Stacy Summary: ‘Arson?’ Or, ‘simple hedge?’ We’ll be asking Janet Tavakoli this on the Keiser Report in the New Year. In the meantime, your thoughts . . .
Update: (Janet Tavakoli just emailed this in response to the above article)
From her website:
Goldman Sachs recently acknowledged that I warned (using fact based analysis) about these grave risks at the time it manufactured value-destroying CDOs, but it said my opinion was in the “minority.” Goldman would have you believe it the financial equivalent of a member of the Flat Earth Society in the lifetime of Galileo Galilei. Just as a competent long-distance navigator does not care how many nonprofessionals are members of the flat earth society, one does not rely on whether an opinion is in the minority or majority as a basis for performing appropriate due diligence when underwriting a securitization. A reasonable man expects a long-distance navigator to have some competence in his craft, and a reasonable man can expect a certain level of competence (and standards) from underwriters. A basic investigation of the underlying collateral revealed grave risks–not reflected by the ratings–compounded by suspect securitization practices. Public money was used to bailout AIG in an extraordinary crisis, and the general public are not sophisticated investors. The argument that AIG was a sophisticated investor no longer applies as a reason to avoid consequences of this behavior.
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@Youri Carma …CNBC Squawk Box Europe interview with Egon von Greyerz, December 22, 2009 Vid http://tinyurl.com/yd2ar2j
Finally a MSM guy that speaks the truth on paper-money !
I guess they won’t show this on CNBC in the US !
…. or will they ?
@Giuseppe Bagodonutti … invented Technicals
Just a coincidence, that the book called “T/A for Dummies” is written by a lady called Barbara Rockefeller !
No relation I guess !
http://www.amazon.co.uk/Technical-Analysis-Dummies-Lifestyles-Paperback/dp/0764540440/ref=sr_1_1?ie=UTF8&s=books&qid=1262249105&sr=1-1-spell
Icelandic government passes Icesave deal; €12,000 debt per citizen
http://en.wikinews.org/wiki/Icelandic_government_passes_Icesave_deal;_%E2%82%AC12,000_debt_per_citizen?dpl_id=146677
Until Citigroup changes, it hasn’t http://tinyurl.com/ybutkvg
Found my a Job so I can stay at Moms. Just a fast Internet connection needed and a computer to remote admin the steel factory
Steel Processing Industry Control System http://www.youtube.com/watch?v=Q69CuN3vzlA
@Giuseppe Bagodonutti
Hope you save a place for me at the steel foundry were you will be sure to feel the “Global Warming” and pump some real steal Iron into that back of Iron press donuttis.
but the food better be damn cheap and the steel factory close to moms home if Chinese wages are the general idea so I can cycle from moms home to work cause money for oil and a proper home I won’t have.
Otherwise ….. http://cc-series.pl/Uploads/RocketMan/RA3_MammothTank1.jpg
Giuseppe Bagodonutti
Yeah, man let’s get into the real deal Steal industry man! Or in farming like Jim Willie suggested? Who we gonna sell all the steel to anyways? GM government I guess so in fact the Taxpayers buying the steel for wheel.
I don’t think the Chinese Gov. has curved and stretched Chinas domestic demand fully yet. In fact not even half full it’s consumer demands capacity. And that is a shame but not unexpected. China is like a Mammoth Tanker but unfortunately Mammoths are an extinct species for quiet some time now.
China Property Bubble May Lead to U.S.-Style Real Estate Slump reported by Dexter Roberts 31 December 2009 (Bloomberg) http://www.bloomberg.com/apps/news?pid=20601068&sid=arp0XyPoRxW0
Oeps! China’s Real Estate Market in Beijing, Shanghai, and Shenzhen Overheated! Story by Dexter Roberts in Beijing (Bloomberg) Made a short version outof it with the essentials I think.
In Shanghai, prices for high-end real estate were up 54% through September, to $500 per square foot. In November alone, housing prices in 70 major cities rose 5.7%, while housing starts nationwide rose a staggering 194%. The real estate rush is fueling fears of a bubble that could burst later in 2010, devastating homeowners, banks, developers, stock markets, and local governments.
