Chinese firm refuses to pay Goldman $80 million in derivatives losses

Stacy Summary:  Oh yeah, here it comes.  If your government has nukes, trillions in T-bills AND will stand up to US extradition treaties . . . you have it made in this gangster-gulag-casino economy.

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109 Responses to Chinese firm refuses to pay Goldman $80 million in derivatives losses

  1. Good, fuck em.

    A tidal wave of canceling of ‘bets’ with the Goldman monster would be the thing. Then perhaps a weakness in the stock could set the stage for massive shorting attack on it.

    And indictment of Blankfein must now be on the table and in the dialogue. As long as people are ‘trying’ to reason with these criminals they are simply giving legitimacy to their enterprise. Start calling for Blankfein and cohorts to be imprisoned and all of their monies scammed to be expropriated. Change the language and empower the dialogue.

  2. California Doctor

    After ending up in a bunch of YouTube videos showing mideast violence, all I have to say is that the pro-war Israeli’s are sick people.

  3. California Doctor

    Thank you to the person who posted this link

    http://www.youtube.com/watch?v=GtfD8h9aDCY

    Remarkable C-SPAN tape of a CiA operative testifying to threats against he and his family from the Bush 43 Administration

  4. Well………. as you would expect, all the really talented sociopaths
    go into finance and intelligence. Go ” Da Lu “………Shenzen Nanshan isn’t paying any round eye pickpocket like Goldman
    for its ” services “

  5. @Fibon11235 …. yes, I have seen it.

    A political atheist ! … I think most of us here are also such.

    A like Gerald’s style, he reminds me a little of the old “character” films with people like Herbert Lom, Humphrey Bogart etc. A guy that talks dead straight into the eyes.

    BTW .. & sure, the next false-flag event is actually long overdue .. probably !

    Back to those lovely old Hollywood films ….
    A lot of those Bogie films were often filmed in “one room” for the whole duration of the film .. and were still captivating.
    Compare that t today, where without all the “expensive” special effects etc., the actual “content” would be completely empty.
    What a polish friend of mine used to say about American films : “If there are NOT 10 bodies within the first 5 minutes, then the film is a dud” !!

    & Back again to Gerald Celente ….
    He explains that anti-Americanism is increasing WW and the chances of a real terror attack is increasing.

    Well, what does America learn from that ( not that they want to ) ? .. nothing , except to restrict our own civil rights even more, rather than solving the root cause : war for oil !
    i.e. the ruling elite have already written off the Constitution in the expansion of the M.I.C. … nothing new.
    In Cheney’s opening Foreign Policy report 9 years ago, he actually stated that the US’s #1 priority was to secure US Energy needs , using the military if required.

    The only question is IMO, how fast and how far will this go, before Americans wake up … my guess is that by the time they wake up, it will already be too late for “Change” !
    Obama certainly knew that “Change” will happen !
    LOL

  6. Whhoot Whoot
    Like I said Just Ignore these to teenage freakin countrys
    LOL
    Hic ;-)

  7. “U.S. Intelligence Found Iran Nuke Document Was Forged”

    WASHINGTON, Dec 28 (IPS) – U.S. intelligence has concluded that the document published recently by the Times of London, which purportedly describes an Iranian plan to do experiments on what the newspaper described as a “neutron initiator” for an atomic weapon, is a fabrication, according to a former Central Intelligence Agency official.

    http://www.afterdowningstreet.org/node/48781

  8. They are all the same.
    Bankers are Bankers in any language.
    Fraudsters are Fraudsters.

    http://www.theaustralian.com.au/business/news/china-details-missing-385bn-in-public-funds/story-e6frg90x-1225814673622

  9. Re: “In the midst of two unfinished major wars, the United States has quietly opened a third, largely covert front against Al Qaeda in Yemen.”

