Stacy Summary: This is really beyond the point of something to get angry about. Clearly, it is a system that enough Americans tolerate because it is a system in which so many Americans think they can be Timmy’s friend one day. It’s called the American Dream but it sounds like those crazy fantasists that believe they have a close relationship with celebrities. And Timmy’s wishful thinking peasant defenders are like deranged Michael Jackson fans.
Some of Treasury Secretary Timothy Geithner’s closest aides, none of whom faced Senate confirmation, earned millions of dollars a year working for Goldman Sachs Group Inc., Citigroup Inc. and other Wall Street firms, according to financial disclosure forms.
The advisers include Gene Sperling, who last year took in $887,727 from Goldman Sachs and $158,000 for speeches mostly to financial companies, including the firm run by accused Ponzi scheme mastermind R. Allen Stanford. Another top aide, Lee Sachs, reported more than $3 million in salary and partnership income from Mariner Investment Group, a New York hedge fund.
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Stacy,
Admitedly, this is pretty strange; however since October 25th is so close. It’s worth watching at least once.
Urgent Web Bot Update – Late October Global Meltdown
I was just send a PM alerting me to the latest Web Bot development.
Check it out:
http://www.youtube.com/watch?v=CF-H4aoN5LA&feature=related
http://www.youtube.com/watch?v=PSL9NLXWVkE doing burnouts and burning up extra energy , some local hoodlums West Belfast.
For those who like quotes,..
The most useful piece of learning for the uses of life is to unlearn what is untrue. ANTISTHENES (444-
365 BC).
http://www.overalltech.net/pub/Quotations-Propaganda.pdf
Here come the shorters!
Pullback in Gold and Silver.
Although every time I post this it reverses straight away
@ larry – I’ve been noticing the shrinking packages for months now. My reaction is to switch products or fight back by making my own food. I’ve been making my own salsas, pasta sauces, and pizzas. Next, I’m going to start making my own bread–not because of a product downsizing or because of the cost, but because I can… I have a bread machine and a lot of great recipes.
@ youri ,.. public transport was privatised here also ,but the wheels have already started to fall off .
@youri ,…….you certainly know your public transport !. special prize for the bus guessing competition for anyone who can name 6 buses shown in the bus video in next 10 minutes . prize is a night out for two, fully paid dinner for two at a chinese restaurant of your choice in Hobart , Tasmania . [prize is not transferable , contestant pays own airfare / accommodation ,conditions apply ]
America For Sale DR Jerome Corsi on Sean Hannity http://icio.us/ftbpkd
http://www.youtube.com/watch?v=30wsqtiBrVw this video is a good example of product resizing that is happening across a broad range of products at our supermarkets. in this particular case it is bar of what was Cadbury 250 gram bar of delicious chocolate resized and sold for the same price but minus 50 grams of chocolate . that is a 25 % downsizing for the same price . watch as how Cabury Chocolates works their magic to achieve this slight of hand without us even noticing . luckily the person who made this video had the foresight to keep earlier product wrapping and packaging so as to be able to make a truely meaningful comparison. ever get the feeling that we are being ripped off ? that is because we are.in this case every 4 or 5 bars of chocolate you buy we are , being ripped off an extra $4.50. shame cadburys ! shame !
US Foreclosures Continued to Rise in 3rd Qtr. Nearly 1 MILLION properties in the US received foreclosure fillings http://bit.ly/380dNj
EADS Chief Challenges Gloomy Industry Forecast http://bit.ly/2m0hfS
More Americans Falling Further Behind On Debts http://bit.ly/2OwSW6
Data: Afghan War Costs US $3.6 Billion Per Month http://tinyurl.com/yj57al9
Bleak U.S. job market boosts military recruitment http://link.reuters.com/puq63f
Mortgage Mod Plan: Burning down the House – Who wouldn”t? http://tinyurl.com/yf9sffl
Fed Officials Question Expansion’s Durability, Discuss More Aid http://tinyurl.com/yzjpnd5
Feds to keep interest rates low for “an extended period.” The Fed has made the purchase of securities a leading monetary policy tool.
Some Federal Open Market Committee members argued that expanding their purchases above $1.25 trillion might help to “reduce economic slack more quickly,”
Central bankers in last month’s meeting raised their economic projections based on improved housing markets, stabilizing consumer spending and a recovery in growth OUTSIDE THE U.S., the minutes said.
The U.S. central bank is the largest buyer of securitized mortgages issued by Fannie Mae and Freddie Mac, purchasing 79.5 percent of new issuance in August, according to the Mortgage Bankers Association.
The Fed is also buying $200 billion of housing agency debt.
Treasuries fell and the Dollar Index slid to the lowest level since August 2008.
It will be some time before the banking industry will “fully recover and serve as a source of strength for the real economy.”
GOTCHA! – AHA! SO NOW ITS NOT SERVING AS A SOURCE OF STRENGTH FOR THE REAL ECONOMY. FUNNY THAT THEY ALSO USE THE WORD “REAL ECONOMY”
Stock Market Bull Trap Heading for a 50% Crash to 5,000 http://tinyurl.com/yj68ycp
Happy Days Ahead With The Dow At 10,000! http://jsmineset.com/
@larry
Goddamn! we not only got ourselves Two black swans here but there are three in the making……..Oef! That sounds like the US of A.
http://www.youtube.com/watch?v=5SgYEwiYoyk
Buy #Commodity #ETFs and Indexes Food Crisis Looms Jim Rogers http://bit.ly/21rbZR
@larry
I think they call it the summum of Neo-Liberalism that’s to make it more expensive. Every bus is privitized and has it’s own compagny CEO with Mercedes and Chauffeur etc..
Why do you think that the public transport is so expensive otherwise.
http://www.youtube.com/watch?v=KJ3E2rllyYM while we are all waiting for the markets to crash , here is a video of various buses , how many of these buses can you name ?
@Dante
What a BS Smug this van Praag!
“In a world that seems to have turned upside down, where virtues are viewed as vices,” said Mr. van Praag, “it is important we explain our business model to a wider audience, why what we do matters and why and how we pay our people”
Indeed the world has turned upside down, where Gangsters Paradise is called Goldman Sachs ahahahaha! What a smuggy criminal!
@frances snoot
Good follow up
Nighty night….
http://www.runtogold.com/images/silver-cftc-appreciation-medallion-front.jpg
looks like they have programed the Dow for an almost 50 % re tracement 10,400 or near enough from march lows before they bring it down ?
http://www.youtube.com/watch?v=EGzHBtoVvpc i thought wal mart was the name of my sisters new boyfriend ,then i found out that he was a department store , ‘the difussion of wal mart , economics of density. ‘
http://www.dw-world.de/image/0,,2967749_1,00.jpg musn’t forget these guys either ,african refugees left to cling to a fishing net at sea for three days because passing ships did not want to save them .
Cracks Show In Fed’s Unified Front http://tinyurl.com/yh2jh5b
Protect your wealth by saving nickles! Trace Mayer reports that the metal content of a nickel is now worth 93% of the nickel’s face value. Added bonus that you don’t have to pay fabrication fee.
http://www.runtogold.com/2009/10/the-case-for-withdrawing-nickels/
http://media.nowpublic.net/images//8e/0/8e09bc41933eb4ba14a416c1dcb41f24.jpg from ‘ surf city’ to ‘ serf city’ , cann’t help but feel deeply for these guys ! ,more from the archaeology of the present moment presentation ,thankyou http://www.ci.huntington-beach.ca.us/images/surfcity_nights_flyerm.jpg
For those of us that are in the US:
You can check the soundness of your bank here:
http://www.bankrate.com/rates/safe-sound/bank-ratings-search.aspx?t=cb
I just found out my bank has a rating of 2 stars out of 5. Uhoh!
