for today is the ‘Straddle’.
I always knew banks pushed a lot of money around, but the quantity of people who are sooo unproductive in this world is amazing.
Its like watching the traffic report and wondering why the hell billions upon billions of people sit in that traffic on a daily basis for the duration of their adult life. Each one the sole occupant of his expensive vehicle helping to cause the climatic destruction of the world.
I guess it all depends on your percetion of what productive is.
This is what must change, not ‘derivatives’ or ‘puts’, but rather a complete consciousness of what is important to the human race.
I am fascinated by this economic world you are helping me understand, but the more I understand it the more I detest it and those who operate it.
Productivity? Productivity of what?
People filling themselves up with an unimaginable sense self importance and making lots of money, power, influence….to what end?
Perhaps a Nobel Prize?
What-ever!
So, so…………….may be Max should go back to doing it when druck.
Mike
Iv come to the conclusion that the collapse has already happened.
I believe in deflation within its context, like watching the sea goring out just before the tidal wave hits. In other words its hardly the main event!
I don’t think that markets are free so they must be fixed and will remain so until the glue comes undone. All the glue is made up of is the belief of value. This belief is being destroyed easily by the people the politicians and the economic / financial establishment, who paradoxically want to maintain it.
They have no choice as they maintain a lie, and every time something changes another lie is needed to cover it up.
I do not want to contribute to its demise as lots of people will most likely suffer. We also have the insanity of change within our own zones of this global village to cope with.
When the psychology change happens as that’s all were talking about in my option then history the good the bad and the ugly will most likely repeat. This could be dangerous!
I don’t think there is any independent currencies they are all derivatives of the dollar and so in many ways is the debt ownership. So the level of debt in each zone / country is irrelevant.
To talk about independent currencies, countries and laws, polices is just daft we will not be able to return to the past even if its desirable. I don’t think one large connected market is possible its to big and complex and I have no idea how best to stabilise such a system.
We are interconnected now and that’s it. You want independence the run a village fate for a charity.
Good Luck…..
Where did Sharon go?
Another round of agitation against the oligarchy. It must be sort of depressing to live life as a character in a dystopian novel, simply repeating the lines written for you many decades ago.
Wikipedia: “The protagonist of Nineteen Eighty-Four, Winston Smith, secretly hates the Party and Big Brother. Eventually he approaches Inner Party member O’Brien, thinking that he is part of Goldstein’s conspiracy against the state, and at first it appears that O’Brien is indeed a member of the legendary ‘Brotherhood’ opposing Big Brother.”
In the book Goldstein has authored the Brotherhood guide “The Theory and Practice of Oligarchical Collectivism,” which is essentially the theory behind today’s ostensible dissidents who rage against the oligarchy.
Ironically Orwell hints that this Brotherhood is actually an illusion created by the Party itself.
@Max Keiser: Excellent show, but I must disagree with you about the possible unwinding of the dollar carry trade. And feel free to debate me.
The dollar will NEVER recover. The Anglo-American Empire is in it’s death throes. America has no industry left, we’re heavily in debt and only going deeper into debt, and we’ve chosen to default on our sovereign debts through openly monetizing (printing money). What we should be thinking about is what will eventually REPLACE the USD as the next reserve currency, perhaps SDR’s. I’m positively BULLISH on American collapse.
Helping to kill what is left of the Empire with the dollar carry trade, in my opinion, can’t help but be a good thing both for the American people and the rest of the world. We need a clean sweep in this country, and that can’t happen until what currently exists here has been finally burnt to the ground.
Thoughts/reactions?
OT – But the Un’s climate conference saw China announce CO2 emissions measures while pleading concessions as a ‘developing nation’
– may be a post here S&M
A Developing Nation?
Developing into what?
It’s roughly the third or second largest economy in the world! Intensely industrial and increasingly militarised. It has no intention of complying with US or european standards of democracy or human rights or distributing it’s vast wealth any more equitably – so in what sense can it beg concession for ‘developing’? Apart from growing rich at the expense of its neighbours and oppressed hordes?
@y’all
To buy or rent this space call…..