Stacy Summary: Jibber jabber, chit chat and sense and nonsense.
  |
 |
-
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)
-
“The illusion of freedom [in America] will continue as long as it’s profitable to continue the illusion. At the point where the illusion becomes too expensive to maintain, they will just take down the scenery, they will pull back the curtains, they will move the tables and chairs out of the way and you will see the brick wall at the back of the theater.” – – Frank Zappa
Freedom is not given by man. As long as people look to man, central governments, as the”government of governments” there will not be freedom.
http://www.youtube.com/watch?v=aoVaci6lOdk
bill hicks on politics – i think i posted the wrong video last time-
it’s been removed from youtube various times
seriously a must watch
Wells Fargo
Last quarter they saw the highest foreclosure rate of all and were almost BK this year ( had to borrow $40+billion to stay in biz.)
But WS keeps on pumping it up and up !
Trading at 27.31$+ right now.
Sank to 26.80 today for a while … suddenly going up again.
I was tempted to buy Puts, but didn’t trust’em.
Looks like I was right – for once !
Next stop 33$ probably!
Looks like certain Banks can never go BK in America !
LOL
@ Will
Fast forward to Zappa if you like but it’s quite an amusing read.
Inside The LC: The Strange but Mostly True Story of Laurel Canyon and the Birth of the Hippie Generation
http://tinyurl.com/ydporaw
For the ones who missed it : One week at the Hairdesser’s the recession’s impact on New York’s Upper East Side Docu Vid Must See! http://tinyurl.com/yk2a3dj
Just thinking about Soros’ theory of reflexivity
WSJ.com — In ‘The Greatest Trade Ever,’ Gregory Zuckerman Details John Paulson’s Big Win
‘Some investors later would argue that Mr. Paulson’s actions indirectly led to the creation of additional dangerous CDO investments, resulting in billions of dollars of additional losses for those who owned the CDO slices. At the time, though, Mr. Paulson still wasn’t sure his trade would work. He simply was buying protection, he said. “We didn’t create any securities, we never sold the securities to investors,” Paulson said. “We always thought they were bad loans.”‘
http://online.wsj.com/article/SB10001424052748703574604574499740849179448.html
Phil
What’s your view of Marc Faber thoughts that the FED will just PRINT & PRINT & Stocks are a BUY?
Mike
There is only ONE solution to the worlds’ ills: KILL THE BANKERS. Period.
Anything short of eradicating the entire concept of “profit” and usury is just so much bullshit.
We and our offspring will die on this planet in abject horror and decrepitude until this central issue is addressed once and for all.
Today we live in a world where some 180-odd people can say, “we maust have nuclear war”, or “we need to “cull” the human race to 500 million. Black is white; up is down; freedom is slavery; and all the rest…
It is insane.
We are actually Very Lucky that no other advanced alien civilization has happened upon this sorry rock: if they had, they would have pulled out their hand-held singularity weapon and fucking eradicated us in a fucking nano-second in the name of saving this universe from our virus of stupidity and ignorance and avarice.
It is very likely, IMO, that we are the most filthy and dumb creatures that god has ever suffered to crawl upon his multiverse.
@Mike/Liverpool … What’s your view of Marc Faber thoughts that the FED will just PRINT & PRINT & Stocks are a BUY?
I think he may be right !
It’s what has been happening, and if the FED keeps bailing the Failing, it could just go on and on.
Crazy … but maybe there’s method in this madness ( like devaluing US$ debt via US$ deval. )
I’ve said it here once, that the Chinese and other foreign debt is IMO NOT the problem, it’s the bloated and fraudulent B/Ss of US banks that is the problem.
I have no idea how they think they can solve this one , unless the scrap the US$ completely !
@ Youri
I saw that Frontline about the hair salon.
It really was striking how tight money was in that neighborhood. Clear evidence of deflation.
@Illya …”It is very likely, IMO, that we are the most filthy and dumb creatures that god has ever suffered to crawl upon his multiverse.”
I sort of agree !
Animals are saints in comparison !
I saw a German Doc. yesterday on swine flu “panic”.
GSK was effectively accused of being “too close” to the WHO.
They showed videos of “live” pigs being bulldozed into containers for disposal — shocking and disgusting !
I bought a book at the airport in Y2000 called “The Lives of Animals” … the author won the 1999 Booker prize. The book was very short, but excellent !
Aha .. Wow , he’s now been given the 2003 Nobel Prize for Literature
http://press.princeton.edu/titles/6543.html
check this one out
James K. Galbraith on Bill Moyers
http://www.pbs.org/moyers/journal/10302009/watch.html
The BOE to do MORE “QE”……….& its good for you!
http://www.telegraph.co.uk/finance/comment/rogerbootle/6480825/More-quantitative-easing-is-on-the-way—and-thats-a-good-thing.html
Mike
@Photoception … James K. Galbraith on Bill Moyers
Al Capone says “WS is crooked” !
Actually , I though it was Fank Nitti, who said on being shown ’round WS … “Sh*t, we’re in the wrong game !”
@TJ – Thanks, interesting take on that piece of US culture…
Did you know about this:
@Mike/Liverpool … The BOE to do MORE “QE”…
… don’t deny that the policy of QE carries an inflationary risk. As and when the economy recovers, if the present level of liquidity is left in the system then inflation would in due course pick up. But this risk can be averted – and there are bigger, more immediate risks. QE can only create inflation by first boosting nominal demand. Even then, the recovery needs to get close to exhausting the spare capacity in the economy before the inflationary danger lights up. Given that so far QE isn’t even having much impact on demand, we’re barely past first base.
What’s more, QE can be quickly reversed if necessary…
Did Bernanke write this ?
@Photoception
I didn’t like that interview at all. It goes right to the point…Why do people view the civil government as the government of governments. It really is a narrow picture of the world and is at the heart of the problems we face. Those two men put me to sleep.
Illya’s Survival guide:
1. Learn as many languages as possible – Spanish, French, Russian, and Chinese come to mind
2. Saving your earnings from inflation – gold and silver
3. Buying property in SA, probably Venezuela but it’s up to you
4. Gaining a medical knowledge equal to a family doctor and capable of performing basic surgical techniques – remember the MORONS you went to high school with who became doctors? Not hard to do. Obviously.
5. Taking the Spetznaz course in survival and combat – available in the Toronto area for basically peanuts: $500 for a intensive three day course or about $6,000 for a three week day-night all out fucking live or die experience – I’m scheduled for August next year and am dreading it…
6. Getting accredited for small aircraft and helicopter. Small plane is cheap and easy, helo is pretty expensive…
7. A hoard of anti-biotics and basic survival gear (seeds, knives, guns and ammo)
8. Ham radio gear that operates on batteries
9. a hammock
10. olives and gin/vodka – for making proper martinis while you watch the rest of the world sink into oblivion.
@Illya .. you forgot the baked beans !
so is gold decoupling from equities? and/or it’s inverse relation to the US$?
friday – $ up, market hammered, gold steady
monday – gold up, market/$ dollar steady
-
now that it’s totally obvious that there is no pandemic and nobody wants the vaccine, I noticed Democracy Now (i don’t listen, just look at the show topics) is questioning the vaccine. LOL.
so is gold decoupling from equities?
Gold is inflation-proof: it buys today what it bought 6000 years ago. Anything beyond that is a bonus. It cannot be “decoupled”: it’s a constant – kinda like “Penny is my constant” or “Desmond is my constant”.
PPT came in at 15:30 on the dot to prop up the DJIA !
So effing obvious !
@Phil
They always come in at 3:30. You can set your watch by it.
Gold Mining Costs At New Mines Nearly $900/Oz – AngloGold Executive
EDINBURGH -(Dow Jones)- The cost to produce gold at new mines is nearly $900 a troy ounce, underlining how rising production costs will underpin gold prices at much higher levels, a senior AngloGold Ashanti Ltd. (ANG.JO) executive said Monday.
..
..
http://www.easybourse.com/bourse/actualite/gold-mining-costs-at-new-mines-nearly-S-00-oz–ZAE000043485-754177
No wonder, as the US$ gets less and less buying power, the POG is bound to keep going up.
JMHO FWIW
@Illya .. PPT
Yes, it varies, but on a day like today ( CIT etc. ) , you can bet they’re watching !
BTW, they used to publish the numbers :
http://www.newyorkfed.org/markets/omo/dmm/temp.cfm?SHOWMORE=TRUE
And stopped dead on 31.12.2008.
I suppose they’re operating under cover now !