Data: Afghan War Costs US $3.6 Billion Per Month #economy http://bit.ly/29PLoi
@Phil
Ooops, sorry. I am so busy at the mo I just been skimming.
Australian Bank starts cutting fees(that have been way too high for way too long). Why don’t I trust them?
http://www.smh.com.au/business/banks-bidding-for-your-money-20091015-gybt.html
http://www.youtube.com/watch?v=9BFux2AAMso a lesson for all of us . story of ‘oceania ‘ cruise linner that sank after the captain and crew abandonded ship to leave several hundred passengers, many of them elderly to rescue themselves. as usual it was up to the ships band to improvise the rescue, luckily they had a guitarist on board [ well done kiwis ! ] i am sure that we all get the sinking feeling that the same thing is happening with our economy .
Finland Becomes First Country To Declare Broadband Access A Legal Right – http://tinyurl.com/ygpbtyl
New Rivals Pose Threat to New York Stock Exchange #economy http://bit.ly/3CoImE
http://www.youtube.com/watch?v=5SgYEwiYoyk good morning friends
The minutes also show that the Fed viewed the decline in Treasury yields as “PUZZLING” given the improved economic outlook. Fed staff economists raised their forecast for the second half and projected that growth would strengthen further in 2010 and in 2011. They “forecast core inflation to slow somewhat further over the next two years from the pace of the first half of 2009.” They thought unemployment would be about 9.25 per cent at the end of 2010 and about 8 per cent at the end of 2011.
The minutes show that many Fed policymakers also raised their growth forecasts. But many still expected the recovery to be “quite restrained” – in part, because credit “remained difficult to obtain and costly”.
They also “expressed considerable uncertainty about the likely strength of the upturn” once government supports were withdrawn.
OEPS! “The minutes also show that the Fed viewed the decline in Treasury yields as “PUZZLING””
From: Dollar hit on Fed’s signal of low rates http://bit.ly/4klaGv
And do they know how to drain………..
How the Servant Became a Predator: Finance’s Five Fatal Flaws
What exactly is the function of the financial sector in our society? Simply this: Its sole function is supplying capital efficiently to aid the real economy. The financial sector is a tool to help those that make real tools, not an end in itself. But five fatal flaws in the financial sector’s current structure have created a monster that drains the real economy, promotes fraud and corruption, threatens democracy, and causes recurrent, intensifying crises.
http://www.newdeal20.org/?p=5330
Dollar hit on Fed’s signal of low rates http://bit.ly/4klaGv
IT SEEMS WE ALL MISUNDERSTAND…
Goldman’s Soft Sell: Its Warm, Fuzzy Side
Goldman spokesman Lucas van Praag said the charm offensive is a necessary response to supercharged rhetoric and exaggerations that have swirled around the 140-year-old company since the financial crisis erupted.
“In a world that seems to have turned upside down, where virtues are viewed as vices,” said Mr. van Praag, “it is important we explain our business model to a wider audience, why what we do matters and why and how we pay our people
http://tinyurl.com/ylf9yqv
US Dollar Crashes Through Major Support Level http://tinyurl.com/yzadn9u
Hysterical story:
http://www.comcast.net/articles/news-general/20091014/US.ODD.Coat.Store.Riot/
Woman causes riot when she says she won the lottery and she will pay for everyone’s purchases.
Pa! When you gettin ready to say Goodnite?
Nite Ma. Nite Stella. Nite Youri. Nite WL. Nite Stacy. Nite Max. Nite Phil. Nite Dante. Nite Alister.
Do be Jesus! That dang turnado done gone chasing after SuperGeek. Did y’all see him fly runnin? Looked right like somethin from Oz!
“In fact the dollar was a world currency cause you could use it around the globe but having the “printing rights” held by one now very criminal country was a big mistake so somtin more democratic has to replace this in which the emerging countries like china, India and Brazil for instance have a bigger hand which also quaranties the checks and balances now totaly gone in the U.S.”
http://www.twnside.org.sg/title2/finance/2009/twninfofinance20090407.htm
Another recommendation that has received a lot of attention is the creation of a new global system of international reserves. It may be a new concept for some, but the economist Keynes had argued for this 75 years ago. His hoped at the Bretton Woods meeting in 1944 that the IMF would be able to serve as this global reserve system. Keynes failed to achieve his proposal because of a veto from the United States.
The time has now come to revisit Keynes’ original idea. Stiglitz said that it is in the interest of all countries to create such a reserve system. Global instability hurts all countries, and the accumulation of large reserves around the world also hurts all countries.
Stiglitz stressed that the institutional mechanisms and design of the proposed global reserve system need to be pursued in a manner that is non-inflationary and that will enhance global stability. The transition to this system can be done in a way that both maintains and enhances the durability and strength of the global financial system. It can be done either from a top-down or bottom-up approach.
Stiglitz also re-emphasised the proposal of creating a global economic coordination council within the UN. The IMF does not possess any accountability other than to the central banks of their member countries. So, the accountability structure of a new economic coordination council needs to be aligned with environmental issues and a host of other aspects in the global community. It is also important that gaps are identified in the global economic and financial architecture toward managing cross-border flows and achieving sovereign debt restructuring.
@frances snoot “hows of the transition?”
This can only be done if countries decide to use the SDR as trading currency and that all depends on trust. In a way the US is forcing everybody to get out of the dollar and distrust it with their dollar depreciation policy which seems to be intentional. But this won’t automaticaly mean that everybody is going to trust the SDR since a declining dollar is part of it.
In fact the weaker currencies benefit from a currency basket which the SDR is. Look at the Euro for instance in which the very weak brothers like Italy and Spain for instance still are holding a relative strong currency cause it’s held up by the much stronger brothers like Germany and some other Northern European countries. So the weaker brothers benifit the most from the Euro.
This lesson can be put on the Amero if we imagine that such currency would see the daylight at all. The dollar would bring down the much stronger currencies and the U.S. would benifit the most as the currency gets weaker and weaker.
On the other hand countries trading with Italy or Spain have less risk of ending with a worthless currency since it’s value is held up by the stronger economical countries.
I think the SDR in as it is now won’t get very far on the other hand there is a need for a stable trustable trading world currency. But the desicion making of how much to print of this currency and if this should be whitin or outside the FIAT system is still questionable.
In fact the dollar was a world currency cause you could use it around the globe but having the “printing rights” held by one now very criminal country was a big mistake so somtin more democratic has to replace this in which the emerging countries like china, India and Brazil for instance have a bigger hand which also quaranties the checks and balances now totaly gone in the U.S.
You can’t force countries by war into a world currency only by gaining trust in that you realy can offer a future. The old Machiavellian policy of the U.S. can’t bring that future and in fact they shoot themselves in the foot if they have any ambition on a global scale.
Jumping Geehozaphat! Ma! Look, a turnado is driving right up our’n trailer!
Stella, now how many times I told you to keep your little candle burnin fer baby Jesus? This little here light of mine gonna shine fer baby Jesus!
Ma! Pa done lost Grannie’s teeth! We gotta air-up the hummer and skeedaddle without ‘em.
