Stacy Summary: Good morning, y’all. Here are some headlines I’m reading this morning . . .
“The bailed-out banks are using the injected funds simply to fill their pockets with gold”
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ref. max keiser – Get 6 mo’s free storage
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Rick Ackerman-
- Karl Denninger – Market Ticker
- The Big Picture
- Mish
- David Morgan
- King World News
- SmartKnowledge
- GoldCore
fiat money and the french revolution
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crash banksters – Buy Silver & gold
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Gold Likely To Correct In Price Because
Well the FED has tried to lie about ending quantative easing and it didn’t work to suppress the gold price [inflation trade]. They have a new [every old actually] gambit to fool the markets which will probably work in the very short term and get gold to correct down. How much who knows, but don’t sell unless you must or this may be your last real buying opportunity in the second leg of the gold bull.
I hate to post long post as most don’t ever read them, but this is important and I have seen no commentary which I can link to on this subject. So you will have to read my stuff until others catch on to their ploy. First read these links. The first explains repo’s and the second is a news story which tells about yesterday’s “First Test” of the FED’s new lie, and probably is the reason your are seeing a decline in the gold price.
Repurchase agreement – Wikipedia, the free encyclopedia
FT.com / US & Canada – ‘Reverse repo’ tool is tested live for first time
The headline from the news article proves that even these financial writers are newbies and may not understand what is going on with the FED. Repo’s have, in the past, been used by the FED all the time but in the last several years with massive money printing they have become rare, at least they are no longer reported in the media as they once were.
A RR [reverse repo] does indeed drain money from the banking system but the usual RR is usually an “overnight” adjustment made by the FED. These repo’s to be effective must have durations of much longer than just overnight. So you can count on these RR having much longer durations.
The question is: Is this the end of Quantative Easing? No way as these RR’s must eventually be ended as that is what they are, to be repurchased and ended. Now all sorts of mischief can be created and lies told with these RR’s. Technically the FED could RR its entire growth in its balance sheet, which would drain all the money out of the banks. This would of course cause interest rates to skyrocket so don’t think that they would try to go this far.
This is just another lie in a “brand-old suit.” As the security collateral never leaves the FED’s balance sheet in the first place they are not reducing Quantative Easing but merely adjusting the level somewhat.
In the olden days the FED used repo’s and reverse repo’s to fine tune the amount of funds which the banks had on hand. This “quaint” notion of fine tuning became absurd when they added $1.5 trillion to their balance sheet in just weeks so you haven’t heard much about repo’s recently.
The best analogy that I can think of for this FED action is this: The entire spillway of the Hoover Dam has been opened flooding the entire lower Colorado Basin and much of Los Angeles under mountains of worthless paper. The use of reverse repo’s in this ongoing operation is like using an “eye dropper” to adjust the flow.
This is yet another lie being told to the markets but this one will probably have a temporary psychological effect downward on the gold price [inflation trade]. But cheer up buck-o’s it will end soon and gold will march ever upward until it probably reaches infinity.
Links To the above post as they did not post properly:
http://en.wikipedia.org/wiki/Repurchase_agreement
http://www.ft.com/cms/s/0/00a6c684-e075-11de-8494-00144feab49a.html
May be this is how the £ & $ get killed, everone goes for higher rates, but UK/Us can not.
Mike
You would think that the government in the US would print up 1 billion USD in 100s and give it to these bankers as a reward for having to bail them out.
If you think about how America is actually run — the fact that this has not happened hints at even deeper levels of internal systemic failure.
That is 1 billion USD in paper cash per banking CEO per year, per previous post.
the hedge funds, like John Paulson (now owner of 150 tons of gold) have the power to bust the comex.
will they?
they have no political affiliation and like Soros who broke the British Pound in ’93 know how much money you can make when you bust up a gov’t sponsored price rigging scheme like the one we see on the Comex.
The ADP National Employment Report, November, 2009
Nonfarm private employment decreased 169,000 from October to November 2009 on a seasonally adjusted basis, according to the ADP National Employment Report®. The estimated change of employment from September to October was revised by 8,000, from a decline of 203,000 to a decline of 195,000.
http://www.adpemploymentreport.com/
May be they attack London Metals exchange….less “Come back” ?
Mike
gold $1,500?
http://www.321gold.com/editorials/russell/russell120309.html
by the way – the Pound did crash against the Euro
who cares about the dollar?
that was a thing of beauty for us in the eurozone
Re: Trichet and interest rate
Article doesn’t mention the margin rate though does it?
@Max .. 150 Tons of Gold
150 US Tons ?
= 4,375,000 Troy ounces
= 4,800,000 ounces
150 UK Tons ?
= 4,900,000 Troy ounces
= 5,376,000 ounces
Whatever !
That still ca. 5 Bio$ for 150 tons f Gold.
That is FAR TOO CHEAP IMO.
