Stacy Summary: Good stuff.
  |
 |
-
ref. max keiser – Get 6 mo’s free storage
-
Rick Ackerman-
- Karl Denninger – Market Ticker
- The Big Picture
- Mish
- David Morgan
- King World News
- SmartKnowledge
- GoldCore
fiat money and the french revolution
-
crash banksters – Buy Silver & gold
![[Most Recent Quotes from www.kitco.com]](http://www.weblinks247.com/indexes/idx24_usd_en_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/platinum/t24_pt_en_usoz_2.gif)
-
@y’all
I’m On The One!!!
Second!
mangetwa
Manage et twa
sorry my keyboad sucks
Small program to visualize Earthquakes in 3D
http://download.cnet.com/3001-2054_4-10395116.html?spi=8773f176c6267a67161be5332e106b2c
Excellently done !
Just one small exe file … but powerful graphics !
Tensions between Holland and Iceland are rising. Someone got off with those billions, and I think it is time we traked them down and got it back from them. Is soebody wants to start a war he should start a savings bank based on the new dollar carry trade.
Also our dutch royals are being attacked. Fits nicely with a European strategy to reduce national identity.
We have a commentator Jan Mulder that made a video saying he wanted Roman Polanski free, not because its long ago and he was drunk and he is such a creative mind, but because of the suck up attitude of the Swiss
OT: Brilliant 3D Earthquake visualizer.
http://tinyurl.com/yexg368
Very small EXE file .. but impressive !
( from CNET .. which is IMO pretty reliable and malware free )
His report is essentially on the nose, but even if you were living in a cave in Betchawanaland or elsewhere … this bit of news would have filtered in by now.
Even when MK was doing “The Death of The American Imperialist Dollar” documentaries the decline of the USD was beyond obvious — it was just a matter of finding some final mechanisms to get rid of it.
link to max on alex jones show yesterday
http://www.youtube.com/watch?v=SZPhp6vK5rw&feature=channel_page
starts out talking about fisk
Reminds me of John Pilger’s law: ‘If it’s been officially denied, then it’s probably true’
Alex Jones scares me… because he might be right. Not watching/listening to his shows anymore because I can only take in so much bad news at a time.
Thats funny… gold pushed down.. silver just floating. I smell a dead rat!
a clear case of the devil you know being more repulsive than the devil you don’t
When is the BLOODY £ going to Crash Max?
Your 6 months out so far (You got lucky on Gold boy)
Mike
Obama under fire for falling dollar
http://www.ft.com/cms/s/0/08ca4832-b36a-11de-ae8d-00144feab49a.html
Is There Really a Global ‘Cabal’ Aiming to Dump the Dollar?
http://seekingalpha.com/article/165026-is-there-really-a-global-cabal-aiming-to-dump-the-dollar
Goldman owed $1 billion if CIT goes bankrupt
http://www.reuters.com/article/newsOne/idUSTRE5932WU20091005
New York bridges falling down
http://www.nbcnewyork.com/news/local-beat/New-York-Bridges-Falling-Down-63092992.html
Will the US Government Confiscate Gold?
http://www.youtube.com/watch?v=5o36Dj-ukPo
Film Blames Bayer for Plight of Bees
http://www.independent.co.uk/environment/nature/new-film-blames-drug-firm-for-plight-of-honey-bees-1795148.html
I don’t believe China is buying treasuries any more…the TIC data will be published in a few weeks and we’ll know for sure.
It wouldn’t surprise me if they pull a “FED” and stopped publishing it. Then you will know for sure.
And how much of a downside would China face if they just dumped ALL their US treasuries to the highest bidder anyway? There’s plenty of suckers around who would leap at 10-20% discount. I mean so what if China loses$150-$300 billion, at least they’ll be rid of this toxic paper and ultimately wreck the Empire’s economy. They would be doing themselves and the world a favour in the long run.
Anyway China has all the cards and is in the unique position of being able to order the Empire around. Witness the Dalai Lama brush-off by Hopey McChange. (I’m no Lamist: that scumbag is CIA stooge through and through, and when the Lama’s ruled Tibet it was slave society replete with child-raping monks.)
If I were China right now my next demand would be “give us back what belongs to us anyway: Taiwan. Then I would tear up the other ridiculous agreements over Hong Kong and Macau.
Shortly after that was concluded, I’d dump the dollar anyway. Give the duplicitous dogshit Empire a taste of their own medicine.
As expected BOE rate flat,……..
@dan valley.
Oooh, ya don’t want you keyboard getting stuck in THAT situation
“Gold, perhaps, as a transitional currency”
They will need the transition to be a little quicker than a 9 year time frame. Chinese using western journo’s to pave the way.
I think Max is right, a lot sooner than 9 years. Was the translation 9 months from Chinese
Six months ago in Australia gold and silver were the same price as they are now.
The AUD has gone from US47c to US90c in that time.
At least with cash our interest rates are going up.
When the stock market crash comes the AUD will fall, I guess gold will too but not the same rate I’m guessing.
@Ilya: as Max fervently points out this control of the currency is paramount..thus notice that Mainland China is making serious inroads into the Taiwanese economy…eventually they ( the Taiwanese ) won’t have anywhere else to go but PR of China….thus ending the long division…an economic colonialization of sorts…an immediate dump of the dollar would lead to a global meltdown the likes the world has never witnessed….remember they have parked offshore hundreds of cargo vessels supposedly laden with goods….my take is that the politicians want a consumer society to blossom in China before they betray ‘the guy that brung them to the dance’ ( the USA)…thus the Fisk comments that it’s 2018…basically we can all see that they are in the catbird seat and are in a very Chinese way calling the shots( on their own timetable)
Sorry US60c to US90c in 6 months, not .47c
My bad.
Great stuff. America might be getting the message. Look at these dollar bills. My favourite is the ninth.
http://www.bspcn.com/2009/10/06/25-hilarious-defaced-dollar-bills/
@Nic
Number 20 is the most accurate though.