Stella, now how many times I told you that gold is the Lord’s right-ee-ous money. WE’s got our days numbered in the heavn’ly choir!
Ma, Stella! Lookee here! Grannie’s teeth done put theirselves rightinmy oveealls pocket! Let’s run, now, fer the hills!
Good Geeum, Pa! Good glory, Gold’s gonna see us through! YEEHAW!
@alister
Yes, the end game carbon credit backed SDRs, but they too are created out of thin air, another inflation creating mechanism
ppl r speaking about sdrs…won’t the next global currency planned to be carbon credits?
Burp
Arriana huffing and puffing again:
http://www.huffingtonpost.com/arianna-huffington/why-joe-biden-should-resi_b_320929.html
Snoots into the homebrew again
Stella! Where’d y’all puts Grannie’s teeth? Shoot ner tarnation: gold’s done hit the roof!
Pa, I’m fixen to wait for the dollur to come down a spell. Dollur is slapped on to the gold price just like lassus to my cornbread, less of one is more t’other.
Shoot no wonder then. Saw Bernhankee all bowed-up on the tv last night. Like the carnival, ain’t it? Dollur gonna hit the ground hard and shoot gold to the moon!
Do be Jesus! We’z gonna have it made, Pa! Ma can have that surgurey on her goiter now! Reckon she can swaller soon. We’ll be rich right next to Sunday!
frances, you have it all backwards…
Gold is the baseline, all fiats/SDRs must be priced in gold terms for any analysis. It is a distraction to compare fiat/SDRs to each other. I do not expect gold to become an official reserve or part of reserve amalgamation, though it might. It is the reserve in a defacto sense. I have invested heavily in gold as a hedge against global fiat debasement, it is really that simple, though they are debasing at different rates. An SDR will debase as any other fiat.
Flip it around, the gold value is constant, the fiats change value.
@Dante:
To me it is obvious that there are people ‘in the know’ about what will occur before, during, and after the collapse. The whole carbon credit legislation now pending in the Senate is an example of greedy corporate pigs paying feckless men to lobby for their rights at the trough of human suffering.
sickening
@Dante:
I guess speculative would me one believes there will be a viable currency left to price the gold in terms thereof.
SDR hegemony will mean the fat cats decide what value to place on commodities including human life.
@WL:
Thanks!
The car that uses urine to save the planet
http://www.theage.com.au/drive/motor-news/the-car-that-uses-urine-to-save-the-planet-20091014-gwiy.html
Youri:
I don’t think the sdr is meant to function like a currency as much as a credit for drawing rights. It ties everything to one bank, IMF, and you are right to claim this is an American entity. Success is the elimination of tangible currency and the consolidation of power in the hands of the AngloDutch masters who are presently operating out of Centcom. Bloggers were asking how to purchase the sdr on the Market Ticker. The point is you can’t unless you are a member of the bank or represent sovereign wealth funds: the funds are being offered the option to buy sdr-denominated financial instruments. The currencies will become superfluous to state and corporate hegemony. The sdr is meant to be a vehicle for a controlled disintegration of nation-states and currencies.
Being that I don’t have a background in economics, I am stymied about the hows of the transition. I’m sure you and Phil would understand it that was why I asked you (didn’t mean to be snotty about it)…
Risk will be priced out of most investors reach: risk management will drive the regulatory machinery. Prices will go all popcorn.
How does China sort in is not my guess. Internal chaos for one will stay China’s hand. North Korea has yet to align their policy on nuclear ambitions to the UN resolutions.
IMHO the Stiglitz ideas coming out of the UN economic think-tank will hold a lot of sway in the future ordering.
Yeah Dante, It’s risky speculation that news coverage might provide some shred of insights into the truth that won’t be offset by either misinformation that slips past one’s defenses or misdirection. You won’t hear them say that holding US dollars is a risky speculative position.
I think they’re simply saying what their bosses want them to. I haven’t bothered unraveling the connections between say, Goldman Sachs and General Electric News. It’s obvious enough who is pulling the strings.
SDRs are an inflation creation mechanism backed by other toxic currencies.
Vampire/Zombie ‘Banks’
(Prompted by watching ABC TV nightly news 6:30pm EDT praising US banks)
When I was young (in the 50s) I loved vampire movies.
Especially Béla Lugosi as Dracula.
http://www.siue.edu/~ejoy/bela_lugosi_aka_dracula__15.jpg
In the past year, many USA/UK/EU financial institutions died (went bankrupt), and should have been buried.
Instead, they have been brought back from the dead, so they can continue to prey upon the very citizens who rescued them,
@frances snoot
You realy think this SDR will be a succes? I get the impression that it won’t work cause people know the US is behind the IMF and a SDR with a declining dollar in it is as good as any currency so why use it? Russia and China are making deals now which won’t help the SDR either.
It takes years for a currency to be accepted and trusted and until now the US isn’t able to gain much trust with all the BS going on.
Australia central banker Governor Stevens smacks down Bernanke in implicit criticism ! ahaha
[spesaking about the need to raise tates quickly soon]
“If we were prepared to cut rates rapidly, to a very low level, in response to a threat but then were too timid to lessen that stimulus in a timely way when the threat had passed, we would have a bias in our monetary policy framework. Experience here and elsewhere counsels against that approach,” Mr Stevens said.
http://www.theaustralian.news.com.au/business/story/0,28124,26213424-5018001,00.html
@frances
The long bond is the canary in the gold mine. Yields up means a sell off/lack of demand, inflation and higher interest rates, further real estate collapse and economic disaster.
This is the #1 indicator to follow, watch it carefully.
@Frances…since you brought up the “structure” of things through Derrida ie last paragraph.
The venerable Mr. Richard Russell last night…
Gold sentiment — I note the efforts of a number of leading advisories to talk down gold. And I wonder why? One reason could be that they have never recommended gold, and it angers them to see gold rising in its ongoing bull market.
Another reason could be that rising gold frightens them, and they view advancing gold as anti-stock market or anti-dollar, which, of course, they don’t like.
But I think the big reason is frustration and anger at not being IN gold. After all, gold has been up 27.57% over the last year, (this despite the market crash), and gold detractors find it irritating to have been out of that rise. So naturally, the anti-gold element would love to see gold head down. And, of course, so would those holding dollars, the people I now call the “dollar-bugs.”
I also note that many new services refer to the “highly speculative” position in gold. How do they know it’s speculative? After all, who calls the dollar’s level “speculative?” And who calls the insane debt and deficit position of the US “speculative?”
Hong Kong apartment sells for whopping $57 million
This puts California to shame. Remember when [1989] the valuation on the property just in the city of Tokyo exceeded the entire value of the State Of California?
This apartment which cost $57 million has a value of $9,200 per square foot. It is rumored that the purchaser is from China. Remember the China Put on gold?
I wonder when 1 square foot will equal 1 ounce of gold?
http://www.google.com/hostednews/ap/article/ALeqM5g3fcCAQlG1TGfT0mS3-pmZsAT9hwD9BAT4800
Adam…nice find…I guess there is no demand so it will sit on the shelves….for about a minute.
A year after Washington rescued the banks considered too big to fail, the ones deemed too small to save are approaching a grim milestone: the 100th bank failure of 2009.
While the parade of failures still represents a mere fraction of America’s small banks, it underscores a growing divide between them and large institutions like Goldman Sachs, JPMorgan Chase and U.S. Bancorp, which are slowly growing stronger as the economy improves.