    And what was the Yule Tide result of that new front?
    Pretty much makes this point: http://www.youtube.com/watch?v=akm3nYN8aG8

  10. @Headless

    TnX gonna watch that first thing in the mornin but gotto to head for my coffin now, had enough blood for today http://tinyurl.com/y85rljp

    nighty night!~


  11. THE AMERICAN IDIOT
    http://www.youtube.com/watch?v=ygtqaH-hnFs
    The Complete Idiot’s Guide to the New World Order
    http://www.youtube.com/watch?v=XRLPG_HplrA
    Who Owns America’s Wealth?
    http://www.youtube.com/watch?v=8VHNXTBwj80
    The Surveillance Society: 1984 Came 25 Years Late
    http://www.youtube.com/watch?v=7KYbaxmYlkg
    The War on Democracy
    http://www.stockhouse.com/Blogs/ViewBlog.aspx?b=2587

  12. Re: The Long Kiss Goodnight

    Saw it; and to this day, I never go anywhere without a roll of TP and a book of matches;)

  13. U.S. quietly takes terror war to Yemen

    Covert front against al-Qaida was opened a year ago, military officers say

    In the midst of two unfinished major wars, the United States has quietly opened a third, largely covert front against Al Qaeda in Yemen.

    A year ago, the Central Intelligence Agency sent many field operatives with counterterrorism experience to the country, according a former top agency official. At the same time, some of the most secretive Special Operations commandos have begun training Yemeni security forces in counterterrorism tactics, senior military officers said.

    The Pentagon is spending more than $70 million over the next 18 months, and using teams of Special Forces, to train and equip Yemeni military, Interior Ministry and coast guard forces, more than doubling previous military aid levels.

    http://www.msnbc.msn.com/id/34606578/ns/world_news-the_new_york_times/

  14. @Youri Carma,

    You might enjoy this, if you haven’t already seen it:

    http://fora.tv/2008/04/28/Niall_Ferguson_and_Peter_Schwartz_on_Human_Progress

  15. @Headless

    That reminds me of a move I just saw.

    The Long Kiss Goodnight [9/11]
    http://www.youtube.com/watch?v=nLY7gKDmLwQ

    The Long Kiss Goodnight [10/11]
    http://www.youtube.com/watch?v=G3HZvkItjYY

    World Trade Center Attack Confirmation in 1996
    http://www.youtube.com/watch?v=ntpTuOpnt70

  16. Re: “Hoffa Says Goldman Sachs Driving YRC Into Bankruptcy 17 December 2009 (Bloomberg)”

    Big mistake fuc*ing with truckers! My dad was a trucker. They fucked with him–once; that’s all I can say.

    Huge FUCKING mistake! And truckers have trucks–big trucks. BIG BOMBS fit in BIG TRUCKS!

  17. @Headless

    That well may be but the trend is clear anyways. Also the banks are hiding a lot of foreclosures by postponing them or putting them in some Lease-contract.

  18. @Youri Carma,

    Re: “Foreclosure filings in 2009 will reach a record for the second consecutive year with 3.9 million notices sent to homeowners in default…”

    I believe that number is a bit understated, as I, personally, know about 1.5 million friends, acquaintances, and “household” constintuents (similar to those “household” purchasers of the 1.3 trillion in T-bonds) who are in or within a #(%& hair of default.

    A little quick addition, though not accounting for a certain overlap, tells me…well…using the Geithner Equation in reverse, that…uh…3.9+1.5…uh….780 Million defaults will occur in 2010–wait ’til 2011 roils arounds…

  19. @Headless

    Saw it too, bit confusing indeed. Niall “James – Shaken, not stirred ” like I like to call him talks sense.

  20. Sacramento Joe

    House equity sweepstakes winner…….this is precious….

    http://www.youtube.com/watch?v=3lQtBzq7CdI&feature=rec-LGOUT-real_rev-rn-1r-1-HM

  21. @YouriCarma,

    Re: Niall’s Revelation

    The byline indicates Niall as the author; then the after-byline shows this:

    “The writer is Laurence A Tisch Professor of History at Harvard University, author of The Ascent of Money and a contributing editor of the FT”

    I suppose they used a template and forgot about the after-byline…

    Great read though! I love reading and listening to Niall.

  22. @Marc – ton pif a raison, mais ça pue.