He almost gave me the thought that, first his story is true because of no government is denying it, second his story is true because of the government is denying it and the more they denies it the more accurate he was… a win win perhaps… uff, what a silly thought.
No idea what this guy is talking about except that people are buying crash insurance.
http://www.youtube.com/user/optionmonstertv
Storing Carbon Dioxide in the ground will kill plants
Root systems require oxygen these dumb A$$ money scammer a$$holes
http://www.cnbc.com/id/33057722
CAP AND TRADE IS A MONEY MAKING FRAUD THAT OBAMA SUPPORTS
Take A look at the numbers
http://www.geocraft.com/WVFossils/greenhouse_data.html
Its not the currency its the CBOT that trades oil worldwide THEY NEED A EURO BOARD OF TRADE that competes with the CBOT DUMB A$$
@Richard
Agreed.
But the Empire has been whining for ages about Taiwan “independence” while arming them like mad for what can only lead to an eventual showdown.
If the Empire wants out of this mess then they need to practice what they preach: let China buy actual physical US assets like ports, infrastructure, defence contractors, etc. But no, all the US wants to give them is paper and a promise to pay Tuesday for a hamburger today. That’s what guys like ‘Mish’ can’t get through their thick numb dollar-centric skulls.
The figure of 8 to 9 years seem a little like the $ 700 billion bailout pulled out of the air by the Fed. It needs a good bit more explanation.
Btw. Inthesenewtimes.com has been following everything produced about the disappearing Bees. Our archive is here.
http://inthesenewtimes.com/2009/10/08/itnt-archive-disappearing-bees/
Sorry NYME not CBOT they need to compete with the New York Mercantile Exchange
I think these Banks Are Stupid and Lazy its not that hard to open another trading exchange in a different currency
Gold, 1979
http://www.bullnotbull.com/archive/gold1979.html
Gold, 1980
http://www.bullnotbull.com/archive/gold1980.html
Will the Real Price of Gold Please Stand Up
http://www.bullnotbull.com/archive/casey-3-real-gold.html
Overview of where and how Gold is priced .
FWIW
Of course the USA has been doing this stuff for hundreds of years
CNBC has just given up trying to be right.
Panel of four plus rude dumb presenter.
At least now they are listening to Schiff, although notice how the intelligence left the studio conversation when they said adios to Schiff.
http://www.youtube.com/watch?v=kD0CPDVrFys&feature=channel_page
http://s269.photobucket.com/albums/jj76/dabruin2/ART/?action=view¤t=Toilet_Paper1_lit.jpg
No mention of gold in the Fisk rebuttal? Funny, too, Fisk mentions a new financial system as proposed by Putin, Sarkozy, and Wen Jiabao: one based on sdrs and control by the self-same system operating in support of the dollar: the IMF/BIS central bank conglomerate.
“Earlier this year, Chinese Premier Wen Jiabao suggested replacing the dollar with a basket of currencies overseen by the International Monetary Fund (IMF).”
http://www.theglobeandmail.com/report-on-business/crash-and-recovery/fed-chief-warns-greenbacks-global-status-at-risk/article1308930/
When Fisk mentions a basket of currencies he is referring to the sdr-managed system. Interesting that the oil company Alliance operating out of the Russia sold bonds denominated in sdr.
@Dan Valley, surely you mean A Age TAM Went, sorry my anagrams suck
Sorry JibberJabber.
But Max Keiser was right again…….
Online gambling is a massive growth industry and the bubble is growing as we sleep. Its about the racing industry and online corporate bookies – Guess who! Govts involved in its growth.
This was on TV in Aust tonight. This is the replay. Story starts 17.35 mins in. First part is boring political stuff, although does show opposition leader(Ex GS) struggling
http://www.abc.net.au/iview/#/view/449306
One of the companies mentioned is called betfair.com
It sponsors a sporting team here.
Great name. Its like calling a bank loanfair.
Sorry folks.
To start iview click on start, then 7.30 Report 8 October.
Doesn’t link straight to show.
Hey, Riot in Detroit:-
http://www.youtube.com/watch?v=cV2ngvYI_ZU&feature=player_embedded
Mike
@Palantari:
“His” story is true because it is true that the BIS empire is planning a dollar collapse and a system to operate through a basket of currencies with the sdr as reserve currency. The plan has been to revalue the basket in 2010: wonder how much weight the dollar will have in the revalued sdr basket?
The only part that is a fuzzy bear is the gold-included addendum. Why would the BIS peg a currency basket to gold or include gold when the plan is to move away from tangible currency?
@frances snoot
I believe I heard somewhere that under an SDR conversion, that the USD is worth about 60 cents or slightly less.
@Ilya: yeh..the arms conglomerate has certainly filled under the xmas tree with all sorts of weaponry for anyone to have and hold( yet another USPentagon budget of $686 billion )…I remember that when Iraq presented their claim on Kuwait ( as their 9th province ) and Amb. April Gillespie relinqinshed American restraint to Saddam’s warmongering expansionist desires…I also wondered how the Mainland Chinese generals took that event ( Gulf Storm War )..and their desire and how they might also annex Taiwan; [ closer to home the Belizan ( ala British Army/AF/Navy) Army was confronted by the Guatamalans in annexation attempts while the Contra War was ongoing in Nicaragua in the 1980's]….we will see that American hegemony won by the sword will in historical terms be frowned upon as later events by the Chinese and Islamists who might succeed by peaceful persuasion instead may have a favored historical conclusion in time….might is right always wins..but if it can be primarily achieved by diplomacy, then the victor is placed upon a higher pedestal….I may be wrong as the Arabic nations have ties to the Rothschild’s banks now that their economies have faltered, but usury is frowned upon in Islamic culture…we may be facing a West vs. Fundamental Islamist economics as well( and so the OPEC nations have a place at the table when the basket of currencies is discussed)…thus we ( as I am an naturalized American ) may be faced with a two tiered affront in the imminent future to “our” supremacy….Militarily we dare not face our nemesis: Iran nor China..the terrain and the numbers favor their victory…and I dare say the “nuclear option” has been off the table for some time…yes Ilya America is clearly on it;s hind legs and the chickens are coming home to roost!!!!!!