Burdened by worsening commercial real estate loans, many small banks’ troubles are just beginning. Many analysts say that the now-toxic loans could sink hundreds of small lenders over the next few years and place a significant drag on the economy.
Already, the bank failures are placing enormous strain on the F.D.I.C. and its fund, which keeps depositors whole. Flush with more than $50 billion only two years ago, the fund recently fell into the red.
Tighten lending make it harder for longtime customers to obtain loans or favorable terms. A bank that is teetering on collapse is not going to lend.
Regulators expect closures to ripple through hundreds of small banks over the next couple of years, especially in the Midwest and Southeast, where lenders have been hard hit by the recession.
The pace of bank failures is expected to accelerate in the coming months. There were just 25 bank failures in 2008 and just 10 in the five previous years. But in September alone, regulators took over 11 banks in nine states that were saddled with soured commercial real estate loans, from Corus Bank, a $7 billion construction lender based in Chicago that financed projects across the country, to Brickwell Community Bank in Woodbury, Minn., which had just a single branch and $72.6 million in assets.
Three others were taken over this month, including Warren Bank, a small lender just outside Detroit. Regulators swept into the offices on a recent Friday night after brokering a sale to Huntington Bancshares of Ohio, a regional bank with a big presence in Michigan.
In fact, applying only the commercial real estate loss assumptions that federal regulators used during the stress tests for the big banks last spring, Foresight analysts estimated that as many as 581 small banks were at risk of collapse by 2011.
As many as 1,000 small banks will close over the next few years and that their losses will be more severe. “It’s a repeat on steroids,” he said.
Together, the 8,176 smallest banks control just 15 percent of the industry’s $13.3 trillion in assets.
“People are angry with all the shenanigans on Wall Street,” he said. “They believe their money stays local when they put it in a community bank, rather than sent off to Never-Never land
Snipbits from: Failures of Small Banks Grow, Straining F.D.I.C. http://tinyurl.com/yz2equl
http://www.russiatoday.com/Top_News/2009-10-14/putin-fuels-dedollarization-speculations.html#
@WL:
This could be it.
what?
Harrods to sell gold bullion for first time
http://www.telegraph.co.uk/finance/personalfinance/investing/gold/6328823/Harrods-to-sell-gold-bullion-for-first-time.html
@Phil The Game – Part I: Queen of Hearts
No Deflation? So, house prices didn’t decrease dramatically it was just an illusion. Wages right now in the States but also in Europe arn’t frozen and even going down now in the States. Seems I live in the twilight zone. Quess not. It is true that oil doesn’t reflect the demand and suply situation at all but still prices went down. Milk prices are at an all time low here in the Netherlands so you can call me anything you want but the facts are blatently there.
The Tulip story is right about the depreciation policy if you want to call it that. I used the word devaluation but maybe I shouldn’t and call it depreciation, that’s right. But however you want to call it the dollar goes down.
The strange thing is that the Americans are so much fed up with the good guy vs bad guy concept and big radical explosion TV that they feel to use this concept every where so also on economics. But let me tell you there ain’t such thing as deflationist against inflationist. It’s not a sucking football game or somtin.
In fact a general decline in prices and wages (deflation) can go together with a decling currency like the dollar(Inflation). In fact when both are in pace people don’t even notice it cause if for instance the housing price declines with 10% and your money loses 10% in value you still feel like nothing happened.
That’s why I think the big surprise will come if oil and food goes up cause the rest of the world is getting back on the economical track like it seems to happen now. Food prices will go up extra not only because of rising oil prices but also because of declining food production around the world.
If Israel or the US decide to start a war with Iran you can be sure that oil prices will spike which will kill off any economical growth in the US. So we’re in for some harsh times. Bernanke moved the US in a very between a rock and hard place position in which Interest rates can not go up, Oil can not go up which is hard to imagine.
I think that Brezinski knows this in fact he was the one who said that a war with Iran would have undesired spill over concequences and he was also the one who spoke of attacking the Israeli if they decided to bomb Iran anyways in a flight over Irak. The complete Israel/Palestinian peace plan is also designed by Brezinski in which Israel has to allow foreign troops inside it’s territory to quaranty a peace status quo.
I think this is the plan which Obama will push for if he realy wants to try to put some efford to put some glance on his Peace Price. Any form of expanding war will discrace the Nobel price forever and it won’t be taken seriously anymore by anyone. In this light there was some thought about giving Obama the Peace price cause it puts the ball in his court and puts pressure on his effords to realy acomplish somting that at least goes in that direction.
Ron Paul Warns of Violence from Pending Dollar Crisis
http://www.youtube.com/watch?v=GVfjmuiiew0
30yr
Try this one
http://stockcharts.com/h-sc/ui?s=$UST30Y&p=D&yr=0&mn=6&dy=0&id=0
Watch the 30yr, turning hard, this could it…
http://finance.yahoo.com/echarts?s=^TYX#chart4:symbol=^tyx;range=6m;indicator=sma%2850,200%29+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=off
The only way to understand what the Rothschilds, Warburgs, Blankfeins, Rockefellers, etc, are up to, is to understand Game Theory. Specifically MiniMax: minimize risk while maximizing profit.
MiniMax has been the guiding principle of the monied class since the Magna Carta. Everything they do is based on this principle – if 100 million people need to die, or a billion, makes not one iota of a difference to them: it’s MiniMax, and nothing else counts.
That is how this world operates. Get it through your thick numb skulls.
What we are seeing today is merely infighting between the various corporate entities struggling for their version of a misbegotten future.
There are no “fixes”, no “regulation”, or anything else: they need to be fucking exterminated. Period.
US$INDEX : 75.551
http://quotes.ino.com/chart/?s=NYBOT_DX
Where’s the FED ?
Max…you been kinda quiet about the young Sarkozy…. and that Mitterand fellah….what’s up with that???
“Freedom is not a gift ascribed by the writ of any one man: it is not an illusion. It derives sustenance from the intellect, though intellect is not a necessity. Freedom is the propriety to keep oneself independent and self-reliant; it is a soul’s concern.”
Your point is very well taken, @Frances. I am reminded of a quote from one of my very favorite philosophers, Robert Anton Wilson. Perhaps it would do well to share it here:
“You should view the world as a conspiracy run by a very closely-knit group of nearly omnipotent people, and you should think of those people as yourself and your friends.”
Form your tongs and claim your power. Man, I miss that guy.
Report: Russia to allow pre-emptive nukes
Oct 14 11:09 AM US/Eastern
http://www.breitbart.com/article.php?id=D9BAUJ680&show_article=1
…Patrushev said a sweeping document on military policy including a passage on preventative nuclear force will be handed to President Dmitry Medvedev by the end of the year, according to Izvestia.
Officials are examining “a variety of possibilities for using nuclear force, depending on the situation and the intentions of the possible opponent,” Patrushev was quoted as saying. “In situations critical to national security, options including a preventative nuclear strike on the aggressor are not excluded.”…
…
…
… “However, earlier military dangers and threats for our country have not lost significance,” he was quoted as saying. “Activity on receiving new members into NATO is not ceasing. The military activity of the bloc is being stepped up. U.S. strategic forces are conducting intensive training on using strategic nuclear weapons.” …
Dante:
Snoots apologizes for her snooty writing style. I think the tiger avantar is a bit too aggressive!
And I get SO much out of reading all the wise people here, Phil and Youri especially so. I learn from writing just as much as reading alone. There is a theory (Richard would be interested in this) that reading and writing need to be taught at the same time.