Congressman Kucinich on MSNBC, The Ed Show: “Restore State Single Payer”
http://www.youtube.com/watch?v=yony3z8K51Q&feature=player_embedded
http://rawstory.com/2009/10/kucinich-health-reform-legislation-a-bailout-insurance-companies/
YRCW down 61% today !!
…YRC Worldwide, Inc. provides transportation services for the shipment of industrial, commercial, and retail goods in the United States and internationally….
55,000 Employees !
http://finance.yahoo.com/q/pr?s=YRCW
LDK .. Solar Energy , also down 23% today !
Looks like Obanana’s plan is working !
Banks UP, everything else down !
@Photoception
Yep, more money destroyed than pumped in http://www.shadowstats.com/alternate_data
Look at the blue line M3 http://www.shadowstats.com/imgs/sgs-m3.gif
@Phil
The cost to produce gold at new mines is nearly $900 a troy ounce
If that is in fact real, then have i got some gold stocks for you!
That number sounds absurd to me – and I’m positive it is. But if it’s real….I’m gonna make a fucking killing…
Even Democracy Now can get it very wrong. On the vaccine part of the program today they had some propaganda person for the pharma-cartel claiming that the Swine flu vaccine is very safe. Buuulllll Shhhiiittt
@Mike/L…. Gold price
A “limit up” of $50 a month for gold?
http://themessthatgreenspanmade.blogspot.com/2009/11/limit-up-of-50-month-for-gold.html
Obviously to make QE-asier !
“I’m gross & perverted, obsessed & deranged, I’m the tool of the government and industry too, have you guessed me yet? I’m the slime oozing out of your TV set”
Not sure if I remembered it all correctly or not, just another treat from Frank Zappa.
@Illya … ” If that is in fact real ”
Yes, that is the question … can you trust Anglo Gold to tell you the truth ?
I know it was about 550$ ca. 3 months ago.
… and he “did” say “NEW” mines.
So maybe it’s a play on words …
i.e.
Reading between the lines :
Sounds like he’s saying that small gold companies may go BK if they can’t finance production ( which is what has been happening , to be bought up by Barrick, Anglo & the likes ).
For more mature mines , my guess it’ll still be around 600$ .
Sounds to me like a piece of cleverly worded PR to pump Gold.
@scott
obvious but unavoidable… enjoyed the link to ronald wright film!!!
where is the big collapse?! i will give it one more week….
@Phil
I can think of at least one mine company producing gold at $324/oz and who just got handed another massive concession…I’ll tell you about it after I buy another 100K shares…
Gold is inflation-proof: it buys today what it bought 6000 years ago.
Illya:
Where is the exchange system where gold is used directly for purchase as it was 6000 years ago? Gold is priced in fiat terms: gold is traded as a commodity.
@gb .. Congressman Kucinich on MSNBC, The Ed Show: “Restore State Single Payer”
Amazing !
Good man Kucinich !
‘Gold may touch $4,000 during this bull run’…COMEX Traders Predict $1,600 Gold… by December…
Lots of gold companies in Oz far cheaper than US$600/oz. One of my favourites is Troy Resources TRY (ASX), bought @ $0.70 12 mths ago now $2.25-$2.50 ish
on another note…wtf is happening in afghanistan?
i had read that US did not want karzai…and now they proved to him that they are able to remove him from power if they choose to ( having failed at a similar thing in Iran). Not sure if he has now agreed to sign some lucrative contracts with the US.
if karzai indeed had committed a fraud during the election..why is everyone rushing to congratulate him? why did the other guy back off? wtf ???!
@ Youri I was told to watch that frontline show..thanks for link
@frances
No shit?
I don’t understand why you can’t get your head around ‘gold as inflation-proof’???
Who the fuck CARES what the fiat currency of the day is???
It’s what gold OBTAINS per ounce or gram or whatever…why are you so set into the value of gold in relation to EX-currencies like the USD??? I don’t get where you are coming from!
If it served their purpose then the USD would be 1 to the tenth power inflated tomorrow: but that changes nothing as far as gold is concerned.
Let me say it again in the simplest terms I can think of: 3000 years ago One ounce of gold would get you 350 loaves of bread. TODAY it will get you exactly the same. What word don’t you understand?
Who the fuck cares about the USD?
My guess is, when every fker is fighting for the basic necessities for survival, an ounce of gold won’t buy you a frickin’ hotdog,…go figure : )
In other words, get yourself a stash of one world currency, along with some of these babies:
http://www.combatoptical.com/
The Afghan Chessboard
http://therealnews.com/t/index.php?option=com_content&task=view&id=31&Itemid=74&jumival=4148
nice …
Please, explain to me a world where a milligram of gold doesn’t get you a hot dog?
@op
Not really a fan of the ‘Z’ but in the 70′s when I was 15 lie on the floor head between two speakers… ‘kiss my aura dora’… really worked!!!
I’m the Slime
‘I am gross and perverted
I’m obsessed ‘n deranged
I have existed for years
But very little has changed
I’m the tool of the Government
And industry too
For I am destined to rule
And regulate you
I may be vile and pernicious
But you can’t look away
I make you think I’m delicious
With the stuff that I say
I’m the best you can get
Have you guessed me yet?
I’m the slime oozin’ out
From your TV set
You will obey me while I lead you
And eat the garbage that I feed you
Until the day that we don’t need you
Don’t go for help . . . no one will heed you
Your mind is totally controlled
It has been stuffed into my mold
And you will do as you are told
Until the rights to you are sold
That’s right, folks . . .
Don’t touch that dial
Well, I am the slime from your video
Oozin’ along on your livin’ room floor
I am the slime from your video
Can’t stop the slime, people, lookit me go
I am the slime from your video
Oozin’ along on your livin’ room floor
I am the slime from your video
Can’t stop the slime, people, lookit me go’
Frank Zappa.
http://sports.yahoo.com/video/player/nfl/16364979;_ylt=Ak_xQWt6ih6VYA3kqNijlh05nYcB#nfl/16423540
for those who entertain any illusions about change in Amerika, here are the Sheeple at their very best
Another appropriate quote from Alphonse Allais (1854-1905)
« Il faut prendre l’argent là où il se trouve : chez les pauvres. D’accord, ils n’en ont pas beaucoup, mais ils sont si nombreux ! »
“Money must be taken from where it is: with the poor. Agreed, they don’t have much, but there are so many of them!”
Frank Zappa doing The Slime on SNL 1976…
It’s called a new paradigm!,..when it’s unveiled, you’ll say, well of course, it’s obvious,.: )
The trouble with the new is, most folk don’t get it until it becomes common knowledge,..
Roll up roll up,..hot dogs for sale!,..and you can shove that pretty metal up your arse!
If you like Zappa’s analysis of TV, you might like his take on Big Brother, too: Joe’s Garage.
Head Gardasil researcher says it’s ineffective, and a “public health experiment”:
http://joshfulton.blogspot.com/2009/10/head-gardasil-researcher-drops.html
@Will
Hey, I think you’re a Frank Zappa fan
@TJ – FZ Fan
A fan out of respect for his musicianship and sincerity, but it’s not my favorite music. FZ’s music did what he wanted it to do, but it’s not beautiful music IMO.
I think one of the biggest changes here in the US with our domestic and foreign policies is that we now do in the open what used to be done in the shadows . . . torture, assassinations, rigging foreign elections, propping up dictators, helping the CIA help themselves to narcotics, stealing natural resources, allowing corporations to write legislation for Congress, etc.
To me, this is one of the most Orwellian days of Obama’s presidency. The White House is dubbing Karzai as the “legitimate leader” of Afghanistan–despite the fact that he hasn’t won any sort of an election, despite Abdullah’s rationale for boycotting the runoff elections, and despite the silence from the WH about Karzai’s brother being on the CIA payroll. If more violence comes from this Washington decision and it’s used to justify sending tens of thousands of additional troops into the Middle East, it’ll be really, really messed up. Messed up, too, if having a “legitimate leader” in Karzai somehow translates into Afghanistan not being a lost cause, and also being used as justification to send in more troops to die.
@Illya:
Goodness.
“Who the fuck CARES what the fiat currency of the day is???”
He does.
http://www.mondopoliticablog.com/wp-content/uploads/2008/05/mario-draghi1.jpg
@y’all
stacy recent summary:
‘you can take delivery of your gold if you prefer to hold your own. They do feel awesome.’
er… when you use the word ‘feel’… oh nevermind!!!