Penson Worldwide Inc. (PNSN), Rolling Stone, the Mafia, and Naked Short Selling
By Mark Mitchell, Published: October 7th, 2009 7:21 PM PDT
http://www.marketrap.com/article/view_article/91158/rolling-stone-penson-worldwide-inc-pnsn-the-mafia-and-naked-short-selling
@Paul:
The SDR basket is to be reweighted in late 2010. What is at stake is the vote in the IMF/G20 political system which is run by the bankers. The governing board of the system is a banker vote: the BIS runs the regulatory organisms. The reweighting of the sdr and the allotments are what Fisk refers to as a lesser political voice for the US. But it is interesting that European representation is already greater than US:
“Having a larger weight in the SDR does not necessarily imply a larger vote. For
example, the USD has a heavier weighting (44%) than the EUR (34%) in the SDR,
but in terms of IMF votes, the larger share goes to Eurozone (19.55%) and not to
the US (16.77%).”
https://www.dbsvresearch.com/research%5Cdbs%5Cresearch.nsf/(vwAllDocs)/F092FA127569212D482575FB000FA1DB/$FILE/sdr2009jul22.pdf
@mike/liverpool
Yeah, that pushing, fighting and rioting looked menacing.
All I saw were people sleeping and waiting for free money and some guy saying how pissed off he was.
“Most people mistakenly thought they were applying for a $3,000 stimulus bones from Obama”
The words in that report didn’t really match the pictures.
Obama is like Chaves in that he was elected on hope for these poor and downtrodden people. Then the reality sets in.
The £ will follow the dollar pretty soon. Its already lost value. The £ is easier to manipulate as it is not as widely used as the dollar.
@Paul Anderson
Good thing you keep an eye on those bees. I am very worried too.
@Mini US
Like this Chinese tough girl. Look how she put her little arms on her hip when she talks to Peter like, yeah Peter I am CNBC.
They keep on saying China holds 70% of $2 trill or somtin but they said so two months ago?
So maybe Jim Willie is right and it isn’t that much anymore but more like $400 bill or somtin.
The only manipulation that should exist is the aswiping with dollarbills that is going to take place real soon anyway!
why are everybody surprised about it? just because it made it to the controlled media? by now, everybody should know that the bildebergers planned that way decades ago. so don’t be fooled by mainstream media news, as it is designed to condition your brain only
Freemarkets -
On the pound I heard a fascinating tidbit on a Bloomberg podcast today. Apparently the US Fed has monetized about 15% of US treasury issuance this year.
Meanwhile, the Bank of England has monetized … MORE THAN 100% of Gilts!
@Adam, let’s get that fire going… winter is going to be cold I heard…
@Adam Gibson
FED has been lieing about all figures so multiply it with 2 at least and you will get closer to the truth so 2x 15%= 30%
I’m an American, and I’m poor. So when people trash the dollar, it means I lose my purchasing power. I have no gold. So what are all of the poor people supposed to do, buy gold and silver? Impossible, I’m bankrupt already. I just really think its selfish to cheer lead these financial terrorists that are killing the dollar while you’ve got your little pile of gold saying fuck everybody else.
The dollar is a medium of exchange, it will make no difference if you price oil in Euros. Wouldn’t that make the Euro appreciate? Do they really want that over there? Fisk’s make believe story is illogical. Not one country would actually benefit from this stupid idea.
The US is the worlds largest IMPORTER. WHY WOULD AN IMPORTING COUNTRY WANT A CHEAPER CURRENCY?! Japan and Europe are exporters, they should be the ones trying to weaken their currency. Duh.
when greyson asked if he could audit the feds gold and they said yes…..whos gold would they be auditing????
The head of the U.S. Federal Bureau of Investigation has stopped banking online after nearly falling for a phishing attempt. http://tinyurl.com/yblftel
@Ilya Kuryakin
Good points there about China, now the society which has killed more and oppressed more of its own people then any other society in the world has the unique opportunity to control the U.S. U.S. kills other countries that dont succumb to its power and China just kills millions of its own people.
Dean Baker: Unemployment Up, Wages Down (But the Banks Have Been Saved … Sort Of) http://bit.ly/3ICVO0
Windows 8, 9 Details Emerge, Points To 128-bit OS Versions
http://www.itproportal.com/portal/news/article/2009/10/8/windows-8-9-details-emerge-points-128-bit-os-versions/#ixzz0TLkdUAIF
Price 7,000,000 USSA$ ?
Actually, I was not really too serious about needing 128 bit .. only the WS criminals may need it for their Fiat purposes !
This is just another marketing gimmick IMO !
Richard@30N,
Good point about China & Taiwan. Why wouldn’t china just use its $2 trillion to buy every company on the Taiwan stock exchange, and buy every building they can get their hands on. They must have hundreds of Taiwan citizens who are actually PRC agents, who will lead the move to unify with the motherland….once the US gives up its military support for Taiwan
I recently read an article (poster on here) on the possibility that masses of people in the UK would go on banking runs if the system wasn’t immediately bailed out. It makes me wonder at the same time why on earth would people do that if FSCS (like the US FDIC) insures much of people savings which would in theory prevent bank runs. Was this just another excuse to pour billions into the system?
@Photoception
Your a typical example of the selfishness of the American population. I also notice this when I put an article on Prison Prison Planet Forum about the economical situation of some other country, nobody reads it. No, only me, me , me and f**cK the rest.
That’s why there are wars going on outside the US and nobody in the US gives a damn.
China has been keeping it’s currency low so you ain’t seen notin yet.
@photoception
Remember that US monetary policy is run for the benefit of the banks. By printing more money they can transfer wealth from the US middle-class to themselves.
I do agree with you about the poor. I have didley squat. I’ve been trying to learn as much as possible about economics and finance and the current situation over the last year. I know advise people I know with money what to do with it. If I had money I would have bought gold over a year ago..