You seem to have a background in English, Dante. So I recommend Jacques Derrida for you to read as he is fascinating in every way: he blew the top of the Church hegemony of letters. He deconstructs the assumptions that underlie our chains.
Thanks for being patient with the Snoots.
@Mini US … Geman banks .. .yep, I posted on this earlier.
Had to happen.
Banks in Germany making rules so customers are liable for credit card fraud.
Could this be the end of the credit card?
http://www.youtube.com/user/jberni1#p/u
Also…
McDonalds customers hit by fraudsters.
http://www.news.com.au/perthnow/story/0,21598,26210001-948,00.html
Thank you @Daniel. For the record, your point about the law being a sword and suit of armor that requires someone worthy of wielding them states my point much more eloquently.
Frances..I was referring to the article..their argument…its this,
“But numbers lie and liars use numbers, and that’s pretty much the case here. From practically any time since the abandonment of the gold standard against the US dollar in 1973, back when gold was trading at almost any price, you can find the foundation stones of almost any argument you want. For instance, if you bought gold at its previous high of $850 in 1980, holding it through 20 years of price decline to its recent rally would have resulted in you losing almost two-thirds of your initial investment basis through inflation, not to mention your losses through storage fees and the absence of any interest or dividend.
That whole statement means nothing …TODAY.
And if you think about it ….the corruption and thievery conducted on all people by the guys mentioned in the above article .. would get tougher for them to accomplish as the debt markets would go flat for them….their ability to mark up their crap assets would come to a halt…the prices they control would come down…their false wealth would be choked off….their partnerships would get strained because all those exorbitant fees for the goldmans, blackrocks, etc get for managing some bs asset program/money/ might not go through so easily….will it be painful…yes…but how else do we start over….where people making a decent wage can afford to clothe, feed, and educate their children without choking on 3 jobs and more debt.
…supply and demand are meeting…the supply of dollars seems endless, the demand for gold is growing….as to your daily discourse….I always find something interesting in your diatribe so please continue….
HAHAHA this just keeps getting better.
I’m just waiting to hear about their secret mountain facility with the latest in Supervillain gadgets! AHAHAHAH.
wow.
Darling to give Llyods TEB ANOTHER £5 Billion!
http://www.guardian.co.uk/business/2009/oct/14/lloyds-seeks-alistair-darling-cash
Mike
Very good description of the American wasteland Viriathus. Chris Hedges details all of it in his writings. I consider him one of the few who can express himself without compromise and with savage realism. It is far too late. The propaganda techniques first introduced by Alfred Rosenberg and then exported to this country following the War have insured the complete gang rape and mind f… of most Americans Sheeple. Anyone outside the ‘box’ is marginalized. You could show the construction demolition of WTC 7 to most Americans and its implications wouldn’t even cross their minds and if it did, they would cower in fear and denial.
Mongo
Oct 14, 2009 at 1:29 pm
Wile E Coyote
I am a frustrated Loony Toons wanna-be. Wile is my second favorite behind Bugs. I did these cartoons, their image my captions, about 2001. These are all Wile:
http://i734.photobucket.com/albums/ww350/nowido/INV00GRAVITY.jpg
http://i734.photobucket.com/albums/ww350/nowido/INV00UP.jpg
http://i734.photobucket.com/albums/ww350/nowido/INVGOLDBROKER.jpg
http://i734.photobucket.com/albums/ww350/nowido/INV05PORTFILIO-1.jpg
Dante:
If you don’t want dialogue, I won’t post here. I’m sorry: I was wondering why no one wants to discuss the issues that are pressing. When did I indicate staying in fiat was a good idea?
The same old same old is the press, left and right, supporting the real criminals by deflecting the blame at those who are now set to walk away from the damages with profit. The same old same old is the myth of America: it is not only sold in America and consumed by Americans. It seems that most readers here have a bias towards Americans and a cultivated hypocritical bias toward the sins of the real players.
You know, Dante. The players with the signet rings.
I said I’d be freaken happy to see gold become a currency and every gold-bug ride in gold chariots. It’s not realistic and it’s not going to happen with the vested power players protected no end by the media and the politicos.
Supply and demand is not driving price. Dollar value against the basket of currencies is not driving price. We the grateful ones are glad to have the price set for us by criminals and tyrants through criminal manipulations and wars.
And I take offense to the idea that people need to be tagged. The tags are being used to paint a picture of a world view which exists to benefit dastardly bastards.
“Those that are a little more aware are usually mollified by the illusion of freedom they get from posting to forums like this one. Typing on a keyboard is enough for them. They don’t want to get their hands dirty, for now.”
Freedom is not a gift ascribed by the writ of any one man: it is not an illusion. It derives sustenance from the intellect, though intellect is not a necessity. Freedom is the propriety to keep oneself independent and self-reliant; it is a soul’s concern.
Frances… same ole same ole…all the reasons to not own gold and every reason to stay in fiat…what about supply and demand?….do they matter?
quote from latest readings,
”
Anyone who has followed this commentary over the years knows my major focus has been on the supply/demand picture. A decade ago, via the work of Frank Veneroso, we knew there was a 1,000-1500 tonne annual supply/demand deficit … physical demand over mine and scrap supply. This deficit was met by visible and surreptitious central bank supply. We knew available central bank supply to meet this deficit was being depleted and that eventually it would dry up. At the GATA African Gold Summit on May 10, 2001, Frank predicted The Gold Cartel and other central banks would hit the wall in 7 to 10 years, which is just what is happening … the ECB sold only .7 tonnes of gold last week, when they could be selling nearly 8 tonnes under the latest Washington Agreement.
As this available central bank gold dwindles further, the gold price will have to rise many hundreds of dollars per ounce to ration growing demand. It is that simple. Yet, because the gold pundits and analysts refuse to “go there” as far as GATA’s input is concerned, they are wrong over and over again about what is transpiring.
Great rant by Dylan Ratigan
http://www.msnbc.msn.com/id/31510813/#33309152
@Viriathus, I think you’ve summed it up very well.
Weimar Germany 1919 – 1929
http://www.youtube.com/watch?v=XEt7PLQpjXY&feature=rec-HM-fresh+div
Sweet video .. over-simplified , but gets the main points across !
I love the pussy cat !
Interesting commentary from Asia Times on gold:
http://www.atimes.com/atimes/Global_Economy/KJ15Dj02.html
People have been trained to make little surrenders all their lives and to escape reality rather than change it. They surrendered to school bells thousands of times. They surrendered their bowel and bladder functions to the permissions granted by teachers. They surrendered their beliefs in what is fundamentally right and wrong to the simple greed and convenience of a cheap pair of slave-made shoes. And they surrendered their responsibility to the escape of toxic movies and song.
It should come as no surprise that they don’t put up a fight against corruption as adults. They don’t even solve the simple plague of bullying in schools despite it’s great cost to society. They deny every reality that would demand personal sacrifice to address. They are unworthy of the designations of either adult or citizen.
The constitution wasn’t written with the understanding that people could be shaped into something so weak. That is why the highest law of the land can’t protect them. It is only a sword and suit of armor. It requires people with the strength and courage to wear and use it.
The Baker said to the German with the wheelbarrow of money – I don’t take credit, but if you give me the wheelbarrow, it’s a deal !
Yes. But in the 21century the price/value of the wheelbarrow will be the perplexing question. The baker has been shoveling money into his 401K for weeks.
