Stacy Summary: In Dublin. Wow. Things are pretty bleak here. Protests against wage cuts. Our taxi driver told us he is lucky to get two fares per day.
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ref. max keiser & Get 6 mo’s free storage
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Rick Ackerman-
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- Mish
- Karl Denninger – Market Ticker
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- Michael Hudson
- ZeroHedge
- The Big Picture
crash banksters – Buy Silver & gold
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Most recent: 
Soro’s latest scam: (oxfam blog)
http://www.oxfamblogs.org/fp2p/
http://www.gulf-times.com/site/topics/printArticle.asp?cu_no=2&item_no=288402&version=1&template_id=46&parent_id=26
“Commercialise the sdr now.”
@HarryW:
I am an economic neophyte. I bluster to get answers. I never claimed absolute truth as my stilts.
My stilts are my legs of wood: I’m a puppet too. The construsts I bring to my font of understanding were forcefed me from infancy.
I appreciate your post: I would answer but I feel inadequate and underfunded.
I’m sure it’s fair that Frances met her match in good aggressive rhetoric.
I will research and post my findings later. Thank you for your reply.
snoot
frances,
I wouldn’t have spent the time if I thought it was a waste — for me it’s about arguing the politics and economics, more often by contest than persuasion.
I know I’m dogged, and sometimes blitz the opposition to bring an argument to a head. Given the internet, sometimes I do get too involved, when taking a break can help sort out priorities and perspective. Don’t write off your contribution as a waste, the issues you raise are more important than most and I wouldn’t have learned as much about the international monetary system without your links to actual source documents.
Take a break if you like, then come back and argue again.
Nollaig Shona Dhuit.
@HarryW:
I really don’t care to post here anymore. It’s a waste of my time, your time, and everybody’s time.
Think what you like.
Try it with a link fixed ….
frances,
It’s more ludicrous than I expected: Alliance Oil were offering “…US$ 125 million in newly issued common shares in the form of Swedish depository receipts (“SDRs”)…”
… not Special Drawing Rights from the IMF.
You don’t appear to read the links you google up.
The second one simply re-iterates what I’ve said already:
SWF may invest in SDR-denominated bonds
Global Pensions | 20 Aug 2009 | 15:05
Raquel Pichardo-Allison
“GLOBAL – Sovereign wealth funds (SWF) may decide to purchase special drawing rights (SDR)-denominated bonds, creating a wider market for the instrument some have touted as the alternative to the US dollar as the reserve currency.
SWFs could purchase SDR-denominated instruments to diversify their currency risk and create more efficient portfolios, said State Street global investment strategist George Hoguet at a press briefing in London this week. …
“It is possible that the private use of the SDR could promote the public use of the SDR,” said Hoguet.
“This could in turn facilitate…the development of an IMF-sponsored ‘substitution account’ in which official holders of dollars could exchange their surplus reserves for SDRs at the IMF. The IMF would manage the reserves,” wrote Hoguet in a vision paper outlining the state of sovereign wealth funds.
This view was supported by China’s central banker Zhou Xiaochuan in March when he called for the creation of an international reserve currency and expanding the use of SDRs. …”
It’s a proposal from the Chinese, discussed in a ‘vision paper’ written by an investment management firm, in terms of what SWF may do … could do… if it the Chinese proposal were accepted by the IMF. I already described that:
“The Chinese interest is in diversifying out of dollars, and avoiding their own Renimbi becoming the global reserve currency — with the problems that entails … They want SWF allowed to use them (not just as a unit of account in private contracts)… “
See: Sovereign Wealth Funds – Emerging from the Financial Crisis, in Vision Vol IV, Issue 1, by State Street.
Note, Sovereign Wealth Funds are also, by definition, tied to sovereign states — it’s a proposed extension of their current use by central banks.
frances,
It’s more ludicrous than I expected: Alliance Oil were offering “…US$ 125 million in newly issued common shares in the form of Swedish depository receipts (“SDRs”)…”
… not Special Drawing Rights from the IMF.
You don’t appear to read the links you google up.
The second one simply re-iterates what I’ve said already:
SWF may invest in SDR-denominated bonds
Global Pensions | 20 Aug 2009 | 15:05
Raquel Pichardo-Allison
“GLOBAL – Sovereign wealth funds (SWF) may decide to purchase special drawing rights (SDR)-denominated bonds, creating a wider market for the instrument some have touted as the alternative to the US dollar as the reserve currency.
SWFs could purchase SDR-denominated instruments to diversify their currency risk and create more efficient portfolios, said State Street global investment strategist George Hoguet at a press briefing in London this week. …
“It is possible that the private use of the SDR could promote the public use of the SDR,” said Hoguet.
“This could in turn facilitate…the development of an IMF-sponsored ‘substitution account’ in which official holders of dollars could exchange their surplus reserves for SDRs at the IMF. The IMF would manage the reserves,” wrote Hoguet in a vision paper outlining the state of sovereign wealth funds.
This view was supported by China’s central banker Zhou Xiaochuan in March when he called for the creation of an international reserve currency and expanding the use of SDRs. …”
It’s a proposal from the Chinese, discussed in a ‘vision paper’ written by an investment management firm, in terms of what SWF may do … could do… if it the Chinese proposal were accepted by the IMF. I already described that:
“The Chinese interest is in diversifying out of dollars, and avoiding their own Renimbi becoming the global reserve currency — with the problems that entails … They want SWF allowed to use them (not just as a unit of account in private contracts)… “
See: Sovereign Wealth Funds – Emerging from the Financial Crisis, in Vision Vol IV, Issue 1, by State Street.
Note, sovereign Wealth Funds are also, by definition, tied to sovereign states — it’s a proposed extension of their current use by central banks.
Harry:
Have you actually really disregarded my previous posts and now are calling me to reassert myself? Here are two links:
https://newsclient.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=330467&messageId=396970
http://www.globalpensions.com/global-pensions/news/1529700/swf-invest-sdr-denominated-equities-bonds
frances,
“I linked the bond Allianz sales early on: ain’t a’lookin now.”
Just back up your assertion.
So typical of the Greeks. Take all the benefits of the EU and Germany. Then not pay their bill. Should have known better. SHould let Greece leave the EU. They will become Albania within 24 months anyway.
I remember when they were all getting us to swallow the maastricht pill. I feel bad for the Germans. As much as I love Greece, and distrust our politicians with the printing press, I hate the fascist EU and the banking cartel even more. Bring back the drachma!!
The euro is only going to get stronger. It is perhaps the greatest concept of the last 100 years. This helps uifies the mosy dynamic, talented, cultured peoples on the planet. However the US will do everything to destabilize this event (start war in ukraine, encourage Greece to default and allow massive US war machine into their country,etc.). This is a buying opportunity for the EU. Greece is stabbing germany in the back.