  23. Hoffa Says Goldman Sachs Driving YRC Into Bankruptcy 17 December 2009 (Bloomberg) http://tinyurl.com/yadjkzy

  24. I smell a General Motors here. Government motors wil soon be followed by Government trucking. Want to bet ?

  25. Arrow Trucking CEO Served With Federal Lawsuit

    Three former employees have filed the lawsuit claiming the company violated the WARN act, which requires companies to give a 60-day notice before any massive layoffs.

    The employees also claim the company did not pay employees for their last three-to-four weeks of work.

    http://www.newson6.com/Global/story.asp?S=11743868

  26. uh oh…I feel a song coming on!

    Now look at them yo-yo’s that’s the way you do it
    You play them hedges on CNBC
    That ain’t workin’ that’s the way you do it
    Money for nothin’ and hedges for free
    Now that ain’t workin’ that’s the way you do it
    Lemme tell ya them guys ain’t dumb
    Maybe get a bubble on the dot com charts
    Maybe get a bubble on your housing starts

    We gotta install microwave ovens
    Custom kitchen …..deliveries
    We gotta move these refrigerators
    We gotta move these colour TV’s

    See the little faggot with the earring and the makeup
    Yeah buddy that’s his own hair
    That little faggot got his own jet airplane
    That little faggot he’s a Billionaire

  27. The Fed won’t begin raising interest rates until the third quarter of 2010, according to the median estimate of 62 economists surveyed by Bloomberg News in the first week of December.

    From: Fed Proposes Selling Term Deposits to Absorb Excess Reserves 29 December 2009 (Bloomberg) http://tinyurl.com/yzykukg

  28. Goldman Sachs blood suckers trying to bankrupt with CDS’s the biggest trucking company in North America. If trucking stops in the USA, the empire crumbles. This company is a parasitic cancer. All people associated to Goldman Sachs should be arrested and tried for treason. And yes it includes politicians.

    http://fedupusa.org/2009/12/29/yrc-trucking-and-why-you-need-to-be-concerned/

    By the way, I hope the bankruptcy happens and most of truck in United Sachs of Aramgeddon stop. Just imagine the fun, No food delivery, No heating oil delivery. No delivery at Wal Mart. And no delivery at the Pentagon. These stinking criminals are so corrupt that I am surprised that they haven’t tried to bankrupt the US government. Next step.

  29. Midtown Manhattan Office Rents Decline 33% in 2009 29 December 2009 (Bloomberg) http://tinyurl.com/yb8crpm

  30. do the bankster own the world yet.

    And will us normal tax payers have to bow in thier presence if we accidently bump into the aswholes.

  31. Doctor/California

    @ Phil/Germany – “where’s mike?”

    I’ll take his place today.

    GOLD is taking a beating!

  32. I wonder how extradition proceedings work.

    Is there ever a chance for the public to make a comment? If so, it might offer an opportunity to air some grievances.

  33. U.S. President Barack Obama is borrowing unprecedented amounts for spending programs. U.S. marketable debt increased to a record $7.17 trillion in November from $5.80 trillion at the end of last year.

    U.S. government securities have fallen 3.6 percent this year, according to Bank of America Merrill Lynch indexes, the worst annual performance since at least 1978, when Merrill began collecting the data.

    From: Treasuries Little Changed Before $32 Billion 7-Year Auction 30 december 2009 (Bloomberg) http://tinyurl.com/yzhoqg4

    GMAC Said to Discuss $3 Billion or More in U.S. Aid 29 december 2009 (Bloomberg) http://tinyurl.com/yzhoqg4

  34. http://www.youtube.com/watch?v=Icqrx0OimSs&feature=player_embedded

    http://moveyourmoney.info/

    On front page of Huff Post now:
    MOVE YOUR MONEY
    A New Year’s Resolution: Transfer Your Money From Big Banks To Community Banks

  35. but

    “Foreclosure filings in 2009 will reach a record for the second consecutive year with 3.9 million notices sent to homeowners in default, RealtyTrac Inc., the Irvine, California- based company said Dec. 10. This year’s filings will surpass 2008’s total of 3.2 million.”