@WL:
Snoot commentary on gold-bug attitude to the coming currency fluctuations and the value of gold inherent:
http://www.hybridcars.com/images/stories/ostrich-313.jpg
gold chart optional
don’t drink and derive though
Phil:
I never ever indicated you were stupid. Why would you make such a claim?
If the ‘guy’ would like to see a profit he should read the markets and not pundits executing a coup de grace for American markets to benefit European banking interests.
Congress has no say-so. Neither do the American people. The decision to skewer the dollar was made by the big banks and their allies at the Federal Reserve.
HAHAHAHAHA
Mr. Whitney neglects to mention the G20 central banker decision to vote in the 250Bdollar sdr allotment; the passage of the fourth amendment for the IMF which brought Asia on board; the gyrations at the UN indicating a need for a new suprasovereign reserve currency; the move by the BIS to replace the gold franc with the sdr:
http://www.bis.org/press/p030311d.htm
Commenting on the change, Andrew Crockett, General Manager of the BIS, said: “I welcome the introduction of the SDR. Along with a strengthened accounting framework, it will assist in managing the Bank’s operations and economic capital more efficiently and enhance the transparency of its accounts.”
In fact, Mr. Whitney refuses to say sdr once in the entire essay.
Maybe he never read about Bretton Woods?
Here’s what happened with the BIS supervision of the Fed and other central banks in 2008/2009:
“The bimonthly meetings comprise, in particular, the Global Economy
Meeting and the All Governors’ Meeting. The Global Economy Meeting, which
brings together more than 30 Governors of key advanced and emerging market
economies, monitors economic and financial developments and assesses the
risks and opportunities in the world economy and financial markets.
The All Governors’ Meeting, in which all shareholding member central
bank Governors participate, discusses selected topics that are of general interest
to all BIS member central banks. In 2008/09, the topics discussed were:
• the procyclicality of the financial system;
• the lessons of the global banking crisis;
• foreign currency liquidity pressures, dislocation in foreign exchange
swap markets and central bank responses;
• money market interest rates and operational monetary policy targets; and
• central bank liquidity operations: lessons from the current turmoil.
Because not all central banks are directly involved in the work of the
Basel-based committees and other organisations hosted by the Bank, the All
Governors’ Meetings also represent an opportunity to review the activities of
these specialised groupings. In 2008/09, Governors discussed, for instance,
the Basel Committee initiatives to respond to the financial crisis.”
http://www.bis.org/publ/arpdf/ar2009e8.pdf
There is a disconnect between the American people and the central bank agenda.
But the power is being brokered overseas from the BIS hub.
@Mary Kapadia
Several reasons. This is how I rank them:
4. Ignorance – most Americans still get their news from TV. Most intentionally avoid news and politics, and still believe that elections matter and that there is a fundamental difference in the political parties. They do not have the capacity to make informed choices. Those that are a little more aware are usually mollified by the illusion of freedom they get from posting to forums like this one. Typing on a keyboard is enough for them. They don’t want to get their hands dirty, for now.
3. Infantile consciousness – Americans have been conditioned by entertainment and constant warfare to defer to authority and surrender responsibility. Thanks to Madison Avenue, Hollywood and our education system, most are unable to formulate a rational thought – they only function on an emotional level. So they put their hopes in heroes and happy endings. Ergo: Hopey McChange (thanks Ilya!).
2. Shock and Denial – The populace has been the target of sophisticated behavioral programs executed over decades by various power groups who understand psychology and game theory. Americans have been traumatized by staged events and are reeling from a catastrophic decade of decline designed to pave the way for a New World Order. Many are numb or resigned to a kind of fatalism we used to only see in the Third World. Even their children are on anti-depressants.
1. Fear – Americans are thoroughly terrorized by their government. They are aware they can be Waco’d or Ruby Ridge’d and painted as demons in the media with casual ease. The more informed are aware that even if they don’t fall from a tall building or die in a plane crash, their family can always suffer unfortunate “accidents.” The less informed don’t want to risk what remains of their wealth, their fear mixing with hope in a toxic sludge of inaction.
Nothing will wake them up until the shit really hits the fan. Not to be a downer, but by then, it will be too late.
EDIT: About silver,
I know silver is at around $18 but in my world… silver will go down to about $10 dollars then it will rocket up above $50 and that is what I meant,
Seriously.. when the failing gets tough… the tough gets failing and when I say fail I really mean epic!
This meltdown is loooong overdue. Wile E. Coyote would be jelous of this anti-gravity situation the financial system is in.
Didn’t Obama put aside some money for anti-gravity research? Didn’t know it was already developed by Wall Street.. so thats why they need them bonuses…
makes me sick..
Be prepared for that silver shoping window when it opens.. will be the last time silver is below $ 50 for a longo time.
@youri
yeah cheers for the tTim Lehrer…a little bit before my time… I remember staying up late watching frost and TWTWTW…when I was a little kid but not understanding it!!!
Tim Lehrer – Decimal
http://www.youtube.com/watch?v=KIpr0s52yVk
Anyone have a snoots/gold chart
might be a trade there
@frances … 1923
The Baker said to the German with the wheelbarrow of money – I don’t take credit, but if you give me the wheelbarrow, it’s a deal !
@y’all
lions and tigers and bears… oh my!!!
@frances … ” Have you guys even looked into what effect the sdr manipulations by the IMF are having on the dollar value index? ”
Of course not .. we’re stupid !
Just like the bloke that just bought 100,000 GLD @ 104.17$
The Fed colludes with any and all central banks!
In the UK we call this a job for the boys. Thats because you look after your friends, no matter how capable they are! However this policy was ridiculed by the up and coming New City folk of the 90′s. But the same stars of the 90′s after kicking out the old regime of jobs for the boys have replaced it with thier own set of mates, so we have the New Jobs for the boys and competition is on to join the club! – All comers welcome no matter how incompetent!
The only way to weaken the dollar further is through asymmetrical warfare, a disinformation campaign aimed at triggering a sell-off before the dollar strengthens when the stock market corrects and credit tightens even more. Is that what Bernanke has in mind?…
@Phil/Youri:
Have you guys even looked into what effect the sdr manipulations by the IMF are having on the dollar value index? It’s not just the allotments: the IMF is selling sdr-demoninated bonds and trading treasuries for sdrs. Sovereign wealth funds have been buying sdr-demoninated financial instruments as well.
My feelin is that the FED colludes with the European central banks
Hey, Youri. Check it out: the BIS has been operating as head of all the central banks since the inception of the system. It’s not even a conspiracy!
Dow would need to be at 42,000 to reach its high in GOLD TERMS
http://www.zerohedge.com/sites/default/files/images/DJIA%2010000%20Gold.jpg
http://www.zerohedge.com/article/dow-10000-oh-wait-make-7537
The following is courtesy of Nick :
The Game – Part I: Queen of Hearts
http://www.itulip.com/forums/showthread.php?p=127376#post127376
Good article – must read !
.
.
Multiple currencies on one page :
http://www.fxstreet.com/rates-charts/currency-charts/
Nick’s video
http://www.youtube.com/watch?v=EnnetSt9t3g&feature=sub
Wall St. pay up 20% over 2008:
http://online.wsj.com/article/SB125547830510183749.html?mod=WSJ_hps_LEFTWhatsNews
Forex Club TV OCT14 Fundamental & technical analysis: EUR/USD, USD/JPY and EUR/JPY.
http://www.youtube.com/watch?v=8VsydnvEVb8&feature=sub
@buddhabob .. Yes, which is why we’re all here I think !
these sociopaths steal as a matter of course and habit. Is there any difference between their moral bankruptcy and the young teenagers today accused of dousing another boy with rubbing alcohol and setting him ablaze? The culture of greed these monsters are spawned in is entirely sociopathic and yields no consideration to the commonwealth or to others. It is the culture of the Corporation which in itself is amoral at its very core.
