Stacy Summary: Reminds me of the opening clip in this promo taken from the Oracle where Max talks about the Bermuda Triangle of debt.
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Stacy Summary: Reminds me of the opening clip in this promo taken from the Oracle where Max talks about the Bermuda Triangle of debt.
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FIRST
To me the ‘In price is knowledge’ statement rings true, in pricing you see the buyers assesment of the liquidity of the asset (assuming he will not consume it). If pricing is controlled you lose that info..
The same goes for flat lending rates as opposed to participation. The flat rate hides the risk of default, while the stock (when traded freely) would constantly signal it.
Darling Seeks G-20 Plan to Deal With Asset Bubbles http://tinyurl.com/ybkchl2
Nouriel Roubini on U-Shaped Recovery, Carry Trade and Housing http://bit.ly/4ih7zz
Hey Stacy, Max!
truck on over to Denninger, he’s using your
patented (?) metaphor!
QUOTE:
Was that a threat?
And isn’t threatening the United States (whether directly or otherwise) something you’re not supposed to do?
Sounds like “Bail me out or I will crash everything.”
Isn’t that analagous to walking into a bank, opening one’s coat to reveal an explosives-laced belt, and saying “gimme all the money or everyone dies!”
Does such an act constitute a terroristic threat? You decide.
in his
Market Ticker called
http://market-ticker.denninger.net/archives/1588-Breaking-Up-The-Big-Banks.html
Great article .
In one word, the market is PRICELESS !
Great clips from Mad Max !
Love it !
Just Speculating like the Markets ROFL
Was Adolf Hitler illegitimate Adolf Rothschild
http://www.youtube.com/watch?v=FBjDZ7L8XMM
To me it looks like central planning from the politburo – and we all know what happened there
Good Vid but miss parts of this Epic Clip: Max Keiser – Aljazeera English News – 16 November 2008 http://www.youtube.com/watch?v=rZiWd0bGAdc
Snippits:
“Somebody should issue a fatwa against Henk Paulson. Somebody should issue a fatwa against Henk Paulson because he is an infidel.”
“There should be a fatwa against these guys. He’s an infidel. Henk Paulson, HIS HEAD SHOULD BE BOUNCING DOWN THE CAPITOL STEPS!
If it makes you feel any better, at least there is no 1859 Kew Event Solar Storm so far this Winter.
The possibility of such has led me to this research and solution
– http://hireme.geek.nz/solar-storm-hvac-transformer-avoidable-failure.html
That said, will anyone listen or heed the new idea?
In the US : I don’t see it.
In Canada : There is hope.
Some FT.com Headlines – Google these headlines if you want to read them:
Regions angered by EU budget proposals
BA suffers record first-half loss of £292m
RBS falls into red on £3.3bn impairment charges
UBS staff speculated on client accounts
Citi to relaunch troubled hedge fund unit
Lachlan Murdoch pays $21m for Sydney mansion
Russia woos City to aid recovery
(Moscow is seeking up to $17.8bn in Eurobond financing next year to cover deficit spending.)
FT.com: Iraq oil deal puts pressure on Opec
ExxonMobil and Royal Dutch Shell, the two biggest western oil companies, on Thursday won the right to develop Iraq’s giant West Qurna oilfield, raising the prospect of a big jump in Iraqi oil supplies.
The agreement is the third such deal this year and marks the first time a US-led consortium will re-enter Iraq’s oil industry in more than 30 years. It is a blow to Lukoil of Russia, which had signed an agreement to develop West Qurna under Saddam Hussein and had been lobbying intensely for the field in the past weeks.
Even well before the middle of the next decade, Iraq will be able to raise its production enough that the Organisation of Petroleum Exporting Countries, the cartel, might have a big conundrum on its hands, PFC said.
“As prospects increase for Iraq to approach prewar [oil production] levels … the issue of reincorporating Iraq into Opec’s system of production targets will quickly re-emerge as a topic for negotiations,” PFC said.
“The process of reaching a negotiated settlement could add further friction to what will already be a difficult process of managing oil markets during the global economy’s weak recovery.”
To boost oil prices, which have fallen by almost half since the global economic downturn took hold last year, Opec has set a maximum production level for each of its 13 members except Iraq.
Many of Opec’s countries feel the quota system is unfair and want their allocation increased. Instead, they will now have to decrease their share of the pie to incorporate Iraq.
