Stacy Summary: So . . . Alistair Darling has hit UK bankers with a 50% tax on their bonuses (until April 5th). While, over in the US, Timmy has extended TARP til next November. Thoughts? Also . . . for all your off topic conversation, of course.
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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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Tax them dry!
Everything’s great in the war zones:
http://news.antiwar.com/2009/12/08/us-losing-war-in-afghanistan-mullen-admits/
http://original.antiwar.com/updates/2009/12/08/tuesday-133-iraqis-killed-457-wounded/
How to protect your Christmas Trees. The devil made me do it.
Hello Everyone….
I heard a really good tip today for those of you who purchase real live Christmas Trees….
Be sure to add 1 Tablespoon of Robo tussin to the water…This will stop the tree from coughing it’s balls off….
Just thought I’d share….
Maybe the investment banks can start selling salary tax swaps insured by AIG?
Slush Fund!
How about re-capitalizing main st? Thats the whole problem. The capital is being siphoned off by Wall St. meanwhile everybody else gets a golden shower.
GOP Makes Deal w/Banksters to Thwart Regulatory Reform
The implication seems fairly clear: banks were being warned that if they negotiated with Durbin on cram-down, they were risking GOP support on regulatory reform. That the banking industry would take such a stance isn’t entirely surprising, when one considers the narrow financial interests that influence theindustry. But the willingness of the GOP leadership to, apparently, use regulatory reform as a cudgel to pressure banks is illuminating of the horse-trading process that occurs behind the legislative curtains.At the very least, it shows just how stacked the deck is against passing consumer-oriented reforms.
http://tinyurl.com/yzddor2
@ photoception – The plan seems to be to starve the beast. That was Dick Armey & the GOP’s plan all along. Now, they have corporate Dems on board to help. The money will start flowing once all of the states are bankrupt and politicians pull out their “private-public partnership” plans to “save” hospitals, schools, etc. I wonder why we don’t hear Naomi Klein talking about the economic shock therapy in progress?
Google real-time search is wild. Has anyone seen it? http://mashable.com/2009/12/07/google-real-time-search/
Geithner Said to Be Seeking TARP Extension Until Next October (Bloomberg) http://tinyurl.com/yj2tzm7
Bernanke Signals Fed Will Keep Outlook for `Extended Period’ of Low Rates (Bloomberg) http://tinyurl.com/y9g7cun
New underground economy http://tinyurl.com/ybpq4n8
@Mep
you may have seen this time line vid of the unemployment rate:
http://cohort11.americanobserver.net/latoyaegwuekwe/multimediafinal.html
Its like you can see the life being sucked out of the US.
50% tax is a sideshow. Placate the public in the short term with a nice, easy to digest “naughty boy!” to the banks. They’ll come out of this almost like “victims”, the government will look good, and the public will lose the will to pursue financial reform, leaving the banks open in the future for another round of larceny. Its only for one year and isn’t even above the planned higher rate for income tax anyway.
Over the whole bonus issue, the public never asks why these banks have these vast sums of money to give as bonuses in the first place, they just worry about what should be done with it… as if they have the slightest say.
Merridith Whitey says we’re going down for a second time but she “hopes i’m wrong on this”
http://www.cnbc.com/id/34325134
vid is half way down
Anyone who’s a regular Google search user will know that the only way to avoid the company tracking your online activities is to log out of Gmail or whatever Google account you use. Not any more.
As of last Friday, even searchers who aren’t logged into Google in any way have their data tracked in the name of providing a ‘better service’.
Anonymous cookie
The company explained: “What we’re doing today is expanding Personalized Search so that we can provide it to signed-out users as well. This addition enables us to customise search results for you based upon 180 days of search activity linked to an anonymous cookie in your browser.”
However, if you’ve previously been a fan of the log-out method to avoid being tracked, there’s still the option to disable the cookie by clicking a link at the top right of a search results page.
http://www.techradar.com/news/internet/web/google-expands-tracking-to-logged-out-users-656158?src=rss&attr=all
This could be a seismic shift.
Maybe Brown has realised that the bankers screwed him and he’s getting his revenge in before he’s kicked out of office. In Britain, Brown has lost so much support that Labour are trying to shore up core support. Bashing the bankers is a popular blood-sport and he’s ever one for a focus group and a band-wagon.
If Brown has realised that the banks are broke then he knows the economy is going off a cliff. Will he stop the quantative easing? That’ll tell the story. The 50% can be gotten around. If not they’ll leave to Geneva. It doesn’t matter cause The City is Zombie anyway and there’ll be no tax-take from them during Brown’s tenure!
Perhaps it’s a case of, if I’m going down I’m taking you with me. That’s the kind of guy Brown is. I know the Scottish presbyterian mindset.
As the old English saying goes:
“It is never difficult to distinguish between a Scotsman with a grievance and a ray of sunshine.”
Devils Baby Laugh http://www.wimp.com/laughingslowed/
@ photoception – yep, i’ve seen that awful map. maps showing foreclosure rates, unemployment rates, and median income as of Oct. 2009 are here: http://www.npr.org/templates/story/story.php?storyId=111494514 (You can look at individual counties by pointing w/ your mouse.)
GORDON SAVIOUR OF THE UNIVERSE PSYCHO http://www.youtube.com/watch?v=rm48tpIBhZc
@All:
To whom are we to give the powers to regulate the banksters?
Right now we are allowing the most powerful banksters to consolidate power through the regular channels.
Banks will unleash hell now!
Bank of America
Talked with a friend, works for the University of California.
He tried to deposit his paycheck for $1600 at BAC. They told him there will be a 9 day hold until the funds clear. This happened last week.
Is BAC the culprit or his employer in California? He could not get any further explanation for the hold in funds from BAC. This imo is not a confident message sent to the sheeple. Any thoughts?
GORDON BROWN Elephant in the Room http://www.youtube.com/watch?v=RYA0DsPcbaU
Drowning Street 10 GORDON THE SAVIOUR OF THE UNIVERSE Is Alive! http://www.youtube.com/watch?v=RLCSHljSZ60
@Mongo … Banks will unleash hell now!
Yes : “We are your masters” !
… because Govt. is corrupt !
—–BREAKING NEWS——
EUROPEAN UNION MAY EVAPORATE SOON!
British agent George Soros (funded early with Rothschild money), is complaining that France and Germany is trying to “sink” the City of London financial empire.
Bloomberg: http://bloomberg.com/apps/news?pid=20601087&sid=aCT6zwIHDPq0&pos=3
This is after last night Spain and Greece had their credit-rating possibly downgraded by Standard & Poors.
According to Lyndon Larouche, it looks like the British wants France and Germany to bail out the PIGS (Portugal, Italy, Greece and Spain) because their debt crisis is about
to completely blow-up!