At Harry:
Here’s Bounty last Christmasy eatin’ her supper:
http://www.newsoftheworld.co.uk/multimedia/archive/00020/0_donkey280b_280x342_20534a.jpg
PS. HarryW:
Ma said I should see to paw-low-gize seein’ as I done called ya a name far back to Sunday. Done got me mouth washer-outzy with the sudzy when she a’read it, I mean. I ‘preciate yur takin’ the time to answer my questions-like so careful and patient-like ya got cold-sweet-tea fur blood! I getz ta riled up like’n I got some cooters in my ovee’alls bout them supra-sovereign coots a’sayin what’z best fur us is nothin. So, ya’s a gracious gently-eeman fur sure.
Bount-ee-ful sayz “howdy” sure nuff. She’z a’sportin a new hat I done woven fur her, fitz to nicety aside her long ears. She’z a smilin at yur right now!
@HarryW:
I ain’t nairy ignored yur post afore this, that’z a mistelling. And I linked the bond Allianz sales early on: ain’t a’lookin now. And Zhou was a’tellin a story bout the sdr as reserve: it ain’t a’gonna be used fur transaction: more like diversification outta dollar and savin’ the financial port-folios of them banker buddies what’z playin’ golf and such. And I guess Tiger Woods done be mollified as well as the US, sure nuff.
So, I’m a’wishin ya a merry twelve-day’z as Ma done called it. Here’s to
hopin’ ya is right-there-to-the-money. Cuz if’n I’m a’seein thangs correct-dee like we’z all in fur some devilment fur sure.
(It’z fur bonds and trade vehicles: hitch yurself up to some’a my previous posts cause it sure nuff ain’t easy findin information bout them sdrs).
frances,
You’ve asked me to ignore your posts before, but I haven’t. I’ve read and responded to what you link. It doesn’t back up what you say.
The Chinese interest is in diversifying out of dollars, and avoiding their own Renimbi becoming the global reserve currency — with the problems that entails: they have to supply the world and remain productive enough to do so, or else they’d go the way of the USA.
They want SWF allowed to use them (not just as a unit of account in private contracts) and in . Russia wants more gold involved. Brazil is interested too. None of them want to be suckers holding dollars while the USA (and UK, who knows maybe the EU too) go bust, nor do they want their own currencies driven up by becoming the staple of global reserves.
Yes, a ‘unit of account’ for an international agency…rather than a single currency, it’s a basket of reserve currencies (well, the £ is in there too.
)
Show me the bonds, if it’s a private contract, it has to be a unit of account only, a pricing mechanism based on the weighted average of the basket of currencies in the SDR.
Good Lordy!
What, Stella? Cat got your tongue?
No,m. It’s them Eur-O-Pee-uns. They’s gone and twisted my words all up like a pretzel! I ain’t a gonna bother trying to talk hoity-toity, cuz it stands, what I done said, on its own two feet. Seems like it could even get up and tap em on the shoulder like and say, “howdy”. Peskier than coons, if ya ask me, them that thinks they can press them dirty knickers of them criminal bankers at the IMF without washin’ em first.
Steller! What ya going on about? Ya lookin at men’s knickers? Ya get more like Aunt Beatrice airy day, I declare. It’s done been Christmasy for dayz and all ya doin’ is gettin redder bout the face and tawlkin loonie-tick tawlk.
Ya, Sweet Pea. Ya listen to yur Ma. We’z gonna trust in Ron Paul and get’z us a new com-pe-tiv-like dollars. They gonna buyz us more’n gold than ya can count to Tuesday. We’z be rich and Palin will lead the USA back to Glory! Why ya’z wurried bout men bankers fur? That IMF bank been round fur longer than ya haz been pullin on yur Mammie’s tits.
That’z purely, so, Stella. Now ya go hang up this mistley-toe. Then maybe ya’ll have somepeabody other’n Buster to kiss!
I ain’t a gonna hang none of that pesky mistley-toe and I ain’t a stayin in here a’listenen to yur Sam-fool-fur-nothin ideedees! They ain’t a-yurs but that Paul person who ain’t lookin you full-on in the face seein’ he’z hidin the real criminals behind some story bout George and Martha Wash-ee-ton. And I ain’t a’tawlkin period. I’m goin to ride Buster to the creek and drink me some cool Dandeelion wine and put my ears to ignore.
frances,
You know perfectly well that the EU is not represented on the board of the IMF, because we discussed this before.
Perhaps in the it future they will, if the EU ever gets it’s act together post Lisbon Treaty and doesn’t break up in the meantime. The IMF are talking about reducing and pooling the western European representation in the context of the EU aiming to become a fully sovereign entity.
Western Europe down from 30% to 17%, might offer an EU a veto, if the EU or a European pool replaces the various states, that would be the same veto power the US currently holds. That’s why it’s correct to say the US remains the leading member of the IMF; nothing can be done without US agreement.
What a ‘G30′ bunch of bigwigs propose and what happens when the sovereign states come to thrash out a deal are two different things, and both in the future and unknown to anyone, … unless they’re a prophet or actually running the IMF themselves.
Yes, I’ve heard of Paul Volker. I think it would be difficult to disagree with much of what he’s said about the mistakes made in dealing with the present crisis. He’s certainly taken Bernanke and little Timmy to task a few times, and the privateers of investment banking. But it appears he’s merely around the Obama administration for decorative purposes, sadly Larry Summers seems to carry the real influence.
@Mother….my grandfather was a russian immigrant who worked in the coal mines all his life….even lived to see them get closed…..his words on that event was that they will be reopened in 20 yrs or so but this time they will be mined by hand….haunting.
@HarryW:
I’m not about to relink all the ponderous links I left in trails to this moment, Harry. If you choose to research this phenomena, okay. I’m not your granny-tutor on this one. And the link I left Mother concerning the African Development bank indicates that the unit of account for European colonialization in the 21 century will be pegged to sdr.
Read Zhou if you doubt my veracity:
http://www.bis.org/review/r090402c.pdf
The reforms he indicated are absolutely happening. Sovereign wealth funds are being offered sdr-denominated financial instruments. The 4th amendment was passed, with the 250B allotment to members. Allianz Group subsidiary offered sdr-denominated corporate bonds for oil shares in Kazakhistan. I have been linking on this issue for at least three months: if you choose to ignore my posts then don’t rattle your two links at me! That utterly ridiculous!
‘and that western Europe’s should drop from the current 30 percent to something like what the United States currently has, which is 17 percent.”
http://blogs.cgdev.org/non-commission/2009/04/06/imf-governance-reform-committee-report-leaves-much-to-the-imagination/
Currently EU has more representation at the IMF governing board that the US, but the reform being batted about would make an independent council the new managing body:
“The G30, which consists of senior representatives from the public and private financial sectors and academia, said the Fund should conduct an open, merit based and transparent process in the selection of the Managing Director and this position should not be determined on the basis of nationality. The final decision should be taken by a newly constituted IMF Council, which is a governing body originally proposed by the Fund’s architects.”