Look what the Governments are throwing around these days … Trillions !
Just proves that their Paper Currency is worthless and meaningless !
Hi guys, this is close to being a must read on gold (and game theory and central banks). A good one(!): http://unqualified-reservations.blogspot.com/2009/12/gold-and-central-banks-game-theory.html
oh… raise the rates by all means.. now that we’ve flooded consumers with credit.. RAISE THE DAMN RATES!!
RAISE THEM I TELL YA!
The UN panel on climate change says claims UK scientists manipulated global warming data to boost the argument it is man-made should be investigated.
http://news.bbc.co.uk/2/hi/science/nature/8394483.stm
HONG KONG (MarketWatch) — China has made no major changes in the allocation of currencies that comprise its foreign exchange reserves, sticking to the status quo of the U.S. dollar as the centerpiece of its $2.3 trillion stockpile, a senior forex official in Beijing was cited as saying Friday.
Wang Xiaoyi vice director of China’s State Administration of Foreign Exchange said the depreciation of the U.S. dollar was a “long-term trend” but downplayed concerns China would abandon the defacto global reserve currency any time soon.
“The composition (of China’s forex reserves) remains as it was before. There is no major change,” Wang was cited as saying in a report by Dow Jones Newswires.
http://www.marketwatch.com/story/china-sticking-with-the-dollar-official-says-2009-12-04
a lie i imagine?
Payrolls in U.S. Probably Decreased at Slower Pace in November (Bloomberg) http://tinyurl.com/yljwm5u
The Untold Story – Emergency Unemployment Compensation Claims Surge By 265k In One Week (Zero Hedge) http://tinyurl.com/ybtnzzu
@ Bonn
Did you say you have a liferaft — for when the ship sinks, presumably?
Good luck. The older shows from this site seem to be unavailable now. Pity. This guy suggests stocking up on toilet paper instead of gold. He cuts people off if they mention Judy Wood so he’s clearly got a similar mandate to that of AJ, but he does give people shortcuts in terms of what’s coming down. He had once included India and rural Russia as possible mid-term safe havens but he might have changed his mind after seeing the latest on the RFID projects.
@Max
very cool that you always remind people that chinese products are made with salve labor.
amy hope of an approx. calculation of how much every dollar spent on chinese products takes away from the u.s. economy? if such a calculation is possible.
Oops, forgot the url
http://www.cuttingthroughthematrix.com/
Am out of town so can’t keep up with stuff but am very interested in what folks are considering in terms of lifeboats for when the ship finally succumbs to the torpedoes.
@gb
Good News!
The rat knows he’s gonna be skinned alive!
Gore cancels personal appearance in Copenhagen (The Washington Times) http://tinyurl.com/yd6whsy
The town that haunts Al Gore (Archive Salon) http://tinyurl.com/yc5gh69
@gb … HONG KONG
Watch what Politicians “do” , not what they “say”.
It seems that the key qualification of a Politician anywhere in the world is the ability “not to tell the truth” convincingly.
@M … he took a long time to get to the point !
I am very sure that most Chinese Financial Officers have “The Creature from Jekyll Island” as their Bible !
.. and watch Max, Schiff, Celente, Black, Ruppert etc. constantly !
… In other words, to fully remonetize to gold, China (or any country, even the US with Fort Knox), will have to devalue its currency. The entire event obviously devalues all fiat currencies against gold, because it sends the price from $1000 an ounce to something more like $20,000. But since the US has a huge hoard of gold, the dollar needs to devalue less against gold than other currencies, such as the yuan. Thus, in any full remonetization, China must devalue the yuan against the dollar.
… And ideally a you’ve gone all the way to a 100%-reserve hard-money standard, which means no more booms and busts. So, when I propose remonetization, what I’m saying to central bankers is the equivalent of saying to a heroin addict: after a hit of this junk, you’ll feel so high for so long, you’ll never want to shoot up again! If you can find a junkie who wouldn’t take this offer, your country has some very unusual junkies.
… Therefore, if Cheng Siwei and Hu Xiaolian follow my advice, join the bubble instead of fighting it, and unilaterally remonetize with devaluation, China should experience the following results:
First: dramatic stimulus to the Chinese economy.
Second: dramatic inflow of gold into China.
Third: dramatic, but temporary, inflation, in the context of boom conditions and general prosperity.
Fourth: eventual stabilization, with China a wealthy First World country which is the world’s financial and industrial leader.
Fifth: large gold-plated statues of Cheng Siwei and Hu Xiaolian are erected all over China.
Open Letter to Senator Judd Gregg
http://www.321gold.com/editorials/guest/lepard120409.html
U.K. Commercial Property Defaults Hit 30 Billion Pounds: FT Link http://tinyurl.com/ycbr7y7
Real estate default seen at £30 billion (Reuters) http://tinyurl.com/yzlvuuv
People, I have just learned I do not know how to eat a mango. What a mess. Pray for me.