@Youri …
We haven’t heard much about Commercial RealEstate lately. And it’s not just US CRE either.
I read the article as implying that the FED would crash the stock market to bolster up the bond market ( std practice), while the foreign CBs would have to buy US$ to settle the foreign liquidation of assets… thus strengthening the US$ again.
WE Pollock talks about the US$ futures – saying the US$Index hasn’t convincingly breached 76 yet.
http://www.youtube.com/watch?v=yAgDW4eVoyk&feature=sub
In addition:
Since it’s all monopoly money the central banks issue with infenite printing capabilities the US doesn’t even have to give the Europeans or the Chinese money cause they can print it themselves to buy up more dollars at a certain point. Later the US can use this money to buy back Euro’s or Yuans if the Central bankers think this is usefull.
@Phil
I realy donnow Phil since the FED operates behind closed door they could be doing anything.
My feelin is that the FED colludes with the European central banks at least by giving them money to buy up dollars any time they want. That’s the game the central banks have been playing for a long time so that would be the most logical. They could even may have this kinda deal with the Chinese. So the FED gives (printed) money to the Europeans and the Chinese, so that it won’t cost them anything, to buy up dollars at a certain given moment/ signal probably from the BIS headquarters in Basel.
But maybe the strategy is just to sink the dollar in a fashionable way cause this is what’s happening until now. They only would strengthen the dollar if the dollar decline goes to rapidly to their taste and in the same time profit from the volatility cause they’re the only ones who know the exact moment this would happen.
But it’s only pure speculation on my side. They have these currency baskets at the central banks though for a long time to “stabelize” any currency, that’s not a secret at all but it could be that given the current turmoil they do this completely in the dark now.
When Money Becomes Worthless
by Martin Hutchinson
…he Financial Times last Tuesday noted a disturbing new trend – hedge fund and other investors are increasingly seeking to invest in physical commodities themselves, rather than in futures. Given the excess of global liquidity, this is not entirely surprising. It does, however, raise an ominous possibility of a supply shortage in one or more commodities, caused by investor demand that exceeds available mine output and inventory. That could potentially produce a collapse in economic activity similar to that from the 1837-41 and 1929-33 liquidity busts, but with the opposite cause.
…
http://futurefastforward.com/feature-articles/2673-by-martin-hutchinson-prudentbearcom?tmpl=component&print=1&page=
Sign of the times, things are tough in the media business
“The day’s news may soon rest in the hands — and quite possibly on the feet — of newscasters at WTTG, Channel 5, in Washington.
In a bid to save money, the station is planning to reassign the technicians who operate the electronic prompters that feed scripted news copy to the anchors while they’re on the air. Instead, the station wants its anchors to do the job themselves.
WTTG, known as Fox5, intends to train its newscasters to operate prompters using a series of hand levers and foot pedals, all while they’re reading the news as it scrolls by.
Some at the station worry that such a roll-your-own system could increase the potential for on-camera blunders, as anchors fumble for the right spot in their scripts. They also say that viewers may notice some awkward cranking and pumping beneath the anchor desk. ”
http://www.washingtonpost.com/wp-dyn/content/article/2009/10/13/AR2009101302995_pf.html
Eric Jackson of IronFire Capital LLC @ericjackson part 1 and MissTrade Talk Activist Investing http://www.vimeo.com/7064053
Part 2 Activist Investing http://www.vimeo.com/7065950
(Be patient could be slow buffering)
@Youri … Thx .. just what I am thinking !
…Surprisingly, there is also a good chance that the dollar will strengthen short-term and that the misinformation about the dollar’s future is being used to achieve the Fed’s objectives. Fed chair Ben Bernanke is already monetizing the debt (via quantitative easing) and has slashed interest rates to zero. What else can he do? The only way to weaken the dollar further is through asymmetrical warfare, a disinformation campaign aimed at triggering a sell-off before the dollar strengthens when the stock market corrects and credit tightens even more. Is that what Bernanke has in mind?…
… before I waste money buying UDN 29$ Dec Calls !
http://theinternationalforecaster.com/International_Forecaster_Weekly/Russian_Hedge_Fund_Theft_Blown_Wide_Open_On_Youtube
The Guardian web site is reporting that London based investment company Hermitage Capital has turned to the web to expose a massive fraud involving the highest levels of government. Hermitage CEO William Browder has released his story on the web. It details corrupt and criminal acts that have resulted in a theft of 230 Million dollars. Names are named. Its a great insight into the corrupt workings of government and police. In an even more bizarre twist, Bowder is now wanted for questioning in relation to the acts of fraud. A russian language version of the video has now gone viral in Russia and promises to tear the lid off all efforts to cover up criminal activity by the state and police around the case.
The stunning comment that ends the article is that this activity is commonplace in Russia. “”The story sounds like a thriller but isn’t and it’s being repeated every day”
http://www.youtube.com/watch?v=ok6ljV-WfRw&feature=player_embedded
A Dollar Rout or More Bernanke Trickery? http://tinyurl.com/yhpdnz7
Bailout Update – Spare a trillion?
(recall: trillion = million x million)
http://www.sitemason.com/files/llt49q/bailouttallysept2009.pdf
http://www.sitemason.com/files/hRA9qw/bailoutsub102009.pdf
Tom Lehrer – Derivative Song
http://www.youtube.com/watch?v=i9w_Ar8s5HM
Forget US$ baseline
Dow in Gold
http://stockcharts.com/h-sc/ui?s=$INDU:$GOLD&p=W&yr=3&mn=0&dy=0&id=p44147230094
http://www.chartingstocks.net/2009/03/dowgold-ratio-hits-7-a-new-multi-decade-low/
September retail sales fall 1.5 percent post Clunkers http://tinyurl.com/yztlaur
Govt housing stimulus package may galvanise housing activity http://tinyurl.com/ygd3tph
@Top, some houses and apartments in Sweden go for 200000 SEK per sqm, thats €20000!
The housing bubble the “reichsbanks” are blowing up is way out of proportions. We are so fucked
http://www.montaznekucejevtic.com/
it is here
Piratemyfilm is a good idea!
Somebody has to invent buildmyhouse.com.
Todays price of house is 2000 EURO/sq m, is nonsense.
Look at this houses from Serbia. It is 400 euro/sqm.
@Mep … Forbes Headline : Intel shares get a boost from strong 4Q guidance
I really believe that those Q3 numbers were “adjusted” …. to help WS !
Just my opinion though !
BTW … with all the job losses, are they all buying PCs , iPhones and other gimmicks with Govt. money now or what ?
@Mep … DJIA 10K
LOL .. are you serious ?
I hate the DJIA as well …. totally phoney , designed to wave the BullRally flag .
Ask them where the DJIA would be if they hadn’t swapped Citigroup and those others out recently !
@Stacy I did not get any gifts from Max. Did he really send me some crackerie? Perhaps he was too busy. Maybe you can send me a nice dressed-up photo of yourself instead?