It is annoying that those with ‘wealth’ sit smugly waiting for this all to happen while people like us are shafted. All I could do was move my labour. I’m trying to find work in Asia now.
None of these brains have tried to think of ways to help out those with nothing. I mean, can they not approach trade-unions and set up gold funds for people who are going to lose jobs?
There’s is and is going to be a lot of human misery out of all this. What will the satisfaction be having gold when the poor are going to mug you for food? The smugness will be long gone by then.
@Joe @Ilya Kuryakin
I was wondering why the Chinese government doesn’t spend their surplus money in setting up a good healthcare sytstem for the people? The answer could be that they don’t want to cause they want more people to die just like the NWO who uses the healthcare to kill off more people.
Photoception,
It’s simple. The reason why an importing country would want to devalue its currency is in order to devalue its debt.
As well as being a net importer, the US has the most indebted govt. in the world (in absolute terms). Inflating means inflating away the debt…
@Youri Carma – ” overpopulation ”
@Ilya Kuryakin
I was wondering where I’d seen Ilya’s Avatar before …
… is that a photo from “Torchwood” ?
Canada: Housing Starts s.a decline 4.6% to 150.1K annual rate in Sept http://tinyurl.com/yd6cx5b
@Photoception ….I feel your pain…Im supporting parents and siblings back in the states who are in the same boat.The reason I came here is that I knew 20yrs ago that the pot of gold was moving and any hope of having a profitable business let alone raising a family in a decent standard of living required it.The only answer for those on the front lines is to rise up against whats going on….join the campaign for liberty and get your community organized cause when the shit hits the fan you need the people close to you to be on the same page.
Bob Chapman The International Forecaster on the Flipside http://tinyurl.com/yaoojw2
@BlackDouglas
Good luck in finding work in Asia. Whatever you do, don’t teach English. It’s not worth the stress.
Assuming Fisk is correct, why shouldn’t these other countries switch over? The States use what huge percentage of oil (vs. other countries)? And like Steve Keen says, we’re supposed to just obediently do what Obama, Geithner and Bernanke tell us to do. Because while Obama talks about “global peace, mutual respect” and other nice soundbites, the underlying message is the usual we-are-superior garbage.
If you’re so superior, then why are you letting the banks run your economy into the ground? Why are you stupid enough to stay in Iraq and Afghanistan? I’d be very suprised if it turns out that Fisk is lying.
Hunt Brothers II ?
blox39 raises a valid point here.
.. something I mentioned earlier … how the FED (JPM) made sure the Hunt Brothers were taken down !
.
.
Commercial Failure or quick deep decline in PM’s?
The Commercial shorts hold one of the largest positions in history in Gold and Silver. This situation must be resolved.
IF history is a guide then a quick sharp decline in PM’s is in the cards. IF not, expect a dramatic melt up in PM prices IMHO as Commercial Failure would be assured, and the shorts would be scrambling to cover.
IF the Regulators had been doing their job and regulated, the Commericals would not have found themselves in this potential mess. I am sure that they are confident of a successful outcome, but IF a Soverign Fund decides to play hard ball the outcome could be less than favorable for that group….
We have front row seats to this drama and the outcome really is anyone’s guess at this juncture….AJMHO
http://www.investorvillage.com/iv2/smbd.asp?mb=144&mn=31649&pt=msg&mid=8022049
@Mini US,
“Obama is like Chaves in that he was elected on hope for these poor and downtrodden people. Then the reality sets in.”
You compare Hopey McChange to Hugo Chavez???
Last time I looked Hugo wasn’t bailing out banks and overseeing millions of foreclosures and vapourizing tens of millions of jobs.
What Chavez DID do was increase the minimum wage (Venezuela now has the highest PPP GDP in South America), decreased unemployment by half to 8% (that’s a real figure as opposed to Hopey McChange math), 100% free medical/dental/education right through university, nationalize strategic industry, reduce poverty by 80%, increase literacy to nearly 100%, redistribute land held by the elites, maintain a trade surplus of $40+ billion, maintain foreign reserves at $60+ billion, ongoing modernization of the military, gives low interest loans and bargain oil to his needy neighbours, continues to inject foreign capital by the many billions from Russia, China, Iran, Brazil, etc, in joint ventures that Venezuela is at least 51% stakeholder, and so on. He’s been pretty busy and hugely effective.
We should all be so lucky as to have a Hugo in charge.
@ Photoception
I sympathise with your situation, sorry to hear you are down on your luck.
I feel alot of people on this blog have a small amount of weath that they are desparately trying to protect. If you don’t have anything to invest then your wealth isn’t going to be stolen. If you are bankrupt and in debt then the collasping dollar will devalue your personal debt. I don’t think anyone on here wants to see poor people suffer. I think mostly we’d like to see some justice and a gold surge (dollar collasp – same thing) could really hurt the banksters.
@Phil
“I was wondering where I’d seen Ilya’s Avatar before …
… is that a photo from “Torchwood” ?”
No…another Monica Vitti pic
@nic…..well said
@Adam Gibson
Why would anybody buy US treasuries if they knew they’d be payed back in devalued dollars? Seems illogical to me. A strong dollar would encourage Asia to buy more US debt.
@Photoception:
The Plan is to increase US exports: specifically war toys and soldier boys so the Big Boys over in Basil and UK/Euroland can protect themselves from ordinary citizens who get upset about the stealing that will be going on under the guise of balancing ‘trade imbalances’ and helping ‘the poor’.
@Youri:
You get miffed about US individual’s ignorant selfishness, and I get pissed about European hypocrisy and fingerpointing. What? Who’s at fault? Looks like the win/win team has Fisk on their side shilling for the UN.