Remember: Volcker is an active member and former chair of the G30.
http://www.group30.org/members.htm
frances,
Never mind the cow and the moon, SDRs are limited to members of the IMF, that it states, via their central banks:
“The SDR is neither a currency, nor a claim on the IMF. Rather, it is a potential claim on the freely usable currencies of IMF members. Holders of SDRs can obtain these currencies in exchange for their SDRs in two ways: first, through the arrangement of voluntary exchanges between members; and second, by the IMF designating members with strong external positions to purchase SDRs from members with weak external positions. In addition to its role as a supplementary reserve asset, the SDR, serves as the unit of account of the IMF and some other international organizations.”
https://www.imf.org/external/np/exr/facts/sdr.htm
They are used as units of account by some other international organisations, but that’s not currency:
“SDRs are used as a unit of account by the IMF and several other international organizations. A few countries peg their currencies against SDRs, and it is also used to denominate some private international financial instruments. For example, the Warsaw convention, which regulates liability for international carriage of persons, luggage or goods by air, uses SDRs to value the maximum liability of the carrier.
… SDRs are the basis for the international fees of the Universal Postal Union, responsible for the worldwide postal system.”
http://en.wikipedia.org/wiki/Special_Drawing_Rights
The BIS is more a supervisory body and a clearing house between central banks…
…the cow jumped over the moon. The little dog laughed to see such sport, and the dish ran away with the Spoon, spoon, SPOON, the dish ran away with the spoon.
In that scenerio the cow is the IMF. The little dog is the elite observer, and the dish is the BIS regulatory hegemony. The spoon would be the assets, paper and otherwise, like silver.
Because sdr are NOT only limited to central banks. Look into it.
NEWS FLASH
*beep beep*
We interrupt your regularly scheduled reading to make this poignant announcement:
Frances is understanding.
I know it is reading like wtf-who-wrote-that-bullsh*t but You read it Here, folks.
No more denying it! Own it!
SDRs are limited to central banks. That’s not really an inner circle, it’s just the rules.
They’re used as units of account in by the IMF and BIS because they deal with central banks and any single currency would render complete control of the global monetary system to a single state’s central bank.
Their expansion in the recent crisis was to provide liquidity to central banks to cope with the global nature of the crisis, to stave off a wave of sovereign defaults, and to offer central banks in creditor nations some hedge against the devaluing dollar.
[I've seen one observer note that the basket of $, €, Y & £ is a devaluing basket anyway, whilst BRIC currencies are likely to be stronger, based on their economies being unencumbered by massive sovereign debt...so the IMF is selling that basket for a slightly nicer basket of national currencies.]
As has been pointed out here, the composition of the basket is due for review in 2010; the last review also confirmed the rules for IMF rates on SDR loans (a weighted average of 3 mth rates in the basket currencies).
The rules of the IMF are set by the members, first and foremost the US, then the Japanese, and Europeans… The BIS rules (like Basel II) are agreed by the member central banks, and have to be legislated for by those states. The IMF and BIS are not sovereign entities, nor independent of their member states.
There really isn’t that much mystery to it, anything anyone can tell you is ultimately based on what these organisations have published themselves.
The IMF is a far more political entity than the BIS, because it does the emergency lending, almost invariably on the condition of financial restructuring — which is usually done in the interests of its leading states, the US, Japan, Europeans…
The BIS is more a supervisory body and a clearing house between central banks.
@Frances – Maybe they[SDRs]‘ll just go away!
They will. We are in a transitional stage right now. BIS/IMF & SDRs are very important to those who believe in the system and expect it will continue. I’m not in that group of believers.
I don’t know when the system will collapse, rendering those gentlepeople and their system obsolete; I just think there’s no way it can be salvaged. But it has a lot of momentum and can’t be easily done away with, so it will take a while for it to crash.
Thanks for being so understanding, Frances…Cheers!
“You buy SDRs or some other paper instrument that you have confidence in, and I’ll buy gold and silver.”
Okay, Will. Just as soon as I get the opportunity to ‘buy’ sdrs, I most definately Will. But, right now (looks set to continue) the opportunity is only availed to the selective elite operators who own the currency racket or sovereigns, sovereign wealth fund functionaries, and insiders. It’s a gentlemen’s club, and I’m afraid they think I’m riffraff.
I’m glad you don’t, talk down to me the humble, Will! But I do agree we disagree: shocking, isn’t it! I guess you agree with Phil, Will. I’m wondering why the BIS/IMF unit of account is the sdr if it is so not important, but there you go.
I won’t talk to Will/Phil about those dratted sdrs in future. Maybe they’ll just go away! Unfortunately, like loud women or tight-waisted boot-legged motorcycle cops, they seem the variant to a function within the global power constructs we are being slapped with by our betters.
c’mon guys its a joke. orson wells i’m not
@Stacy (cont’d)… theres a guy called Uki Goñi in Buenos Aires (American-Argentinian) who has done a lot of research on the Nazi escape routes etc… he could take you to Eichmann’s house in BsAs for some historical context.. and I’m sure he’ll have something to say about the “second wave” of norte-americanos…
@ronron: why are there 33 planes leaving from DC to paragua at 11 et tonight. whats going on.
Where did you get this data? This would be an unfortunate coincidence with a rumoured bank holiday.
now the PM’S are gonna demand a lot of respect. and they’ll get it alright. oh ya they’ll get it.
@Phil
There may be a strategy in suppressing the gold price to be able to scoop up gold mines. Most mining is incredibly energy intensive and I always wonder how these mines pay for what they do. Perhaps with futures contracts, just like the treasury that keeps going by selling bonds..
But back on the topic of pice discovery: The comex is an un colateralized paper market where varying supply/demand does not require them to buy or sell physical metals, hence there is no price discovery. It is one of the questions I have asked Max on this blog..
@Dan
Its irrelevant, the details of emissions reduction strategies. I don’t believe the issue will be resolved peacfully. I think the US will soon discover it can not get any oil anymore. Not even to drive the coal mine machines.
@Stacy — when are you and Max going to Sth America for that shoot? Are you only going to Paraguay?
@Tofu. i gotta laugh or i would cry.
…thats what emoticons are for
@ronron — oops, I see you said “33 planes”… obviously not public flights out of Dulles… maybe I didn’t catch your sarcasm, sorry…
@Tofu. can’t you hear sarcasm in my voice.
@Frances – IMO the IMF and SDRs are completely irrelevant in the long run. So they have nothing to do with what I am saying, as they are merely another facet of the failing system, a band-aid being applied to a ruptured artery.
I don’t mean to talk down to anyone! I am trying to emphasize this, or say it in a way that perhaps will shock some people into action. This is a serious situation and will continue to affect millions of people. Again, I recognize that you and I don’t agree on this subject at all. So what? You buy SDRs or some other paper instrument that you have confidence in, and I’ll buy gold and silver. The other readers can read what we and others write, and then make their own decisions.
@StaceyHerbert. tell the people. what’s up
@ronron — links for what? I thought you were gonna post a link to those flight departures?
@s.herbert
No!… are You???… Have FUNN!!!
@Tofu. links?
@SG – are you eavesdropping?