Tax on bankers; while the taxmoney goes back to banks or debt (which goes trough central banks back to private banks) Second if the government has money, they can continue war and bail out more banks, sometime less is more. Third i remembered something about a garbage zombie state owned bank and split up “too big” financial instituons; regulations margin rates all beneficial for banks. And today my jaw fell on the floor reading how SEC thinks some financial institutions that committed the largest crimes/terrorism are too big to punish. To get on with TARP; how much is the total bail out, trillions. taking that out of account; what the … you want to use more money of which even by lawmakers is said to disappear in corrupt pockets. While no prosecution/consquences for the largest robbery in history. Goldman sachs and co are even working on their new scams. Anyways this is the reason i don’t look at the domestic news/politics/bailouts from my own country else i might grab a torch and pitchfork.
@Justget Itright
Beginning January 1, 2010 Bank of America will no longer participate in the FDIC’s Transaction Account Guarantee Program. Thus, after December 31, 2009, funds held in noninterest-bearing transaction accounts will no longer be guaranteed in full under the Transaction Account Guarantee Program, but will be insured up to $250,000 under the FDIC’s general deposit insurance rules.”
Bank of America http://www.bankofamerica.com/deposits/checksave/index.cfm?template=lc_faq_acct_info&context=&statecheck=VA&cd_bag=&sa_bag=&ch_bag=#question26
Bank of America under scrutiny, Coincidence? http://www.reuters.com/article/idUSTRE5B725920091208?rpc=60
This guy seems to know a little about it: http://www.youtube.com/watch?v=rn94OzLerVo
@ marietta – I could just punch that doofy guy. All he ever does is try to narrow economic discussions by asking about specific stocks. (Is it just me or was he implying that the real economy is “background noise”?)
@ justgetit right – Is that a new thing with him? It’s common in my experience to have a few days’ hold on funds if the person or institution who cut you a check doesn’t bank with the same bank that you do. Nine days is a really long time, though.
Elizabeth warren delivers report card on TARP
http://www.cnbc.com/id/15840232?video=1354237681&play=1
@Youri ..yes, he reckoned Sep-Dec 2010.
But I guess it’ll happen earlier .. they would never tell us in advance now would they !
They = PTB
Beginning Jan 1, 2011 the Euro will be knows as the zEuro. The lowercase “z” prefix shall be added to the word to denote its value versus “hard” currencies of the past (Swiss Franc, Deutschmark, etc.) which are now only a distant but fond memory.
@whitemale08 … EUROPEAN UNION MAY EVAPORATE SOON!
Well, now that wouldn’t surprise me actually, especially if they are playing financial war games with the US.
i.e. Europe versus US/UK.
However, please explain how you deduced this from “that” article !
@whitemale08
Nobody’s getting bailed out, that’s the trick.
Communist plots always unfold this way…
@Youri
The fdic rule change is signaling dire straights ahead. The confidence game of shoring up the sheeples money will most likely be no more, as other blight related banksters will likely join in.
Some level of panic comes to mind, where will the sheeple go to safeguard savings?
JesusObama gets celestial display in Norway:http://www.youtube.com/watch?v=CBUW_MZkQ30
Looks like Ireland has made a major sacrifice on the altar of the international bond markets
Major reductions in civil service pay of maybe close to 10% on average
also significant cuts in social welfare
cuts in capital budget
some populist but necessary tax increases on non -resisdent passport holders
But I am happy because they took 12cent off the price of a pint.
@whitemale08 .. Soros
I guess he still mad about not getting a Knighthood !
Robert Menard part 3
http://www.youtube.com/watch?v=8oYhlasKrfY&feature=related
I hope tis goes Viral
Former BOE Official Buiter Says Greece May Be First EU Default
…The European Commission “stands ready to assist the Greek government in setting out the comprehensive consolidation and reform program, in the framework of the treaty provisions for euro-area member states,” said Joaquin Almunia, who is in charge of EU economic and monetary policy. He didn’t say what form any assistance could take….
http://www.bloomberg.com/apps/news?pid=20601087&sid=aDMQfsXXnSqw&pos=2
IMO, the Olympics was the fuse to BK.
They just couldn’t afford it !
can max or stacy or anyone here explain why gold has been going down and down and down this week?
@ Will – odd. Here are two more videos: http://www.huffingtonpost.com/2009/12/09/ufo-over-norway-residents_n_385810.html
@Justget Itright
“….where will the sheeple go to safeguard savings?”
No where.
It’s said to say but a lot of people donnow their head from a hole in the ground. Maybe they can be awaken in time if the situation deteriorates fast enough maybe than they start thinking and turning off their MSM BS telly and get mad. http://www.youtube.com/watch?v=QMBZDwf9dok
Some communities make arrangements so they can pay each other with (golden/silver) coins but this will be the minority who is awake allready and also have bought food.
Bob Chapman on the AJS Market Manipulation
@Jeemobon
Don’t worry gold will go up again, listen to Bob:
Dec 4 2009 part 1
http://www.youtube.com/watch?v=g6Crc57KPmA
Dec 4 2009 part 2
http://www.youtube.com/watch?v=NH9-qsyyqxc
Dec 4 2009 part 3 final
http://www.youtube.com/watch?v=2WS41kPigBU
Re: Norway, some people are speculating that the lights were caused by a Russian missile test: http://www.dailymail.co.uk/news/worldnews/article-1234430/Mystery-spiral-blue-light-display-hovers-Norway.html
@Youri—mad as hell
Each community will adjust in its own way, some good, most bad I would guess. Storing food is key, and storing things to trade with is key. This list was posted here some time ago. I am widdling away and preparing for this time. I pray it never happens, but I will try to prepare the best for my family. I prefer guns and ammo as the real persuader, some gold and silver will help, and much from this essential list.
http://thepowerhour.com/news/items_disappearfirst.htm
@Mep – odd.
Indeed. My best guesses:
1) Psy-op, preparing us for the deification ceremony of Obama and other world political figures. Don’t laugh, it worked in Rome.
2) Vacuum hole opening up to harvest all the non-smokers for a new menu item, being developed at “the restaurant at the end of the galaxy.”
3) Global blue-lighting, caused by eating too many GM french fries at McDonalds.
4) Practice run for “The Rupture.”
Have I left out any other possibilities. Nah, it can’t be a wormhole or stargate, that’s just too mundane.
…which high profile person is gonna get whacked first?
@rich
been thinking that thought for several weeks now .. lol
Any thoughts?
Did your friend try cashing the check and then depositing the funds as cash? That works for me.
@ will – #3 is my favorite
frances
bac would not let him cash it, period. Making him wait for clearance. Some banks have a 3 to 5 day clearance process, but 9 days?