  36. Home Prices in 20 U.S. Cities Rose for Fifth Month 29 december 2009 (Bloomberg) http://tinyurl.com/y9yc2zv

  37. Tinfoil hat evening read~

    http://smartgirlpolitics.ning.com/profiles/blogs/this-is-the-mother-of-all

    POLICY CHANGE AT THE U.S. DEPARTMENT OF JUSTICE:
    ALL U.S. FINANCIAL SUBVERSIVES NOW TREATED AS ECONOMIC TERRORISTS
    We can now reveal, on the basis of impeccable authority divulged to us on 26th December 2009 from ‘inside the US structures’, that the US Department of Justice within the Executive Branch has implemented a fundamental POLICY CHANGE and has determined, within the past three weeks or less, and against the background of the calamity surrounding the Lien in the immense sum of $47 trillion activated on about 6th December and imposed by the sovereign Lien Holders – the Chinese parties and the British Monarchical Power – as follows: …

  38. After A Decade Of Economic Expansion, China Could Be Poised To Overtake U.S. Economy: Niall Ferguson 27 december 2009 (The Financial Times) http://tinyurl.com/ykgs333

  39. Wonder how it FEELS Barack Baby?.
    One kid on the block that tells YOU when to SUCK wind……….
    It’s a Bootiful thing to behold.
    And not one thing the dictaor can do.
    Eat that 80 Million………..ACORN goes nuts.

  40. @Phil /Germany

    It is interesting to read next article the one you just posted on house price expectations.

    More house price falls next year – Property prices will soften by 6.6 per cent next year, according to Savills’ latest forecast. 6 November 2009 (Telegraph.UK) http://tinyurl.com/yas937q

    Very opaque: House prices have fallen 20% from it’s peak but have risen again 3.7% this year due to cash purchasers – “the bank of mum and dad”, no over supply and above two applicants per property.

    “True recovery will be credit dependent,” says Barnes. “And the credit crunch could stretch on for another five years.”

    “Other outcomes could be a stepped recovery, with no further price falls, or a ‘capital W’ recovery where a price bubble in 2010 is followed by steeper falls in 2011.”

    but

    The research team expects prices to rise by 2.7 per cent in 2011 before increasing by 27 per cent between 2012 and 2015.

    One thing they are certain about is that a raft of City bonus money will make its way into the property market next year.

    “This will happen in prime central London between March and August next year, but it won’t cause a rush. There may be modest falls in prime central London next year; at best bonus money will just support existing prices.”

    Bottomline: No oversupply in houses cash, credit and stimulus will determine the demand side.

    My prediction is, and that also counts for the U.S. that the stimulus and artificially low interest rates created some demand and that as soon that has worked out and interest rates will rise the soft playing music will stop and the real market will start to speak in declining housing prices. One big difference with the U.S. is the huge over supply.

  41. Mike/Liverpool

    “Where’s mike?”

    Sobbing over my poor Gold!!!!!

    Mike

  42. Pravda: Why Strong US Dollar Foreshadows Economic Doom in 2010
    Nothing has actually changed in the US economy since the absolute collapse and nationalization of the US banking firms, and along with it the British banking houses, of 2008. Indeed, in America, the exact same games that brought down the private banks are still being played by the now government owned (or is it that they own the government…that is for another thesis) entities and this is called now called recovery…Now having established the continued progression of the US financial collapse, why than has the USD grown in strength so much in the past 2 weeks and continues to do so? For that we must look a the world wide picture and to the foundation of the next tidal wave that is about to sink us all. The great Anglo Heist, the out right con job and mugging of the entire world by the Anglo Saxons (US/UK) has kicked out the supports of a lot of other nations, many of whom were dancing on supports of smaller EU and Gulf Arab con jobs…
    …The hangover that will be felt, first by the Americans, than by anyone who owns their debt, pretty much everyone, on January 2011, will make every other year of the past 1,000 seem like a warm spring day.

  43. California Doctor

    @Fibon -
    Do you have a URL to provide reference to the Celente predictions?