How do you know when enough is enough?
http://www.youtube.com/watch?v=Wr5sn8GFQq4&feature=sub
Listen from 8:20 – 11:11 minutes … about banks and their tricks with “good” mortgage owners. Quoting an article from Mish.
Lindsey Williams was right! They gonna keep oil low!
And remember what he said else!:
INFLATION WILL ESCALATE OVER A PERIOD OF TWO YEARS
THE STOCKMARKET WILL CONTINUE TO GO UP AND UP AND AT THE PEAK CRASH!
BY 2012 THE DOLLAR WLL BE DEAD ( The end of the reserve currency status)
GOLD & SILVER ALL YOU CAN RELY ON ( This is only what the elite use as money)
BANK TAKE OVERS – THEY ARE GOING TO NARROW IT DOWN TO 9 BIG BANKS
TURMOIL MIDDLE EAST TWO YEARS FROM NOW
IRAN IS IN THE PICTURE TWO YEARS FROM NOW
THE WAR IS ON AFTER TWO YEARS AGAINST IRAN VIA PROXY ISRAEL
AFTER THIS WAR WILL SPREAD IN WOIII (WOIII will be used to come out of the crises just like with WOII – The are following the same scenario)
YOU ALL MUST GO WATCH WAR MOVIES IN THE NEXT TWO YEARS (You know the satanist elite always let you see it in front)
@Youri Carma .. Williams
Yeah , the crazies are now becoming respectable !
PS: I read his book a few years ago ; thought I’d wait to see how things play out. So far so good !
http://news.bbc.co.uk/1/hi/business/8346170.stm
@Phil
Always like to listen to Nick in his dark French hole, like dark holes always mystic. Put him at my Subscrip at google but don’t listen to everyone so keep up the recommend.
@Youri ..yeah, he makes good videos imo, except whe he gets too esoteric like the recent “Man Thinketh” stuff.
I sent this to the author:
Thank you for an important piece. You are starting to touch on some real issues. The Fed uses “orthodox” measures like output gap or CPI to justify its extreme measures. They dont seem to get it. You must write another article on the following issues:
- Using highly engineered statistical abstract numbers like CPI is just avoiding the real issue:
- What is the real issue? Causing a breakdown in society:Why?
1. No one trusts “words ” anymore from any official. Trust has been destroyed. “markets” were the last remaining source of “credibility”. All the market interventions are well on their way to destroying this as well. What next? Force.
2. Soon no one will trust in the US Dollar .this has nothin to do with “inflation expectations” – it has to do with the real underpinnings of the dollar – which are:
- A trust in social and business contracts. The bailouts of various types are really destroying this crucial social glue. The monetization by the Fed is also destroying the underpinnings of faith in the currency. Currency flight by domestics has always been the issue – not the cute hedonically adjusted CPI.
3. I believe there were a LOT of irresponsible speculators in our economy. These speculators expected to pay the price when they lost. The sober conservative folks smiled on at the flashy speculators secretly knowing many would crash and burn. of course when they DID crash and burn the speculators used all manner of strategem to try to get the govt to bail them out – hey why not – worth a shot. No one actually expected the govt to fall for it. the kids are now confused. Should I continue to pay my mortgage when the neighbor is living for free? This is very very corrosive. This is the real damage the Fed is doing. They are autistic academics who are operating with a very artificial model of how the world operates. They should pay more attention to the Weimar Republic – to me that is the relevant analogy to today’s issues.
The future strikes again! LHC-Universe 0-2!
http://www.popsci.com/science/article/2009-11/bread-loving-bird-shuts-down-lhc
This is another vid that should make you think: How predatory does a predator need to be if the prey is barely aware of its status..
http://news.bbc.co.uk/earth/hi/earth_news/newsid_8343000/8343195.stm
Some more Ft.com Headlines – Google these headlines if you want to read them:
Transcript: George Soros interview
Opinion: The mother of all carry trades faces an inevitable bust
Trade disputes between China and the US
US slaps duties on Beijing steel pipe imports
Public pensions may stress US state finances
Battle looms over UN funding
Watchdog forecasts gas glut
Fed spells out stance on rates
(The Federal Reserve signalled that it expected to keep interest rates near zero for at least six months, but for the first time identified factors that could lead to earlier rises)
@Bugro Bugrovich .. not bad !