Any thoughts on the chances of Japan going the way of Iceland?
Any thoughts on the 20 trillion dollar derivative bomb ticking away under the Australian economy?
@youri, All
calm and well-spoken
Representative Candice Miller, speaking on the House floor about ClimateGate and Cap and Trade legislation
http://www.youtube.com/watch?v=t0pRuhnFjas
@Phil
i guess i was wondering if it was a total 180° lie, the exact opposite
@Max
Busting the Comex has already happened as they appear to settle all contracts in cash. My question is: How do you set a price if you never have to deliver on the contracts. I predict the Comex will be abandoned, possibly providing te media to say gold is crashing. Do you see it that way?
@Tofu
LOL. Stick to tofu man!
@gb — argh. She calls CRU “Hadley”… I wonder how closely she has really looked at this…
HOLY SHIT
Sherry Jackson is a former IRS agent who was in Aaron Russo’s America: Freedom to Fascism. She was the who cried out, “SHOW ME THE LAW!”. She details how she is being denied medical care in prison and may be dying.
http://www.dailypaul.com/node/117601
AN EXCERPT FROM THIS MUST READ ABOUT WHY SHE IS IN JAIL. have a good laugh at this one
“This clear affirmation of such a strong sentence should be a sign to tax defiers across the country that frivolous arguments and bogus schemes do not work and can land them in prison for years,” said Nathan J. Hochman, Assistant Attorney General of the Justice Department’s Tax Division. “Under the National Tax Defier Initiative, the Tax Division continues to vigorously enforce federal tax laws against tax defier conduct throughout the nation.”
http://www.taxhonestynews.com/articles/jacksonconvictionupheld.html
Its true they are settling delivery s in cash.
btw ive got some peanuts to sell, you can buy them electronicly on my peanut website, and I will hold them peanuts for you, if you want delivery we will settle with you in cash, you will never see one peanut, ive never even seen one peanut and I run a peanut ETF business its great.
@gb ….. yep , Govt. for the people by the people .. NOT !
@Dan
Do those peanut ETF’s also come packaged as collateralized spicy peanut sauce with added liquidity? That would exite me very much!
By the way, this weeks Coco forex report:
Mango will go public this friday allowing everyone to finally judge whether it can be eaten yet. Banana futures are down due to the exodus of chimpansees afther the recent Simian Society Conference in the big tree. A decline in stranded sailors has led to disappointing sales of bottles. President of the Coco Exchange Bimbo Saucy thinks this will pick up in the next quarter..
@Mother .. London Paper Exchange
Fraud knows no bounds it seems.
The whole idea of a “Commodities Exchange” was to deal with the physical and not with paper .
Default is LONG overdue, but I suppose it’s just the same with the BK US$ …. the PTB keep the Casino wheels turning and the Casino lights flashing green .
Crazy !
@Mother … By the way, this weeks Coco forex report:
MSM reporting at it’s best !
ROTFLMAO !
Yea Bimbo Saucy give me an inside tip a few months back on them Banana futures ive been making killing shorting them.
It will be worth more than the USD in 2012 or so…
Canadian Tire launches $1 coin
http://www.cbc.ca/consumer/story/2009/12/03/consumer-canadian-tire-coin.html
Canadian Tire is adding a $1 coin to the famous multicoloured bills considered by many as the country’s unofficial second currency.
Canadian Tire Corp. announced Wednesday it will begin offering the new addition this weekend for a time-limited period. Customers will get the coin if they spend $25 or more.
Canadian Tire money, which debuted in 1958, can be used like cash at the retailer’s stores and gas bars. It was previously available in denominations between five cents and $2, all stamped with the grinning image of Sandy McTire, the company’s tam-o’-shanter bedecked and mustachioed fictional character.
The $1 coin will be manufactured at the Royal Canadian Mint, just like its official cousins, the loonie and the toonie.
[...]
@ anything but green.again
I only buy stuff after saving 100 % always lived on what i can afford never taken a loan never will too
Guess I learnt that from me Dad
Just in a wait and watch mode now RODFL
I guess they’ll come out in the open in the next 5 years
Eithe Planet Nibiru if it exists or war as Marc Faber suggests or the last which scares the crap outta me Bio- weapon
Anyways it’s gonna be the biggest costliest Theater event in the History of mankind RODFL
who cares about the dollar?
Weak dollar serves to prop US military arms exports.
And US history has always been about bragging RODFL
So they definately gonna Brag about tis too
ROFL
Go Team?
http://www.nytimes.com/2008/09/14/washington/14arms.html
Israel police ‘arrest Mossad spy on training exercise
http://news.bbc.co.uk/2/hi/middle_east/8377746.stm
This is from the comments section of the article, quite good!