Insider selling to buying ratio is at 82:1
http://www.zerohedge.com/article/most-recent-insider-selling-buying-ratio-821
Was Volatility in the Price of Oil a Cause of the 2008 Financial Crisis?
http://www.energybulletin.net/node/50923
@Justget Itright
If the people don’t wake up in time, and I am gonna be a little cynical here but unfortunately it’s the truth, they don’t have to wake up anymore but will needly die!
An other big Virus wave is expected from Jan, 2010 probably the Tamiflu resistant H1N1 variant and mayby with the D225G deadly mutation. Maybe they gonna spray it out over the sheople cause they havn’t the faintest idea what is going on. If you tell them they won’t believe you anyways.
CIA Operated Aerial Spraying Plane Carrying “Mutated” Virus Shot Down in China http://tinyurl.com/y8hpj3p
US Reported In “Panic” After Chemtrail Planes Forced Down In India, Nigeria http://tinyurl.com/kwl5da
More on CIA plane shot down while spraying China with bioterror swine flu http://tinyurl.com/ygtk8g8
Well, now that wouldn’t surprise me actually.
Why do you say that, Phil? Mr. Bean disagrees.
@JustGotItRight:
Why doesn’t he switch banks? That’s termed floating the check and it’s a generally disreputable practice. They should pay your friend interest on the money.
@JustGotItRight:
http://www.consumersunion.org/finance/ckclear1002.htm
@ Max & Stacy – Have you two ever tried to contact Naomi Klein for an interview? It would be cool to see you guys talk Copenhagen/climate change and economics with her. @ Max you could get your opportunity to ask her why she didn’t mention Saddam pricing oil in euros.
@Youri
lol—yeah, try talking to sheeple about these issues, they look at us like were nuts.
Seems odd the hiny virus hype has subsided in the states as the vaccines arrived and were pumped into some of the sheeple, guess the pharmys made there $$ on the first round.
another wave of hiny? figured that was juat a matter if time …
@Mep
you know that guy you mentioned on CNBC..
I think he wears his toupee too tight.
DOes it not look like he wears a toupe or what? If he doesn’t, then his barber has perfected a hair cut that looks exactly like a toupee!
Frances
He needs to get away from the gov blight infested killing no good rotten to the core big stinkin lousy banks and find a solid regional. Right– he needs to make a point and demand interest, cuzz they are never hesitate to pick our pockets …
Very interesting link frances … Thankx
http://www.zerohedge.com/print/40346
The Longwave Group On Why The Fed Must Be Abolished
…History is also replete with Goldman Sachs executives attaining government postings such as the Secretary of the Treasury; including Robert Rubin and Hank Paulson of recent decades. These relationships of trust are developed and nurtured over time to the point where advice is sought and information exchanged regarding situations on a strictly confidential basis. It is difficult for Long Wave Analytics to believe, for example, that the Federal Reserve didn’t send up a trial balloon last February musing about the prospect of initiating a quantitative easing program involving new Treasury bond issues. How else could Goldman amass $27 billion (U.S.) in trading profits in the first nine months of the year. A 50 basis point move in yield on a 10-year maturity, for example, translates into a price change of $4.20 per $1,000 bond. On a long position of $1 billion (U.S.) of a 10-year Treasury bond, this means a capital gain of $42 million (U.S.).
Who’s in charge? We believe it to be the big American and European banks because, after all, they are the owners of the U.S. Federal Reserve.
@frances snoot … Why do you say that, Phil?
Anything to sell Vaccines probably !
FT – differing headlines …
Greece and Dubai fears weigh on markets
http://www.ft.com/home/europe
S&P-Warnschuss gegen Spanien erschüttert die Märkte
http://www.ftd.de/
FT UK says it’s Greece and Dubai’s fault.
FT Germany says it’s Spain due to S&P downgrade.
sixtythird. sorry had to work.
Why not admit that the USA is Argentina. A country with a multi-party keptocracy that can only change if a radical populist was elected and took control of the country and army like a Hugo Chavez…
thx neo
This is a lovely read, to hell with the false god, rejoice and increase your carbon footprint:
http://www.lewrockwell.com/shaffer/shaffer202.html
hey everyone
contains some interesting observations
http://www.forbes.com/2009/12/03/climate-science-gore-intelligent-technology-sutton.html
seems like no matter how an idea for a society or a religion starts out, in the end it turns into totalitarianism.
most religions, most governments, eventually turned into the same old – some head honchos telling everybody what to do.
even every proposal to make things better in the end just turn into laws that make things worse.
how the hell did they get so much control over everyone?
not only manipulated markets – everything is totally manipulated.
i guess the only thing we can do is inform ourselves and others of the truth and hope that we reach a tipping point? that’s the only idea that comes to my mind.
Don’t tax… they should pay resitution.
@ gb – That guy is a fool. My jaw dropped when I read the last part:
Maybe the feds should drop this crusade and focus on our health care crisis. They should, of course, ignore the life insurance statistics that show every class of American and both genders are living longer than ever. That’s another inconvenient fact.
He has the analytical skills of a gnat if he thinks that people living longer means that our health care system isn’t in shambles.
On TV, someone is arguing that Sarah Palin’s views on climate change are being dismissed by “liberals” because they are afraid of her. I wonder why nobody bothers to state the obvious: Palin has zero credibility on anything science-related given that she believes the earth is 6,000 years old and does not believe in evolution.
@Mep … that he MSM even gives her time just shows the sorry state of the country IMO.
@mep
i’m not saying that guy is so great, but what he wrote about the smithsonian was interesting.
anyway so i’m thinking – do the psychopaths rise to the top just like cream?
Palin has zero credibility on anything science-related given that she believes the earth is 6,000 years old and does not believe in evolution.
Mep, nobody knows how old the world is, that is why we articulate with theories. Palin should be discredited for bringing forth a religious text as factual evidence over hypothesis, experimentation, and theory.
I don’t “believe” in evolution. It is either a good working theory or it is not. Science should not be in the business of delivering truth edicts to the public.
@Youri — That CIA-Plane-China link goes to a Sorcha Faal story.
-1 billion points…
How to identify sociopaths in the workplace:
http://www.fastcompany.com/magazine/96/open_boss.html
They are closer to you than you think!
The manager of my department fits this description to a tee!
@marietta
link to a documentary about psychopaths with robert hare
http://www.youtube.com/watch?v=zA9-RB3runE
Gold got KILLED today!
Mike
@Tofu Charlie
There are numerous accounts of people in the Ukrane who’ve seen the plains spraying. Can’t spam this blog with all the articles I have.
Besides if you are dieing sopohicating in your own blood in your lungs you don’t give a damn who said it could be Santa Claus just the same. Who is Sorcha Faal anyways?