OTOH, IMO you missed underlining the essence of the problem … plain FRAUD !
Collusion between Govt. & FED
Collusion between WS banks and Govt.
Collusion between Insiders and WS Banks
Collusion between Corporation Lobbyists and Govt.
Collusion between MSM & WS Banks
Not to mention the smaller cases like Madoff or Galleon.
Don’t forget, Madoff was NasDAq Chief for years, while he himself was driving his own Ponzi model.
The systemic fraud is far bigger than the penuts of Madoff’s case.
Silver is my banker.. which is yours!
Deputy FM: Israel threat to attack Iran is not bluff
…Deputy Foreign Minister Danny Ayalon has said that Israel is not bluffing in its threats to take military action against Iran’s contentious nuclear program, in remarks broadcast Friday on Sky News.
“The one who’s bluffing is Iran, which is trying to play with cards they don’t have,” Ayalon told the British station. “All the bravado that we see and the testing and the very dangerous and harsh rhetoric is hiding a lot of weaknesses.”
…
http://www.haaretz.com/hasen/spages/1126394.html
PS@Bugro Bugrovich .. not bad !
Denninger getting wiser …
More Insider Trading (UUP Options)
…CNBC just asked “is insider trading literally everywhere” on air.
The answer, as I have repeatedly chronicled here in The Ticker, appears to be “Yep!”…
http://market-ticker.denninger.net/archives/1589-More-Insider-Trading-UUP-Options.html
@ Dan,
Sad statistics on personal insolvency. Much more detail here, a very good source:
http://www.creditaction.org.uk/
@ Youri,
I saw this among old FT headlines:
Inside Blair Inc
http://www.businessspectator.com.au/bs.nsf/Article/Tony-Blair-president-EU-pd20091030-XB2QD?OpenDocument&src=sph
Looks at his financial interests in the context of being a putative candidate to be EU president.
‘Tony Blair Faith Foundation’
‘Tony Blair Associates’ etc..
How much I dislike the man for some things he did he’s not stupid and right in many ways ->
Ft.com: Soros to invest $50m in economic think-tank
George Soros, the fund manager, has pledged $50m to back a new think-tank with the mission of reconceiving the field of economics, which he describes as “a dogma whose time has passed”.
The group, to be called the Institute of New Economic Thinking, will gather luminaries in the field of economics to reflect on the ideas that allowed the latest economic crisis to transpire and to bring new ideas to a profession that some argue has become too deeply entrenched in free-market ideology.
The group’s advisory board will be studded with economists such as Jeffrey Sachs, George Akerlof, Kenneth Rogoff and Joseph Stiglitz as well as public commentators such as Anatole Kaletsky and John Kay, a Financial Times columnist. Mr Soros is pledging $5m a year for 10 years.
Mr Soros, who has long been a critic of economic “fundamentalism”, blames the unwavering belief in unchecked free markets, which remains pervasive in universities, for allowing financial markets and asset prices to melt down. Through INET, he will be indirectly funding his philosophy of “reflexivity” – that markets tend to influence perceptions of reality, which in turn feed back into markets.
“The ideologists in the free markets are still in command and I think they’ll be very difficult to remove because they have tenure,” Mr Soros said in an interview with the Financial Times.
A side-effect of the crisis has been a deep bout of self-doubt in the economics profession, which largely failed to predict the downturn. Even Alan Greenspan, one of the most faithful believers in the efficiency of markets, said he had found a “flaw” in the free-market model that defined his world view.
“The financial crisis has caused a moment of deep reflection in the economics profession, for it has put many long-standing ideas to the test,” Mr Stiglitz, winner of the 2001 Nobel prize in economics, said in a statement. “If science is defined by its ability to forecast the future, the failure of much of the economics profession to see the crisis coming should be a cause of great concern.”
Mr Soros, who has called for limits on risk, leverage and compensation at big banks, said he realises it will be difficult to uproot the predominant strain of economic thinking. He hopes, however, to inspire a groundswell of support from students that will “shift demand” at universities to include economic ideas that are more reality based and less focused on rigid mathematical models.
“I think that the financial crisis has proven that is unrealistic,” Mr Soros said of the prevailing economics literature, which assumes that people behave rationally. “The dogma has lost touch with reality.”