Global Norming Concensus Proves Climate Strange Is Real
December 2nd, 2009 by admin
Using a highly reliable measuring system know as the five senses, human beings in their billions have come to the conclusion, that the only certainty about the weather on planet earth, is that it keeps on changing in very strange ways. Some times hot, sometimes cold, sometimes wet, sometimes dry. This mind blowing discovery that affects all our lives has been dubbed Global Norming. Otherwise know as Climate Strange. What effects this will have on future generations nobody knows, but one thing everyone agrees on is that the effects of Global Norming will be devastating.
http://blogs.telegraph.co.uk/news/jamesdelingpole/100018556/climategate-its-all-unravelling-now/
Max
When its £1.50 to the Euro THEN it will have crashed!
The Only “Thing of Beauty” you got happening around you right now is Stacy!
Many would say that thats enough ANY man….Even Tiger Woods!
Mike
@Phil
roger that – plantocracy
This one’s for Mother Earth, Stax and Macy ! : )
http://desoggybog.com/images/soggy-bog-graphic.gif
Paulson May Have Made $45.3 Million on Detour Gold
http://www.bloomberg.com/apps/news?pid=20601087&sid=awEPU0P3uJX0&pos=6
Judge orders construction of Nevada gold mine halted
ELKO, Nev. — The U.S. 9th Circuit Court of Appeals on Thursday ordered a temporary halt to construction at Barrick Gold of North America’s Cortez Hills Mine in Lander County, Nev.
The ruling is a blow to Barrick, which has nearly completed construction of the Cortez Hills facilities and is developing the open pit with an expectation of production beginning early next year.
http://www.magicvalley.com/news/local/article_e8afd199-c912-5dfc-8f16-8ea5c1d255b4.html
Unusual uses for gold
http://www.cbc.ca/money/story/2009/11/24/f-investopedia-unusual-uses-for-gold.html
The funny thing is MSM does not quite know what it’s not supposed to report RODFL
Man I’d Like to take out my trust 4 iron and have a talk with CNN reporters
Everest hosts Nepal cabinet meeting
http://www.cnn.com/2009/WORLD/asiapcf/12/04/everest.cabinet.meeting/index.html
I wonder who sponsered these idiots
The Environmental Modification Convention (ENMOD), formally the Convention on the Prohibition of Military or Any Other Hostile Use of Environmental Modification Techniques is an international treaty prohibiting the military or other hostile use of environmental modification techniques. It opened for signature on 18 May 1977 in Geneva and entered into force on October 5, 1978.
http://en.wikipedia.org/wiki/Weather_control#1977_UN_Environmental_Modification_Convention
Who are the mugs! : )
@ Dedo – Environmental Modification Techniques
Jesse Ventura is gonna touch on the topic
Imean why sign a Treaty if it does’nt exist ROFL
the skeletons are falling outta the closet
@Phil:
You do know that the audit the Fed measure is part of the FSAB plan out of the IMF? How many Americans would approve of ceding the sovereign act of coin to the IMF auspices following the inevitable bankruptcy?
Wonder if Lawrence Lepard would?
What a short-sight man Larry is: what does he think happens during a depression when the central bank is declared bankrupt? Brilliant moves!
Here’s one bright line from Lepard:
“YOU SIR ARE STUPID. YOU SHOULD RESIGN AND GIVE SOMEONE ELSE A CHANCE TO SERVE THE PEOPLE. WHEN WE SEE YOU ON TV WE LAUGH AT YOU.”
Yet, Larry is working for the same bank that employs Geither! Can Larry tie his own shoes? Or is he just as sold out as Senator Gregg? Do professionals type in all caps and such trite nonscence as “we all laugh at you”?
@Mother Earth (Cool Slauerhoff avatar)
Yep, indeed. I expected a comment on that from Max & Stacy?
Essential Info about the COMEX: Gold, the Comex and Exchange For Physical http://tinyurl.com/yzwssju
@o l m y g t,..That reminded me of Phil at his trading desk! : ) In case you missed it Phil
http://www.youtube.com/watch?v=PbcctWbC8Q0
@Dedo, Youri, Phil, Dan, Cool and funny replies..Am doing some carpenting today..
@Mother,…..Is it a boat,..big one,..for animals and stuff? : )
Good morning yall!—seems like some cheery headlines
The Netherlands is afire today over a Dutch study concluding Mount Kilimanjaro’s snow melt — used as a symbol of AGW by Al Gore — is entirely natural. http://pajamasmedia.com/blog/dutch-gore-wrong-on-snows-of-kilimanjaro/
@Dedo
No, a ladder to get more coconuts..
@MotherEarth:
Coconuts in the Netherlands?
@Mother,..LOL,…why don’t you get man Friday to do it for you? : )
http://www.youtube.com/watch?v=Hx7igSRXs6w
@Mother .. is that a picture of your father when he was young ?
