Stacy Summary: I think that is a big N-O. Here is the chart for this contract at the prediction market, Intrade.
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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
![[Most Recent Quotes from www.kitco.com]](http://www.weblinks247.com/indexes/idx24_usd_en_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/platinum/t24_pt_en_usoz_2.gif)
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I am the anti-first!
Your your prize is?
Mike
an anti-prize!
Scorn and derision from other forum members! :-p
I had all the scorn i can handle, look at the poor Gold price!!!!!
Mike
How can the US attract smart people if they keep demonstrating to be a moral cesspool..
This is bound to cause arguments…
Fake debates amd real soloutions
http://www.oilempire.us/
Polling suggests that Americans are paying close attention to the health care debate and are picking up on legislative nuances:
The new CNN poll like many others finds greater support (53% to 46%) for a “public option” than for the Senate Health Care Bill which just 36% support, and 61% oppose. The smart conclusion is that the Senate Bill would be more popular if it included a Public Option. But an even smarter question would be to ask why the overall effort is so unpopular.
(Source: http://www.huffingtonpost.com/sheri-and-allan-rivlin/new-cnn-poll-shows-suppor_b_387727.html )
So Washington had better watch its ass on this one.
@Map
What went wrong?
@ Mother Earth – You mean why has reform become unpopular generally? My answer to that is that the corporate PR firms and the GOP brainwashed half of the country about a “government takeover” and death panels while the deception and watering down of the reform effort turned off those of us paying attention.
Steve Keen on debt and the economy: How do we pay for all this?
Talks about Keynes, Minsky and Ponzi schemes
http://www.themonthly.com.au/steve-keen-debt-and-economy-how-do-we-pay-all-2128
@Mep
That was a bit of sarcasm I guess..If americans are paying attention the MSM must have slipped up somewhere
Mike,
There cometh a day were thou sees that paper is priced in gold, not the other way around.
The paper bugs did good this week. They will perhaps be able to hold the fort for 2010, but 2011 will be golden.
@ Mother Earth – Well, after a certain point, the MSM can’t keep people from detecting patterns. Just like the public in general started becoming immune to fearmongering about terrorists, we’re all starting to get the idea that all pending legislation is meant to enrich corporations, not benefit us in any real way.
An aside: You would think that our Asian creditors would force the US to enact a single payer health care program . . . just so that we got our debt under control.
Greece pledges cuts in bureaucracy
Agence,France-Presse
PM acknowledges public sector corruption
http://www.ft.com/cms/s/0/54f4983e-e637-11de-bcbe-00144feab49a.html?nclick_check=1
… PM acknowledges public sector corruption …
How kind .. to acknowledge … and the arrests ?
Blackwater, ‘CIA’s partner in secret operations’
…”Blackwater’s partnership with the CIA has been enormously profitable for the North Carolina-based company, and became even closer after several top agency officials joined Blackwater.”
Several former Blackwater guards said that their involvement in the operations became so routine that the lines, supposedly, dividing the Central Intelligence Agency, the military and Blackwater, became blurred….
http://www.presstv.ir/detail.aspx?id=113441§ionid=3510203
Andy Zaltzman’s History of the Third Millennium, Series 1 of 100
http://tinyurl.com/ye677al
@Mike2liverpool …I had all the scorn i can handle, look at the poor Gold price!!!!!
Gold is never poor .. turn your graph upside down and it tells you what the PRB wants you to believe … that printed-paper is more valuable… LOL !
@Mep
Yes, it would be nice if more people became serious, I think poverty can be a motivator. Asia has less influence than I would hope.
It may be annoying but some of the tricks used in the US would defenitely not fly here. Bachman, Lieberman, Palin, Inhofe would all have been shown the door a long time ago..
The Real News …
http://www.youtube.com/watch?v=wB14cJp7hag&feature=sub
Australia – Barnaby Joyce – “We face economic Armageddon”
http://www.youtube.com/watch?v=oJtbWdegMJQ&feature=sub
Joyce’s Armageddon warning
MARK DAVIS
Comments 6
December 11, 2009
…TONY Abbott’s new finance spokesman, Barnaby Joyce, believes the American Government may default on its debt, triggering an ”economic Armageddon” that will make the recent global financial crisis pale into insignificance.