Phil:
true dat. I do however, believe that Beranke and Co actually think they are doing the Right Thing ( brilliantly of course). ie. I dont think their self image is that of say, a Sonny Corleone. These are the most dangerous types of course. Criminals are relatively harmeless by comparison. All the econ1010 mumbo jumbo is just basic camoflauge for an utterly destructive policy.
Tony Blair is just another Goldmanite getting ultimate governmental powers real soon.
US Commerce Department has imposed anti-dumping tariffs of up to 99% on imports of Chinese tubular goods
http://news.bbc.co.uk/1/hi/world/asia-pacific/8345881.stm
Nick makes some good pints here :
Fannie. Lease-for-Deed program.
http://www.youtube.com/watch?v=hc4IrfPXTKE&feature=sub
@Phil: “a man thinketh” …my daughter includes that booklet with her Adult Yoga DVD Level 3 distribution…now I’m going to have to read it…as she must also have a high opinion of it’s contents…thanx…The analogy of making the comments associated with both Paulson’s 3 pager…and Kajorsky’s alleged/reported note to Geithner are both examples of inflammatory remarks….yet the fire raging in front of the government beaurocrats eyes was so bright it may have appeared diffuse instead…no excuses though…I for one reiterate that the system “burst”, “melted down”, “collapsed” in 2007 when the derivative numbers exceeded any imaginable ability to underwrite them in a clear and manageable way….when the amount reached $1.2 to $1.5 quadrillion …..Denninger is spot on…the magic potion does not work…I once pointed out not only here but on the Thom Hartman Radio program last October 2008, that if the decision was made to make those derivatives ( and CDS’s ) whole…it would require a 10-20 year total application of the global economy to be applied …all $67 trillion year after year…for the next up to 20 years….what will we all do in the mean time??? eat sand???
GOLD & SILVER ALL YOU CAN RELY ON ( This is only what the elite use as money)
How do the elite use gold and silver as money, Youri? You got it in all caps, so it must be a bullet point, eh?
Saudis bomb Yemen rebels across border
By AHMED AL-HAJ and SALAH NASRAWI (AP) – 17 hours ago
http://www.google.com/hostednews/ap/article/ALeqM5jEc1918oQcQTIuIkGV8Oh2zbU56QD9BPHNPO0
@Youri carma: “Soros’…well how erudite of him!!! I suppose he’ll include/permit fraud and greed to continue as long as it doesn’t effect his investments…or include an over lord who when to markets step over the line and reinvent a system of corruption will step in a resolve the situation…..clearly Youri..you don’t trust this man????He’s a financial preddator!!!!!!
More help nears for 100,000 jobless
Hard-hit Michiganders count on Congress to act today
http://www.freep.com/article/20091105/NEWS15/311050008/1001/NEWS/More-help-nears-for-100000-jobless
@frances snoot
Yep they are bullet points told to Lindsey Williams by somebody of the elite who nearly died a week before so suposely telling the truth.
Listen and Read (scroll up) for yourself: http://tinyurl.com/y9es42a
Pastor William Also Said:
DING-DANG WHERE’D I PUT THEM NEW TEETH
YA THINK YOU COULD FIND A GOOD FRIED-FISH RESTAURANT ROUND HERE
GOTTA SELL THEM DVDS TO PAY FOR MY NEW RV DELUXE MINNESOTA TRIP
WATCH OUT FOR WIMEN. GOD MAKES PRIVISIONS FOR THET.
GOODNESS. Have I attacked a ‘man of the cloth’? Am I sure to go to hell now? OMG!
PA! Whatz that spoon ahangin in the kitchen fur?
Stella. That spoon was used by yur ant-cest-ers. Theyz wuz ROYAL.
Shoot, sure nuff? Pa, is that why wez got forks in your’n family tree?
Yep, Honey Pot. Wez gonna use our’n gold money just like Lady Fizziwitts does over’n England. That’z what the ROYALS use fur’n their money!!
Well, ding-dang-dog, Pa! I thinks you gotta hang-on-to-em-teeth of Grannies. We gotta hope in our true blood acomin out fur sure.
@frances snoot
YINK YANK SNOOT BEING FRANK!