How virus invades body http://www.wimp.com/howvirus/
this forum is getting like the betfair forum
disinformation rules
every post is just complete jibber jabber
@Youri — yeah, but Ukraine ain’t China… and “CIA” planes are harder to prove than that… i mean, take the time to evaluate your sources and the depth and legitimacy of their analysis… Sorcha Faal is a well-known bullshit/disinfo peddler aimed at the lowest common denominator. A lot of far-fetched short-term predictions (which never eventuate) and non-sequiturs. Takes legit stories and makes the sort of logical connections David Icke would be proud of. Despite this, the news links at her (i.e. their) site are actually good for a browse… but to link to their analysis is the height of retardation and discredits all that you post…
@Mike/Liverpool
@gold got killed today
I find it very soothing to look at long term gold prices, things don’t look so scary then ; )
http://www.kitco.com/charts/techcharts_gold.html
Check out 5 yr at the bottom…
@Blink. gets to one flu over the kukoos nest fast here.
@gb
Thanks for that! It was very interesting. THe thing that scares me the most are those psycopaths/sociopaths that are under the radar and that don’t commit obvious crimes.
A few Gold infos .. courtesy of Investor Village
Precious Metals seasonality
http://www.seasonalcharts.com/future_metalle_gold.html
Buying Silver And Gold In China
http://www.istockanalyst.com/article/viewarticle/articleid/3695713
Some nice pictures and a video of the Norwegian UFO…
Spiral UFO puts Norway in a spin
http://www.thesun.co.uk/sol/homepage/news/2764647/Spiral-UFO-puts-Norway-in-a-spin.html
Weird Giant Spiral Seen in Sky over Norway
http://www.universetoday.com/2009/12/09/weird-giant-spiral-seen-in-sky-over-norway/
Mostly good article by an important Labour politico:
“The banks are let off the hook – again”
http://www.michaelmeacher.info/weblog/2009/12/the_banks_are_let_off_the_hook.html
Doubts raised over effectiveness of swine flu drug by British Medical Journal:
http://www.heraldscotland.com/news/health/doubts-rasied-over-swine-flu-drug-1.990966
British Medical Journal lost credibility after they published the story about 8 years ago about the MMR-II vaccine being linked to autism.
BMJ is reflecting the national health policies within a socialistic framework. Therefore, if the study supports gov’t control over healthcare, then its good and published. if the study costs the gov’t money due to policy changes that actually help extend the care and lives, then the conclusions are characterized / spun or never published.
The situation is that the UK is publishing medical papers that downgrade care.
So, Tamiflu, which works great, gets recharacterized with a big question mark.
@marietta
yeah, the ones in suits!
According to the Fed banks are currently sitting on excess reserves of over $1 trillion dollars (capital above what regulators require) Sooo what is this significance? Attempting to stay liquid for future losses? If so they are expecting huge losses…. Pretty obvious the crash has not yet finalized
@marietta
check out this article
“Do you believe that most fraudsters are psychopaths or do they just exhibit anti-social behavior?
Hare: There are many reasons why people engage in fraudulent behavior, some related to economic necessity, cultural, social, and peer pressures, special circumstances, opportunities, and so forth. Many of these people are small-time criminals just “doing their job,” and their victims are relatively few in number. Much more problematic are fraudsters whose activities reflect a virulent mix of personality traits and behaviors including grandiosity; sense of entitlement; a propensity to lie, deceive, cheat, and manipulate; a lack of empathy and remorse; an inability to develop deep emotional and social connections with others; and the view that others are merely resources to be exploited – callously and without regret. These white-collar psychopaths often are heavily involved in obscenely lucrative scams of every sort. They lead lavish lifestyles while their victims lose their life savings, their dignity, and their health – a financial death penalty as one law enforcement officer put it. The public and the courts have difficulty in appreciating the enormity of the damage done by these social predators, and because their crimes often do not involve direct physical violence, they may receive comparatively light fines and sentences, and early parole. The money obtained from their depredations is seldom recovered, leaving the victims and the public bewildered and convinced that crime certainly does pay when committed by those whose charm, egocentricity, and deception disguise a flabby conscience.”
http://www.hare.org/links/fraud.html
@Joe
Bingo!
New York out of cash:
http://www.huffingtonpost.com/2009/12/09/paterson-new-york-has-run_n_386403.html
…”put the foil on coach”…..time to go ‘Slap-Shot’ on these liars.
@MEP
This is insane – many of the biggest states are going bankrupt ect… i still remain clueless to how so much went wrong in such a short amount of time… Was this the sole cause of the credit expansion via the Fed – and Wall Sts. financial tools of mass destruction? I know all the problems, I have yet to hear many solutions… Just make derivatives illegal ? Get rid of the fed? Simply impose regulations without downsizing ‘too-big-to-fails’ this administration and government is completely incompetent, just like the last few were.
More current news on Islamic finance as an alternative financial system. It will be interesting to see who in fact does come up with an alternate system and who uses it ~ http://bigdogdotcom.wordpress.com/2009/11/30/mukhriz-development-islamic-finances/
And one comment:
wish I could borrow billions at zero interest. Sweet deal if your in the loop. Sumbitches that control this world economy. INsider deals galore. And nothing for anyone out of the loop. less than anything for anyone out of the loop.
@Will
That type of banking practice is taught via ethics lol – I think we teach that here…. though I think it flew out the window awhile ago. – thanks for the link – interesting
@jon
its those stupid programs like zero-interest borrowing that lead to defaults and this mess all over the world. If the fed and government didnt offer garbage programs like ‘community reinvestment act’ and low interest college loans, ect… the economy would be much better off if saving were encouraged to increase capital investment instead of debt funding…
@ Joe – Every state has its own issues . . . we don’t have screwy property taxes here like California does, haven’t had nearly as many foreclosures, and haven’t had as bad of a collapse as California did with the construction sector, but we have lost a lot of jobs. Plus, we’re much more dependent on Wall Street. When the big layoffs hit Wall Street, our state budget took a hit. Our state tax system isn’t very progressive, either.
Of course, one mustn’t forgetthe impact that the Bush tax cuts had on the revenue of states.
@Mike/Liverpool
They accumulate gold late into the night when your asleep.
The Dollar UP Gold UP…..
Time is short, me thinks the illusion wont last long this time. When they find there out of position once again, there will be panic.
How can i know such things. I believe in reality and real things, they believe in the abstract fantasy of false things. As the two worlds depart everyone will see what is real and what is false.
Good luck to all, we will need it,
This is a priceless joke.
BUSINESS REAL ESTATE
Nakheel denies $12 bln Palm island may sink
Dec 09, 2009 at 01:25
DOHA – Dubai World’s troubles aren’t limited to its $26 billion debt pile after a surveying expert said Palm Jumeirah, the landmark development of its real estate unit Nakheel, may sink into the Arabian Gulf.
The island, dredged from the Gulf’s seabed, is sinking by an average of 5 millimeters a year and may flood in the future if ocean levels rise, according to an executive at leading European ground survey company Fugro NPA Ltd.