  44. Is China lining up a master play to obtain major supplies of crude oil, blindsiding the petrodollar?

    http://www.telegraph.co.uk/finance/economics/6890708/We-are-at-risk-of-a-trade-war—and-the-West-has-most-to-lose.html

    No doubt Russia is capable of switching sides in the blink of an eye!

  45. @Phil
    Have you seen Gerald Celente prediction for 2010… a huge terror event that takes out the world economy.. I think that what he is saying he belies may happen..

  46. I think they would’ve terminated the contracts/not honour their contract when the oil options paid out 80 million. or not, nice to see if you have trillions of dollars, slave camps that produce cheap goods, involuntary organ donor programs and a corrupt dictator government that censors as much as it can with nukes that goldman sachs can be stopped. Yet i think it more shows the situation; the banks, financial institutions etc. all willingly work/invest/be corrupt/keep dancing as long as the music is playing, and when the music stops the losers complain about how the game was rigged. How deep the corruption must run if Chinese companies have the moral high ground.. but to end on a positive note; maybe it starts a tidal wave of opposing against this and even to proper (execution of) regulations.

  47. Where’s Mike ?

    Pound could soon be worth less than euro, warns CEBR
    The parlous state of Britain’s finances and the uncertainty over UK fiscal policy could push the pound below parity with the euro in the next few months, a report by the Centre for Economics and Business Research (CEBR) has claimed.

    http://www.telegraph.co.uk/finance/currency/6896334/Pound-could-soon-be-worth-less-than-euro-warns-CEBR.html

    ;-)

  48. see you around. like an apple.

  49. GS stands for Grand Satan. This firm must be liquidated with the FED. END THE FED and liquidate GRAND SATAN.

  50. i hereby grant the copyright to the term tourourist to StacyHerbert.

  51. @Mother Earth
    thanks ..
    will think about it …and will be more specific with my “speech”
    I have had to listen to this last show truth about markets several times … there is a lot of info for me to digest.

    @ ronron why not indeed. thanks!

  52. not only has max keiser toured. he has stated that he will tour in the future. you think he’s a tourourist.

  53. @30N. there’s no crying in baseball.

  54. @Skippy. why not live one day at a time. enjoy yourself. you have no part in anything.

  55. Isobel (Malaga)

    Hi,

    I’m doing a thesis on Max Keiser for economics class..Would anybody know where best to start?

  56. @30N. snoot is a girl?

  57. @ronron
    Oh my!
    economics. how do I protect myself in a neo feudal system. I dont want a gun but do I need one ? Living in the USA how much of my net worth should be in fiat cash ?
    Max, Stacy, Jim Rogers moved out of the USA … why am I still here ? I cant afford to move and maintain my current level of comfort but if it means leaving to be safe.. I dont mind moving.
    SHould I buy and sell stocks regardless of what the company’s do to make money, or is that not ethical ?
    I am very confused … so many moving parts.
    What if 85% of the population sees things the way Max describes and we are approaching a tipping point where the people say enough ?
    What if the folks that see things the way max sees them is more like 4% of the population and if so maybe that is another reason to leave.
    Where do I fit in ? Or should I just plug and chug along and live the life of the fool ?
    Max is telling me to wake up and face pain.
    I dont know ronron. I dont have the capacity to answer what is it I dont understand. I am beginning to think I am a “child”.

  58. @Mike. installed a kitchen today. now i’m a stoned slacker.

  59. Richard@lattitude30N

    @Frances Snoot: come on ol’ girl….stiff upper lip and all that….I missed all the upraw that you are referring to…but really ol’ gal…you seem to carry on about “words” and not about the “financial content” so many contribute about…I rather like your spunk…You ar aware that the government lies and so does the MSM and that the general eceonomy is NOT coming back….I recently heard on a CBS affiliate news spokesman that even though the current (US ) unemployment numbers exceed 10% that in 5 years the numbers will go to only 5%…a number we can all live with…then we can be certain we are back on track…now is that a bunch of bull or what????Anyway…been roughing it out in the deer woods in North Central Florida…You???

  60. @Mike . i’m still laughing. keisers fault.