@Youri
Thanks for that link to that Frontline Program. It was very insightful. I was just in NY a little over a week ago and I have to say that while SOHO seemed crowded, it seemed there wasn’t a lot of “shopping”.
When Frontine reports on stuff like this, it reminds me that it already has hit the fan.
Woah!
Has Baxter International released a biological weapon?
http://davidrothscum.blogspot.com/2009/10/has-baxter-international-released.html
“Evidence appears to suggest that Baxter International is responsible for a new deadly outbreak of viral pneumonia in Ukraine.
It must also be noted that massive numbers of microbiologists have been dying bizarre deaths. This case of what appears to be a brave man who sacrificed it all to bring us this message may explain why so many microbiologists have been murdered.”
Looks like Tehran Univ. might be the location of some fresh protests. The neocons/PNAC really got their way, didn’t they? We’ve destabilized the entire effing Middle East.
@ Adam – Interesting . . . today is the 1st ever “world pneumonia day”: http://www.huffingtonpost.com/2009/11/02/first-ever-world-pneumoni_n_342722.html
And Ukraine has closed all of their schools to fight swine flu: http://www.google.com/hostednews/ap/article/ALeqM5gZEiW5KQGUG6UipPRvyy8rMDXlqgD9BNIGK00
say what you like, but playing with lots of rounds and bars in your hand. priceless.
Is this real?
http://www.stevequayle.com/dead_scientists/UpdatedDeadScientists.html
@y’all
Here is one for the lonesome cowboys… Yippy Kay Yay!!!
Walkin’ After Midnight.
http://www.youtube.com/watch?v=fkkM7K6smQA
@ Will
She’s just like a Penguin in bondage, boing!
Ilya,
Who do you personally buy Gold and Silver from? Names please.
You guys have to check out Sibel Edmonds’ latest blog on Afghanistan/CIA/corruption:
http://www.boilingfrogspost.com/2009/11/02/neocon-ex-congressman-his-%E2%80%98laundering%E2%80%99-business-in-afghanistan/
gb, nice Bill Hicks link, I especially enjoyed the last bit of the film, the speech by JFK, I don’t really know a lot about him other than when you walk into an Irish person’s home of a certain generation, you can be sure to be greeted by 2 things (3 if ye include the welcome) one a picure of pope John Paul and two JFK, and to be honest at was rather a bit sniffy towards him, but the speech, humbling. A man that clever must of known he was for the chop, not a bother to him, he gave them a clear shot, a lamb to the slaughter, 2nd Jesus. Moving stuff.
Food stamps will feed half of US children.
@doomandbloom .. Pepe is great !
Painting the tape
Distribution Rally and Tagged
http://www.youtube.com/watch?v=f_kTjtMNC2I&feature=sub
I can believe what I just read in CNN. I thought the american peasants were stupid, but this is beyond comprehension. This is hopeless. A nuclear energy company wants to build a nuke plant in a impoverish little town (11% official unemployment). But the company needs “free money” for the government…the people: “Most locals love it!!!”..said CNN
http://money.cnn.com/galleries/2009/news/0910/gallery.nuclear/index.html
Deep Thoughts From Marc Faber // 31-page rpt, diff Faber vid & sum >> http://tinyurl.com/yjvu8wb
Roubini On The Dollar Carry Reversal, And Why He Is Only Half Way There http://tinyurl.com/yh9s3vb
Gold 1061$
http://www.finanslinker.net/dukascopy/gold.html
http://www.bullionvault.com/
http://www.finviz.com/forex.ashx
Denniger .. Slope of Hope
Parts 4,5 & 6
http://market-ticker.denninger.net/archives/1570-Slope-Of-Hope-Interview,-Pts-4,-5-and-6.html
Yo!
Heads up:-
http://money.cnn.com/2009/10/29/news/international/european_trade_deal.fortune/index.htm
Now couple this to Tory Leader U turn on the Lisburn treaty & you have what i suspected for awhile…If the “Elite” can’t have the World, they try to secure a good part of it for the time being!
Mike
When’s my time machine gonna be fixed..??
NASA STS 88 Pics Unknown Spacecraft
http://www.dumpert.nl/mediabase/587491/87867201/nasa_sts_88_pics_unknown_spacecraft_(ufo).html
In Dutch !
Maybe Youri or Mother can understand the comments ?
A joke/prank … or what ?
I haven’t seen anyone refer to these guys at Automated Earth.
Here is something about deflation:
http://theautomaticearth.blogspot.com/
@david
what about jackie sat next to him?
Painting the jobs market.
Stimulus Creates 640,000 Jobs: A Big Lie
Colorado-based Teletech Government Solutions had worked with the Federal Communications Commission to come up with a job count for its $28.3 million contract for call centers fielding consumer questions about conversion of televisions to receive digital signals. The company reported creating 4,231 jobs – the highest number listed in the first stimulus accounting – even though 3,000 of those workers received a paycheck for five weeks or less. … Now the job count is being adjusted to less than 1,000… .
Koring Group also received two FCC contracts to help people make the switch to digital television. The company reported hiring 26 people for each of the two contracts, bringing its total jobs to 54 on the government’s official count. But the company cited the same 26 workers for both contracts, meaning the same jobs were counted twice. … The FCC spotted the problem and called company owner Steve Holland, who now says the actual job count is closer to five, not 54.
Officials at East Central Technical College in Douglas, Ga., said they now know they shouldn’t have claimed 280 stimulus jobs linked to more than $200,000 to buy three semi-trucks and trailers for commercial driving instruction, and a modular classroom and bathroom for a health education program.
The San Joaquin, Calif., Regional Rail Commission reported creating or saving 125 jobs as part of a stimulus project to lay railroad track. Because the project drew from two pools of money, the commission reported that figure twice, bringing the total to 250. Spokesman Thomas Reeves said the commission corrected the data Tuesday and changed the total to 73.
http://www.zerohedge.com/article/stimulus-creates-640000-jobs-big-lie
@Frances, We’re witnessing an epic shift away from centuries of Anglo-American domination of international trade. The financial center of gravity will shift accordingly, Money changers will continue to run things from behind the scenes until the Kingdom of Heaven is established on Earth. But they probably won’t be centered in the BoE and Fed much longer. Those hoary power brokers give little indication of reforming voluntarily in time.
The Crisis Will Put Everything Into Place
Posted on October 24th, 2009
A question I received: Based on the fact that they follow to the letter the latest political decisions concerning the financial market and its regulation, and after having received a few billion Euros from the French government, the bank, “Societe Generale” will distribute primes of up to one billion Euros to its traders! As you say, “as long as the printing facilities are operational.”
But isn’t considering any particular case just about acknowledging the illusion of the separation of the bodies, when in fact, we all want to reach the same goal? After all, anyone can, in his own way, “equate,” more or less on “love,” but few on “specialties” like banking or financial practices. Even a perfect financial system would not be very exciting, would it?
My Answer: The crisis will put everything into place. The alternative is war and other calamities. There is no other way. Relief is possible only through the explanation of how to correct ourselves.
http://www.laitman.com/category/financial-crisis/
@y’all
oh yeah ‘Lost’…. I used to ask people “do you remember that tv show ’bout 1971, with the people stuck on a desert island, after a plane crash… and the island was to be used for testing a bomb… and there was mock villages and houses, filled with mannequins???”… nobody remembered… “the dune buggies… the search for the other survivors… Rod Serling???”.
http://www.youtube.com/watch?v=B6t1azF7iCM
@Supergeek, The New People. The first thing I thought of when I heard about Lost. I was fixated by that in grade school. Wish I had held onto the tie-in comic books.
“But they probably won’t be centered in the BoE and Fed much longer. Those hoary power brokers give little indication of reforming voluntarily in time.”
I wonder what it will look like when bankers begin to panic? The move away from tangible currency is bound to leave many stranded, useless cogs for wheels that no longer turn.
Have you read or wondered about ‘real time’? Chertoff used to go on about that one a lot. He was interesting: fancied himself a writer.
I like the word ‘hoary’. like hoar frost…like a paradigm frozen in time: like Supergeek’s mannequins.
The New People (1969) commercial
http://www.youtube.com/watch?v=lC3nfHUrxlY
@TMFTG
the comics… wow, Lost:ditto… The New People, that lead character being like locke in lost also… very haunting idea for a tv show though, especially for a kid mannequins and deserted island!!!
@TMFTG
awesome… great trailer…”time has just begun”… rod serling what a dude!!!
This is a suggestion for a show.