@Larry I accept your apology. Here’s a recent picture of MJ for you:
http://tinyurl.com/nm7zn4
Revolution would mean…
no public schools to pawn our brats onto
no social security
no subsidies
no public jobs
…
Revolution would mean self responsibility. Not until people are forced to be self reliant will there be revolution.
Nama is highway robbery
by David McWilliams with Joseph Stigliz
Check out his analysys of the world economy here with his new films. Features Peter Schiff, Joseph Stiglitz and he visits China, Australia, US and Iceland. Worth a look.
http://www.rte.ie/player/#v=1057600
@ Phil, I just heard Greenspan’s wife mention that the DOW hit 10000. She thought she should report it twice. These people make me sick. If only we could start a national movement to shut down the corporate media by keeping our TVs off. They don’t report on job loss or real human suffering. All that they care about is the effing stock market.
@Danny ..Rubicon
Thx .. still haven’t finished .. I started Janet’s Buffet book ( half way through ) because it was shorter and quicker to read.
BTW … DJIA hit 10,000 a few seconds ago.
I suppose the WS-Traders are now calling for 14K !
Somebody should give Timmay about 306 million of these:
http://img386.imageshack.us/img386/1141/is5vb.jpg
@Phil
No worries. Hows Rubicon going? I’ve been flicking through it again the last couple ‘a’ days. It really was the book that got me off my ass.
@Max
Whats all this Greg Palast movie about on PMF?
John Pilger’s ‘Tell Me No Lies’ features Palast’s article on the vote fraud. After I read it a couple of years back, I cracked open a bottle of Jameson I’d been keeping. That thought me that conspiracys do exist.
Not sure if you have seen this guy;s videos or blog…but I like his predictions…and analysis
http://www.berninger.de/crisis-analysis-opinion/datum/2009/10/12/the-us-dollar-currency-crisis-has-begun.html
I have been in contact with Michael Jackson and he has given me the pearls that he was buried in. I’m going to sell them and buy more gold.
@stacy
‘Nobel Peace winner’ Henry Kissinger interview on France 24 tonight at 9.30. (Paris time)
I’m gonna have to try and keep my dinner down…
@Danny … Thx … hopefully they’ll sell the DVD as I’m sure it may just get banned in the US !
;-(
Wall Street set to award record pay: report
(AFP) – 2 hours ago
WASHINGTON — US banks and securities firms could pay a record 140 billion dollars to its staff this year, a rebound in compensations that comes despite regulatory scrutiny of Wall Street pay culture, a report said Wednesday.
http://www.google.com/hostednews/afp/article/ALeqM5ihZsfjNmSmIZlAItBU9yui3qzVew
COLLAPSE (A film about Mike Ruppert and his warnings)
http://mikeruppert.blogspot.com/2009/10/notices-of-release-of-collapse.html
@Teresa – I thought I saw you in that gaggle of stalker fans outside his funeral . . . did you get Max’s crack cadeau?
@Teresa , if you are in communication with him ,please give him my apologies ; )
I resent your comments about my good friend, the late Michael Jackson.
where are the awards for the losers ?, english poet , Charlotte Mew thought that we should have a memorial for half the worlds population , simply inscribed with the words,..’lost at sea. ‘
check Gene Sperling’s wiki, he was the cheif econ advisor to hillary. so i guess his speaking work was a roundabout form of campaign contributions.
according to this page (which has cited sources): http://www.whorunsgov.com/Profiles/Lee_Sachs
Less Sachs went from graduating (undergrad) from Denison U. in 1985 to sitting on the Bear Sterns board of directors in 1994. WTF? a ~31 year old on the board? who didn’t even go to an Ivy league school? Is that normal?
“bankers will destroy world civilization”, Webster Tarpley
http://republicbroadcasting.org/Global%20Research/index.php?cmd=archives.month&ProgramID=33&year=9&month=10&backURL=index.php%253Fcmd%253Darchives.getyear%2526ProgramID%253D33%26year%3D9%26backURL%3Dindex.php%253Fcmd%253Darchives
Waterboard JP Morgan and The Mortgage Bankers Assn
http://market-ticker.denninger.net/archives/1510-Waterboard-JP-Morgan-and-The-Mortgage-Bankers-Assn.html
How to give an economics writer a coronary:
Recommend something that has been done twice before, and both times led to disaster, including being a major contributor to The Great Depression.
Well guess what: JP Morgan and the other banks are doing exactly that.
Oct. 13 (Bloomberg) — Banks will push the Obama administration to expand its mortgage-modification program to allow interest-only periods on reworked loans, seeking to bring more homeowners into the initiative while recognizing concern that it may only postpone defaults, according to JPMorgan Chase & Co.
MAY?
..
..
JPMorgan Pitches Interest-Only Mortgages to Boost Obama Plan
http://www.bloomberg.com/apps/news?pid=20601103&sid=aBnddzF.B8zw
LOL … why don’t they just rent them … they own them anyway !
Smart chick teaches CNBC bobleheads something about gold:
http://www.cnbc.com/id/15840232?video=1295049593&play=1
mary , that is a lovely name.
Don’t know if this has already been posted, but another great piece from Taibbi that fits in with this headline about the absence of dissidence:
http://trueslant.com/matttaibbi/2009/10/13/on-the-nobel-prize-for-occasional-peace/
false consciousness, people are happy like this.
Why, oh why, is there no revolution stirring?
,america inhabits the strange lunar type world of syphilitic pop stars and idols like Micheal jackson, madonna ,all the while the sunshine is within them and around them but they don’t even know it.. all that celebrity worship is about as useful as impaling dead thoughts on a bayonet. michael jackson is just another dead celebrity. we worship idiots.
@WL .. there was another rumor last week about them paying 25% over spot if they would take cash.
Sounds totally crazy to me …
…after all , anyone (bigmoney positions) could then come and say “we want boatloads of physical” and get a 25% reward just for asking !
@stacy and @Max
This deserves a repost, but this is huge. What do your deep sources have?
“Impeccably reliable sources have informed me that as recently as Sept. 30, 2009 – the last possible day of trade in the Sept. 09 gold futures – a number of well-heeled market participants “bought” substantial tonnage worth of gold futures on the London Bullion Market [LBMA] and immediately told their counterparties they wanted to take instantaneous delivery of the underlying physical bullion.
The unexpected immediate demand for substantial tonnage of gold bullion created utter panic in at least two banks who were counterparties to this trade – J.P. Morgan Chase and Deutsche Bank – because they simply did not posses the gold bullion which they had sold short [an illegal act which in trading parlance is referred to as a “naked short”]. ”
http://www.financialsense.com/fsu/editorials/kirby/2009/1009.html
A shoutout to Bloomberg and the journalists on their staff. They have consistently dug into the stories behind the financial bailout and its repercussions.
I wonder what it all gets down to; is it STO vs STS (“service to other” vs “service to self” as a primary orientation), or is it total implosion and collapse of the flawed and failed system?
Lookit, true real free energy is here – these goons make their $ by selling energy thru the grid. Do you think it’s just possible that they know “zero point”, magnetic motors, cold fusion is real and here? And they are losing their fundamental power base? That and the so called ‘shadow’ economy of illegal weapons – drugs – slavery – organs.
Is it just possible they’ve figured this out and are fighting for preservation of their way of life?
http://www.lewrockwell.com/celente/celente16.1.html
Good article on prognostication…
@WL – of course they are! that’s how the rich stay rich
Question
Are they buying gold with their ill gotten $$$S?