Friday’s Gold dump coming I wonder
Certainly at the close… I expect 1190$.
If not, the 1300$ next week IMO !
US unemployment number out
11,000 jobs lost WAAAAA HAHAHA nothing to see move along
@Phil – gold started trading in NY ten minutes ago
link
Jobs number out
http://www.bloomberg.com/apps/news?pid=20601087&sid=a1zUV7FpCC0k&pos=1
@Stacy … yes, but as you know, the “closing price” is more important. Its a poker game during the day !
Gold straight down 12 bux off faux jobs data
I was wondering if that Security Breach at the White House was a warning of some sorts ?
“Do the right thing ,Be a Man! . ” – Russell Peters ROFL
Hyperinflation & imploding the US economy inevitable -anyone else think this is by stupidity or by design
Dubai Loses ‘Sovereign Halo’ as $3.5 Billion Nakheel Debt Looms (scroll for more) http://tinyurl.com/yeuke9a
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Crissy jobs goose up Canada’s employment figures … albeit I would assume 9000 of those jobs might be slightly overstated…
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Canada gained surprising 79,000 jobs in November
http://www.cbc.ca/canada/story/2009/12/04/unemployment-november.html
Canada added 79,000 jobs last month as the country’s unemployment rate dipped 0.1 percentage points to 8.5 per cent.
Statistics Canada said Friday that full-time employment increased by 39,000 in November, the third consecutive monthly increase, while part-time employment grew by 40,000, following two months of declines.
The job growth far surpassed the consensus expectations of economists, who had been projecting the creation of 15,000 jobs, and for the unemployment rate to rise to 8.7 per cent.
In October, the country shed 43,200 jobs as the national unemployment rate came in at 8.6 per cent.
Statistics Canada said almost all the job growth last month was attributable to the service sector, which added 73,000 jobs. Within that sector, roughly 38,000 positions were created in educational services.
Employment in the goods-producing sector showed little change in November.
@Stacy
Either Comex exodus or treasury manipulation? Can something Groundrocket?
@Dedo
Its his day off (it’s Friday)
@stacyherbert
What’s your comment on this one?
Essential Info about the COMEX: Gold, the Comex and Exchange For Physical http://tinyurl.com/yzwssju
“I’m Tired” by Robert A. Hall”
I’ll be 63 soon. Except for one semester in college when jobs were scarce,` and a six-month period when I was between jobs, but job-hunting every day, I’ve worked, hard, since I was 18. Despite some health challenges, I still put in 50-hour weeks, and haven’t called in sick in seven or eight years. I make a good salary, but I didn’t inherit my job or my income, and I worked to get where I am. Given the economy, there’s no retirement in sight, and I’m tired. Very tired.
I’m tired of being told that I have to “spread the wealth around” to people` who don’t have my work ethic. I’m tired of being told the government will take the money I earned, by force if necessary, and give it to people too lazy or stupid to earn it.
I’m tired of being told that I have to pay more taxes to “keep people in their homes.” Sure, if they lost their jobs or got sick, I’m willing to help. But if they bought McMansions at three times the price of our paid-off, $250,000 condo, on one-third of my salary, then let the left-wing Congress-critters who passed Fannie and Freddie and the Community Reinvestment Act that created the bubble help them with their own money.
I’m tired of being told how bad America is by left-wing millionaires like Michael Moore, George Soros, and Hollywood entertainers who live in luxury because of the opportunities America offers. In thirty years, if they get their way, the United States will have the economy of Zimbabwe , the freedom of the press of China , the crime and violence of Mexico , the tolerance for Christian people of Iran , and the freedom of speech of Venezuela . Won’t multiculturalism be beautiful?
I’m tired of being told that Islam is a “Religion of Peace,” when every day I can read dozens of stories of Muslim men killing their sisters, wives and daughters for their family “honor”; of Muslims rioting over some slight offense; of Muslims murdering Christian and Jews because they aren’t “believers”; of Muslims burning schools for girls; of Muslims stoning teenage rape victims to death for “adultery”; of Muslims mutilating the genitals of little girls; all in the name of Allah, because the Qur’an and Shari’a law tells them to.
I believe “a man should be judged by the content of his character, not by the color of his skin.” I’m tired of being told that “race doesn’t matter” in the post-racial world of Obama, when it’s all that matters in affirmative action jobs, lower college admission and graduation standards for minorities (harming them the most), government contract set-asides, tolerance for the ghetto culture of violence and fatherless children that hurts minorities more than anyone, and in the appointment of US Senators from Illinois.
Dollar reaching for the stars!
@Joe
Good question
IMO the original Bretton Woods and the analysis via Triffins Dilemma set the US on the road to collapse, it was inevitable, no single country can maintain their global reserve status. The issue is how long can they keep charade going, the destiny was set long ago. The US moved from the engine to the drag on global growth.