Let me preface this with how I looked foolish one night. That’s always a good start to a story, right?
Well, I was on a first date with a girl I really liked, and I stupidly started talking about politics. For most people that’s ok, but when I start talking about politics I can go on forever.
But that wasn’t really the problem. The problem was I started talking about a “currency revaluation,” and all that stuff. And she was like, “How can the currency be revalued? Isn’t its value constantly changing relative to other currencies?”
And I was like, “Um, ah ha. Ahhh, I’m just going to sneak out this door right now, if you don’t mind.”
Now, I think that people talk about currency revaluations, because certain currencies are “pegged” to the dollar, but I didn’t understand that then, and I don’t really understand it, if I’m even right, now.
Can you guys explain this? Do a show or something. Wave a wand. Make me understand this “currency revaluation” you speak of. My love life depends on it!
- Respectfully, “Shouldn’t bring up economic matters he doesn’t really know about on dates”
@Frances, Maybe some people do still have a palpable faith and trust in the Federal Reserve, but calling USD tangible is false advertising at best. Analytic, uninflected or isolating would be less misleading antonyms for synthetic, at least as applied to fiat currencies. If the Gulf Dinar or SDR are backed by even 1% commodities, they would have an infinitely more tangible basis than the USD.
Max says to expect OPEC to start selling oil for a currency with up to 50% backing in gold. I think silver should be better represented myself, but this is all just in the planning stages as yet.
When either OPEC drops its oil-for-USD policy, or the USD collapses on its own, whichever comes first, people with their money tied up in USD will be stranded. Definitely. In Iceland, the price of imported goods nearly doubled overnight.
@SupeIrgeek, Lost definitely looks like one of Serling’s unacknowledged legacies. I wonder if Abrams has ever admitted
TNP was an inspiration for Lost. I think he is old enough to have seen TNP when broadcast.
@ManFromGlad:
By tangible I mean fungible in exchange: sdrs aren’t.
And the gold rumour is interesting. Why for any reason would the IMF lose control through such an allowance?
The dearth of information or discourse related to the sdr-manipulations ongoing makes me wonder: clean operation with no press.
@Josh, Some countries peg their currency to a basket of currencies. Often, as in the case of Singapore, the composition of the basket is undisclosed. Other countries peg their currency to just one currency, typically USD. Countries with typically larger economies can rely on manipulating interest rates, and even money supply, for a similar effect. Google “Currency Board.” This ties in with central banking, state sponsored banking cartels, and other unpleasant matters.
IMF Sells Gold to Central Bank of India, Netting $6.7 Billion
Nov. 3 (Bloomberg) — The International Monetary Fund said it is selling 200 metric tons of gold to the Reserve Bank of India for about $6.7 billion, its first sale of the precious metal in nine years.
The sale accounts for almost half the 403.3 tons that the Washington-based lender in September agreed to sell as part of a plan to shore up its finances and lend at reduced rates to low- income countries.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aAkoEr3mFLv0
Biggest Financial Firms Will Be Hurt by Capmark Bankruptcy
Well, KKR and its partners got what it wanted. Now they have to deal with the aftermath — as do the bank lenders on the $5.5 billion note. At press time Capmark’s bonds (presumably “secured”) were trading at 22 cents on the dollar, according to Bloomberg. How much the lenders (secured and otherwise) ultimately recoup will depend on the recovery of the U.S. economy and how much commercial space firms will need over the next 24 months. If the recovery stalls their losses will deepen.
http://www.nationalmortgagenews.com/lead_story/?story_id=119
What’s on the menu?
http://www.estetica-design-forum.com/off-topic/7144-how-make-pancakes-like-crack-head.html
Oscar schools the kiddies on capitalism.
http://vids.myspace.com/index.cfm?fuseaction=vids.individual&videoid=15859142
First!
November 2, 2009
Bill Black: Fire Tim Geithner
Excellent Bill Black interview via Tech Ticker. Topic de jure – The horrible job Mr. Geithner did negotiating CIT’s bailout on behalf of the American taxpayer, essentially flushing $2.3 billion down the toilet.
My crucial CLGs (”career limiting gestures”) were being a serial whistleblower and helping to cause two presidential appointees (i.e., my bosses) to resign in disgrace. I also played some role in Speaker Wright’s decision to resign in disgrace and the embarrassment of the Keating Five. Pointing out that Geithner was selected because he was a perennial failure and moral cripple, not despite these defects, pales in comparison to those CLGs.
http://www.bearishnews.com/post/2548
@Frances, SDR’s were originally referred to as Paper Gold. This was in ’69, when the gold standard was still in effect. It was proposed that countries with trade account surpluses could “draw” the paper gold credits on countries with trade account deficits. That never came to pass, but the SDR is used as a basis for international mail fees and roaming charges. The speculation then about a gap between the supply of gold and the volume of international trade could become relevant again soon.
http://en.wikipedia.org/wiki/Special_Drawing_Rights
The basket OPEC may currently be considering selling oil for may not be SDR, but instead something like the African Development Bank’s Unit of Account, which is based on the same basket as the SDR. Whether the SDR itself, or something of the GCC’s creation, the chief technical issue to be resolved is the frangibility issue you mention. I’m not clear on the details, but analysts say it could take years to make the SDR more fully traded. That, and the need for countries to unwind their current USD reserves, may be the reason rumors place the roll out for any such mechanism years in the future.
The idea put forth by Russia, in calling for an introduction of gold into the current SDR basket, is that gold and paper currencies move in contrary directions. In theory, it does sound like a stable portfolio.
The countries who immediately lept to deny talks about OPEC dropping its oil-for-USD policy have to worry about the value of their current USD reserves, as well as the possibility of a color revolution at home. The US will even resort to invasion, if it can’t pull a coup off.
@TMFG
jj abrams… cloverfield???… I lasted ’bout five mins… I saw ‘The Mist’ around the same time and I really enjoyed that… like ‘The New People’ at least it tried to make some valid points about society!!!
What is IMF?
http://www.youtube.com/watch?v=lmDzlUvIM8A
Insightful interview by puru saxena.
http://www.bloomberg.com/tvradio/portfoliomatters.html
Where did those new jobs come from?
Business Bankruptcy Filings Increased 7% in October
Business bankruptcy filings jumped in October, reversing two consecutive months of declining commercial filings and indicating that bankruptcies could continue to rise as the economy struggles to stabilize.
Last month, 7,771 businesses filed for bankruptcy protection, compared to 7,271 that sought shelter from creditors in September, according to new data from Automated Access to Court Electronic Records, or AACER, a private firm that tracks bankruptcy filings.
After two months of decline, the 7% rise in commercial filings shows that businesses are still struggling to access financing and are facing weak demand for their products.
“The margin for success is so thin that any financial hiccup” could cause a business to file for bankruptcy, said Jack Williams, a bankruptcy professor at the Georgia State University College of Law.
The tight credit markets since 2008 “will only be exacerbated” with small-business lender CIT Group Inc.’s (CIT) Chapter 11 filing Sunday, he said.
The hardest-hit industries continue to be real estate and retail, but weakness in those sectors trickles down to a number of other areas, including home building and manufacturing, Mr. Williams said.
On a year-to-year basis, business bankruptcies shot up 24% in October compared with the same month in 2008. Mr. Williams called that increase “substantial” and said it is a bad omen for the final months of 2009 and the first quarter of 2010.
“Bankruptcy filings are a lagging economic indicator so it’s likely that we’ll see bankruptcy filings increase for the next several quarters,” he said.
The first part of 2010 could bring another rash of retail-related filings as disappointing holiday sales may lead shops to seek protection from creditors, Mr. Williams said.
Through the first 10 months of the year, 74,832 businesses filed for bankruptcy, a 16% increase from the same period last year.
The total number of October bankruptcies, including both personal and commercial filings, increased 20% from the same month last year. The number of filings last month, 130,199, is the most total filings since March, and the second-highest figure recorded since the beginning of 2006.
@Supergeek, Maybe Lost’s success could make a The New People movie possible. Abrams would be the logical choice for director. It would be interesting to see how the very much 60′s themes would be recast. The original Star Trek and The Prisoner were also very much products of the 60′s, but have been recast recently.
Maybe the turn of this decade will come to be looked upon as as exciting as the late 60′s are now. This could be an even more pivotal time, but it doesn’t strike me that people are enjoying it as much.
Legal complications would probably prevent an independently funded “Pirate” The New People film. But Abrams has demonstrated that core ideas can be used to good effect.