  61. @Skippy

    The way I understand ‘collateralized by time’ is that in a normal life part of time is used earning and income, and part of time is used spending it. The ‘value’ of the spending time, the disposable income, is the collateral. Next you try to grasp the attention and this attention then has a value that at maximum is the complete amount of disposable income/collateral, and at minimum is zero, depending on what impact you realize utilizing the attention. An individual will spend all their free time distributing their attention over different thing, resulting in a distribution of their disposable income in the same way. I might ad that the level of identification would be a multiplier and there is much more to say about it as part of a fiel called ‘marketing’.

    Gold has no relation to these concepts imho.

  62. He’s a frickin tourourist. next thing he’ll be off looking for kenny boy. there goes my 25 bucks. hehe

  63. @Mike/Liverpool.hi. i knew we should not have trusted him. hahaha.

  64. @MotherEarth. remember, if it can be taken from you, you don’t own it. property tax. rent and own metal. i think.

  65. Mike/Liverpool

    Ron
    its keiser’s fault!
    mike

  66. @Skippy

    Physical gold is quite a safe investment. It is funny how people talk about the price of gold collapsing, what you may see is the price of paper gold collapse, but watching the physical market I see no signs of that (its a concept that makes no sense to me).

    If you really have some money to spare it could be interesting to go look in Asia (yourself) and get an idea of what is possible there. At least some of these countries have a long way to grow and a young population to build their society.

    A third option that I miss is being able to invest in land. To own land is pretty mucht the bomb in my book. In France land is 1 euro per square meter. In south america and africa it is much less.

    Anyway, perhaps its a usefull perspective..

  67. @Skippy. what is it you don’t understand?

  68. c’mon OP. some guys are touchy. iv’e never read any real hostility on any of these threads. it’s a lark you know.

  69. EDIT
    … After the last show I listened to, Max and Stacy truth about markets and things being collateralized by time, I am trying to determine if gold’s purchasing power transcends time.
    Some day I will more fully understand what I read here.
    ___________
    bizzare typo …

  70. thanks for the kid gloves everyone will do more study.
    Was looking for feedback on the validity of thinking I dont need to be concerned with what I pay in terms of fiat currency for my gold as long the purchasing power of gold in terms of non fiat currency things I can buy with my gold remains relative.
    So if I pay $1000/oz and the dollar price of gold falls to $250 as long as I can still buy the equivalent tanks fulls of gasoline for my car I will be able to say I have effectively stored my $1000/oz labor’s purchasing power. Is this a foolish perspective ? Does gold function this way ?

    I am looking for some charts that show the price of all things in terms of gold… gallons of unleaded gas … sugar …ect so I can determine for myself whether or not gold does in fact act in this fashion. Storage of my labor. Not looking for % returns but holding power .
    I have read 1 ounce of gold has always bought a nice suit … Am wanting to look at purchasing power of tangibles from this perspective vs fiat currency trading in a fractional reserve system. After the last show I listened to, Max and Stacy truth about markets and things being overgeneralized by time, I am trying to determine if gold’s purchasing power transcends time.
    Some day I will more fully understand what I read here.

  71. @Frances; I’ve been following these threads for many years, this site is filled with really interesting bloggers that have many differing views on common topics. You bring a completely unique slant, which a great many of us enjoy.
    The blogusphere is also a good place for small pointy insignificant in the real world people to suddenly gain an extension down in the never regions.
    Just block these ones out…

  72. @Youri.hello. sounds like pump and dump to me?

  73. New Post – The Most Shorted Stocks: Past, Present and the Market Implications http://bit.ly/5Va5WH

  74. @Skippy. Don’t buy metal with the rent money. Other than that. In Canada. order online from first majestic silver. silver is more fun.

  75. @Mike/Liverpool. our poor gold. only up 10 points in 3 months. might only make 40 points a year. don’t think we can get wacked. who knows.