LW IS AN YANK
HOW DEEP COULD YOU SANK
WITH YOUR BANK
QUESTIONS SOROS THINK TANK
Youri;
Stella says, thankee for the ad-vice. She’s thinkin purticular hard on it. She sayz you might like this’n link:
http://www.copyblogger.com/little-known-ways-to-write-fascinating-bullet-points/
Avoid bullet clutter at all costs.
Yes. Must be aware of bullet clutter. Watch out for that cap-lock fixation a-comin on one unawares.
@Phil: more on Nick and enough is enough…..the word he is looking for is “grok” remember that one from Ray Bradburry’s book?? Well, we who have invested in a path of heart do not line up to join the mob @WS….nor any other greed driven business model…I guess it’s a wholistic approach that we might have discovered along the way…that there is karma and and there are consequences to our actions…I for one have witnessed a generation where it was well known that the Chinese vision is to peer into the future seven generations before they make a financial decision..whereas it appears to me that westerners have sunk the bucket 10 generations to have this particular lifestyle…there was a balance at one point and the east/west were synchronized to an extent…but as I viewed the Michael Moore interview ( from another post ) on Good Morning Joe, I hear in his voice and in his words that the once acclaimed capitalist world has evolved to what it is now today…a command and control top heavy greed oriented system…a kakocracy, a thugocracy and the MSM lady Maria Barteromo just doesn’t get it!!! the iniquity of 10% unemployment and TBTF banker bonuses in the billions $$$ …is unconscionable ( he even points out that the $30 b in BAC bonuses= the $30 b in government bailouts!!!!)..WOW!!! How much does a small businessman get for a failed business model??? ZERO AND INDEBTEDNESS/FORECLOSURE TOO…
it seems everyday reality slips into an ever more nightmarish scenario. and we just and watch.
este perpetua, perhaps then we may chose to awake.
“George Soros, the fund manager, has pledged $50m to back a new think-tank with the mission of reconceiving the field of economics, which he describes as “a dogma whose time has passed”.
The group, to be called the Institute of New Economic Thinking, will gather luminaries in the field of economics to reflect on the ideas that allowed the latest economic crisis to transpire and to bring new ideas to a profession that some argue has become too deeply entrenched in free-market ideology.”
NOW if that’s not a contradiction! Soros is gathering what is termed “luminaries” from a field he insists is gridlocked in dogma.
‘George Soros, the fund manager, has pledged $50m to back a new think-tank with the mission of reconceiving the field of economics, which he describes as “a dogma whose time has passed”.’
Pricing according to the ‘free market’ is a dogma? Where would that put gold?
@Richard…. How much does a small businessman get for a failed business model??? ZERO AND INDEBTEDNESS/FORECLOSURE TOO…
Yes, the banking model MUST be changed COMPLETELY.
But firstly, I’d like to see all those WS Banksters arrested for their past deeds.
As to Maria, she is now CNBC’s boss … and whether she really is as naive as you suggest , I doubt it personally.
I remember ( yet again – sorry ) when the book about Cramer came out, Maria went sick until the following Monday. She was mentioned in the book in that Cramer had been telephoning with her and feeding her wrong information. Needless to say, there was no investigation into Cramer .. who got a regular CNBC spot a few months later !
Cramer even admitted in his own video how easily HFs can manipulate stock prices. Again .. ZILCH .. no arrests etc.
The best thing Obama could do is to bring back Elliot Spitzer .. and give him free reign while giving Markopolis and Tavakoli the SEC chair.
Until the obvious and blatant FRAUD is cleared out of the system once and for good … nothing will change !
MAX
http://ftalphaville.ft.com/blog/2009/11/06/81731/gilty-opportunism/
Mike
“How could social science be protected against this interference? I propose a simple remedy: recognize a dichotomy between the natural and social sciences. This will ensure that social theories will be judged on their merits and not by a false analogy with natural science. I propose this as a convention for the protection of scientific method, not as a demotion or devaluation of social science. The convention sets no limits on what social science may be able to accomplish. On the contrary, by liberating social science from the slavish imitation of natural science and protecting it from being judged by the wrong standards, it should open up new vistas. It is in this spirit that I shall put forward my interpretation of financial markets tomorrow.”
Soros: General Theory of Reflexivity
My way of thinking says this means that you’ll do as ‘we’ say irregardless of whether ‘our’ moves against you are rational or based in science. “We” being the ‘luminaries’. “Our” being the G20 power structure.