@maxkeiser.com
Yes Max honey… I know the hotel serves a full english breakfast…. no, no Max sit down… please leave the lady alone… MAX… please sit down HONEY… no!.. no!… don’t throw bananas… please sit down honey… please MAX… SIT DOWN HONEY!!!
les, now 71 says he still remembers that day and can’t remember what went wrong. he still has a strong commitment to the poor.
@ronron — 11 x DC -> Paraguay flights… source? Airlines etc?
@Sid Warburg — yeah I love flakey stuff like that, looking for connections etc, but mostly the logical connects are so low quality and speculative I end up hating the “researchers”… on one level I think the attention social coincidence/conspiracy stuff gets given is a cover for the more sinister (and tangible) PR psyop outfits, eg (John) Rendon Group…
http://216.92.66.74/index.php?title=Rendon_Group
“There are cures for this lack of comprehension.”
No there aren’t, because dialogue cannot include the sdr/bond manipulation ongoing at the central banks, sdr/denominated trade and financial instruments, and the G20/IMF hegemony over trade, domestic commerce, and code standards.
Talking down to readers, as though one is the adult and the readers are children, binds one’s arguments with thick twine.
this just in. ounce again les nessman will drop live turkeys from a helicopter on the local kmart lot. was not happy with the earlier outcome.
POG and POS comment~
When people ask me how they can know if gold and silver are still a buy, I just tell them “They are a buy as long as you can still walk into coin stores and/or banks and obtain them with paper money.” That may sound silly to some, but not to those who understand that gold and silver are not investments but merely stores of value against the decline of paper currencies (i. e. insurance policies against government default). It’s hard for people to get that because everything has been so hunky-dunky for so long (at least in “developed” countries) under the current monetary regime. Eventually, it’s not the price, it comes down to a simple binary proposition: you either have some precious metals that you can lay your hands on or you don’t. So right now, when you have extra cash (whether that’s $20 or $2,000) you simply take delivery of gold or silver coins.
It’s like the current attitude towards famine. Most people I’ve talked with seem to think that famines are something that used to happen a long time ago, or something that happens “over there” in some “third-world” country. They don’t realize that our own governments, who are waging wars (to try to legitimize their existence and to stay in power) resemble locusts, and will happily absorb everything, even the basic necessities of the people whom it is their sworn duty to protect, in this quest to remain in power. We’re headed for big problems feeding people; the financial crisis has created new problems which will make growing and dstributing food much more problematic in the future, and that’s assuming we don’t get any new problems created by inflation, new wars, etc.
This is why people in Vietnam are willing to pay upwards of $1,500 per ounce for gold. They haven’t forgotten. That one fact, plus the Indian CB dumping dollars for gold tells me we’ve got a long way to go.
Meanwhile, as shown on YouTube, people in the US will examine at a 1 oz. Maple Leaf offered to them for $50 with a puzzled look, and wonder “What’s up with that dude?” as they continue to wander around in a reverie.
There are cures for this lack of comprehension. While at present there is probably still time for learning via reading and study, it’s getting late and most people will probably have to get knowledge in this domain through the hard-knocks experience route.
Just my 2¢…
the links in previous post..
http://www.lawseminars.com/detail.php?SeminarCode=09GHGTB
http://copenhagenreport.com/
why are there 33 planes leaving from DC to paragua at 11 et tonight. whats going on.
it seems we have the tv’s up and running, so here’s wolf blitzer and anderson cooper with a bunch of bullshit. cool bullshit. later larry king will have dave lettermans monkey’s as guests.
@All..this email was from a friend in the industry………..
EPA’s Endangerment Finding on Greenhouse Gas Emissions
A 90-Minute TeleBriefing
December 16, 2009
10:00 AM PST, 11:00 AM MST, 12:00 PM CST, 1:00 PM EST
View the program agenda here.
Mr………..:
There is still time to register for tomorrow’s 90-minute expert analysis by phone to discuss EPA’s much-anticipated “Endangerment Finding.” Issued on December 7, 2009, the finding formalizes EPA’s conclusion that greenhouse gases pose a threat to human health and empowers the agency to regulate the emission of these gases under the Clean Air Act.
Register now and call in from anywhere to join this discussion on the impacts of the Endangerment Finding, including its relation to the greenhouse gas tailoring rule and PSD permitting requirements. Take advantage of a unique opportunity to hear from and ask questions of our distinguished faculty, which includes Dina Kruger, Director of the Climate Change Division at the U.S. EPA.
Moderated by Bradley M. Marten, founder and Managing Partner of Marten Law, our distinguished panel also includes William Becker, Executive Director of the National Association of Clean Air Agencies (NACAA); Svend Brandt-Erichsen, a partner at Marten Law; Dennis McLerran, Executive Director of the Puget Sound Clean Air Agency; and Thomas R. Wood, a member in the Environmental Law Group at Stoel Rives LLP.
Copenhagen Report: Find more background on the endangerment finding and daily blogs from Marten Law on the U.N. Climate Change Conference at http://www.copenhagenreport.com
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My friends take…..
they’re serious about this – now they can deny a project in Florida because of the effect to polar bears… its obscene.
All i see is a recovering £ & $…….Euro/Gold getting killed!
Mike
Firedoglake on health care: Kill the Senate bill.
Seems Patriotism sells gold:
http://www.businessinsider.com/the-glennbeckfoxnewsconservativetalkshow-axis-of-gold-2009-12
@harry w
Yeah… The Lionel Hampton swings… like a pendulum!!!
Nina Simone – Eretz Zavat R’á’lav U’dvash
http://www.youtube.com/watch?v=VGuXEWuZLlw
not to be confused with milk and alcohol.
woops the cost just went up 1200 in the last three hours all tv and internet is suspended for 24 hours.
@Phil/Germany. thats the achilles heal. cost 3000 to get it out of the ground. you know the deep storage.
@Mother
Gold mine production has been going down since over 10 years.
IMO, for 4 main reasons :
a) the price of Gold is too low , thus making investment unattractive
b) the price of Gold is too low , thus making most mining operations big loss makers
c) the big guys are buying up all those little weak guys .. which is part of their plan IMO
d) the real cost of gold mining .. to the environment , means that the gold price would have to be hiked enormously in order to execute “clean and safe” mining
in a cold sweat. dadadadundadadadundada. ohya?
@Phil
Well, is the availability of gold and silver also changing in perfect synchonicity? So then what meaningfull price discovery are we to expect. Price discovery is not meant to be simply looking at the pricetag I assume
@ronron … you assuming that there is not a huge demand for physical silver. there is.
Actually, I know there is a big demand, and haven’t really factored it into my belief of where the silver price should be .. which is at least 70$ .. just being conservative.
I know there was a drop in demand after the Digicams took away the film-industry’s use of silver.. just need to look at Eastamn-Kodak (EK) to see what happened to their film demand.
@DELIVAMISILVA
LOL .. too right !
@Mother Earth – gold & silver price action.