He has also proposed that the Federal Government should introduce laws allowing it to break up the assets of the four main banks – and use them to force banks to hold down interest rates.
”You don’t even have to break them apart,” he said. ”But you have to suggest to them that those powers could be in place to do that if they aren’t more diligent in how they respect the Australian community.”…
…
http://www.theage.com.au/national/joyces-armageddon-warning-20091210-km90.html
“This is the kind of person who is working for the Obama administration, which makes it unsurprising that we’re getting no real reform of the finance industry. There’s no other way to say it: Barack Obama, a once-in-a-generation political talent whose graceful conquest of America’s racial dragons en route to the White House inspired the entire world, has for some reason allowed his presidency to be hijacked by sniveling, low-rent shitheads. Instead of reining in Wall Street, Obama has allowed himself to be seduced by it, leaving even his erstwhile campaign adviser, ex-Fed chief Paul Volcker, concerned about a “moral hazard” creeping over his administration.”
http://tinyurl.com/ybj7eew
@gonzomarx
I think the last line is the most telling;
“Maybe it’s our fault, for thinking he was different.”
yea dumb asses, but the signs were there if only you would have looked past the hopey changy “first black president” bs.
I did’nt get this Chart what does it mean ? What does it represent ?
@BOnn
It represents the price of the share ‘the public option will be in the final bill’ in the prediction markets..The more likely it is to become true, the higher the price..
Oh Oks thanks
Who Knows Who goes from strength to strength
http://tinyurl.com/ygot4fr
@white hunter
It’s no surprise to anyone who saw who his biggest funders where/are
@ gonzomarx – People keep saying that, but banksters always hedge their bets by giving to both parties. In this case Obama ended up getting more, which makes sense . . . banksters are into predictions and everyone knew that Obama was going to win. His deceit matters much more to me than Goldman giving him money.
@ white hunter – There were no “signs.” Candidate Obama actually did speak truth to power and he did it while showcasing his intellect and understanding of all of the issues that face us. He was given a clear mandate to carry out his agenda by democrats, independents, and cross-over Republicans. And now, he’s gone and blown it.
@ Y’all
Joyce’s [Australian politician] Armageddon warning
http://www.theage.com.au/national/joyces-armageddon-warning-20091210-km90.html
Having some kind of national health service allows a nation to gain about a 15% differential with respect to competitive advantage.
Had Australia, Canada and NZ not adopted the idea in some form — these nations would be much worse off during this finance system meltdown.
I only expect the US to adopt a national health care system of some kind after its population crashes below 100m people — and where cannibalism gets rid of 1/3rd of the population.
As the US failed to implement some kind of national health care service from 1950 onwards, its economy from that time was in essence 15% poorer and less competitive.
Even if the USD crashes to 0.01 NZD — and hyperinflation becomes commonplace for 50 years — the US has lost an important mechanism to help it recover from such calimites.
Anotherwords, the US will become the 1st industrialized nation to go into unrecoverable decline.
STEVE Keen presents: Debt & Financial Instability
http://www.youtube.com/watch?v=NxHClZ3Xxo0
Supreme Court’s Ruling Would Allow Bin Laden to Donate to Sarah Palin’s Presidential Campaign
http://tinyurl.com/y9fooyo
Gold: The Ultimate Un-bubble
Long blog but good facts and reasoning worth reading.
http://fofoa.blogspot.com/2009/12/gold-ultimate-un-bubble.html
Ra-ra-ra, sis-boom-ba: GO GOLD ! ! ! !
@ Max Power – Well, health care spending is projected to hit $4.1 trillion by 2016. Our “reform” will not stop that from happening, and may even bring it about sooner. At that point, we’ll move towards either single payer or American revolution 2.0.
There were no “signs”
Obama supported his cousin for an African campaign, using taxpayer money while still senator to fly to Kenya and campaign for a family member. When Odinga did not win, the Odinga supporters went on a killing rampage, burning Christians in a local church. Obama did not condemn the killings.