-more-
http://business.maktoob.com/20090000405298/Nakheel_s_denies_$12_bln_Palm_island_may_sink/Article.htm
@Fibon11235 -
So what does your Fibon. curve and prediction look like?
“They” are OUT OF POSITION and WE ARE LAUGHING AT THEM.
BWA HA HA HA
BWA HA HA
Hear me laugh?
BWA HA HA
Go ahead and make my day…. sell more shorts.
I’ll take more delivery at 1120 or is that 1135 now…
CHUCKLE CHUCKLE HA HA
Next slow boat from London to Hong Kong?
Anyone seen Yamamoto’s gold in the Phillippines?
Japan is looking for that loot too.
I heard that JPM had it in 1947, but has now lost it because of those dumb ass NYU Econ grads writing jack ass derivatives with formulas that can only be diphered by MIT and Cal Tech grads.
HEY COMEX- GOT MORE DELIVERABLES???
Anyone seen a GLD ETF?
Retail is laughing at your screwed up delivery and inventory system….
Joe – i still remain clueless to how so much went wrong in such a short amount of time…
Complex interdependent systems have complex failure paths which are not easily analyzed. If you’d like to see an example of the unpredictability of such a failure, try this: Rev an old car engine up to 6,000 RPM. Then throw a handful of sand and gravel into the air intake for the engine with the air cleaner removed. Keep running the engine until it stops. It will be very interesting to see what fails first, and what failures subsequently happen because of previous failures. Now take the car in to a mechanic and ask him if he can get it running. If he tells you he can’t, just pull out a spray can of “Quick Start” ether and ask him if a little “stimulus” will help get it running.
Please report back to us, I’m very curious.
sklein – Dubai has that sinking feeling all over.
Haven’t we heard this scam before?
Got swamp land in Florida?… it’s all good buddy… West Palm Beach….
Buh-bye Doo-Bye!
every thousand years
this metal sphere
ten times the size of Jupiter
floats just a few yards past the earth
you climb on your roof
and take a swipe at it
with a single feather
hit it once every thousand years
`til you’ve worn it down
to the size of a pea
yeah I’d say that’s a long time
but it’s only half a blink
in the place you’re gonna be
http://lasco-www.nrl.navy.mil/current_mpg/current_mpg/current_c3.gif
@Fight On!
Yes, but. The man made island is literally sinking.
“by an average of 5 millimeters a year”
Anybody know how a sovereign debt default by Greece would affect gold/dollar?
Rush to “dollar safety”? As with Dubai?
@will
great example – Find the underlying problem to what caused this mess – To me the problem source is the Fed… Alan Greenspan, money creation, cheap credit… I would like to hear what you think.
@ Chris
Euro goes down. USD up.
Failing that Phil posted this insightful tutorial.
http://www.mefeedia.com/watch/20943198
@Sklein-
Having a sinking island at 5 mm per year is nothing new.
The Japanese created a manmade island for Osaka’s Kansai Airport. It had that same sinking feeling. You can’t help it. The island compacts from the mass of the construction on top.
But, how much is swamp land in Duh-Bye…. LOL
Instead of just selling the real estate they had, they had to build more swamp land and sell that too!
@Chris – I’ve been attempting to get a handle on the question of defaults on sovereign debt and would really appreciate Max teaching us about what sovereign debt is and how it is held by the major banksters and traded on Wall Street.
From what I can tell, defaults by nations end up messing with their currencies.
The drachma was phased out for the Euro.
Since Spain and Greece are on the Euro, it is my view that the Euro itself is not stable.
The UK pound then gets assistance in valuation from a falling Euro, but UK itself is on shakey financial ground. Their debt has been previously discussed on this blog.
The US debt is $12 trillion and our GDP is 12 Trillion… BEFORE the current fiasco… so mayyy beee the USA has federal debts that match GDP…. but this discounts the state gov’t debts in the USA.
When you add the state gov’t debts and muni bond debt, PIMCO isn’t lying when it says to move out of muni’s.
Who holds the sovereign debt of Dubai? HSBC? RBOS? HBOS ? Citi group?
LOL…these guys are kidding themselves if they think the “peasants” are gonna let our drachmas sit in a bank that is led by guys who have no pants on.
Rush to “dollar” safety is a joke.
I’d say rush to Australian Dollars might be possible, but not as much as rush to GOLD or SILVER or Precious Metals.
Even if they start buying USD, what are these investors supposed to be buying? US Treasuries? We’ve already discussed the 12-15 TRILLION in gov’t debt in the US… there’s not even that much residential real estate equity in the USA.
So, when exactly does this house of cards come down?
It’s like Wiley E. Coyote hanging over the precipice before falling to his demise… He’s holding a sign saying “Yikes!” but still floating.
The USDX (US Dollar Index) should see a hit from the Greece and Spain issues because the Euro is part of the USDX. So, this is exactly what we’ve seen… some rotation to USD from Euro.
But, how much of this is USD carry trade and how much is “flight to quality” is up to the talking heads on Fn-TV, not me.
I’d say buy gold and hold long anyway.
Even if the price returns to the 1995-2005 baseline, you can still accumulate over the next 10 years until it really collapses.
This is the wait and hold philosphy that the White House is hoping to have.
The Copenhagen Con is moving right along.
The rest is business as usual.
http://www.youtube.com/watch?v=RRYTS5WLzz8
http://www.youtube.com/watch?v=-BsngjAiD6s
@Fight On!
By coincidence, your points are covered here :
Dr. Berninger – M2U02157
http://www.youtube.com/watch?v=9tAz7HuI8ok&feature=sub
Yes, I remember as well that Greece falsified it’s balance sheets to get into the Euro.
Ireland has just done effectively the same .. the EU moved their debt into a SPV to make sure they joined the Lisbon treaty.
Add on Portugal, Italy .
Oh Italy … remember they were effectively BK 6 months ago, and wanted Germany to lend them some Gold .. and was refused .
Nobody talks about that any more !
We have the US with their gigantic debts.
We have the Euro zone filled with some hopelessly BK’d countries.
All we need now is for the UK to join, and we can start the BK party .. together at least !
PS:
Berninger mentioned – in his German version – ( as I have said many times ) that the best thing for Germany would be for them to exit the Euro and bring their DM back !
@fight on
The Greeks and Spaniards have a similar sense of humour
and those who hold their debt have hardly any at all. Does
that give you any clue as to which this will swing
@Phil / G
How right you are!
On the Receiving End of Democracy
by Butler Shaffer
http://www.lewrockwell.com/shaffer/shaffer201.html
PS@On the Receiving End of Democracy
Excellent essay .. hope everyone reads it !