One thing that has been weird over the past few weeks is how far behind silver lags when gold makes a move. Usually they track very closely, but lately it seems like silver has to play catch-up, whether the direction is up or down. Watch the G:S ratio (posted on Kitco). Some traders try to arbitrage this with spreads, but it doesn’t seem to be working as well lately.
Another factor to watch (also on Kitco) are the PM lease rates. Both have declined over the past year; in the case of gold, the one-yr lease rate has dropped from ~1.4% a year ago to about .4% now, while the one-yr rate for silver has dropped from about 2% to about .4% today.
If you want to look at these charts, go to the two Kitco sites (www.kitco.com and http://www.kitcosilver.com) and look over at the right sidebar. The longer term gold graphs are well labeled, but to get the silver graphs you have to click on the silver lease rate graph itself, which makes another window pop up.
DELIVAMISILVA
The elite might be operating with awesome power, but the odds in their favor make the contest a crap shoot: really, hard to respect the winning team at all. Here’s Monty Python with a realistic look at the elite playing field:
http://www.youtube.com/watch?v=TSqkdcT25ss
@Phil/Germany. you assuming that there is not a huge demand for physical silver. there is.
Daily Bell :
Tony Blair Tricked UK into War
The members of the Chilcot Inquiry have a choice: they can be loyal to the Establishment or they can expose the subterfuge … The degree of deceit involved in our decision to go to war on Iraq becomes steadily clearer. This was a foreign policy disgrace of epic proportions and playing footsie on Sunday morning television does nothing to repair the damage. It is now very difficult to avoid the conclusion that …
…
http://www.thedailybell.com/662/Tony-Blair-Tricked-UK-into-War.html
the aussie gov does not care what’s going in, its whats going out they would like to hear.
@Mother … synchonicity of price movements of gold and silver?
Of course !
What do you want to say in particular?
another cool aussie was avagoyoumug but he went missing. i think the new filters are already in over there.
@ronron .. Stellconcepts
Yes, nice guy, but he gets it wrong sometimes… and admits it . OTOH, I enjoy his videos simply to have a listen on Silver+Gold.
The Jessie JPM article could have been written 30 years ago .. things never change it seems.
I mean, this is the whole problem .. that those FED member banks can basically effectively print their own money.
The Hunt Bros. thingy was also a case of suddenly (te FED) changing the rules which meant Hunt had to liquidate his margin. One can debate which of the Hunts or JPM were the bad guys, but in my book, the FED member banks play using their own rules and change them whenever it suits them.
i.e. they can easily continue to short AU and AG as long as they want .. printed-paper dollars cost nothing.
Of course, this doesn’t just apply to AU/AG.
@Phil
Hellooo…Have you never observed the suspiciously synchonicity of price movements of gold and silver?
another cool aussie silver guy was theomegaman but he disappeared. africa i think. i miss his take.
@Phil/Germany. thanks for that. i hold a lot of silver. was looking for new stuff. do you see stellaconcepts vidios on utube. silver nut like i.
Ratigan: House bill reform? You’re lying!
http://www.youtube.com/watch?v=OPV3h_dpBwQ&feature=sub
In case I haven’t posted it already.
Congressmen to call for break-up of banks, resurrection of Glass-Steagall:
http://www.huffingtonpost.com/2009/12/07/congressmen-to-call-for-b_n_383128.html
tofu, I do take this Tavistock Institute very seriously! I did read the Coleman book about it and I found sometimes hard to digest! I can tell you about Adorno that his wife wrote his texts since he could not write very well! His relation with Tavistock is proven! The Beatles story is weird, but on the other hand the song texts etc. are to deep and sophisticated for some simple common boys from Liverpool (sorry mike)…. I invite you to read the stuff of coleman as well, it is worth it.
Jesse’s Cafe: Is the Price of World Silver the Result of Legitimate Market Discovery?
http://jessescrossroadscafe.blogspot.com/2009/12/is-price-of-world-silver-result-of.html
Binbo Suacy emails me that they found the reason why coconuts seemed to randomly disappear trom the exchange recently. Apparently the octopus brothers where stealing them… http://tinyurl.com/ydcf3eo
@Mike .. try this one :
Just in :
Good Debt vs. Bad Debt
http://www.caseyresearch.com/displayCdd.php?id=300
do you guys have arithmetic in liverpool.
@Mike/Liverpool … Jim Wille is pure “X-FILES”. Don’t mention him again. Mike
LOL
I hate X-files, but JW is great !
Wells Fargo Opening Delayed On NYSE, Traders Scramble
http://online.wsj.com/article/BT-CO-20091215-712945.html
I guess they know why they were nervous !
( posted weeks ago on this )
@mikeliverpool. are you the gold hater. gold tanking guy. gold was at 999.00 about 7 weeks ago. who the fuck made 30 points in 50 days.
@OP. very nice of you. i too was thinking about kittycat. pipip. cherio. chin up and all that.
Arabs about to dump $?
http://www.telegraph.co.uk/finance/economics/6819136/Gulf-petro-powers-to-launch-currency-in-latest-threat-to-dollar-hegemony.html
I think they too worried by the US, or perhaps IF the US is going bankupt then…………
@Bonn
Maybe not a myth, but misunderstood. You don’t suffer if what you do makes you feel good. Herd mentality means that people try to be the less likely victim and stop there, which always implies there are victims. In the same herd you see predators chased away when the inividuals decide to fight. That mentality depends on one individual being able to win without help. Then others feel safe enough to fight. The enabler needs to suffer (if nothing else the risks of his action)
Scandic has free wifi yeey!
Jim Wille is pure “X-FILES”
Don’t mention him again.
Mike
oops this long link should work
http://www.theage.com.au/technology/technology-news/internet-censorship-plan-gets-the-green-light-20091215-ktzc.html
@ Stacy – Hope that you guys have a good trip.
We started off as a prison camp so why not continue the theme, I bet this site gets put on the banned list.
http://tinyurl.com/ydax4a
@OP … did you find kitty cat?
Yes , she came back at 10 this morning .. to our great relief.
Thx for asking !
Volcano in Philippines close to eruption
http://english.ntdtv.com/ntdtv_en/ns_asia/2009-12-15/477124964991.html
Interestingly these minor eruptions spew 100′s tonnes of CO2 into the air per day, but the real killer is the millions of tonnes of Sulphur Dioxide also released. SOX is a known carcinogen not too sure if the paper masks will help much…
http://www.msnbc.msn.com/id/34370302/ns/health-mental_health/
“In a scientific experiment that brings to mind the memory-erasing escapade in the 2004 film “Eternal Sunshine of the Spotless Mind,” scientists have blocked fearful recollections in human participants, sans drugs. The results challenge the view that our long-term memories are fixed and resistant to change…”
@Sid Warburg — no wonder David Icke likes talking about Tavistock/Coleman… Theodor Adorno writes the Beatles music for them? LSD only useful for “brainwashing” and manufacturing conformists? (lol) Are you buying any of this?
On C-Span, Congress is debating Iran sanctions. So far only Ron Paul, Dennis Kucinich, and another Dem have objected to the bill. The main goal of the bill is to cut off gas imports to Iran.