@Chris: yes in deed….China is formulating bi-lateral monetary( currency ) agreements with many countries…Malaysia, Argentina, Taiwan, etc…( &$6 billion in oil with Iran ) from my point of view it’s a stepping stone to a more massive buying spree…you are correct, by other means China is steadily divesting of US$ and treasuries….they are the key player in the SDR reformulation( with EU nations as the main % holder @ 44% and the US @ 34% ) and will be at the table whenever a restructuring is discussed….The evolution from the Maoist era to now has come by leaps and bounds and the fundamentals that have been made by the American and Britain powerhouses are(?)/were time consuming and require a thoughtful process that the Chinese more than likely have in their intelligence…whereas the American electorate still haven’t figured out that the last three presidential election cycles have all been a sham( and a command and control political structure has supplanted the constitutionally mandated right to vote and rule of a majority) …it actually goes a lot further in the past than that…Mr. Fleckenstein of Fleckenstein Capital was just on Bloomberg News and he, a bear and a “shorter”,( though he went long for the rally since December ’08) merely promoted gold, and gold mining stocks..the Robert (“Rich DAD” ) Kirysawa video where he promotes silver is also right on target…commodities are the play….even Warren Buffet sees his position in a fledgeling Insurance Co. as a NO GO…and divests…they are cooking the books and the commentators are now voicing the obvious…the economic war is more than teh speculators versus the savers it’s all of us versus the derivative based economy….and they in the end want the derivatives to survive and be made whole….as Max points out..what a croc……
For all the “poor” people out there,..here’s a few tips, the main one being,..use the old grey matter (that’s what it’s there for) and stop frikin’ moanin’!!
http://money.uk.msn.com/guides/salarycentre/article.aspx?cp-documentid=7389858
@photception
WOW how to get a response!!!
I don’t feel your pain!.. I my tiny brain can only cope with so much of my own before it is overloaded and adrenalin or something kicks in…I am not trying to sound cold…but I am poor also, and like most people survival for me and my family is the first prority!!!… Sure I can try to help , friends and the people I encounter locally… I believe most of the regulars to this site do care about the future of Planet Earth as a whole… I also feel the UK is in a similar position to that of the US…As for all the upheaval we will all experience, I accept it is something we all just have to go through for a better future!
PS. you know we don’t get much sugar on our medicine round here…unless you count Max’s new haircut…or stacy in her leather jacket!!!…IMO.
Best Wishes to you and Yours.
PPS. take no notice of youri/dedo etc picky aint the word!
@all
would like to know opinions about this, david icke on the “crisis”
http://www.youtube.com/watch?v=sIJlRiwAbaI
http://news.goldseek.com/GoldenJackass/1254464100.php
If Jim Willies is right there is much more going on than Robert Fisk suggests.
”
Numerous sustaining forces will contribute toward the inexorable path to systemic failure. It will begin with the relapse failure of the US banking system. Citigroup is facing real bankruptcy, whose numerous segments are underwater and growing worse. Bank of America is in a death spiral, whose CEO Ken Lewis departs amidst political and shareholder legal pressures. Wells Fargo is so dead that its true balance sheet makes a skeleton come to life, whose prime Option ARM and second mortgage exposure is monumental. Maybe Citigroup, BOA, and Wells will use USFed funds to acquire the entire US banking system and subject it to their brilliant acumen, leadership, and access to the corrupt money pits. Lock in those executive bonuses!”
Reuters columnist Rolfe Winkler says the current rush to buy gold isn’t a conventional inflation trade. Investors are actually trying to buy currency crisis insurance just in case the dollar becomes devalued.
Gold as currency crisis insurance Vid http://tinyurl.com/yeuzzo7
@d3do
I know you are offering good constructive help… the best you can do for anyone… but sometimes when people are being bombarded… well I’m sure you you know!!!
PS. if you are ever down on your luck may I suggest YOU go for the medical trials first.
@Super,……Don’t know about you,..but I’ve always taken sound advice,…never ignore it,…poor you!! : )
Can somebody explain to me why Mish says this is all much ado about nothing? Is he just plain Wrong? I’m sooo confused….
@Photoception I agree with a devalued dollar that would push foreign investors away. Which in the long run and short run will hurt any type of US growth. I dont see any plan by the administration to purposely devalue to dollar, they are just a bunch of morons. The US Treasury Market Bubble About To Pop? http://bit.ly/JudQ4
@Paul Anderson .. .Jim Willie
… Systemic Failure Approaches … again ?
That’s the problem with all these articles, always predicting the EOWorld in a given month or even day.
I just wish they wouldn’t use such titles …
… many people just say “Sheesh .. not again ! ”
FWIW
PS: even although he may be right this time !
@Super,….BTW,..about the med trials,…bin there done it,….got two heads and three bollocks,….so don’t tell me bout down on luck,..huh!!
(where’s the jibber jabber link)!!
gold has become the number 4 horse in Let It Ride for most people as of late and the cartel knows it.
@d3d0
See…ease back a little dedoand read my comment again, I agree with you..100%, In fact I may end up using one of your tips myself in which case I will thank you if it pays off.. but it can be too easy being picky when people are down…that is all.
Dedo don’t be such an asshole…do you know his position, his situation?
Guys like you are a dime a dozen..always with the judgment calls.
@Dante,….yeah,…..you’re right of course,.as always,…yawn!!
@gb .. Icke + AJ
Great analogy with the guys chasing each other and finally run over the cliff …. “still running” …. and then suddenly look down !
re being poor/broke (or not):
Learn Chinese, specifically Mandarin. It will be very useful in the near future.
I suggest the Michel Thomas method – you can download it via torrent.
@Ilya Kuryakin,……..more sound advice,……cheers!!
@Super,…..watch and learn,….watch and….: )
That’s what I figured…an impotent response! Just like your commentary.
@Phil,…….Re: learnin’ Mandarin,….you reckon it can be done in six monat,..with the right mindset?
Last week, many of the aboriginal people in the remote west coast village of Ahousaht were innoculated with the tamiflu vaccine. Today, over a hundred of them are sick, and the sickness is spreading.
The Mask Slips, for Those with Eyes to See: Preparing for the Real Pandemic http://tinyurl.com/ndfxcx
@Dante,……; )
For my 2 cents:
- 66% of Central Bank reserve assets are still denominated in USD.
- USD denominated credit markets are still by far the deepest in the world.