@Phil
Great link! – favorite part – “democracy is the illusion that my wife and I, combined, have twice the political influence of David Rockefeller.” HAHA
BTW.. this guy writes some very good stuff …
Increase Your Carbon Footprint
by Butler Shaffer
http://www.lewrockwell.com/shaffer/shaffer202.html
@Joe .. Yes, there was so much truth in that essay, that I was tempted to cut/paste the whole article.
@phil
yeah im about 3/4 finished reading very good so far – Lew Rockwell has some very great links to good essays – I suggest another author — Thomas Naylor he has written some of my favorite stuff on that website- like the following
“We have slept through the annihilation of Afghanistan, Iraq, and Palestine, a war with Islam, the rendition of terrorist suspects, prisoner abuse and torture, the suppression of civil liberties, citizen surveillance, corporate greed, pandering to the rich and powerful, global warming, full spectrum dominance, imperial overstretch, and a culture of deceit. Massive military spending, multi-trillion dollar deficits and Wall Street bailouts, mounting trade deficits, and a precipitous decline in the value of the dollar have gone virtually unnoticed.
During our long period of slumber the United States government has lost its moral authority. It is owned, operated, and controlled by Wall Street and Corporate America. The United States has become ungovernable, unfixable, and, therefore, unsustainable economically, politically, militarily, and environmentally. It has evolved into the wealthiest, most powerful, most materialistic, most racist, most militaristic, most violent empire of all times.”
the only thing propping up the world markets and finances is the fed handing out money at zero percent interest.
The whole thing is bogus. The only thing the fed is propping up is the super rich who own the fed. Thats all thats happening now.
Oh yes, on the backs of the servant class. All of us.
@Joe – I would like to hear what you think.
Have you got a few days? I think the mess has been in the making for a long, long time, starting at least as far back as the creation of the Fed. The US system changed gradually from a constitutional republic to a democracy, and now in its death throes it has become a kleptocracy (“rule by thieves”). From my reading, I guess that Alan Greenspan has cast himself in the role of Francisco d’Anconia, and I wouldn’t be surprised to see his epitaph read “You asked for it, Brother!”
From whatever angle I look at what’s going on here on Terra, I think we’re in for civilization-level changes. In other words, it ain’t over by a long shot, and it ain’t just an economic crisis. That’s my 2¢, now made worthless by inflation.
GMO out of control !
Bayer Blamed at Trial for Crops ‘Contaminated’ by Modified Rice
… Bayer’s genetically modified strains “contaminated” more than 30 percent of U.S. ricelands, Downing told jurors.
Rice Futures Fall
Within four days of the USDA announcement, a decline in rice futures cost U.S. growers about $150 million, according to a consolidated complaint filed by the farmers. News of that contamination caused futures prices to fall about 14 percent.
As a result, farmers like plaintiffs Ken Bell and Johnny Hunter got less cash for their crops than they otherwise could have, Downing said. The men haven’t asked for specific money damages….
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aT1kD1GOt0N0
@Will
spot on brother – well said. Please go on if you’d like . Im interested to hear what you have to say
Increase Your Carbon Footprint
by Butler Shaffer
Yes, Increase your carbon foot print and presto the problem just goes away. Kind of like the way we pile on more debt and presto that problem is going to go away too.
@will
although you pretty much nailed it in the shortest amount of words possible… Authoritarianism here we come – instead of a society ruled by just laws – we became a society ruled by men -very few men – corrupt men… all within a blink of an eye
M2U02157
http://www.youtube.com/watch?v=9tAz7HuI8ok&feature=sub
folks, there is only one agenda. World government or control. Learn it. All that is happening now are people wishing it weren’t so.
@Joe – more.
The only comment I’d like to add this evening is that I’m very hopeful during this time. About ten years ago I was almost paranoid about what was going to happen, but now I think the PTB have become chimeras, terrifying mythical beasts which have become impossibly silly. In US history, this was reflected in the treatment of certain knaves by a “tar and feathers” treatment and then an escort to the outskirts of town. I’m not advocating such treatment, I’m just illustrating the idea that if citizens understood how they’ve been hoodwinked they would probably laugh at themselves for getting sucked in so badly.
To illustrate why I’m hopeful ~ the largest cash crop in the US, which is greater than the next two crops combined (corn and wheat), has no futures market, distribution system, marketing strategies, stores or advertising, and the US government spends billions of dollars in interdiction efforts. If American entrepreneurs can get around all this and make billions of BennyBux growing cannabis despite the best efforts of government, its minions and law enforcement, then by extension we surely know that Americans can take care of themselves if and when the constraints (laws and taxes) are removed. The enchantment will shake off at some point, I’m just sure. Again, this is an observation, an illustration to help look at this mess from a different point of view – I’m not advocating doing anything illegal.
The Dubai Financial Nuke
http://www.ibtimes.com/articles/20091206/dubai-financial-nuke.htm
@ Will
http://www.inya-face.com/hemp/Links.htm
http://www.inya-face.com/hemp/02_Colony.htm
http://www.inya-face.com/hemp/03_conspirators.htm
http://www.inya-face.com/hemp/04_Mellon.htm
http://www.inya-face.com/hemp/05_Dupont.htm
http://www.inya-face.com/hemp/06_Hearst.htm
@Will
Legality is what we perceive as acceptable pertaining to human rights & morality. If those are infringed on then revolting is perfectly legal… if that makes sense – but i completely agree with your assessments
Gone down the memory hole:
http://www.inya-face.com/hemp/07_Ainslinger.htm
http://www.inya-face.com/hemp/08_Ford.htm
http://www.inya-face.com/hemp/09_HellWeed.htm
http://www.inya-face.com/hemp/10_Friendly.htm
http://www.inya-face.com/hemp/11_Smiths.htm
http://www.inya-face.com/hemp/12.11Hmp.htm
@AnythingButGreenAgain – thanks for the links. I’ll have a look mañana, gotta get some rest.
@Joe – Cheers! I’m just concerned that my words and points be twisted.
Is Mr. Darling’s wonderful spreadsheet budget nothing more than playing with numbers and meaningless mental mathematical masturbation?
@will
take care – also need a night time siesta! I look forward to some more conversation
Make Obama Watch Ghostbusters
http://www.dailypaul.com/node/118420
First report of homeless people dying out in the cold:
http://www.huffingtonpost.com/2009/12/09/two-dead-and-la-shelters_n_386562.html
Schiff 40%, Dodd 39% ;
Simmons 48%, Dodd 35%;
McMahon 44%, Dodd 38%
@ Count Caravaggio of TriBeCa
“Contrary to popular belief, the Crown is not the Royal Family or the British Monarch. The Crown is the private corporate city state of London.”