Coming from your average Joe Six Pack, how could one blindly keep pouring their money into the stock market at all? Your average Joe investor is not picking apart profit and loss statements and if they do take the time needed to do so, they are only given half the knowledge they need about actual assets and liabilities based on fraudulent accounting tricks. The whole thing is a big stinking gamble based on lies and paper promises.
Do you then neglect any appropriate research and let the fund manager take care of the due diligence? Why would it matter when you take into consideration that the fund manager also does not have the whole picture regarding that public firms financial stability and ability due to these accounting gobbildy-gook?
When I pose this question to other average schmucks such as myself, they point into the direction of 401K investments being tax deductible and company matching means. So it is free money. How could walk away from that? That answer, of course, does not address the concerns which I have about accounting fraud and not enough time for proper due diligence on investing prospectus. Free money, so-to-speak, is meaningless when it is taken away through stock dilution and market crashes engineered by the Fed.
The whole game stinks and even when I posture the realities in front of those that blindly sock away any extra income they have into this game, I am greeted with snide smiles indicating that I am nucking futs or the blank stare of a toddler that is busy soiling their diaper.
The hope I have for this society is slim, but at the same time I have been talking so much about this recently that when events come to pass as they will, those same diaper soiling toddlers will be asking me what I was talking about back then. Not that any good will come of it, but I will be there to talk when the time comes.
Culture and the western race had to be destroyed according the Tavistock institute!
@Phil/Germany
Thanks for the link yesterday on CCE (Goldman), due to time difference I couldn’t respond. Have one more class to go and I will be finished for the year. (did you find kitty cat?)
What might interest you frances is that Coleman´s book about the criminal Tavistock Institute (Sigmund Freud was involved at its beginning as well) is based on a mayor work of Spengler, read following quote:
During the course of its evolvement, Tavistock expanded in
size and ambition, when in 1937, a decision was made to use
the German author Oswald Spengler’s monumental work,
Untergange des Abenlandes (The Decline of Western
Civilization) as a model.
Hope Max and Stacy don´t get stuck somewhere in the UK.
Freezing weather expected and there appears to be a lack of salt for the roads:
http://www.guardian.co.uk/uk/2009/dec/14/freezing-weather-snow-uk-temperatures
But don´t worry, when it comes to restocking salt stocks, the councils rely on a Just In TIme strate…..Oh.
I’m shivering on account of this, Phil!
DELAYED SECONG BANG
good lord!
@Phil:
I’m not of a religious bent, and I don’t bet on probabilities.
Do you want me to read and analyze his essay? It looked like it had more bang than buck. (bang the european banks, bang the dollar, bang bang bang)
Oh, but gold will rise like a phoenix from the ashe.
WEPOLLOCK – Knights Cross and Five Large
http://www.youtube.com/watch?v=P5bDFkDhj6Y&feature=sub
6 minutes
@frances .. WOW , you obviously read his article quick !
Sure , he goes overboard somewhat , but the path he is showing gets more probable by the day !
@Phil:
Jim Willie should put his stories on cereal boxes: maybe he could even have a golden ticket insert. Luck and hope make a gold-bugs bedbugs.
@warburg sidney .. interesting !
It wouldn’t surprise me wrt Yoko ..
@frances … So, Willie is saying that the central banks took physical possession of the gold? Do you have ‘the’ link?
No I don’t …
AFAIK , Germany demanded it back .. no idea if it has happened yet.
France got theirs back in 1971 IIRC
Coleman in his book about the Tavistock Institute believes that the music and lyrics of the Beatles songs were not written by the Beatles, but by the Twelve tone music theorist (student of schoenberg), Adorno. Alan Watt even says that Adorno was owner of the royalties of the Beatles songs which he sold to michael jackson! One thing is for sure Adorno worked for the filty Tavestock. And there is some evidence about the so called Aquarian Conspiracy, a large brainwashing program, to get the youth of the 60/70th on sex drugs and rock and roll (huxley pushed the LSD program of Tavistock, and yoko ono is probably an agent of Tavistock brainwashing institute).
from the Coleman´s book:
For instance we meekly
accepted the “Beatles” and their “novel music” and lyrics-if
one dare call it music and lyrics, having been told, that the
group wrote it all themselves.
Actually Tavistock graduate Theo Adorno, whose 12-atonal
discords were scientifically pitched to create mass
“environmental social turbulences” all across America, wrote
the music. None of the Beatles could read music.
Nevertheless, they were “puffed” day and night without
ceasing until everything about them, – lies and all, was
accepted as truth.
@Phil:
LINK???
Humour me.
@frances .. JW is always a bit aggressive in his tone.
China expects to accumulate 10,000 tons within the next years … after only having ca. 1000 tons to date.
So six-fold is not exactly an exageration IMO.
US – 8.3K
GER – 3.3K
SWITZ – 1 K
ECB – 0.3 K
… roughly !
Broadcom’s Ruehle, Nicholas Win Backdating Dismissal By Edvard Pettersson
Dec. 15 (Bloomberg) — Broadcom Corp.’s former chief executive and financial officers won dismissal of criminal charges over stock-option backdating after a federal judge found that prosecutors had intimidated witnesses.
http://www.bloomberg.com/apps/news?pid=20601103&sid=aU.P7PV07Zck
No comment !
They plan to increase their gold holdings six-fold in the next several years. Central banks in aggregate have turned to accumulation in the last several months.
@Phil:
So, Willie is saying that the central banks took physical possession of the gold? Do you have ‘the’ link?
But ya gotta be real skillfull dunno how ya gonna do it if ya choose to do it
@ Max Keiser
Unless u address 9/11
hmm errr u got a voice
oks me being stupid………….
PS@Full Circle of Govt Debt Default
…
The next confusing events will probably bring about a decline in the Euro currency from imminent and actual default in at least two European Union member nation government debt securities. That is at least two European national sovereign debt defaults. The Euro should decline from such severe events, amidst uncertainty, at least initially. Later, when the European Monetary Union fractures with a shattering deafening blow, the new central core of the Euro currency will be revealed. When that historic event occurs, essentially the revival of the Deutsche Mark, the USDollar will resume its decline in a powerful manner. Gold will then rise in response powerfully in US$ terms. During the monetary earthquake with European government defaults, the gold price will rise powerfully in Euro terms. After the introduction of the new Core Euro currency, the gold price in Core Euro terms will stabilize, with a handoff given to the gold rally in US$ terms. Such will be the nature of the rotation phenomenon. Mainstream analysts will make errors all along the way to promote the false notion of flight to US$ safety and security, when none exists. A flight out of paper fiat currency is the key, and flight into Gold is the major mega-trend that has begun to occur and will continue to occur. Those naysayers might want to examine the gold accumulation by the major savers of the world, who happen to be the major creditors to the USGovt and thereby the major supporters to the USDollar, namely China. They plan to increase their gold holdings six-fold in the next several years. Central banks in aggregate have turned to accumulation in the last several months.