STILL NO ONE HAS TOLD ME HOW THEY USE GOLD IN THIER REGULAR LIVES including u Stacey
N dont tell me you can make money in the stock market with it , even i know that. Some Substantial Arguement Max i challenge you too i stil feel GOLD is a 6000 year old SCAM. To Back a currency of a Country based on GOLD is LUNACY in this Day and age.
GOLD in my opnion has been a heard mentality shit. Just like Diamonds . Case in Point Blood Diamond TIA mate TIA “This is Afrika” “herd mentality people” LIKE SHEEP ooo its so sexy follow that god man too people . ROFL PMSL
LMAO ROFL PMSL the people who kill humans without a care for humaity tell us GOLD n Dimonds are precious ROFLPMSLLMAO n we follow em like “coo coo coo coo”
@Bonn, People can’t use items in the permanent collection at the Louvre in their everyday lives.
Color revolution in the works for Russia?
http://www.youtube.com/watch?v=T6b5iV72ejA
@ The Man from Glad
Exactly my point Before the Advent of Computers n a nice printer. ROFL
And Can you stop tellin me someone is better than me thats where the whole herd mentality begins The Lourve aint better than me , n u can go there n buy that nonsence Who TF cares what some idiot did 400 years back ? i would Rather own a 100 mill $ 5 Star Hotel than the Mona Lisa .
THE POINT I AM DRIVING AT IS MOST THINGS OF VALUE HAVE BEEN OVER RATED BY THE ELITE
Nicholas Cage sues ex-manager/ forced to sell properties to cover tax bills. Doesn’t look like this stuff is moving too fast
http://dealbreaker.com/2009/10/the-nicolas-cage-liquidation-s.php
So has anyone picked up on this tear jerking story.
Poor Nick has been collecting dead celeb’s homes and now he is being forced to sell to cover some bad real estate investments.
Sounds like his guy was working off the calpers investment playbook.
And now Nick is taking a lesson from Calpers by suing his manager.
@Bonn, A picture of a bar of gold has less aesthetic appeal than a bar of gold does. People are willing to pay see movies in theaters, and for any number of things other than just those which are useful at the very bottom of the hierarchy of needs.
@Y’all
looks a bit dated now!!!
Eureka – Trailer (1983)
http://www.youtube.com/watch?v=vlGn7Ikhd7E
@ Supergeek
Tell that to the 67 year old Icelander who just lost her Pension. And to the Sportsmen like Roger Federe who really figured out what the F@#K am i in the Olympics for even if i win i get a crapy Gold Medal.”I want hard cash ” is what he said .I have dedicated my life to sports i too want a family he says 6 -7 years of training n u give me a Gold at the Olympics . Thats Why now all sports have huge Monetary benifits.
And how Quaint lets Start Olympics for the Masses lets make first Prize gold oooohhh let me think Harder second prize is Silver oooo
Tellin you All you better invest in something which PEOPLE ACTUALLY USE IN THIER DAILY LIFE like LAND !!!!!!!!!!!!!!!!!!!!!!!!!! or u can get a degree in Art ROFLPMSLLMAO i am sure lotta guys who graduated in Art really worked out fine in a Wiema Republic ROFL
* @ The Man from Glad
Sorry wrong person
@ The Man from Glad
And your argument stil doese’nt hold water.What do u use GOLD for in your Daily life u still havent answered this BASIC QUESTION ?I’ve made a killing in Real estate over the last 4 years. our family bought a property for 5 K n in 1989 n we recently sold it for 250,000 K PLZ Calculate the returns and Compare it with GOLD AND i advise u to buy all the GOLD u want in a Wiema Republic i am sure you will survive ROFLPMSLMAO
@buddhabob
Who do you personally buy Gold and Silver from?
21 Dundas St Toronto. There are about a dozen dealers in the building, half of them are my clients (I’m a PM for security systems co in the GTA). Just walk into the lobby and you’ll see the names on the plaque. Also the building just east of the King Edward hotel at the SE corner has several more dealers. These guys aren’t online.
@Bonn, I wonder how much that “hard cash” he expected is worth now compared to the junk value of that medal? The people who had their wealth in gold or silver, or even works of art of value, did fine during the Weimar Republic.
If artists could make gold, it wouldn’t be particularly valuable. The problem with a degree in a fine art is that artists can’t reliably produce work people are willing to pay for.
And ever wonder why Empire’s are Judged by Size of Land Occupied ?? if you Own all the land on Earth n u say Tresspassers will be shot WTF do I do turn myself into FISH ROFLPMSLLMAO
artists can’t reliably produce work people are willing to pay for
I suggest you visit MOMA and see Monet’s Water Lilies (the wall-sized one). If that work doesn’t bring tears to your eyes then you’re not human.
On the other hand I agree: most art – especially ‘modern’ and ‘post-modern’ – I wouldn’t so much as wipe my ass with.
Bonn the GOLD Myth
I Give up. Do you know who buys houses worth 50 million dollars or more. They are people who mass produce a product which is used in for Example all cars the Clip for the Glove Compartment. The Cylinder in all mopeds . NOT People who Invest in GOLD.
You Gotta invest in something that people use in thier daily lives.AND You still haven\’nt answered how you would use GOLD in your Daily Life
@Illya, Most artists can’t reliably produce art people are willing to pay for. Just going to art school won’t make you one of the ones who can. It would be a good
investment if it did.
@Bonn
I agree, gold is a hustle. Geographically we can find these mines adjacent to opium fields, exploiting junkie induced labor. Gold tins become caches, clutched beneath the skies of these predatory vultures.
Keith Harmon Snow has done some excellent reporting on Africa, focusing on covert ops and corporate conspiracy, including exposing the gold cartels.
@Bonn, Something can be valuable even if you can’t “use” it in your daily life. Like it or not.
The Fed can create bubbles which produce spectacular returns in the short term. But the USD has lost 98% of its since the establishment of the Fed. It’s lost more than 2/3 of its value since the USD was taken off the gold standard.
The Roman Empire finally fell because it couldn’t pay its troops. To be more precise, it progressively decreased the amount
of silver in its coins to the point they became worthless.
@The Man from Glad
@Bonn, Something can be valuable even if you can’t “use” it in your daily life. Like it or not.
Are you Kidding me this is your ansewre . Go Sell Your Propaganda to the Guy with an IQ of negative 160
@Bonn, You’re right about gold not producing the most spectacular returns. Compared to any number of things during Fed induced bubbles. Like real estate. Gold is just relatively reliable, but that is a major concern at present. We don’t have many bubbles left.
I’m not denying the value of moped cylinders. I just question their long term value, which is a big concern for currencies. How much do you think one of those cylinders will be worth in 100 years? An ounce of gold sold for 20 USD in 1913.
Yo! Yo! Everybody!
I was featured on GoldmanSachs666! My article is on their frontpage right now! Yeeeeehaaaaa!!!!!
Timothy Geithner: Goldman Sachs fink in the White House
Tim is officially a fink!!! Tim “the Fink” Geithner!!
LOL!!!
This is actually my 2nd time gracing the cover of GS666. The first time was for my article How Goldman Sachs whacked Bear Stearns.
OK, Stacy… what’s up? When do I get the star treatment at MaxKeiser.com??? How about featuring a link to one of my world famous articles. Please. Pretty please. Pretty please with sugar on top.
@@The Man from Glad
@Bonn, Something can be valuable even if you can’t “use” it in your daily life. Like it or not.
You are seriously Dillusional if this is your Ansewer LOLPMSLROFL
@Bonn, What don’t you agree with about people being willing to pay for things they can’t “use” in their daily lives? Are you saying it’s not true? Or do you just call people stupid when they point out something that doesn’t support your arguments?
@The Man from Glad
I Give up i agree with u . So NOT TRUE ROFL PMSL n i cant carry on I aint Senile so i aint responding after this last statement by me, just hear your own argument again
“@Bonn, Something can be valuable even if you can’t “use” it in your daily life. Like it or not.”
@Bonn, In business practice today, “value” is what people is willing to pay for.
@Bonn, Some fiat currencies have held their value. Tally sticks in England retained their value for centuries. They allowed monarchs to increase the currency supply in proportion to the amount of goods and services traded, but in excess of the available supply of precious metals. But you can probably count on one hand the number of times governments have shown that kind of restraint when it came to issuing a fiat currency.
If you’re advocating backing USD by a commodity other than precious metals, what do you propose? Even if USD were backed by another commodity, which would be an improvement over the current state, I would still expect gold and silver to retain their value. They have the attractive feature of not being the creation of any one country or group of countries.