While in the ‘office of the President elect” Obama turned a blind eye to the Gaza massacre, playing golf on the taxpayers dime.
The night before the vote in Senate for the banker’s bailout, Obama called and pressured the Senators to vote yes.
Governor Blunt of Missouri (who decided not to rerun for election despite wide-spread support) wrote a letter to Obama decrying the ‘goon squads’ sent to keep certain messages off the airwaves concerning Obama’s stance on gun rights:
http://gatewaypundit.firstthings.com/2008/09/breaking-gov-matt-blunt-releases-statement-condemning-barack-obamas-missouri-goon-squads/
“This abuse of the law for intimidation insults the most sacred principles and ideals of Jefferson. I can think of nothing more offensive to Jefferson’s thinking than using the power of the state to deprive Americans of their civil rights. The only conceivable purpose of Messrs. McCulloch, Obama and the others is to frighten people away from expressing themselves, to chill free and open debate, to suppress support and donations to conservative organizations targeted by this anti-civil rights, to strangle criticism of Mr. Obama, to suppress ads about his support of higher taxes, and to choke out criticism on television, radio, the Internet, blogs, e-mail and daily conversation about the election.”
@mep
i suggest you read webster tarpley’s book. obama was a member of the trilateral commission. his biggest contributor was goldman sachs. he is a banker’s boy from start to finish.
Jimmy Rogers tells it like it is.
http://finance.yahoo.com/tech-ticker/article/388223/What-Recovery-America%27s-Problems-%22Getting-Worse-Not-Better%22-Jim-Rogers-Says?tickers=SKF,XLF,FAS,FAZ,^DJI,^GSPC,UUP
@ frances – The only scandalous thing on your list is the silence on Gaza, and prettymuch all of Washington was silent on Gaza. One of the only red flags I recall from the campaign was the reversal on immunity for telecomms. and the Patriot Act. The progressive base assumed he did it just so that he wouldn’t be tagged with being “soft on terrorism” or national security.
@mep
i’m sure it all felt good at the time.
3 minutes of Gold Chart theory…
http://www.youtube.com/watch?v=8hU5zOCj1rU&feature=player_embedded#
@ Mini US – Two WTF’s on Jim Rogers:
1) he conspicuously forgot to mention what happened after the “fabulous times” of the 20s!
2) sounded like mass confusion on regulations–like he’s trying to make the claim that over-regulation was the problem and not deregulation coupled with captive regulators. Also, isn’t the mortgage market almost completely unregulated?
De facto remonetization of gold in Vietnam?
http://www.asiasentinel.com/index.php?option=com_content&task=view&id=2172&Itemid=590
Sounds like Vietnam has already succeeded in what China is now trying to do – getting individual people to buy gold. Note that right now, the Vietnamese people are buying physical gold (not paper) at depressed prices (given the real, ultimate value of the dollar). Since these physical “reserves” are not on the central bank’s balance sheet, even if the gold price is rising a lot they won’t tend to push up the country’s exchange rate, but they will increase the net worth of the general population.
What’s happening in Vietnam is “small potatoes” in absolute terms of quantity of money, but if and when it really gets going in China that will not be the case. China has 16 times more people than Vietnam.
Re Steve Keen
The debate on this site resembles the plot of film Wall Street,
an argument between good traditional capitalist (who make things) and bad capitalist (new financial breed) who only asset strip or rent seek.
Being a worker I don’t feel much afinity for either type myself.
Gold Not a Bubble, Silver a Better Buy: Rogers
http://www.cnbc.com/id/34376063
Billionaire Soros unveils gold for greening plan
http://www.abc.net.au/news/stories/2009/12/11/2768500.htm
well max did work on wall st..
@Mep:
I’m shocked that you don’t consider silence an act of condoning a family member’s insane despotic genocide. Obama’s performance in Kenyan was an indication of his moral character.
BTW: Odinga received a position of power in government as a result of his party’s murdering rampage against innocent women and children.
As far as the Missouri debacle, I suppose progressives look to the opposition’s message and finding it tasteful have no problem allowing the state to use the police to silence any dissent that they find personally repugnant. This seems to be Olberman’s take of late as font for the ‘open-minded’ ones.