…
http://en.wikipedia.org/wiki/File:Gotland-Dalhem-Kyrka_Glasmalerei_07.jpg
We choose not to .Which is so sad.
“The truth is survival requires suffering.”
These words spoken rhyme with all religious fanatics posture: who impose suffering as a requirement of their strictures.
Got flagellation?
Full Circle of Govt Debt Default
By: Jim Willie CB, GoldenJackass.com
– Posted Tuesday, 15 December 2009
http://news.goldseek.com/GoldenJackass/1260928800.php
Good write up !
@ Mother Earth
The truth is survival requires suffering.
Thats a Myth trust me that is whole hearted BS
If we want we can bring these idiots to justice
Period.
which turns to national roots, opposing the global slavery!
I am in spain and wonder when spain will follow?
It might be a good idea to start a movement that quits the EU and which to national roots opposing the global slavery!
Roubini contradicted
http://goldtent.net/wp_gold/wp-content/uploads/2009/12/qbamco-roubinirebuttal.pdf
@Bonn
The truth is survival requires suffering.
BRIC country’s sayin bolluks
Hope fully thats the turn out
but gaurnteed in the long run “Truth will prevail”
they were efficient enough
I have travelled by air I know the security checks pre 9/11
swine flu vaccine recalled due to lack of efficacy
http://www.comcast.net/articles/news-general/20091215/US.MED.Swine.Flu.Vaccine/
By the way, Danish woman rock..Californian woman swing
I like the fact that you know so much about India and China
Bonn, if you will desist from doing the backstroke on the floor for a minute, I’d like to remind you that I said I was basing my thoughts on stories. If you liked the stories I referenced, I can link more.
9 / 11 I aint gonna stop u’ll have ta Bar me
We can’t go forward Plz dont insult me
@max and stacy
PLEASE. PLEASE STOP… talkin’ to taxi drivers about politics… damn don’t people ever learn!!!
I was in Barcelona with my sister, and we had been fighting all afternoon over trite nonsence. The cabbie smelled enough to sell circus tickets without a billboard, and I noticed in an irritated fashion that, when the haze from the cigarette smoke cleared, the meter was running FASTER at the stops then at the gos. I inquired in broken Spanish as to how this could happen. He replied that we were paying for HIS time. I then told him, in more broken Spanish, what I thought his time was worth and that his mother slept with gorillas. (Mind you this was after being ripped off for days on account of my gringa-status)…
The taxi-driver pulled over and spat on my sister.
It was truly worth the time spent: I got a free ride and won the fight.
But a hedged bet in a cab is worth the effort.
Its too funny for me to get into
“Golden Era”
LOL
@ Snoot
I like the fact that you know so much about India and China
LOLOLOLOL
RODFL PMSL
Just a couple of days
LOLOLOLOL
The EURO is KAPUT.
@max and stacy
PLEASE. PLEASE STOP… talkin’ to taxi drivers about politics… damn don’t people ever learn!!!
“Look forward, not backwards” – I was referring to the evolution of the monetary system that is taking place
From what i have disected ” History does repeat it self ”
Unless we change that !!!!!!!!!!!
Ya gotta stop thinkin people in power are better than us
Ratigan: TARP Repayment Scam
http://www.youtube.com/watch?v=KBoND_QtLw4&feature=sub
3 minutes
Wells Fargo sells $10.65 billion in stock to exit TARP
http://finance.yahoo.com/news/Wells-Fargo-sells-1065-rb-4102778273.html?x=0&sec=topStories&pos=main&asset=&ccode=
I must of missed something..what are you on about Bonn?
“Look forward, not backwards” – I was referring to the evolution of the monetary system that is taking place. Times are changing, worrying about what a psychotic leader did in the past will not help you to see the changes that are taking place in the monetary system.
Maybe you assumed that I meant not to worry about the crimes that were committed during WW2…seeing as how you brought 9/11 into the conversation? That is not what I was referring to.
Bahen Chode
thats Gmail
@ GoldFreak
Go burry yourself ya MF google google good ya find enough evidence n dont fu$ckin dare me
Sadda E-mail is [email protected]
@Danny … SPITZER …Dupre worked for a suspected Mossad agent, former Israeli tax official Mark Brener, aka “Michael,” who ran Emperors Club VIP, Brener used his escorts to entrap Spitze
Great find .. I told ya all !
@ GoldFreak
Tell that to a 9/11 relative
Gold freak
@ Look forward, not backwards
If ya don’t know what happened how can ya look foward thats the most ridiculus statement i’ve ever heard
http://www.theaustralian.com.au/news/breaking-news/court-rules-to-protect-press-sources/story-fn3dxity-1225810793106
To my mind, this is a very welcome positive symptom of the inexorable transition towards political and international unification. Bretton Woods is very old people. Consider all that has changed since then and how when it was drafted the public wouldnt have even known vaguely about it until the papers were advised by those directly involved once negotiations had been finalized. Now the world bank publishes its ideas in what must be said to be a relatively inclusive fashion.
http://newsletters.worldbank.org/newsletters/listarticle.htm?aid=151752
And Italy was a swinger at that time which ever the way the wind blows I follow
N I thought Everyone at tis site knew or knows the bankers support both side of the Wars
Or do I have to go through that again ???
Protesters converge on JP Morgan Chase offices in NYC. Protest signs target CEO Jamie Dimon.
http://www.google.com/hostednews/ap/article/ALeqM5hAKL0dqYHkc_5Y2fTSFOnMVrCl0gD9CJBV600
Escort who helped take down Spitzer gets advice column in NY Post. Ashley Dupre to offer advice on relationships. Here is one relationship she will not cover: Dupre worked for a suspected Mossad agent, former Israeli tax official Mark Brener, aka “Michael,” who ran Emperors Club VIP, Brener used his escprts to entrap Spitzer, the Duke of Westminster, and PA Governor Ed Rendell. Spitzer threatens AIG and Goldman Sachs, NSA’s STELLAR WIND warrantless wiretap program grabs Spitzer’s credit card transactions, and the raw intelligence is leaked to the press, including Rupert Murdoch’s NY Post. Spitzer is gone and AIG and Goldman are home free. (Wayne Madson)
http://mediadecoder.blogs.nytimes.com/2009/12/13/woman-linked-to-spitzer-gets-advice-column/
@ Bonn
I don’t see how that has anything to do with the topic at hand
Look forward, not backwards
@ Phil /Germany
he did not invade the Vatican, because he’d have Italy against him
But he thought it was wise to prick Soviet Union while …..
Bonn keep quite u going through unchartered territory
LOLOLOL
I don’t care
Esp. Because I can’t be touched.
@Bonn … Hitler & Gold
a) they’re still trying to find Hitler’s Gold & art treasure
b) he did not invade the Vatican, because he’d have Italy against him
What he “did” do was to introduce Church Tax “for” the Vatican in return for them condoning him.
Mussolini paid cash IIRC.