@The Man from Glad In business practice today, “value” is what people is willing to pay for.
Again you havent raised a compelling argument. GOLD Vs Land . If i Owned Europe and you had a mountian of GOLD n if you said to me “How about an Exchange?” I would ROFL PMSL and say “No, Please try and grow some Rice on that mountain ROFL.
What Do we have Super Computers for Mate ?
You telling me cant calculate a countrys wealth based on Known Resources ? and that could back its Currency Not some Lame ass product which we dont use in our daily Lives . I havent used Gold in my 33 years of Existence n i dont intend using it in the Future.The Reason i am Enjoying a Semi-retired life at 33 is because i ham heavily invested in Land. So go keep on buying Gold while i Play Golf everyday.ROFL
Does it put the AUD outside of the “Carry Trade” Category — I don’t know, but technically any interest rate above 2.25% is not free money. It would be nice to 3.65% to 3.85% but there are mortgage belt considerations to be made.
=====================================================
Official interest rates have risen 25 basis points to 3.5pc.
More: http://abc.net.au/news/stories/2009/11/03/2732022.htm
=====================================================
To start or stop receiving these alerts (but continue receiving the twice
daily ABC NewsMail) login with your email address at:
http://abc.net.au/news/alerts/
@Bonn, A fiat currency that were not allowed, somehow, to increase beyond a corresponding increase in GDP could retain its value. Providing interest rates were determined by the market, and not by a government backed banking cartel. And the GDP would not include derivatives, and other forms of Monopoly money. And everyone trusted the code for the program that calculated the GDP.
Real estate might be a good component of a basket of commodities backing a currency. Provided central banks, and speculators, couldn’t create bubbles in real estate value. The Roman Empire lost its real estate when it tried cutting down too much on the amount of silver in the coins it paid its soldiers with.
Empires Fall Because you cannot Micro Manage the far Ends of the Country. Me Being an Athiest realised this. How As an Empire Leader in the 12 th Century do i maintain Law and Order in My far flung Land OOOO ooooo oooo hmmm nearly got it aaah Voila Religion 10 commandments LOL ROFL you cant convince me.
the only seperation b/w a manager and his Boss is his Boss hides information from his subordinates.
Thats the rule of thumb. Leeman Brothers CEO knew his Company was going Belly up but he told the World Leehman Brothers was fine . Just Check his bet on the Stock Market on shorting or put options on Leehman Brothers I’ll Shoot myself if he is’nt involved with Insider Trading
@Bonn, the best argument I’ve read for not backing an international reserve currency exclusively with gold is that the volume of International trade is outstripping the supply of gold. Bi-metalism, or backing the currency with gold and silver, might get around that objection. But it was a concern already in ’69, motivating the creation of the SDR then.
The current internat’l. reserve, USD, is effectively backed by oil, as Ron Paul and others have pointed out. Specifically, OPEC’s oil-for-USD policy. Maybe those supercomputers will someday calculate current energy supplies into a basket backing the next international reserve. OPEC may be considering something like that already.
@Bonn
I use gold in my regular life to protect myself from inflation. In Holland I can buy and sell gold without taxes, so whenever I need cash, I go to the exchange (where they are required to accept any amount at any time) and I get my Euro’s. Ebay sale can be more attractive but takes a week.
Another use is to drive my friends crazy who all don’t think I make sense buying gold.
@Bonn, A textbook example of a non-utilitarian feature increasing value is Toyota offering cars in a wider selection of colors. The cars in the new colors were not any more functional, but offering the cars in a wider selection of colors increased sales.
@bonn
Regarding the value of gold, I read this in a book by Harry Brown in the 70s. He explained that gold has traditionally been used as a medium of exchange for several reasons. The reason gold has been prized is that it satisfies ALL these conditions very well. One is that it is scarce. Another is that it is physically pretty stable against say, corrosion, therefore storable. Another is that it is relatively easy to carry from one place to another. Another feature is that it is homogenous…you can file off some grains that are worth their weight and both the grains and the ingot they came off off retain their value. If you chip off some grains from the Hope diamond you see that diamonds don’t show so strongly in this particular measure of utility. These features of this substance have made gold the trading medium and wealth storage medium of choice for a long time. That is not to say that you cannot trade with copper, salt, coffee, bags of compost, rubies, cigarrettes, etc. I think it is because it has been found to be most convenient for storing and trading overall over time that its value is prized for this purpose, and that it has gravitated to a position of being used to define relative values between commodities in the sphere of trading. If I want to buy something, it will be easier to make a deal if I have gold to trade rather than, say, wool, or “real estate” in most situations. This is simple stuff. I hope you find it understandable.
@ The Man from Glad
Man you gotta visit a 3rd world country you are again dellusional thinking its just the wide varity of colors that helped sales go up. The Incas 500 years back were Invaded by Spain For thier Gold and Silver Hills. They never used the Gold or Silver in thier Economy they really belived in Labour and For the Life of God they could’nt understand why these Spanish People were after GOld/ Silver
@Bonn,. I agree with you about “precious” metals,..I think Tolkien elaborated quite well in his LOTR trilogy the damnation of man, and his obsession with the yellow stuff.
Trouble is Bonn, folk live in a system and they really believe it’s going to last forever, even when it’s being dismantled around them! ..fascinating.
@ Brian
Another is that it is relatively easy to carry from one place to another.
ROFL Try and carry your so called GOLD through the Streets of New York after 9 pm ROFL u’ll get shot over hype of a 6000 year old Scam. ROFL What if all Humans were Color Blind then what ? Everytime u exchange Gold as currency for Trade u gotta remove the Alchemy set ROFL Land Investment ANYTIME Over Gold
And I officially Give up
@Bonn, Just increasing the variety of colors a product, like laptops or clothes, is offered in can increase sales. Even if no other changes to the product are made. Like I said, it’s a textbook example. It’s not a controversial assertion.
@Bonn, Trying carrying your real estate with you. How much of your real estate can you be in physical possession of at one time?
ROFL Swiss Banks Post 542 million dollar Loss ROFL PMSL Jobeless Recovery
Swiss bank UBS reports third-quarter net loss of $542M, blames accounting charges of over $2B
http://www.washingtonexaminer.com/economy/ap/68827627.html
@ The Man from Glad
I dont have to carry my Real Estate
ROFL i just gotta take the Paper which Says i Own it ROFL PMSL are u in 5th Grade ???
Why Do you Think the Banks Own all the Foreclosure the screw up is they too got sold on the fact that prices of Houses will continue to go up And they got caught with there pants Down. N people are saying 300,000 $ for that House you must be Senile. I’ll wait for 3 years when that House is 120,000 $ i’ll come and buy.
ABC website tells kids when they should die
ROFL PMSL Carbon Credits ROLF
http://www.hilltopperhaven.com/board/viewtopic.php?t=12111&view=previous&sid=283e24e153b4ff69a4eacef23a51af4c
Food, water, shelter,..when these three things become scarce (I think, that’s the objective), you can kiss your yella metal goodbyeeeee!
Nice play Bonn.
India – RBI to buy 200 tonnes of IMF gold
http://www.livemint.com/2009/11/02231541/RBI-to-buy-200-tonnes-of-IMF-g.html
Here’s something I posted months ago. It’s a short verse from an article Ron Suskind posted in the New York Times, for all you “anal”ysts out there!
“The aide said that guys like me were ‘in what we call the reality-based community’, which he defined as people ‘who believe that solutions emerge from your judicious study of discernible reality’. I nodded and murmured something about enlightenment principles and empiricism. He cut me off. ‘That’s not the way the world really works anymore,’ he continued. ‘We’re an empire now, and when we act, we create our own reality. And while you’re studying that reality – judiciously, as you will – we’ll act again, creating other new realities, which you can study too, and that’s how things will sort out. We’re history’s actors.. and you, all of you, will be left to just study what we do’
UK – The Sun – I saw UFO beam up a buffalo
… Basingstoke, Hampshire.
Quick-thinking Derek grabbed his camcorder and began filming the incident above 2,500-acre Laverstoke Park Farm in Overton village at about 10.30pm….
…
… A trucker also reported seeing aliens just six miles from the farm in August 2007….
…
Meanwhile UFO experts are being urged to investigate another case of aliens playing Cattlestar Galactica to steal cows.
A US cattle rancher is blaming extra-terrestrials after finding a mutilated cow with its internal organs removed on his land.