Thanks for the post in an earlier thread. Rule via three city states has been the formula all along. It’s right in our faces, e.g. “Empire State Building”. What’s the Empire State? The info on the Crown was packaged and fed to the “right” (via the Dulles/Gehlen media/culture op) after unauthorized researchers started putting it together, but the faithful on the “left” were kept in the dark, thanks to the foundation-controlled gatekeepers like Chomsky, one of whose jobs has been to foster disillusionment with the U.S. prior to its dismantlement.
Ron Paul’s Fed-Bashing Wins Over Lawmakers Wary of Bank’s Power
http://www.bloomberg.com/apps/news?pid=20601103&sid=a6iL7WiHEgE8
@ Phil – That’s just effing infuriating. Those farmers should sue the bastards blind. Too many of our farmers are being absolutely ruined by the scumbag GMOers because of cross-pollination that the farmers cannot control.
I didn’t even know that the freaks were testing GMO rice.
@ Phil – an older GMO rice video:
http://www.youtube.com/watch?v=b4KOaKA3Efc
China has apparently just approved GMO rice and corn: http://www.independent.co.uk/life-style/health-and-families/health-news/chinas-approval-of-gmo-rice-corn-seen-boosting-yields-1833307.html
http://money.ninemsn.com.au/article.aspx?id=981441
“Fear of super-spike in rice prices”
I would offer them to work for free like at British Airways or 150 years in prison. 50% only ? He is a real darling Darling. What a whimp.
http://www.cdph.ca.gov/HealthInfo/discond/Documents/CDPH-Flu-Guidance-Emergency-Shelters.pdf
This message was posted on December 7, the date that will live in Infamy.
I’m less worried about the Japanese and more worried about what this “Shelter” project means.
Is the State of California readying for a mass public health disaster and a replay of February 1942 mass “evacuation” of certain people?
I mean, that “Evacuation” lead to the seizure of property and businesses by a bunch of bottom dwelling people who caught cheap homes, farms, businesses, etc while others were forced to “evacuate”.
Now, it seems that the state is readying “shelters” to “assist” with a new “evacuation”.
TARP trap. Perpetual trap TARP coming soon. Geither is a PRAT.
90% would have been fair.
Sorry, OT but breaking…
Al Gore on CNN (with my little rant):
http://catastrophist.wordpress.com/2009/12/10/al-gore-discusses-climategate-on-cnn-video/
http://www.cdph.ca.gov/HealthInfo/discond/Documents/CDPH-Flu-Guidance-Emergency-Shelters.pdf
This is an alert message from California Department of Public Health regarding preparation of “shelters” to handle citizens who need “care” for influenza. These shelters can be set up for citizens who are evacuated or ill.
Not sure who will require this level of care… unless it’s really more about the corraling of peasants who need to be moved on…or will be moving on without their consent?
@ Mep thanks for posting the report/video about the homeless people dying…it’s really tradgic. Culver City is comparatively “nice” part of LA…you should see downtown…very, very sad.
@ Tofu – I see that Al Gore is getting the joker treatment over at Infowars: http://www.infowars.com/
OT Jibber… Detainee 63… real-time republishing of Gitmo interrogation log (7 years later)… some of it is pretty absurd…
http://detainee063.com/2009
@Mep — Yeah, seems quite a reasoned and effective counter-analysis, eh?
@ ES – Yes, it’s really depressing. We’ll probably hear about more people freezing to death in the coming months. That report from LA made it sound as though the shelters there were already near full capacity, and that was just the 1st snow. Any idea of whether that is the case? (I’m assuming you live in CA.)
@ Tofu – Eh. Who needs reason these days?! We’re in a post-constitutional, post-democratic, post-reason age! That reminds me . . . Max has made the claim a few times now that brain-damaged people make better traders. Shouldn’t we then round up the traders, give them the ol’ “enhanced interrogation technique” treatment, and then send them back to Wall Street with their scrambled-up brains so that they can do better work? It would be performance-enhancing enhanced-interrogation therapy! Nobody would begrudge us our interrogation therapy techniques or throw us into jail for using such therapeutic methods because we can classify the traders as special interest domestic terrorists and use our new terror-is-aiight law to cover our behinds!
@Mep….Jim Rodgers said it best ….wallstreet will return to the wasteland that it was in the 40s and 50s….a place to send your idiot sons incapable of working the farm.
The pipeline is almost operational!
http://www.huffingtonpost.com/huff-wires/20091210/as-china-turkmenistan-pipeline/
@ dan – If only. I’d trust the idiot sons more.
@Mep — He’s right… I made some of my most profitable trades stoned out of my mind
My suggestion is that we turn over the markets to animals like Meow Tse Tongue… rig up a system where every filled order rewards them with a biscuit and some water laced with a mixture of clonazepam and dextroamphetamine…
Gore Peddles Lies and Spin to Defend Bankrupt Climate Change Agenda …..mentions the 10yr old mail lie.
http://www.infowars.com/gore-peddles-lies-and-spin-to-defend-bankrupt-climate-change-agenda/
@ Tofu – Now that could work. Governor Paterson could use some of those biscuits and water, too. He’s making ludicrous comments about how New Yorkers need to basically shut up about bonuses and executive pay. In context, his words imply that it’s sacrilege for New Yorkers to say anything bad about Wall Street.
See the 3rd paragraph here: http://gothamist.com/2009/12/09/paterson_new_york_has_now_run_out_o.php
Um… nice catch…
@Mep — thats a pretty nasty picture of Paterson they went with…
Time to catch some zzzz’s. Night peeps.
Thanks to wiki:
The law of restitution is the law of gains-based recovery. It is to be contrasted with the law of compensation, which is the law of loss-based recovery. Obligations to make restitution and obligations to pay compensation are each a type of legal response to events in the real world. When a court orders restitution it orders the defendant to give up his gains to the claimant. When a court orders compensation it orders the defendant to compensate the claimant for his loss.
For instance, Joseph Charles breaks into a jewelry store and steals $5000 worth of jewelry. In the process, he does $1000 worth of damage to the store’s back door and the showcases he broke. Later, Joseph Charles is arrested. If Joseph Charles is forced to pay restitution, he must pay back his gains, $5000 (or just give back the jewelry). If he is forced to pay compensation, he must pay $6000, which is the store’s total losses.
Restitution, like other legal responses, can be triggered by any one of a variety of causative events. These are events in the real world which trigger a legal response. Broadly speaking, an obligation to make restitution can be triggered by two different types of causative event:
1.Wrongs
2.Unjust enrichment
It is arguable that other types of causative event can also trigger an obligation to make restitution, but the above two are by far the most important. They will be considered in turn. It should be pointed out at this stage that the following analysis is based on English law. However, it is largely an analysis of principle rather than case law and therefore should have considerable relevance for most common law systems.
LOL, yes. I’ve noticed that whenever the person who has control over choice of pictures is angry with the person being reported on, the most unflattering pics possible are usually chosen. Example: Keith O. always uses a picture like this when he’s talking about Malkin.
