Dubai: credit crisis enters new phase

Stacy Summary:  Max did say that the credit crisis has entered phase 2 in the last news appearance, here is Merk saying the same . . .

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32 Responses to Dubai: credit crisis enters new phase

  1. But Dubai is just a little drop in big ocean…

  2. Anyone know a Good source to find earnings news for companys?

  3. Yeah, why the dollar if there as so much more attractive markets?

    Had your breakfast? Maybe you know the patient with initials H.M.? He has been neuroscience black swan, a man that would not remember anything beyond the last 2 minutes. He would laugh at the same joke over en over again and write in his diary “”today is the first time I’m awake again.”, eery but fascinating. Now his brain is being sliced up live (sorry about the twist). I have no idea why or who would beinterested but here is the link http://thebrainobservatory.ucsd.edu/hm_live.php . I find this type of treatment of volunteers in science somewhat reminiscent of the attitude of R.J. Mengele.

  4. Bernanke and Darling took one out of the books from Bernanke – we have our dollar backed by all the toxic junk the banks sold – and UK public owns billions in debt.

  5. and by Bernanke and Darling i meant Brown and darling of course :)

  6. Jim Willies latest – he has a go at the naysayers
    Gold Desafio: Global Struggle
    http://news.goldseek.com/GoldenJackass/1259826300.php

  7. LOL ;-) Gordon Brown says IMF and World bank and WTO are out of date…”They can’t deal with the environmental, economic and security problems”..

    Min 8:39 http://www.youtube.com/watch?v=mclzytQQMGI

  8. @Mother Earth
    wow nice video – NWO

  9. @Danny great link to Jim Willie

    It seems that Gold will be the means the resolve the paradox of our unreal money system. Money is (and always has been) a bit like an inverted version of Schrodinger’s cat:

    - At any one point in time, Money is neither real or imaginary (it is actually capable of being both at the same time)

    - So long as everyone believes it is real, it can be treated as if it is actually real (i.e. paper promises can buy REAL goods /services)

    - However, if there are concerns over the credibility of the money to work in the future, then it will evaporate before your eyes

    From reality to imaginary in a puff of smoke.

  10. Mike2liverpool

    Yes Dan, thanks for the link…………..WHY in GOD’s name has the £ not crashed????
    Mike

  11. frances snoot

    @Danny:
    What exactly is a “naysayer”?

    “The gold market has become, despite little recognition by the financial press, the battlefield for global control of the financial world”

    This is a ridiculous statement that completely ignores the move away from paper currency being developed through sdr-manipulation by IMF members and central banks.

    What is the new financial architecture set to resemble?

    Jim Willy may wax hyperbolic seeing as his vested interest is gold sales.

  12. frances snoot

    WHY in GOD’s name has the £ not crashed????

    If the pound crashes it would destroy the EU export market: the pound won’t crash until the dollar value index basket is reweighted or designated obsolete.

    Right, Phil?

  13. == Interesting suggestion ==

    Elimination of United States Coinage and Expiration Dates

    $0.01 United States Penny – Phase out date 04.01.2010

    $0.05 United States Nickel – Phase out date 04.01.2010

    $0.10 United States Dime-Phase out date 04.01.2010

    $0.25 United States Quarter-Phase out date 05.01.2010

    $0.50 United States Half-Dollar-Phase out date IMMEDIATELY

    $1.00 United States Dollar Coinage-Phase out date IMMEDIATELY

  14. @frances snoot … WHY in GOD’s name has the £ not crashed????

    Yeah , frustrating of course !
    ;-)

    BigMoney has to get out first.
    Where to go , where to hide is the problem.
    Maybe they (UK banks) don’t trust LME Gold ?
    Maybe they (UK Govt. owned ) aren’t allowed to buy gold or even t move their assets to foreign currencies ?

    I could just imagine the reaction if RBS management said, we’re buying Euros or Gold with our GBPs … all hell would break loose !

    Also, the GBP and US$ “represent” the system more than the newer Euro … so propping them up is probably the agreed principle by most of the CBs.

    As to the UK beig an important export market for Europe, well, all I can think of is German cars and French wine , that the UK imports bigtime.
    Pharma products are much cheaper in the UK than in Germany .. and also the UK is actually a BigPharma Exporteur !

    BTW .. I remember paying 60 pence for 100 Aspirin in the UK last summer … the sae in Germany costs nearly 6 Euros !
    Bayer makes them !

  15. frances snoot

    As to the UK beig an important export market for Europe

    @Phil:
    I never indicated this, funny, what an extrapolation on what I wrote! I was speculating on the dollar index value basket, and the relation within the basket of the currencies weighted in the basket. The euro would appreciate in ‘value’ if the pound crashed in my estimation. It’s all part of the ‘game’. I wondered about the relation to the pound that the dollar had and about the arbitrary inclusion of certain currencies and regions.