  76. Ah .. finally ON TOPIC !
    ;-)

    UPDATE 1-Chinese firm says won’t pay Goldman on options losses

    BEIJING, Dec 29 (Reuters) – A small Chinese power generator on Tuesday rejected demands from a Goldman Sachs unit to pay for nearly $80 million lost on two oil hedging contracts, part of a long-running dispute over how China deals with derivatives losses…


    http://ow.ly/QMvv

  77. @ paganrongs
    ://www.chrism

    If dont mind me askin why did ya choose “paganrongs “

  78. @skippy

    You need to look thru the crash course by Chris Martenson; very thorough, v professional and non hysterical practicality
    http://www.chrismartenson.com

  79. @ Stacey & Max
    With all your Info and commentry
    All we can do is be spectators
    Nothing more ,nothing less
    Cause we have nothing truly
    Dunno about the rest of peeps
    :-( How would ya initiate a Law suit stuff internationally and is it possible ?

  80. @skippy

    to avoid th problem that phil describes, i only purchase gold when it is out of favor and preferably being trashed my the msm. i sell it when it is being euphorically hyped by the msm and by contributors to this board. this is not investment advice but rather my response the reality of gold as a highly volatile investment.

    had a dog named skippy once

  81. @skippy … Disclaimer : this is NOT investment advice
    ;-)

    It’s simple : You have to think LONG TERM.

    Personally, I wish I had started buying Gold way back in the 1970′s… and I wish I had made a habit of it , i.e. put every spare dime into a coffee jar, and convert it to gold or silver as it’s full.

    I posted earlier that the UK Pound “paper” has lost 30x it’s value since the 1970s – that’s ca. 97% depreciation in 40 years…. whereas the US$ needed ca. 100 years for the same.

    Gold was ca. 700$-800$ in the mid 1980′s, yet it was only 250$ ca. Yr. 2000 !
    This was IMO mainly due to people trying to cash in on the Stock Bubble .. Gold was out of fashion, until everything came tumbling down.

    JMHO FWIW

  82. @Skippy

    There is no single place that will be absolutely guaranteed. If the world falls apart it probably doesn’t really matter how much you’re prepared.

    I would suggest, assuming the world will not collapse, TIPS. They’re bonds that will maintain their purchasing power, however they are US Dollars. Having some gold couldn’t hurt, unless of course the price of gold collapses. Sure, you’ll still have the same # of ounces but if the price declines you will obviously be able to buy more.

    Just stay alert and have contingency plans for various scenarios. I hate to say “diversify” because that idea is a Wall St. scam, but never put all your savings in one place.

  83. I have a question for anyone willing to answer …
    I work and produce more than I currently consume so I want to find a way to store my excess labor and maintain the purchasing power of that excess labor. I do not want to leverage my stored labor as I risk loosing; all I want is to maintain the purchasing power of the excess labor I want to store.
    Thinking it is not what you make but what you keep.
    From what I learned here currencies are not collateralized by anything other than a promise and trade in a fractional banking system so are therefore risky stores of my labor. As promises can be broken and if stored in US dollars as soon as the promise secured by the Military Industrial Complex fails, but store labor vanish.
    so, is there any risk in storing my labor in gold ? if gold falls in fait currency terms it matters not as the purchasing power of my labor in terms of gold is maintained ?HELP!
    is gold a risk free store of my labor as long as I am looking to maintain purchasing power and not looking to leverage my stored labor?
    thanks in advance to anyone who chooses to help me.
    Happy New Year!

  84. @snoot
    The globalists have a wet dream of one currency, one government
    one army, one religion, so on and so on.
    They will fail miserably. They are crazy as hell, too much inbreeding.
    They do the same thing over and over and expect a different result.
    It’s like voting. Those who vote are under the illusion that their new leader will bring about change, but unfortunately the leader was chosen for them by, you guessed it, the crazies.
    By the way keep posting and ignore a few of the schmucks around here.
    @Robert
    No one here is crazy enough to believe we will be liberated.
    Raise a little hell maybe. Time will tell.

  85. Justget Itright

    Stella … some persons just don’t get it. Most are afraid to come out of their cave and face the real light of day. Stella time to drink some egg nog and watch re runs of All in the Family.

  86. The ring of depict via possible Oil market manipulators and CDS junk money scam.

    China FXXXS=> Goldman FXXXS=> USA (Ouch)
    O and….
    The UK mental idiot drug dealer gets murdered via poison. A political message from one Psycho sick clan to the other Psycho sick clan.