- The process of supplanting the global reserve currency is likely to be more gradual than sudden, insofar as the process is constrained to reflect international currency and trade flows. Yes there are massive structural imbalances, but without changing these imbalances (not something that can be accomplished overnight), “dumping” the dollar doesn’t seem a plausible scenario. Besides, the current “green shoots” rally/recovery is only further exacerbating these imbalances.
- Ironically, it seems only a chronically strong USD could act as a catalyst for rebalancing global trade, and ultimately moving beyond the USD hegemony. In the context of the current debt burden, a strong dollar would signal that the debt bubble was finally in a process of deflating. Insofar as this implies severe austerity for the US consumer, it would also force producers around the world to look elsewhere to sell their products and in this way begin to change global trade flows.
- In theory, there is nothing stopping Central Banks from diversifying their assets away from USD’s (a.k.a. the “nuclear” option). But again, it seems such a move is unlikely not only because of the inconceivable panic this would imply, but simply because such a move would not be reflective of “reality” … yet. As long as such a move does not reflect the underlying currency and trade flows, it seems the supply shock such a move implies would prevent any foreign Central Bank from enacting such a move, at least in any decisive manner.
- Finally, it seems to me, the only true black swan out there is a collapse in the global fiat system. Richard Karn makes a good point I think when he notes that all fiat currencies around the world are essentially derivatives of the USD (Cf. Credit and Credibility http://www.financialsense.com/fsu/editorials/karn/2009/0715.html ). If the USD goes down, they all go down!
@Youri
That article is wrong Tamiflu is not a vaccine..However I agree with the sentiment re flushot
@Youri
Dutch unions protest raising legal retirement age to 67
http://www.earthtimes.org/articles/show/289082,dutch-unions-protest-raising-legal-retirement-age-to-67.html
Students protest in Ireland. Students asked to “pay for the bankers, developers, builders and their lavish expense accounts . . .”
U.S. Marines and Army set up base in Uganda. Troops arrive in Kitgum District for exercise with troops from Kenya, Tanzania, Rwanda, and Burundi. (Kick the Chinese out of Africa)
http://www.monitor.co.ug/artman/publish/news/US_army_sets_base_in_Kitgum_District_92600.shtml
Code Pink re-thinking its opposition to U.S. troop presence in Afghanistan. Just like MoveOn.org, follow Code Pink’s funders — and voila: George Soros and his gang.
http://latimesblogs.latimes.com/washington/2009/10/code-pink-fearful-of-setbacks-for-women-rethinks-call-for-us-troops-to-withdraw-from-afghanistan.html
http://www.irishexaminer.com/world/students-protest-extra-conferring-charge-102854.html
@d3do
dedo…you know you can’t learn from anything that is too easy!!!
PS. I’m not a big Spike Lee fan but I always liked this scene of his the best!!!
http://www.youtube.com/watch?v=FebGrU0i3V8
Students protest in Ireland. Students asked to “pay for the bankers, developers, builders and their lavish expense accounts . . .”
http://www.irishexaminer.com/world/students-protest-extra-conferring-charge-102854.html
Gold bounced movin up again 1051.70, oil movin up 71.35
@Super,……LOL,…
“People will die because of the BBC decision” – Tony Benn http://tinyurl.com/ye7xqr5
“Let It Ride”
sorry i meant the 2 horse…..
http://www.youtube.com/watch?v=YUuFVVG0q-4
Yu Sheng crowned Miss China,
http://news.xinhuanet.com/english/2009-10/07/content_12191692.htm
nice
@Photoception
Like you, I am not rich. I am in debt, and the reality is, you can still take some measures to protect yourself in these days and times.
I hope at this point you’ve made some relationships with neighbors or close friends whereby you’ve made provisions like a co-op garden or food storage.
Beyond that, all you can do is be the change you wish to see; inform everyone who seems smart enough to understand what is going on and create alliances so that when the going gets bad, you’re a resource or at the very least, you’ve got a list of people to refer to for assistance.
Best of luck.
@Paul Anderson
It Bees That Way…
Great link…I remember when i read ‘the mayan prohecies’ a few years ago..I didn’t understand all of it, not being that good at maths… but the book did make a really strong impression on me and I found it really,really interesting!!!
frikkin’ pickin’ right…where was I…oh yeah
@ Ilya…yeah nice….
Makes sense that people would sh!t on each other a bit seeing as how most of us feel that forces beyond our control are sh!tting on us all as a collective. At the same time, I’d like to think that everybody here is decent enough in real life to know that it makes more sense to offer our fellows a hand up rather than a shove down.
Re: the dollar, the best we can hope is that the transition is somewhat orderly.
they are all fit and fine actually
@all
I didn’t mean to complain about my situation, I’m just frustrated, there’s no good jobs here since before Bear Stearns blew up.
And I should have known better to knock gold ’round here. But I want the dollar to go up so I can afford to actually fill my gas tank once this year.
Somali pirates attack French military flagship
http://news.yahoo.com/s/afp/20091007/wl_africa_afp/somaliapiracyshippingfrance_20091007151820
@Mep,…I hope you realize the only person who’s bin derogatory so far,…is Dante,.and he isn’t aware of it (bless)
Dedo..I thought it was a pretty contained comment…directed toward someone that felt good about beating another that was downtrodden…just like the elitists everywhere…btw, dedo did you lose your finger?
AdamGibson:
Do you have the link for that Bloomberg podcast?
@Dante,..; )
@Photoception – You have nothing to apologize for. I’ve never been able to earn much more than poverty wages, myself, because all of the jobs I’ve had were in human services, and society doesn’t value that. If not for my fiance, I’d be in a very bad way despite my frugality and the fact that I only hold student loan debt. I hope that something turns up for you.
@Youri:
The teenager you linked, Rolf Winkler, said this:
“No one can really envision a replacement for the dollar right now…I can’t either.”
bollocks
@Dedo …”Re: learnin’ Mandarin,….you reckon it can be done in six monat,..with the right mindset?”
Well, maybe enough time for the 4,000 letter alphabet !
@Youri: “No one can really envision a replacement for the dollar right now…I can’t either.”