Mike Duran claims ET abducted his animal and made a surgical study of the beast before abandoning its carcass.
The cow was found with its udders and reproductive organs removed in Las Animas County, Colorado, in March.
And Duran says it happened after he spotted strange lights hovering in the skies above his ranch. “They were like a round circle in the air,” he said. “I’ve watched them and they just disappear.”
http://www.thesun.co.uk/sol/homepage/news/2708680/I-saw-UFO-beam-up-a-buffalo.html?OTC-RSS&ATTR=News
@Bonn, You previously criticized people who hold gold for just having notes saying they possess it. Not the gold itself.
@Bonn, Were you this obnoxious before you made your real estate millions?
I am sure that Company trading in Gold Shares is AAA rated Just like How AIG was AAA
And i might Remind you the Dollar once said i represent Gold And We all know where the Dollar is going
Yo
http://www.bloomberg.com/apps/news?pid=20601087&sid=aaT.lcVDG6WA&pos=1
Mike
@ Mike2liverpool
RBS, Lloyds Get 31.3 Billion Pounds From U.K. in Second Bailout
Man these Bankesters going crazy
Lord why did’nt i Join the Banking System
These numbers are Insane they throwing out Astronomical Numbers . Man before 2006 i rarely heard Billion Dollars now its the norm of the Day.
Its Like Jon stweart said on one of his Shows- Enacting a Senior Manager in these Banks .” Hey Mike (a Junior Manager) how much did you loose this Quater 200 Mill ?
Good Job heres your Bonus 2 million Dollars “”Dont worry Govt.’s got are back.
Seems to me they are Smiling and lieing and laughing in thier Board rooms “Too Big to Fail”
@Bonn … you’re late in the Gold loop …
…These numbers are Insane they throwing out Astronomical Numbers . Man before 2006 i rarely heard Billion Dollars now its the norm of the Day…..
Said that 1 year ago … Mio/Bio/Trio. Dollars !
… and you wonder about Gold ?
Austin Powers – 1 milion dollars … oops … 100 billion dollars
http://www.youtube.com/watch?v=jTmXHvGZiSY
A dutch columnist suggests to make the phoneline to the new president of the EU a 20 Eurocent per minute service. He thinks it is not going to work so why not make it pay for itself
@ Phil …you’re late in the Gold loop
Nope in my opnion, And the Financial System is broken i think. And seems to me the banks getting Desperate by raising Credit Card rates to 30 % gives me indication that they are a Black hole.
And i will never buy Gold
Max is on Radio Five Live at the moment if you happen to be in UK or you can listen live online
@Bonn,
are you high? You seem to laugh a lot. SMPL.
@ everyone –
I have no savings or investments at all. Just some possessions which are dear to me and my own experiences on earth. Only recently have I started seriously thinking about investing in the future.
Catherine Austen Fitz’ interview OTE got me thinking – not that we need to be told how to live, but that we should work out how to beat the system and realize our awesome potential, individually and collectively.
But the system still works (well enough to hold down civil unrest)! I guess this gets back to stacy’s last post about complacency and decadence. I hate mindless consumerism, waste, inefficiency, the pillaging of earth, exploitation of the poor, war-for-profit, and hyped up soulless mass media, but I am also a beneficiary of this society, in that my needs are provided. Given what I just said, it seems crazy not to fight it. I still can’t see exactly how all of these puzzle pieces fit together. Could it be possible for power to be shifted from top tiers and redistributed fairly? Has such a thing ever truly happened in Earth’s long history?
Am I gonna have to buy gold or a farm to ride out the inevitable collapse as max warns? whaddup. Some of yall think we are seriously teetering on the edge as it were, but I can’t tell really.
Dang . . . http://www.telegraph.co.uk/earth/6483758/Japanese-fishing-trawler-sunk-by-giant-jellyfish.html
One of the many tactics being used in the strategy to bring on food shortages,.(where’s my gold)?
“There is real concern among farmers and growers across the EU that this legislation gambles with the EU’s capacity to produce its own food in the name of a completely flawed agenda to prevent us from using pesticides, fungicides, herbicides and insecticides, regardless of whether these substances are actually harmful or not.
http://www.stackyard.com/news/2009/01/arable/06_nfus_pesticides.html
The Crisis of Credit Visualized – Part 1
http://www.youtube.com/watch?v=Q0zEXdDO5JU
@Stacy, Experts Baffled by Unidentified Black Goo Floating in Arctic Ocean
http://blogs.discovermagazine.com/discoblog/2009/07/16/experts-baffled-by-unidentified-black-goo-floating-in-arctic-ocean/
@Stacy, I think this is Five Live
http://www.bbc.co.uk/iplayer/playlive/bbc_radio_five_live/
They’re talking about banks. Haven’t heard Max yet.
@Stacy … Jap Jellyfish
Yes, it is a BIG problem.
The Japs used to catch them and kill them by cutting them up … until they discovered that the Jellyfish releases millions of eggs on dying, thus increasing the problem.
@The Man from Glad … Experts Baffled by Unidentified Black Goo Floating in Arctic Ocean
My guess it has something to do with the sea warming up there ! Life forms suddenly becoming active.
@Phil – a few years ago the Japanese were blaming the Chinese for the growing problem with jellyfish . . . they said that it was all the run off from farms . . .
@The Man from Glad – I have posted some of the audio above
@Bonn, Maybe this is the time to buy into real estate,
Celebs Are Selling Their Mansions at Rock-Bottom Prices
http://omg.yahoo.com/news/celebs-are-selling-their-mansions-at-rock-bottom-prices/30561?nc
@Phil, The Green Slime (1968) trailer
http://www.youtube.com/watch?v=g79_ljVC5Wk
Open the door you’ll find the secret
To find the answer is to keep it
You’ll believe it when you find
Something screaming ‘cross your mind
Green slime
What can it be, what is the reason
Is this the end of all that breathes, and
Is it something in your head?
Will you believe it when you’re dead?
Green slime, green slime, green slime
What can it be, what is the reason
Is this the end to all that we’ve done?
Is it something in your head?
Will you believe it when you’re dead?
Green slime, green slime, green slime
@Stacy, Thanks.
Whoops!, nearly forgot,..regarding food shortages and the like:
“The common enemy of humanity is man.
In searching for a new enemy to unite us, we came up
with the idea that pollution, the threat of global warming,
water shortages, famine and the like would fit the bill. All these
dangers are caused by human intervention, and it is only through
changed attitudes and behavior that they can be overcome.
The real enemy then, is humanity itself.”
- Club of Rome,
premier environmental think-tank,
consultants to the United Nations
@ The Man from Glad
Its Gonna go Lot Lower i guess is a nice Real Estate will be available for 70,000 $ which is a resonable price for the average Joe not 2 mill, 4 mil
And i mainly Buy Land not Houses. Land prices never go below the price you bought it if u are in Real Early Like If you know where the Next Airport is Gonna be built
And for the hard of thunking,..I’ll repeat that:
“we came up
with the idea that pollution, the threat of global warming,
water shortages, famine and the like would fit the bill”,..
I say again,.WE came up,..WOULD fit the bill,..hellooooo
There is one agenda for the world, but many ways to perceive it.
http://www.youtube.com/watch?v=Mst3fOl5vH0&feature=related
Bank Robbers
Grandpa Bandit Strikes Again
http://www.nbcsandiego.com/news/local-beat/Elderly-Bandit-Strikes-Again-66699062.html
Retired Police Officer May Be ‘Grandpa Bandit’
http://cbs2.com/local/Grandpa.Bandit.Holder.2.853486.html
Best way to rob a bank is to own one of course !
@ Phil
Best way to rob a bank is to own one of course !
That had me in Stiches ROFL LMAO
“A picture of a bar of gold has less aesthetic appeal than a bar of gold does. People are willing to pay see movies in theaters, and for any number of things other than just those which are useful at the very bottom of the hierarchy of needs.”
@ManfromGlad:
Bonn’s idea about the Louvre is interesting. Why are the paintings OF the beggers in the Louvre considered more valuable that the real-live beggars OUTSIDE the Louvre? Elite control involves deception. Don’t you agree?
And the Maslov chart is a theory. It’s not axiomatic.
http://informationrain.com/wp-content/uploads/2007/08/400px-maslows_hierarchy_of_needssvg.png
Where is the pocket on that chart for human drives? My personal idea about gold is that is fufills a drive more than a need.
Nothing worse than an half-educated social worker wielding the Maslov chart.