    What is the message?
    Toys out of the cot?
    http://www.rttnews.com/ArticleView.aspx?Id=1167524&SMap=1

  87. @Crumpet

    It’s over. We will see chinese measured cruelty replace the US denied cruelty. Hold on to your organs and don’t commit a crime.

    The bankers where trusted to keep the whole thing running in return for this insane privilige and they F*cked up. Jealousy and job entrenchment are two destructive motivations to be reconed with..

  88. S474N the D3V1L

    $80 million is nothing when you have an infinite supply of shiat money

  89. Is this the ‘ginig them the five fingers of death’ attack,, maybe has to do whti the Shaolin IPO? 80 million to change the brass ownership tags on every barrel involved? Force Majeure s’il vous plait!

  90. A friend of mine tells me that by the time the barbarians overthrew the Roman empire the system was so corrupt they were seen by ordinary Romans who had been reduced to poverty as liberators. I sense by comments being posted that many are hoping to be liberated by the Chinese.

  91. Wimpy: [A] genuine hamburger for the gentleman. I’m buying.
    Customer: Gee, thanks.
    Rough House:Who’s paying?
    Wimpy:I’m buying, he’s paying.
    ***********************************
    now with a few substitutions …
    Obama: genuine health care for the people. I’m buying.
    The People: Gee thanks.
    Health Insurance Industry: Who’s paying?
    Obama: I am buying, they are paying.

  92. Crumpet Muncher

    I’m getting deafened by the cheers for the Chinese today. Executing drug traffickers and now sticking it to Goldman.

    We’ll all be happy to be Commies soon.

  93. Sugar Hill Dad

    God bless ye merry Chinese men
    let nothing you dismay
    for Goldman Sachs is full of cr@p
    and you don’t have to pay

    Go China Go!

    Tim

  94. deja vu

  95. “FSnoot is interesting in her random postings. There is not consistency in her comments because she lacks the depth of information required to make informed and educated statements. Therefore, there are emotional postings which reflect her current feelings but do little to inform or educate.”

    If anyone wonders where Snoot went: this statement was taken by Snoot to heart. I have no desire to waste my time and effort posting here with such hostile and blatantly direct-at-my-person, completely uncalled for and unbacked, volleys. It seems I am not one who cares to be a victim, and the discourse here is limited to this this this and yes. I’m tired of being called names and dismissed.

    Because I do not proceed with any backing, and have no “name” my ideas are marginalized. It has nothing to do with the ‘knowledge’ behind my perspective, and everything to do with a new order of thought and action deriving impetus from the criminals set to continue unhindered in their colonial and militaristic endeavours. It is a wonder.

    Not wonderful, mind you, and the demise of America will have serious repercussions worldwide.

    It is interesting this article:
    http://www.globalresearch.ca/index.php?context=va&aid=13070

    Good day
    snoot

  96. I wish Obama had the balls to tell Goldman Sucks to ‘EAT IT’!

    Obama’s FINISHED!

    His legacy: I bailed out my buddy Warren Buffet @Goldman Sucks.

    CALL CONGRESS AND DEMAND THAT GOLDMAN SUCKS AND JP MORGAN IMMEDIATELY GO INTO RECEIVERSHIP AND DRAFT PAPER WORK REQUIRED IN A PRE-PACK BANKRUPTCY COURT!

    PRE-PACK GOLDMAN SUCKS NOW!!!!

  97. California Doctor

    WOW…so
    GS … ALL YOUR BASE ARE BELONG TO US

    http://upload.wikimedia.org/wikipedia/en/0/03/Aybabtu.png

    LOL

  98. One Day We’ll All Be Terrorists

    Posted on Dec 28, 2009
    By Chris Hedges

    http://www.truthdig.com/report/item/one_day_well_all_be_terrorists_20091228/

  99. poetry, sheer poetry…

  100. I love this. It’s so sweet.

    Hope it turns into a major trend….

  101. Ah yes grasshopper. The day is coming when we can tell all GS to eat shit and die.

  102. No comment