Simply, they cannot expand their internal debt in a ratio to satisfy what is needed to maintain global reserve status. Result, currency devaluation. Without that global reserve status, the standard of living in the US will drop significantly. The artificial free ride is over.
The cow has been milked to its end, now they are scrambling to find a new “global” cow. GOT MILK
time to buy folks!
buy gold and silver that is…
US$ stronger .. MSM hyping Job results ..LOL
Yesterday 1.5075 / Euro
Today 1.4929 / Euro
Ca. 1% move upwards for US$
Ca. 1% move downwards for Gold / US$
1207 x 0.99 = 1194$
Gold now = 1192$ … No surprise.
i.e. Gold is not being sold off, just the Fiat correction shows a lower value.
@dan valley,….Nearly 63 and he still doesn’t “get it” ! ,..wow
Gold to slip below $1,200 by end-2009 http://tinyurl.com/ydb9gnp
goldman lifts forecast to 1265 in 10 and 1425 in 11
@dedo…..I think he gets it…he just wants us to know hes tired.
@dan valley … Goldman lifts forecast to 1265 in 10 and 1425 in 11
Firstly , they are declaring Gold as a safer haven than Fiat money at 0% !
Secondly, only 10% p.a. … as opposed to 20% p.a. in prior years. I guess they are saying “not worth speculating on” except as a safe haven for the conservative investors.
Not that I ever believe what they say of course !
@dedo…hes tired cause it took him this long to realize it.
Blackwater’s Secret War in Pakistan: Jeremy Scahill Reveals Private Military Firm Operating in Pakistan Under Covert Assassination and Kidnapping Program http://www.democracynow.org/2009/11/24/blackwaters_secret_war_in_pakistan_jeremy
@ phil….they also claim to see fall later
US$
http://www.youtube.com/watch?v=pQkTlr9afR4
@Phil – ‘speculators’ of the large hedge fund variety could leverage up a 10% gain many times over; and for those with large savings a 10% rise in gold would also indicate to them a commensurate decrease in the value of any of their dollar savings
I shit my pants as I wait for the reaper
Lie in fetal position
Tears stream down my cheeks
As I call out for my mother
And say an act of contrition
We’ll fight this war with germs and atoms
Destroy our only home
Our mutated descendants battle the next
With sticks and stones
Are we not savages
Innately destined to maim and kill?
Blame it on the environment
Heredity or evolution we’re still responsible
Our intelligence may progress
At geometric rates
Yet socially we remain belligerent neonates
@WL
Good post – Very true it was in the making for a long time – Bernanke instead of hitting the wall at a slower pace put the peddle to the metal & now is going to hit it much harder and faster – make sure you have your seat belts on folks
@Youri,….Black ops,…not exactly breaking news is it!
(suppose it’s good entertainment for the masses)
Top Obama puppet masters didn’t even know! wooo,..intrigue and suspense lol : )
@WL:
Nice post.
“The cow has been milked to its end, now they are scrambling to find a new “global” cow. GOT MILK”
Do you think there will be one country milked in their post-industrial world or are they planning on milking herds spread over the entire globe? (Is that what you meant by ‘global’ cow?) Doesn’t it seem that Africa has been quietly carved up for sovereign or corporate interest recently with Africom set to patrol and nary a peep of protest from the liberal press?
Don’t you see the future of America as a continued milking, but with fewer cows and a lower fat percentage to the milk?
Why don’t we hear about Monsanto and the travesty of this corporation?
http://www.monsanto.com/who_we_are/locations/france.asp
http://articles.mercola.com/sites/articles/archive/2009/11/21/France-Finds-Monsanto-Guilty-of-Lying.aspx
http://www.france24.com/en/20090418-superweed-explosion-threatens-monsanto-heartlands-genetically-modified-US-crops
Globalism is being wielded as a weapon of genocide. Globalism is meant to usher in the post-industrial playground for the elite.
@DanValley:
“I’m tired of being told that Islam is a “Religion of Peace,” when every day I can read dozens of stories of Muslim men killing their sisters, wives and daughters for their family “honor”; of Muslims rioting over some slight offense; of Muslims murdering Christian and Jews because they aren’t “believers”; of Muslims burning schools for girls; of Muslims stoning teenage rape victims to death for “adultery”; of Muslims mutilating the genitals of little girls; all in the name of Allah, because the Qur’an and Shari’a law tells them to.”
I’m tired of listening to anti-Muslim rants from white idiots.
@DanValley:
Why don’t those who worry about ficticious Muslim girls turn and see the slave-trade of girls in the Mormon church here to home?
@Snoots….Short of a darwinian shit storm of violence carfully brought about by our betters….wheres the exit to this funhouse?
@frances – Dan valley
Lets just put it this way – religious zealots come in every breed and color. The ones that usually have a finer understanding of religion are usually peaceful. Religion can be used as a scapegoat when terrible atrocities occur and can be heralded used when acts of generosity and peace are done.