@frances snoot .. “bollocks”
Think “digital” !
@Y’all
Looks like comex tried to short gold to oblivion and failed. Only way is up now.
Manhattan rents expected to drop further: report http://link.reuters.com/xur62f
Impressive military display for China’s 60th,
http://news.xinhuanet.com/english/2009-10/01/content_12146977.htm
Save pictures 8, 10, and 14 and mail them to the White House: those are what Iran will use to sink the Empire’s entire 5th carrier fleet if Hopey McChange chooses to attack.
@photo
I didn’t mean to imply you were ‘down’ either It was a typo, the comments were coming so thick and fast… I couldn’t keep up..I burnt my finger!!!
@y’all
I’m gonna pick open something now… For somebody obviously very learned…I think jim is one of the weirdest, dumbest posters..on this site just in front of me of course, but look how his wigged out ramblings have actually been responsible for SOME of the most hilarious and thought provoking exchanges… he along with others seemed to inspire frances, dedo and others to another level…not that I think they need help… but go figure… I’d miss the people that post here me included that obviously really know how annoy people!!!…Go Jihim…Go Mihike (all mikes)… Go Dedo…Go Meheh!!!
Re: the dollar, the best we can hope is that the transition is somewhat orderly.
ARRRRGHH. Mep, you don’t get it! If the transition is orderly then the forces will proceed with slavery and genocide. The Ones in charge of the ‘transition’ are the Ones who have always funded chaos and death.
Collective guilt to cover the sins of the few has been their modus operandi for centuries. Scapegoat Americans, Goldman Sachs, capitalism, right-wing nuts, neocons, etc….no need for the paradigm anymore. Let’s go with a new mythology!
The time is past now almost and yet we “hope” for an orderly transition? Shall we queue for hell now?
@Frances,…….Like I said Frances,…..your posts are the most informative!! (LOUD APPLAUSE)
if Hopey McChange chooses to attack.
Good God, Ilya. You do give the man some personal agency. What an imagination you have! He is a prop: did’t you notice his limbs and head are attached to strings?
He’s been busy blowing love bubble at the UN.
@Dedo:
Gee. Golly.
@frances
Life… paradox after paradox… the need for chaos, death…and rebirth… seems to be hard hard wired into our whole existence… and though most of us understand or accept it.. sometime we all just want a rest from it… aahh the security of a nice warm dim lit room!!!
For All The Regulars Me Included.
http://www.youtube.com/watch?v=Usuu-xu75dI
@Dedo:
It seems to me everyone should be most worried about the US future ability to export war: instead of a spiralling debt load and high interest rates, the route seems to be a devaluation of the dollar through IMF manipulation of sdrs. IMF has already indicated a dollar devalution and the US as an export country should be pursued. We’d be like happy happy China of the Ilya persuasion; but instead of car bobble heads we’d send some large arms and taser guns to keep the world citizens in line for the elite. Fun times are coming.
My original name for him was Bobblehead…then some prick went stole my idea,
http://topnews.in/files/Barack-Obama-Bobblehead.jpg
“He is a prop: did’t you notice his limbs and head are attached to strings?”
Of course! The “Hopey McChange” is my way pissing on the Limousine Liberal sycophants, like those douchebags at HuffPo, who actually admire and believe in this fucking robot.
Gold breakin out 1060.30
@Phil
Well he’s got a point there but there are a lot of other ways to trade. I’ve asked this question many times which no economic seems to be able to answer: “How much trade is done by just exchanging goods?” I remember from years ago when there still where some good economics around this number was huge.
But this kind of trade can only be done if you have something tangible to offer in return. So maybe the fiat currencies get boycoted all cause countries only want to trade in real value tangible stuff like food and other commedities and gold of cause.
Apoligize for taking it out on the poor guy cause I am poor myself too but just couldn’t stand this inward vision anymore but the US is not the only one. I think the Netherlands is an exception on a lot of countries always having their view more outside cause of it’s size and trade position.
Chiaobama
https://www.chiaobama.com/flare/next
@Ilya:
LOL. Your latest avantar is the best. I like her gaze into the heavens: brings divinity to your message. Is she your muse?
Or maybe she just getting poked from behind….
@frances
“It seems to me everyone should be most worried about the US future ability to export war”
Exactly my point! That’s why the Empire needs to be smashed into a thousand pieces. Forthwith.
Spare me, oh Ilya! Oh Great One! Save my dwelling place and my progeny to walk freely upon thy soil, Oh Enumerator of Justice!
@d3do@frances
yeah, yeah…mutual masturbation…we get the pitcher… if max and stacy are bonnie and clyde who does that make us???(those not acting like uncle)
WARNING BRACE YOURSELVES FOR BIG NEWS!
http://www.youtube.com/watch?v=7bfHsOPxSBE
Muse..yes.
This reminds me of you guys circling like vultures around the last ounce of gold on earth…
http://www.youtube.com/watch?v=nOex4LOpsiQ
Okay, Supergeek, we get the Big Picture. Is Ilya the Riddler?
Saudi Prince Tells U.S.: Dump Citigroup Stock, Now http://tinyurl.com/ycgw856
@frances
re:the riddler…oops that was meant to be a PS.
I get first dibs on the riddler as it was my fantasy… I just used to love it when he kissed his own hands…just loved himself so much…TV heaven!!!
Christopher Whalen on the death of the real economy:
http://www.huffingtonpost.com/2009/10/08/christopher-whalen-the-re_n_313820.html
The United Network Command for Law Enforcement commands you to buy gold and silver in order to destroy the Technological Hierarchy for the Removal of Undesirables and the Subjugation of Humanity
http://www.youtube.com/watch?v=3NiIHtbvpLM&feature=PlayList&p=01E54823833A913D&index=0
@Ilya Kuryakin,…..I don’t get the connection with a town full of homosexuals ? !!
(where do you dig em’ up from)
Actually Chavez and Obama live in completely different worlds. Obama lives in the Right wing controlled Matrix environment of the US. Chavez at least has the support of a large portion of a population that can think for themselves.