In Japan, where one in seven are now living in poverty, and where unemployment figures now stand at a record high, at least one enterprising individual has figured out a way to brave the recession in style. Meet Kanae Kijima, a “lonely hearts” con woman the media has dubbed Japan’s “Black Widow” – an internet dating sensation, arsonist and serial killer all rolled into one. Ms Kijima, who until recently, lived in a pricey condo, drove a Benz and attended a Cordon Bleu cooking course realized she could bankroll her glitzy lifestyle by bilking lonely men out of their savings and then arranging their deaths to look like suicides:
http://www.mutantfrog.com/category/regions/japan/tokyo/
“That, and the need for countries to unwind their current USD reserves, may be the reason rumors place the roll out for any such mechanism years in the future.
The idea put forth by Russia, in calling for an introduction of gold into the current SDR basket, is that gold and paper currencies move in contrary directions. In theory, it does sound like a stable portfolio.”
The IMF is unwinding dollar positions through the sdr: sold China 50B sdr-denominated IMF bonds. The problematic being that once in sdrs the use of hard currency for needs is prohibitive: that is what is up with the gold sales to pay the interest on the sdrs for poorer countries. It’s the ultimate racket. Getting out of the sdrs is not as easy as getting in. (As Soros said, the interest is low, for now) The point of the sdr fungiblity is the old adage: you can check out any time you like but you can never leave.
http://www.actionaid.org/assets/pdf/ActionAid%20Factsheet-%20Special%20Drawing%20Rights%20%20the%20Global%20Reserve%20System.pdf
All Economics is nonsense when Insider trading is Happening
@Frances, A gold drive? That would explain why it has been valued by so many cultures. Plotinus once wrote that the beauty of a bar of gold, or a blue sky, demonstrates that beauty does not depend on complexity of form. Ultimately, the value of precious metals does derive from their ascetic appeal. Rocks are durable, and can be broken up and carried around. Even if they are a rare form of rock, they won’t normally fetch much if they can’t be used for something.
If you dislike something, whatever it is, it’s probably a bad idea to invest in it. That goes for the real estate market as much as fine art or precious metals.
Many cannot understand the appeal of Rap or Country. But people make fortunes in both.
Regarding the value of a real beggar as opposed to the depiction of one, you may have a long wait till those with enough to bid on paintings are willing to spend that much on individual beggars they come across. If only because they think they can get a better return on their investment in the painting.
Specifically regarding the issue of backing an international reserve currency with a commodity, there may be something to the objection that there is not enough gold to back the current volume of international trade. But Russia has an excellent point about how it would diversify risk in a basket of currencies. If the USD were backed with real estate, there could be reason for worry.
@Frances, Good point about the risk of buying into SDR’s. China, and other countries, must be really worried about the value of their USD reserves if they are willing to make that kind of commitment in diversifying out of USD.
‘Gold may touch $4,000 during this bull run’
2009-11-02 17:40:00
Demand Building across the Board: Worldwide demand for gold jumped by $29.7 billion in the first quarter, a 36% bolt, according to the World Gold Council. Demand for gold ETFs (Exchange Traded Funds) rocketed 540%… another trigger for the coming gold boom.
http://www.commodityonline.com/news/Gold-may-touch-$4-000-during-this-bull-run-22567-3-1.html
@ManfromGlad:
Or the sovereign wealth funds realize the impact of sdrs and hope to monopolize on that impact: colonization of the ignorant.
“Regarding the value of a real beggar as opposed to the depiction of one, you may have a long wait till those with enough to bid on paintings are willing to spend that much on individual beggars they come across. If only because they think they can get a better return on their investment in the painting.”
Maybe not too long:
http://www.ethicsworld.org/ethicsandemployees/PDF%20links/bodyparts.pdf
@Frances, Probably both. You’ll have to wait a while till God’s will is done on Earth as in Heaven. Currently the US benefits royally from its exorbitant privilege. In effect, that benefit could transfer to countries which wind up with their currencies in the SDR. Or the Gulf Dinar basket. But the US is not likely to hold onto most of the marbles for long.
@TheManfromGlad:
God’s will? Depending on which god one picks, that entity varies widely.
Man creates god to forward his drive.
Fungibility, my dear Fussybotttoms, it’s all about fungibility. If we control the resources, and the exchange, then we own the world. Too many mouth-breathers, can’t have them mucking about my orchard. Reginald, eliminate them.
I was just thinking about all those in store serveillance cameras that capture the thief in progress wheelding a gun or a club and jumping over the counter and attacking the clerk….and how we viscerally react to the violence and side with the store owner that in our gut realize that being a thief is bad…yet we don’t have that serveillance in electronic theft…we don’t visually see the billions/trillions being syphoned from the ledgers and books until a regulatory agency announces that in amazement a firm was caught cooking their books or some such fraud and we see a Bernie Madoff type being marched off to the Federal Court House…but we all know that he might be out on bail…yet the poor unfortunate thief…well he’s stands very little recourse….I guess I’m referring to the two tiered justice system and all the inequities that ensues…and for decades it has been common practice to electronically move offshore trillions into covert offshore banking islands and other locales as if they were activities that are allowed while petty theft is vilified…Frankly, I appreciate Max voicing so much rage against the empire…I could only hope he is heard more and more…I rather like investigative journalism
Buffet is buying a railroad:
http://www.huffingtonpost.com/2009/11/03/buffetts-berkshire-burlin_n_343418.html
@Frances, the SDR may be infeasible as the next international reserve until it is more easily traded. The years that could take would give the USD that much more time as an international reserve. But the Fed has already multiplied its SDR holdings 10X Aug.-Sept. Maybe the USD’s self destruction can’t wait till the SDR is fungible. Maybe the Gulf Dinar will be ready in time.
That concentration of power in countries on the IMF board you’re so afraid of is currently hoarded by the US. Specifically the US Fed. How much control the Club of Rome, or its backers, would wield over a reconstituted IMF board is debatable. I don’t place any more faith in the Anglo-American establishment. If you don’t think there will ever be divinely imposed justice on Earth, the choice between oligarchies may be all we every have.
@Frances, If the Fed cements and extends USD hegemony, we will have a New American Century. The Bush family vision of the NWO. That prospect is so alarming Europe, BRIC and even the GCC appear to be marshalling against it. Certainly snakes will be found on the board of whatever body might assume the position of the Fed in dominating world trade. Reptiles are already firmly in control of the Fed. Nothing left to do but pray.
@Frances, There are already enough Euros in circulation for it to function as an internat’l. reserve. So if the USD implodes before the SDR or Gulf Dinar are ready, maybe BRIC and the GCC can be persuaded to get behind the Euro.
@Frances, WMD is code for EUR.
@ManfromGlad:
Wonder who makes up the dollar value index basket? The dollar being in the basket with Euro makes me wonder how the endgame will play out. I don’t see any currency reserve after the dollar: I think the move away from paper currency is just that.
Waiting for divine justice? If god could mete justice later, why not today? I am sickened of the wait.
@Frances, Gold , silver and platin
@Frances, Gold , silver and platinum might be able to function as the next international reserve. Not sure if there are enough of them all, even combined, to handle the current volume of international trade. Again, we would probably be dealing with a basket of all three, if only to simplify trades. I suspect someone has crunched the relevant numbers already. Meanwhile, OPEC’s oil-for-USD policy acts as an effective brake on the petrodolkar’s fungibiity.
Gold , silver and platinum might be able to function as the next international reserve.
@ManfromGlad:
How do you think the big boys at the Financial Stability Board feel about the above statement? The few want control over the many: the veer away from tangible currency is the Plan. It is a world ruled by “wise men” who take their orders from the hidden ones.
As long as the world rubs their hands happily about the price of metals the currency owners continue their nefarious task.
@Frances, Do you have any figures on the volume of international trade compared to the precious metals supply? It would be so sweet if OPEC would just start selling oil for AUG. The devil’s in the details, both political and technical. The US could retaliate, and there might not be enough gold. Silver would probably be more feasible. If we have to use a basket of precious metals, then you have to deal with a board administering it. I doubt traders would want to deal with three parallel currencies — AUG, etc. — for international trade.
@Frances, Plus you need to figure in the volume of currency reserves countries maintain, for trade and other purposes.
@Frances, My mistake. Maybe I was thinking of chemistry. I think gold is XAU.
@Frqances, OPEC adopting a precious metals-for-oil policy probably falls in God’s Kingdom on Earth category. Something to hope for, but not plan for. If it were within OPEC’s power, they probably would have done it already.