These are not views I hold…..I just shared them.
@Dan
I understand – i was just elaborating some
Where Bernanke got his new strategy…withdraw a little liquidity over here, and while everyone’s watching that, do something else over there…
http://www.youtube.com/watch?v=psu879qOkIo
@ joe….no worries
@frances
You know I agree with you, I just don’t’ know if they will succeed easily, these transitional periods are very unpredictable.
Simply, Farming Human productivity keeps the elites rich and in power. The trick, create the illusion of freedom.
Free range Humans are more productive.
@dan valley – yeah, well, I’d appreciate it if you don’t share the thoughts of ugly racists on this site; there were several people who ‘innocently’ shared similar thoughts by Hal Turner; and I don’t want our site to be a frigging stalking ground for the police state seeking ignorant and anonymous f*^ks:
http://finance.yahoo.com/news/Report-FBI-paid-controversial-apf-120149424.html?x=0&.v=1
New Jersey blogger about to stand trial on charges he made death threats against federal judges apparently was paid by the FBI in its battle against domestic terrorism, according to a published report.
The Record of Bergen County reported Sunday that Hal Turner received thousands of dollars from the FBI to report on neo-Nazis and white supremacist groups and was sent undercover to Brazil.
Turner also claims the FBI coached him to make racist, anti-Semitic and other threatening statements on his radio show, but the newspaper also found many federal officials were concerned that his audience might follow up on his violence rhetoric.
@will…..the old withdraw before climax play ..
Muslim men killing their sisters, wives and daughters for their family “honor”;
@ Snoot
I’m tired of listening to anti-Muslim rants from white idiots.
In reality it happens everywhere so dont break head over it ,its a moot cause.
Russel Peters – arabs jokes
http://www.youtube.com/watch?v=Nm-z5smrrT8
RODFL this guys too funny
Short of a darwinian shit storm of violence carfully brought about by our betters….wheres the exit to this funhouse?
DanValley:
We can’t leave the funhouse until we go through the hall of mirrors. After that bit one must choose, but the senses may have undergone a bit of a shelling. Choice may be hard to make: I opt for this exit:
http://www.youtube.com/watch?v=9MxSW0zGsbw
@stayC…ouch ..hal turner cant say as I have ever posted anything from or about him… and the post was more a reflection of the US public opinion at large ……thanks for the memories all.
Don Coxe live webcast now
http://events.startcast.com/events6/122/C0018/Event.aspx
@frances
someone posted this here a while ago, did you see it
Human farming
http://www.youtube.com/watch?v=P772Eb63qIY
@dan valley – well then don’t post his entire rant without comment in a non-jibber jabber entry; even within the context you say you were trying to highlight, doesn’t fit into the topic on this thread . . .
@snoots good luck with that ….and peace be with you.
@Stacy…………..yeah well dont forget to wash your hands before supper…most importantly use lots of toilet paper…never let people know that you shit or could smell like it if you weren’t to careful.Sorry, no saving face on that one.
Stacy:
Your link doesn’t work anymore. Is there another?
CIA Operated Aerial Spraying Plane Carrying “Mutated” Virus Shot Down in China http://preventdisease.com/news/09/113009_CIA_operated_H1N1_aerial_spraying_plane_shot_down.shtml
@Stacy:
That ugly rant is what many use to justify American aggression in Afghanistan and Pakistan. It sings ignorant.
You did well to point this out. It is lovely to think that this site will not tolerate racism!
I’ve learned a lot sharing ideas, but no one needs to share hate. It’s pointless.
Thats why tsoooo important where u place your Tserver’s RODFL
yall should watch Russell Peters hes too funny In my guesstimates top five all time and hes the first Indian comedian to make it in the English Arena of stand up comedy
@snoot….and would it have been soooo much more acceptable if I had said this was part of a FW email making the rounds?
Only part mind you as the rest of it was even ore ignorant
@DanValley:
I think you are finally taking something too personally. All your posts are relevant in my estimation. I objected to the man’s words: not you. I think Stacy was delineating what she would like to see in future, not singling you out.
Maybe it was a good thing you pointed it out, Dan. I think Stacy does not want her site sullied with the idea that racism is tolerated, that’s all. Nobody is claiming you agree with the man.
Goodness, looks like war propoganda to me. My mother told me she was tainted in mind her whole life from the war propoganda against the Asians in WW2. She said she couldn’t help it because it happened when she was young.
Bernanke Channels Willie Sutton In Assault On Social Security: ‘That’s Where The Money Is’ http://tinyurl.com/ylx9vlf
Many see the unemployment data as encouraging – showing that the jobs lost rate os slowing down. Very optimistic i’d say…. anyone elses thoughts?