Whole new vistas!
Youri: is this the man we ‘yanks’ should listen to? Cause he’s talking down to you as well: the more criminal these dudes get the more condescending and arrogant. Like Sir Evelyn’s little talk to us indigenous digits.
http://www.ft.com/cms/s/2/0ca06172-bfe9-11de-aed2-00144feab49a.html
Weimar Republic parallels the U.S. more than any other I can think of.. good comparison
@Youri Carma – Lindsey Williams was right! They gonna keep oil low!
That guy is a nut. John McCain for President – it’s all planned.
Does he have any videos where he’s splashing around in his own p!ss? They would be far more entertaining than listening to all his other ramblings.
“Yes, the banking model MUST be changed COMPLETELY.”
@Phil:
Why?
@Phil: once again we agree….oh yes clear out the “bad actors”…who as you and I know won’t leave nor will their masters replace them with anyone else who thinks differently…I refer to the last three US election cycles where the electorate have been “gamed”…no populist movement here!!! Maybe we write/read on this forum because Max is stationed in Paris..the home of the Jacobin Revolution and somehow we just maybe hope we will see one here….a long shot and one that isn’t likely…I mention frequently to the young folk that there is so much detachment from the precepts of the inalienable right: ie PURSUIT OF HAPPINESS…that most folks are so psychically out of whack that they may not have an inkling to what true happiness is and may never know they lack it in their souls to ever fight to regain it…now that’s scary…if you don’t have it in your gut the sense of freedom..how do you know you lost it to begin with so that you take steps to regain it?????That my dear ol’boy is the dilema we face today….and with the mind control perpetrated by the MSM and government spokespeople everyday we have a hard road to hoe ….to change the tide…
Soro’s just see’s the world of academia and government full of Keynesian economists who think spending and debt will help the economy as they thought in WW2, though there are still those who saw this coming from the Chicago school of econ and Austrian side where low interest rates, cheap credit, and the fractional banking system all led to this. Like zerohedge said
http://www.zerohedge.com/article/analyzing-economic-conditions-needed-persistently-exceptionally-low-rates
the fed has the monopoly on economic thought and thats why they couldnt see the problem coming and still can’t see the problems they are STILL making
@Phil: don’t know what credence you allow Christopher Story….But here it goes…
http://worldreports.org/news/244_fort_hood_recovery_of_the_chinese_currency_boxes
The US sharmarket is probably doomed for a mother of all crash and burns — eventually — but probably sooner than later …
However this technical hack of the global stock market exchanges is still worth a look and in normal conditions would be a nominally useful investment tool:
http://finviz.com/map.ashx?t=geo
http://finviz.com/map3d.ashx
Sadly, its full coverage of the Canadian, Australian and NZ exchanges is only limited to shares that trade on the US sharemarket exchanges.
It has an ETF section too:
http://finviz.com/map.ashx?t=etf
Why does the gold price in all currencies meander around and then when the US market opens there’s this huge move. It’s not like everyone wakes up at the same time around the globe.
Ignorant in LA.
and the beat goes on….
EU tramples on India’s poor
http://www.guardian.co.uk/commentisfree/2009/nov/06/eu-india-free-trade-deal
@sklein: “ignorant’…no don’t say that…I have almost zero stock market exposure and even I think the answer to your question might have to do with the computer HFT that kicks starts the market bell…(BTW & FYI>>>HFT-high frequency trading )
@Phil & Youri:
Why do you both feel bank regulations should be written and foisted upon society due to the influence of men who profited from the very illicit activities that they now wish to make illegal? Soros “broke the Bank of England” to attain his position as new philosopher in resident control of US university thought. Soros is the very man now proselytizing the IMF as saviour. Sir Evelyn’s activities helped catalyst the very financial meltdown he now proffers a common sense solution for: eliminate risk taking activities by private investors.
Who is the enemy of the common man? Who stands in support of Soros and Sir Evelyn?
who indeed
http://www.greentechmedia.com/articles/read/soros-to-plunk-1-billion-into-green-tech/
@Richard
Thanks, that could be it.
I said ignorant not stupid. There’s a huge difference.
@sklein: if you have enough pluck to pay attention to this site….then being stupid is far from any reality that might describe you…I believe I can still decipher the difference