I guess it would be like crossing the rubicon for progressives to admit they voted for hope and ‘god/man O’ and did not carefully vet their candidate prior to election.
btw: a sign is not necessarily scandalous: it is a harbinger of future action.
O could be an omen for tyranny: he explained carefully his call for a civilian police force before the election.
Did y’all have earplugs in place at the time?
Sounds like Vietnam has already succeeded in what China is now trying to do – getting individual people to buy gold.
Sounds like speculation, Will. Who says China is doing that?
Stacy have you seen this? your name is mentioned in here…:-)
http://www.zerohedge.com/article/are-food-stamps-soup-lines-great-recession
@doomandbloom – thanks! I think I will borrow their chart for next week’s Keiser Report . . .
@Frances – make your own judgment, but here’s where I got the idea that China is trying to get its citizens to buy PMs.
http://www.mineweb.com/mineweb/view/mineweb/en/page33?oid=88452
@Will:
Thanks for the link!
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Well, health care spending is projected to hit $4.1 trillion by 2016. Our “reform” will not stop that from happening, and may even bring it about sooner. At that point, we’ll move towards either single payer or American revolution 2.0
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Only continuous hyperinflation will fix the worst parts of the US healthcare problem — but the whole system is doomed to a 50 year decline.
@ frances – Never heard about Obama’s cousin, but even if the story were true, it doesn’t make sense to blame him. On Missouri, I remember all kinds of lies that were being spread on the radio by the NRA. Saying that Obama wasn’t vetted is silly. People were turning up at the school he went to in Indonesia to make sure that it wasn’t a madrassa for crying out loud . . . his teachers were even interviewed!
On the civilian reserve corps, I am surprised that of all people, you don’t know that Bush first proposed it in his 2007 state of the union address (listen to minutes 37-41 here and even funded it before leaving office! Were your ears plugged then?!
@Frances – My a priori assumption in analyzing the news is that governments are not into Nash equilibrium models but are rather acting completely in what they perceive to be their own self interest. I don’t care so much about what they say but rather on what they in fact do.
@doomandbloom – The chart . . . good god. It’s amazing how the same information displayed graphically can add a whole new dimension. It took my breath away.
Marc Faber & Reuters
http://www.youtube.com/watch?v=SZEYOWLBVgw
@Dan Valley
So Soros sais the gold should be sold to the IMF memmber countries so the developping countries can purchase technologies in the west. If they fail to repay the countries get the IMF gold. Neat trick, the gold should be distributed to the memebr states already because they are interest payments on 3rd world loand made with the member states money!
@Mother.. Soros is dirty one.
@Dan Valley
You are right.. Is he trying to prevent it from being sold?
Meanwhile Shell is one of the winners of the Iraqi oil contracts..Guess that won’t pollute at all..
Retail sales data that the market will celebrate today:
http://www.huffingtonpost.com/huff-wires/20091211/us-economy/
Does the following really sound like a positive indicator of “recovery” to anybody??
A 6 percent surge in sales at service stations, partly reflecting higher gasoline prices, led the overall gain. But even excluding that jump, retail sales posted a respectable 0.8 percent rise in November.
@Mother…what I fail to understand is that this mans track record is such that he cannot enter certain countries as he would be shot on site…..why in the world would anyone take his advice….hes also calling 2010 to be the yr of the hedge fund…..well we know what that means …looks as if those carbon credits are already on his books.
House to vote on HR 4173 today. Introduced by Barny Frank.
supposedly makes bailouts permanent and in the hands of the excutive branch with no input by Congress.
http://www.freedomproject.org/DiscussIt/PostComment.aspx?Guid=0d1d4ecb-7d1b-4217-9aec-0a6ab2336536&prntGuid=00000000-0000-0000-0000-000000000000&Pg=blog
Banksters try to gut the bill’s Consumer Protection panel
http://theheroesofamerica.com/?p=762
Bill creates a “credit czar”
http://blog.ntu.org/main/
@marietta … Barny reminds of those old Cagney gangster films !
Break the Monopoly! Ron Paul Introduces HR 4248, the Free Competition in Currency Act
@Mep:
Yes, stories are stories and open to question, but I thought you indicated there were NO signs that Obama was headed the way of Bush/Clinton/Reagan et.al.