Night.
Nighty night…
http://www.youtube.com/watch?v=RJ0WNIUe7Fw
Lol… Malkin pic is hilarious…
@Gordo & Fight On!
Thanks for your comments re: USD and Greece Default. Although you have opposite takes, it was helpful to read.
Fight On! While I agree that with Debt approaching 100% GDP, the US is in big trouble, I really think the US/Fed/Treasury can delay this problem a lot, esp. with ZIRP and printing presses (QE). So, my guess is flight (of fancy) to the “safety” of the dollar= decline in gold, near term.
This will also happen if the dollar carry trade unwinds, which it hasn’t yet (as far as I know) My only question would how much of a decline to look for before I begin to accumulate gold again.
Congressional Candidate Lieutenant Colonel Allen West
http://www.youtube.com/watch?v=VP2p91dvm6M
good evvening
Colbert Report: Fed’s Dead
People like Bernie Sanders want to pull down the Federal Reserve’s pantaloons to look at its fiscal naughty parts.
http://www.colbertnation.com/home
@ dan valley
Thanks for the url.
“Of course, Gore’s fearmongering holds about as much credibility as that similarly spewed by climate alarmists last year, when they brazenly predicted that the north pole would be ice-free for the first time in history later that summer.
“In reality, between summer 2007 and summer 2008, arctic ice at the North Pole grew by a staggering 30 percent, an area the size of Germany.”
http://www.infowars.com/gore-peddles-lies-and-spin-to-defend-bankrupt-climate-change-agenda/
Ron Paul on Fox Business with Neil Cavuto 12-9-09
http://www.youtube.com/watch?v=h0qmNlke648&feature=player_embedded#
My friend the president
By Glenn Greenwald
http://www.salon.com/news/opinion/glenn_greenwald/
This is from Congressional Candidate Lieutenant Colonel Allen Wests website….
I do not support any creation of a Palestinian state, to do so would be to create a terrorist state.
I do not support any division of Jerusalem.
The rest of his Israel issues.
http://allenwestforcongre…
He has 9 issues and one of them is Israel? Why is that one of an American politicians issues?
I dont think for a minute that the Wall street Traders are half brain Dead Like I said they were on the Inside
with all the Judges in thier pocket
So if you know that you cant get caught
The Shocking Video Hillary Does NOT Want You To See! (1of2)
http://www.youtube.com/watch?v=xq8aopATYyw
+ US Swine Flu Spray Plane Shot Down In China
The real story here is that the US is so much in debt that its ability to keep its military planes from being confiscated [as part of a debt repayment process] has decreased to near nil.
The US and UK empires did have imperial genocidal ambitions, but once direct imperial rule was achieved the UK mainly lost its desire to continue these kinds of policies — the US has no such moral ambitions.
Regardless of what is really going on or will transpire — expect US owned governmental or corporate aircraft to be seized on an ad-hock basis outside the US for lack a debt payments into the foreseeable future.
This is what “Goliath” told me anyway…
@ Dedo
That url you posted is full of important points that we’re living through. The points stem from a talk given in the sixties, I think.
“7. To bring about depopulation of large cities according to the trial run carried out by the Pol Pot regime in Cambodia. It is interesting to note that Pol Pot’s genocidal plans were drawn up in the US by one of the Club of Rome’s research foundations, and overseen by Thomas Enders, a high-ranking State Department official. It is also interesting that the committee is currently seeking to reinstate the Pol Pot butchers in Cambodia.”
http://www.whale.to/b/coleman1.html
@Aspadistra at Ashdown Forest
You don’t hear much these days from Winnie-the-Pooh ..
… glad to see you here at least !
Yes, I remember as well that Greece falsified it’s balance sheets to get into the Euro.
@Phil:
Seems I read somewhere that France is bankrupt as well.
Yes, I remember as well that Greece falsified it’s balance sheets to get into the Euro.
How naive of Berninger, Phil. No one in their right mind wants an independent currency right now. Currency is not the focus: the focus is on trade imbalance. The implosion of the currency is PLANNED. Germany, as part of the euro and the dollar value index, related to monied interests by family and marraige.
It is about position relative to the sdr and the sdr as power vector now. The G20force is deriving its power THROUGH the collapse which is being regulated by the BIS banking conglomerate and affiliated regulatory agencies.
Berninger mentioned – in his German version – ( as I have said many times ) that the best thing for Germany would be for them to exit the Euro and bring their DM back !
this is the berninger quote you made phil it is early here yet
Doesn’t Berninger realize anything about the nwo power structure or the wise men of five economic group? GEEZ.
During our long period of slumber the United States government has lost its moral authority.
?
We never has any “moral authority”, Joe.
http://www.bloomberg.com/apps/news?pid=20601015&sid=ap3nY9dDbEJE
Treasury Borrowing Advisory Committee (TBAC):
“The TBAC was formed shortly after World War II and made official through a 1972 act of Congress. It offers quarterly recommendations to the Treasury Secretary on managing the government’s debt. Members are appointed by the Treasury in consultation with the group’s chairman, currently Matthew Zames, the co-head of fixed income at New York-based JPMorgan Chase & Co., and the vice chairman of the committee.
The group includes Paul McCulley, a managing director at Newport beach, California-based Pimco, the world’s biggest manager of bond funds; Scott Amero, chief investment officer of New York-based BlackRock Inc., which manages more than $500 billion; and Ashok Varadhan of Goldman Sachs in New York, who is vice-chairman of the committee.
The group is similar to the “Five Wise Men” of Germany, a government-appointed panel of economic advisers that has counseled the government on matters related to the economy and the nation’s finances for almost half a century. That group now includes one woman. Dana Emery, executive vice president at Dodge & Cox Inc., and Irene Tse, managing director at Duquesne Capital Management LLC, serve on the TBAC.
The 13-member committee of bond dealers and investors that Treasury Secretary Timothy Geithner depends on for advice, and includes officials of Pacific Investment Management Co. and Goldman Sachs Group Inc., highlighted the surge on page 36 of a 67-page report on Nov. 3.”
So much for Volkner.
HAHAHAHAHA
Volkner=Volcker (as in Paul)
A figure head, Paul Volcker, who draws a lot of money for doing nothing.
We need more MARMITE…
buttered High-Fiber Honky bread
Tomato and Cucumber…
Cheddar… pepper… HUZZAH!!!
@Guiseppi:
I’m trying it.
Mr. Darling, is a fool.
He is going to have a DUPE of the New York Shuffle.
These folks think that the uber wealthy, don’t have a choice to relocate to friendlier climes?.
Newsflash, they do.
Newsflash #2, they will.
When will California, and New York figure out fiscal policies, and sound balnaced budgets are the way out of their deficits?.
Never I assume…………….
See ya soon, bankrupt, and over a cliff.