  16. frances snoot

    @Danny:
    So naysayers are relatively annoying in that what naysayers say is more like a droning irritation to the general milieux.

    But would that include suck-ups? I mean, suck-ups are annoying but are they naysayers? Your definition includes:

    “Not to be confused with non-naysayers who fight against the negativity brought forth by naysayers, make the best of a situation and are not afraid to call out a naysayer on the spot.”

    So I guess suck-ups are in and naysayers are out as far as Danny’s estimation of dialogue. In which case:
    Wow, Max. Nice tie.

    Would be appropriate.

    But, Heh, Max. Did the IMF create a put under gold at 850 to support the currency hegemony continuing through the deceptive press support of the criminal cartel operating through the BIS?

    Would be naysaying.

    Just sayin.

  17. @snoot

    As I see your fishing for an fight, I won’t bite. I use the term naysayer in reference to the section in Jim Willies article, “Enter the Clowns’. Naysayer refers to Jim Willies opinion, not mine, but I do value Jim Willies opinion.

    As for calling me a suck up, that tie joke goes back a long way so whatever man, I haven’t got the time for school-yard infighting. You ain’t getting my lunch money, póg mo thóin.

  18. frances snoot

    “Not to be confused with non-naysayers who fight against the negativity brought forth by naysayers, make the best of a situation and are not afraid to call out a naysayer on the spot.”

    God-d*mn. Why didn’t you tell me?

    What, Larry?

    Why didn’t you tell me about that big pile of steaming shit. You are all standing right next to it. Seems like you could smell it! Crap, look! It’s all on my shoe!

    Well. We didn’t want to be confused with a naysayer.

    That’s right, Larry. Seems like it’s negative talking about a pile of crap. Life is about seeing the glass half-full!

    And I wouldn’t want to be a naysayer for sure, Larry! Look, I stepped in it too, and I’m wearing heals!

    You all are freaks. You mean to say no one will say anything about the obvious just to avoid being called a name?

    …….

    Well, I’m outta here. Seems like you all aren’t even going to get to DRINK from that glass half-full and all. You’ll be too busy cleaning shit off your shoes.

  19. frances snoot

    @Danny:
    Why, you didn’t call me a naysayer? Why do you assume I was referring to your post in reference to the tie line?

  20. frances snoot

    The arbitrary assumption is often the wrong one.

  21. frances snoot

    “If truth be known, the center of the financial syndicate is the USFed, with operations headquartered in Goldman Sachs and JPMorgan”

    @Danny:
    According to Willie, the Fed’s jurisdiction extends to the BIS and the IMF: the center of power of the whole cartel is located at the Fed.

    That is another ridiculous statement. It is easily belied by a twenty minute perusal of the BIS website and of the activities and power proceeding from the Financial Stability Board as regulatory reform agency.

    Goldman Sachs is a hedge fund operative for Allianz group which is based in Germany. And JPMorgan Chase functions nicely for Sir Evelyn Rothschild, who is British.

    I’m sorry. I decline to kiss your ass. And you can keep that lunch money. If you are heavily invested in Willie’s opinions, then you’re going to need it.

  22. ECB’s Trichet: Have Important Stake In Strong US Dollar
    FRANKFURT (MNI) – European Central Bank President Jean-Claude Trichet underscored in unmistakable terms Thursday the interest of the eurozone economy in a strong dollar. “We have a very important stake in the U.S. dollar being strong,” Trichet told reporters after the Governing Council meeting here. “I trust the sincerity of the US authorities’ regarding a strong dollar.”

    Nice link to Zero: brought me here…thanks, Phil!

    That’s what I was speculating about with the pound being supported within the dollar value index basket of currency. That’s what I meant about the EU export market and the pound…

  23. Here’s Bloomberg’s take on Trichet’s words:

    http://www.bloomberg.com/apps/news?pid=20602098&sid=at0JUokAscOI

  24. “The euro has gained 18 percent against the dollar since the middle of February, threatening to slow the region’s recovery by hurting exporters. Daimler AG, the world’s second-largest maker of luxury cars, said yesterday it will shift some production to Alabama from Germany as it seeks to benefit from the cheaper dollar.”

    How does the decline of the pound exacerbate this scenerio?

  25. $0.50 United States Half-Dollar-Phase out date IMMEDIATELY

    $1.00 United States Dollar Coinage-Phase out date IMMEDIATELY

    Ya missed the last one
    USA phase out stage 2008 RODFL ;-)

  26. DOA dead on arival

  27. “Max Keiser… Arty contributor.”

  28. Bernard Romanycia

    Buy or bye bye dumb dumb dah dubai?