I never indicated that Obama was not fulfilling the Bush-mandates: he is on board for every single one.
It is a verifed fact that Obama flew to Kenya to campaign for his family member using that taxpayer’s money. His subsequent actions are open to intepretation. I personally find nepotism distasteful, and I would surely have distanced myself from a rampaging mad-man cousin, but the world is made up of all sorts, and I’m not about to argue ethics when the blatant is buried beneath rhetoric.
@Will:
Yes, but according to the standard my preferred non-sequitur is the IMF bank where sit the toadies of finance representing the G20.
@phil
here’s barney frank and Geithner discussing HR 4173
http://www.youtube.com/watch?v=Js6mgxdFLE4&feature=related
Max Keiser’s antithesis?
http://www.youtube.com/user/randin909#p/a/u/1/FLx51RqjZKk
View from the Top: The Government’s Role Going Forward:
A KKR Perspective
I’m pleased to learn that Senator Baucus finally confessed, during a debate in the Senate on Wednesday, December 2, that the true ten-year cost of the healthcare bill will be closer to $2.5 trillion than the nearly $1 trillion cost he has sold to the public.
Increasing numbers of other Americans are following what you do very closely. We are well aware that Congressional leaders have rigged the CBO score. We know that this has been done by delaying the start point for much of the spending so that it falls beyond the 10-year window evaluated by the CBO. In addition to the unsupportable true cost, there are also these problems . . .
The CBO — Congressional Budget Office — reported on Monday, November 30, that the healthcare bill is likely to increase insurance premiums for many people, not lower them. This is not what we were promised.
And Richard S. Foster, the chief actuary of the Centers for Medicare and Medicaid Services, estimates that the bill’s health insurance mandates will cause . . .
* Individuals to pay $62 billion in fines between 2014 and 2019,
* Businesses to pay $118 billion in tax penalties
ENOUGH! Scrap this cancerous bill. Do it now!
If you want to you can check my sources here (though you guys should already know this stuff) . . .
* Summary of Richard S. Foster’s findings: http://healthcare.nationalreview.com/post/?q=YjYyMzgzZmY1ZWZjY2I5ZjFkZmQ0M2VkMWM0ZmE1OWI
* The CBO report: http://cbo.gov/doc.cfm?index=10781
CBO summary of their report: http://cboblog.cbo.gov/?p=434
It’s not directly related to this discussion – but here’s a drawing I’ve done around the idea of poverty gives us something to aspire to, as Lord Griffiths was preaching:
http://davemiller.org/drawings/places/aspiration.png
Russia central bank to buy Gokhran gold next week
http://www.forexyard.com/en/reuters_inner.tpl?action=2009-12-11T140200Z_01_GEE5BA0XS_RTRIDST_0_GOLD-RUSSIA-GOKHRAN-UPDATE-1
@marietta .. great ! Cagney .. LOL !
“Saying that Obama wasn’t vetted is silly.”
I would hardly call visited someone’s elementary school ‘vetting’ a candidate. No records from Obama’s college were ever released to the public; his long-form birth certificate to this day is not provided; and his mysterious dealings with radical leftists were pooh-poohed by the press as inconsequential.
He was elected with only minimal experience as a Senator with a spurious voting record. Did he ever attend sessions?
Obama was an informed decision of the San-Francisco tea-cosy-crowd of psuedo-intellectual wobble-headed white-women-tatting elite.
Maybe they would cut the deficit if we could get some goddamn CAPITAL OVER HERE!
Wall st.’s biggest concern is the deficit, but they are the single cause of it. If Wall st. wasn’t siphoning off so much capital, the real economy would grow thus increasing tax receipts. It’s because of the fact that these people on Wall st. all HAVE to get rich quick that we even had the inflation that causes them to have to get rich quick.
Gah! Grr…
Hey Peeps Do ya know how Ambani’s Dad started of the rags to riches story he was in some country where he figured out that if he bought coins with paper currency and melted it and sold it in the International market he made a profit , Same thing with Dollar perhaps in the near future ???