Have you people been to Venezuela lately?
The lawlessness, especially juvenile delinquent crime has gone crazy.
The countries infrastructure has been deteriorating for the last 10 years. I mean roads, power, communications, etc.
Sometimes there is no food on the shelves in the supermarkets.
Less and less people have jobs, if you open don’t support ChaveZ its near impossible.
I am not talking about government figures, I am talking about going there and talking to the people and seeing it for myself.
The lefties in Australia think he’s great because he sticks it up the Amercians and to some extent this must be applauded, but not to the detriment of his own people.
But he is doing nothing for his people. Nothing.
He is a corrupt self proclaimed dictator who rigs votes with US style voting machines. He imported and paid Colombians just to vote for him, then sent them back.
It is like Cuba. A Venezuelan cannot take their own money out of the country. My wife lost thousands because the bank confiscated her credit card and now she lives here she cannot redeem it.
I could go on but it would be jibber jabber and I am just trying to explain how the saviour of the people turned out.
Before the drop in the oil price last year Chaves was making the most money Venezuela has ever made from oil in its history.
Where is that money?
He is a Communist Oligarch and no different to all the rest.
The venezuelan people voted for Chavez for the smae reason the US people voted for Obama. They wanted change, they wanted hope and they wanted someone to lead them to the promised land.
These sheeple want someone to come along and SAVE them and sort out their problems. They are too lazy and stupid to take responsibility to do it themselves.
Chavez thinks he is the new Simon Bolivar, the saviour of the whole of South America. He wants to be the ruler of a South American block. He is a megolamaniac.
What people in both countries are getting is disappointment.
I, like most of you, are bitterly disappointed in the US government and the wests greed and mismanagement and we all feel ripped off.
Well wait until China and Russia are in charge and people like Chavez have more power. We will all be praying for the return of Obama and Bernanke.
Sorry for the rant, but as I have said before, be careful what you wish for with your gold stash and champagne socialism.
@mini us
I am not criticising your comments, I enjoyed reading them.. but what I have been picking from the general comments is countries like china seem more comfortable or able to get away with suppressing their own population…whereas america and countries like them favour oppressing people abroad…we really need less oppression…and more balance!!!
sorry if I’m just stating the obvious.
@Mini US
“Have you people been to Venezuela lately?”
Um, yeah, and the place I saw in no way resembles your comments. Just about everything you stated is Bullshit.
Fuck it. I’m not even gonna bother. Be happy in your fascist Oz.
@Ilya Kuryakin
Happy to listen to you.
Where did you go and what did you see?
This seems an apt quote re: Obama Nobel Peace Prize.
“The imaginary seemed so real
And the world outside became like a dream.” – Adam Curtis
… actually, that quote would apply to many of the absurd shenanigans going on around us, but really, this Obama thing has got to take the cake on “WTF” scale!
fisk could possibly be a financial terrorist for the british. the british seem to have a lot of connections to the mistakes the us government have made.
I feel the need to respond to “Mini US” regarding Venezuela.
The first think you have to understand when you try to understand venezuela is the class divide: 70% of the population lives or lived until very recently under the poverty line. THATS EXACTLY why Chavez was elected in 1998.
Mini US comments are those of the privileged 10% – 15% Middle to upper class who are mostly white, many speak english, have houses in Miami since the 1970′s (Mainly in a Neighborhood Called Weston, but better known as Westonzuela). They can afford to travel to the US; have optimal medical care and education, UNLIKE 70% of the venezuelan population. It might surprise the average american that the average venezuelan middle class has a Maid, or two, and some even a chauffeur.
A little history is in order:
In the 70´s, our currency was in par with the dollar, and was valued more than many european currencies. By 1983 we had a Black Friday: our currency was devaluated. Our middle class shrinked from 70% to today´s 10-15%. We had a riot in 1989. The president had to resign, after surviving a coup attempt. (By Chavez, in 1992. That coup had an approval rating of around 80%). Many middle classes left the country, while poor ppl found it impossible to become middle class themselves.
Many upper/Middle class venezuelan have either Spanish, italian, portuguese, german or US passports, so they can, and have, left the country en masse, because of Chavez´s “Communism”. These middle classes are educated professionals, some have their education paid for by the Gov´t. They graduate and migrate, so the US and Europe benefit from this Brain Drain. The poor classes, mainly of african or indian descent, have NO foreign passport to reclaim.
Now, to answer Mr “Mini US”:
I do live in Venezuela. I belong to the “privileged” Middle class. I do have a foreign passport, and I speak english as you can see. Yet, I say Chavez is right.
Juvenile delinquency has been roughly the same since the 1970´s. It is a by product of poverty, and it affects mainly the middle class, as only ppl with money is subject to robbery. The way to stop this is thru education, which has grown threefold since chavez came to power, thru the “Misiones”. The Middle class laugh at the missions. The poor doesn´t.
No food on the shelves: This is a way to speculate with food that the big food producers have against chavez, so he gets the blame. Theres full respect for private property and enterrpise here, so they do what they want. The Gov´t combats this thru Missions MERCAL and PDVAL, who sells food well below the cost.
We have more jobs than in the US and Europe, that´s for sure.
Doing nothing for the people? when was the last time you went to a shanty town? you can find educative missions, food, cuban doctors who provide free medical care, he has founded univrsities, medical centers…the list goes on and on. Of course, these services are for the poor, not the middle class.
There´s no need to rig elections. Just search for Hinterlaces or Datanalisis,or Luis Vicente León, avowed opposition survey services, who give chavez between 55% and 60% of the electorate. On the contrary, opposition leaders have no more than 4% of votes.
Yes, you cannot take your money easily and freely as before. Why? because of the massive capital transfers the middle class did to the exterior, that hemorrage had to be stopped somehow.
Where´s the money oil? I already told you: in the Misiones.
Chavez is indeed different. If he were the same, he woulda been super pals with George W. Bush. He could have left power 5 years ago and live comfortably in miami. But he hasn´t.
When you call people lazy and stupid, obviously you´re a bigot.