If u a Conqurer Why not Invade Vatican and Swiss
ANYBODY ???
@ Palantíri
Seen that Z thing long back
No I fight for my country
US PErsonale are wondering WTF they doin in Iraq n Afghanistan
@ Phil /Germany
It seems that Denninger and Hudson are saying the same thing… default on some of the debt so that people do not become debt slaves.
Hey it working for Argentina at least to a degree.
Frankly speakin Hitler died at an old age in South America there is lot of evidence to support that
But Nooooooooooooooooooooooooo
Bonn is crazy
If I was hitler I would do the same
take a U-boat head to a place where peeps would’nt Question
@Bonn – consider this; Gold for bread http://www.youtube.com/watch?v=7ubJp6rmUYM
I agree that barter system will be implemented when currency fails, gold will have an exchange value.
Dublin’s always grim
A re-post for this relatively light lecture from the Irish media economist of the day, who argues against Ireland keeping itself on the €uro-rack (same would apply to Greece I suppose):
Authors@Google: David McWilliams
He talks about the wisdom of taxi drivers too. [Didn't they cause the US-UK invasion of Iraq?]
@Gordo
I have a hundred trillion dollar note (Zimbabwean), so never say never..
Jim may have been right, but the circumstances of the current stress are far from natural.
@Dedo
Of course on the contrary. If nations decide that the only way to tame the beast (the US) is to cut their funds and oil supply in a hurry the dollar will be toast and gold will be one of the commodities the people with other currencies will understand. You won’t be able to buy it though, except in short distance barter chains.
Lieberman wins. The republican win. Death wins, life loses. The delusional and globally uncounscious US will pepare its unfit citizens for cuicidal war and slog it out for the resource they could do without and the control they won’t be able to benefit from. Its panicked clinging, the way a drowning person can drag a saviour down. Life guards learn how to knock a drowning man unconscious while he is being saved, but how do you knock out an already uncounscious victim?
@ GoldFreak
Then Why had Hitler never entered the Vatican
I think there is enough Gold there
Yeah right:
The deeper truth that few in Euroland are willing to discuss is that EMU is inherently dysfunctional – for Greece, for Germany, for everybody.
Ambrose has picked up his old habit of Euro-bashing once again. That’s not a surprise…
He does not understand that the creation of the euro has been the sole event that started the demise of the dollar.
He is not unintelligent, but poor old Ambrose should dispose of his agenda if he really wants to make sense.
Farmland is taxed and requires maintenance. Farmland can provide you with food or even income but it is not in the same league as Gold when it comes to storing wealth.
Central Banks want gold, not farmland
I Know you gotta go through 2 tons of stone before u get an ounce of Gold
But da ya really belive the NWO shmucks think like that they just freakin laughing in my opnion
And what are they after Dimonds NOOOO
Gold Nooooo
They want Land all of it
Period…….
Max open to debate and anyone else
Hic
yes i drink everyday but i smell a rat a mile away
I think Pritchard’s comments on subsidies to the south like German reunification is interesting. I wonder if this was the plan all along. That would make Germany the boss.
@Bonn agreed
If gold goes to 5000 I think we are effectively are in chaos and gold will be useless.
if ya come n show me 1 Kg of Gold n i happen to have 5 acres of farm land do ya think I’ll make an exchange at uncertain times
Me farm land is sustainable till i Die
@Bonn … Lets be practical Who is gonna buy?
Any local German bank !
@ Gordo
Even if Gold touches 5000 $ an ounce
Lets be practical Who is gonna buy?
The public rather shift to Barter system of trade.
Nobody uses common sense anymore
And it’s your God given 6th sense
@ Gold price 1 Trillion USD
This will never happen.
The Age old Question from Bonn “What da ya use Gold for in your daily lives ?”
If ya do then its worth it !!
Gonna get a little crazy now
Zecharia Sitchin
Jordan Maxwell
they belive in Planet X or Nibiru our sister Sun or Wife
A brown Sun when it comes who knows 2012 or 2102
Hic
Invest in stuff people actually use
Iam fully invested in Land
All Kings were worried about is how much land have we Conqured
Haliburton wanted Iraq Oil fields
Hic
Well of course he can’t get a fare when Dublin has more taxi drivers than New York, but its kind of their own fault for being greedy.
http://www.herald.ie/opinion/its-crazy–weve-more-taxis-than-new-york-1668697.html
Gold is getting Killed!
$ climbing
£ climbiing
& “Mery Xmas” you MAX!!!!!
(at lest he not singing!)
Mike
@ronron ..Karl Denninger
…. has be writing to Congress for years , but is never listened to .. no wonder, the Govt. & Co. are too busy doing their Bankster friend’s bidding.
He was once on CNBC , and basically didn’t get a useful word in !
The whole system is broken IMO … G*d knows who’s buying all those WS stocks … probably 99% HFT by now !
;-(
@Phil/Germany. denninger has a point and i take him seriously. thanks for the link. i’ll keep buying silver and spend very little on wants.
there goes our (their) free speech…
http://news.bbc.co.uk/2/hi/technology/8413377.stm
Denninger –> To Congress: Your Loan Has Been Called
… We have fixed nothing in the last two years. We have not forced bad debt to default yet worse, despite the incessant pumping and attempted “forcing” of credit into the system via government borrowing the pump has now officially failed, as the new Z1 data shows….
http://market-ticker.denninger.net/archives/1731-To-Congress-Your-Loan-Has-Been-Called.html
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Larouche has been consistently right for the last 40 years and he is the only one that has the solution to solve this problem not only for Greece, Spain and Portugal but for the entire global economy.
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Although Larouche is daft in many ways, things are going so bad for the US and EU that some of his reasonable ideas may get a hearing — so long as they preserve the Leviathan of the State.
This global economic crisis has called into question what the modern Leviathan is — but in the US’s case it is clear that it is dead and consigned to the dustbin of history.
Max on any Irish media today??
Many economists and analysts have warned that the Euro would not work.
Jim Rogers said a couple of years ago: “A political currency based upon different countries agreeing to use the same money will not work…”.
Lyndon Larouche has warned before the Lisbon treaty was signed: “…Europe is hopelessly bankrupt and giving up their sovereingty will not solve this”.
I say we implement Larouche’s 4-Powers agreement between Russian, India, China and U.S. before it’s too late.
Larouche has been consistently right for the last 40 years and he is the only one that has the solution to solve this problem not only for Greece, Spain and Portugal but for the entire global economy.
This just hit the YouTube :
Gold price 1 Trillion USD
http://www.youtube.com/watch?v=uC7IAZz_XLk
Gold price 1 Quadrillion USD
http://www.youtube.com/watch?v=1AuZuhEIQdE
Gold price 1 quintillion USD
http://www.youtube.com/watch?v=Jq1ZqUObtPk
Gold price 1 Centillion USD
http://www.youtube.com/watch?v=hGepCEGLn98
– It only has 303 zeros! (Still way too small, not a Googleplex)
– Zimbabwe went bust on ~20 zeros, but the US can make it to 303…