@Davem:
Stunning work! Thanks for sharing!
What we’re watching is a game of “Hot Dollar”:
Hot Dollar is a party game that involves central bankers gathering in a circle and tossing a package of BennyBux instruments (dollar bills, treasury bills & bonds, etc.) to each other while music plays. The banker who is holding the “hot dollar” when the music stops is out. Play continues until only one central banker is left. The game is designed to be fast-paced and high-pressure and is often played behind teh scenes. The game can also be played without music, where there is a designated politician who shouts out “hot!” and the player holding the package of BennyBux is eliminated.
Was http://www.youtube.com/watch?v=9tAz7HuI8ok already mentioned? It is about coffee at the end, greece, spain and ireland and a euro thing.
@Will:
The dollar is safely ensconced at present, Will, in the dollar value index/sdr baskets. I think the game you are referring to is blind-man’s bluff, where the press puts the handkerchief over the public eye while the bankers safely pursue sdr-bond hegemony financial jacks.
What is happening to the gold and dollar index right now?
What is the news?
…or maybe it’s “Musical Gold Bars”:
Musical gold bars is a game played by a group of central bankers (usually children), often in a formal setting purely for entertainment such as a G20 meeting. The game starts with any number of bankers, and a number of gold bars one fewer than the number of bankers; the gold bars are arranged in a pile in the middle of the bankers, who are standing in a circle away from the pile. A non-playing mindless celebutard plays recorded music or a musical instrument. While the music is playing, the central boinkers in the circle waddle in unison around the pile of gold bars. When the music controller suddenly shuts off the music, the bankers must race to grab one of the gold bars. The central banker who is left without a gold bar is eliminated from the game and has to apply for a job at Wal-Mart, and one gold bar is also removed to ensure that there will always be one fewer gold bar than there are central boinkers. The music resumes and the cycle repeats until there is only one central banker left in the game, who is the winner.
@ Youri, Phil, and other faithful followers of the authorized “truth movement”:
These sites and writers require discernment (Hopsicker was set up with false leads so bombed on his Florida research) but the barebones info on the Genesis enterprises is straightforward. The ptb control all sides. Why shouldn’t they?
http://educate-yourself.org/cn/peakoilindex.shtml
http://portland.indymedia.org/en/2006/10/348293.shtml
@Harry – “The News” is that consumer sediment [sic] is rising and we can all go back to sleep cuz everything is hunky-dunky. Buy some stocks!
usually children
Well, Will! Thanks for the disclaimer, I thought you were indicating that central banks were taking physical possession of gold! Ha Ha! They just are shifty about the way they release the news to the public regarding the diversification of reserves into sdr, eh?
@Harry….goldman is gonna cover short on gold……
Thanks for the explanations.
Of course will people buy on the lows. GS, the Chinese, etc.
But it is not about what consumers think. It is about what really happens.
In the Netherlands consumers think that house prices will not go down further….
New album – Squeeze the People
http://www.SqueezeThePeople.org/
Why George Soros is after IMF gold
(Info on IMF gold reserves & its disposition)
New political party, the Landless Peasants
Praise from one site visitor:
“…[Your projects] give me a modicum of foolhardy hope that at least the remainder of my own life is still worth living, even though the world is f**ked, apathy reigns, criminals control the government and corporations that control the government, I could be shot with an automatic weapon in a false-flag terror attack, shot by a stray bullet, killed by a drunk driver, killed by drunk driving, or disappeared by the CIA after being tortured in Syria, Romania, Saudi Arabia, Jordan, or at the Halliburton HQ in the UAE. Thanks brother.”
@frances
thanks very much!
@Will … New political party, the Landless Peasants
Yep .. great guy Deek Jackson .
And he is serious about his new party .
Buy his DVDs for 20+$ lie I did … and support the cause !
@Will:
I’ll join the landless peasant movement just as soon as the HM Crown Interests signs up unequivocally and honestly.
@Phil:
Guess what? I saw some of the Landless Peasant party in action round here!
http://www.largavistaranch.com/image/raw-milk-cows-grass-pasture.jpg
They resemble ruminates because that’s the only action they are capable of! But the elite find them essentially handy.