“Bernanke reminded Congress that it has the power to repeal Social Security and Medicare”
Good LORD, Youri!!!
@ snoots…..stacys comment has been altered …as it reads now… yeah, well, I’d appreciate it if you don’t share the thoughts of ugly racists on this site; there were several people who ‘innocently’ shared similar thoughts by Hal Turner; and I don’t want our site to be a frigging stalking ground for the police state seeking ignorant and anonymous f*^ks: …….the initial comment suggested that I…me personally along with others wilfully posted racist articles of hal turner ???? This is the something new that was added…there were several people who ‘innocently’ shared similar thoughts by Hal Turner…if that was stated initially I wouldnt have taken it personally..
Bank of America soon be to off government assistance – Back to huge bonuses & reckless spending with other people’s money
http://www.bearishnews.com/post/2847
@frances
“Bernanke reminded Congress that it has the power to repeal Social Security and Medicare”
get ready for the AARP gray revolution!
@DanValley:
Gotcha.
Well, I’m sorry if I offended you. Well, not if I annoy you though.
@Joe:
Sounds like IMF austerity programs to me. Guess we get to taste what America has done to the rest of the world now. Guess it’s not pleasant.
Dylan Ratigan had Chistine Romer on his show earlier. He was trying to find out from her if there is any talk in the White House about a windfall tax on bank profits. It was really awkward; she kept reverting to worn-out rhetoric about how the WH cares about Main St., how they understand the gravity of the situation for the middle class, and how they’ve tried to get money to smaller community banks. When Ratigan pinned her down and asked her simply if they were talking about a windfall profits tax, she wouldn’t answer… said that she didn’t want to get ahead of policy, which sounded to me like “no, we haven’t considered it.”
@ Youri – Saw that yesterday. It’s quite remarkable that Bernacke had all kinds of ideas about going after Social Security and Medicare, but was mum when someone asked him if it would be appropriate to increase taxes on the wealthy. If he’s comfortable talking about entitlement policies, why not tax policies? Sadly, he’ll probably be re-confirmed because he made those comments.
@snoots….just sad a bit….I like this site and my wife also…shes thai/chinese and our kids have no concept of race differentiation…other than my dads american and my moms thai…..I used lower case for countries to show that difference too is meaningless…..sorry for all this too.
@Dan:
It’s no biggy; don’t make it so! And say HI to your wife for me!!! And if you don’t keep snoots in line: who will?
@dan valley,…..calm down,.don’t take it sooooo personally, learn and move on,..whistle while we work tum de dum : )
@Dan:
I’m still laughing about the “Jesus wept” comment. That was classic.
@Dedo:
I thought Sharon was working, er slaving? Seems you just whistle!!!
@ frances – I’ll keep you in line.
Thanks guys….as Im not listed on this site in an anonymous way I let it get to me.
Public opinion of Ben Bernacke:
http://www.ritholtz.com/blog/2009/12/not-exactly-a-vote-of-confidence/
ouch
Sadly, he’ll probably be re-confirmed because he made those comments.
EGADS! You’re right, Mep!
BTW: If I were Ratigain, I’d change my name. It sounds so rat-again.
@Mep:
Thanks!
Whom I really fear is Harry W. He has a way of sneaking up on my worst ill-thought words and then tapping me on the shoulder with this amazing rhetoric. I’m dreading an answer to my last debacle I left him.
And he comes upon one unawares days later with this superior attitude born from actual intelligence! aargh.
How To Put Americans Back To Work? Without being able to realize this what help will anything else be?
I wanna get this license plate — http://www.andrewrosssorkin.com/?p=386
The plate belongs to Morgan Stanley Vice-Chairman Rob Kindler.
Prostitutes Offer Free Climate Summit Sex http://www.spiegel.de/international/zeitgeist/0,1518,665182,00.html
The French government is about to move the country to the highest pandemic alert level allowing the implementation of full-scale martial law, according to a report in Le Figaro. http://www.theflucase.com/index.php?option=com_content&view=article&id=2165%3Afrench-government-about-to-implement-full-scale-martial-law-in-pandemic-
@Youri:
Gropenhagen!!!That’s the best link ever! You’re hot today!
@ “I’m Tired” by Robert A. Hall”
What a right wing propaganda spewing shill.
I don’t think that he spoke one shred on truth in anything he stated.
Oh maybe he works 50 hour a week. sorry
@frances snoot
Goodness, looks like war propoganda to me.
That is exactly what it is. Thank you for pointing that out.
@ stacey set up some servers in the Punjab , I can garuntee “freedom of Speech” so long as porno aint on the Servers we Indians a little touchy about Porno LOL 1.2 billion population ,,,,,,a little well connected there . Man I was supposed to inheret 125 acres of Farm land and the river changed course
due to a Dam lotsa $$$$$$$$ down the drain ironically it happened around the time I was born RODFL had to rebuild again me safety net