What’s clear is that the bubble is inflating at the rich end, while little low- cost housing gets built for middle and low-income Chinese. Koyo Ozeki, an analyst at U.S. investment manager Pimco, estimates that only 10 percent of residential sales in China are for the mass market. Developers find the margins in high-end housing much fatter than returns from building ordinary homes.
How did this bubble get going? Low interest rates, official encouragement of bank lending, and then Beijing’s half-trillion- dollar stimulus plan all made funds readily available. City and provincial governments have been gladly cooperating with developers: Economists estimate that half of all local government revenue comes from selling state-owned land.
Chinese consumers, fearing inflation will return and outstrip the tiny interest they earn on their savings, have pursued property ever more aggressively. Companies in the chemical, steel, textile, and shoe industries have started up property divisions too: The chance of a quick return is much higher than in their primary business.
“No one talks about their factories making money these days.”
The worst scenario is that the central authorities let the party go on too long, then suddenly ramp up interest rates to stop the inflationary spiral. Without cheap credit, developers won’t be able to refinance their loans, consumers will no longer take out mortgages, local banks’ property portfolios will sour, and industrial companies that relied on real estate for a chunk of profits will suffer.
Pulling off a soft landing means slowly calming the markets, stabilizing prices, and building more affordable housing. Even real estate executives are getting nervous. Wang Shi, chairman of top developer China Vanke Co., has warned repeatedly in recent weeks about the risk of a bubble. In his most recent comments he expressed fear that the bubble might spread far beyond Beijing, Shanghai, and Shenzhen.
One difficulty in handicapping the likelihood of a nasty pullback is the opacity of the data. As long as property prices stay high, the balance sheets of the developers look strong. And no one knows for sure how much of the more than $1.3 trillion in last year’s bank loans funded real estate ventures.
Analysts figure a substantial portion of that sum went into property, much of it indirectly. Banks often lend to state-owned companies for industrial purposes. But the state companies can then divert the funds to their own real estate businesses or relend the money to an outside developer.
Meanwhile, the big banks may be cutting back on their real estate risk by selling loans to smaller local banks and credit co-ops.
For now, the party continues. On Dec. 12, Beijing developer Soho China Ltd. celebrated a record-breaking year with a gala at the China Central Place JW Marriott. Guests dined on crab and avocado timbale, white bean soup, and beef tenderloin with wild mushrooms. Soho declined to comment for this story. After a dance performance, a panel debated “The Balance Between Profit and Soul.” When a writer joked he could not afford an apartment — and was still waiting for Soho ChairmanPan Shiyi to give him one — the crowd of 600 well-heeled developers, entrepreneurs, and consultants laughed appreciatively. If the bubble bursts, few will be laughing.
RE: Chinese Corporate Bonds
BUBBLES AHOY!!!!
http://www.youtube.com/watch?v=jWNSTNwClQY
Asian Consumer Spending Spurs Retailers’ Bonds to Best Returns 31 December 2009 (Bloomberg) http://tinyurl.com/yd433g2
PPPPPffffftttt
Chinese Pipe tariffs…
WHO CARES
http://imarketnews.com/node/6543
What comes this SPRING will REALLY set the bar (possible 99% tariff)
Listen…
There is nothing wrong with protectionism…
http://maxkeiser.ning.com/forum/topics/tariffs-the-smoot-hawley-fairy
in fact, for the USA, it could be a GOOD thing…
since it will give the impetus to restart the HIGH-QUALITY steel industry that the yanks USED to have…
BRING IT ON…
Godamnit! Some people (Max & Stacy) have all the luck
French Ring in 2010 With Deepest Champagne Discounts in Decade 30 December (Bloomberg) http://www.bloomberg.com/apps/news?pid=20601093&sid=a3JgVQ7T38cY
US STARTS TRADE WAR WITH CHINA
U.S. to Impose Tariffs on Chinese Pipe After Ruling http://tinyurl.com/yd4r8sp
STIMULUS, PIMULUS, TUMULUS.
Most U.S. Stocks Retreat on Concern Fed to Withdraw Stimulus 30 december 2009 (Bloomberg) http://tinyurl.com/y8g99q5
Wowie Zowie
Who repairs the Greenpeace boats after they ram ships?
Do they have their own drydock?
If they REALLY want to step it up, they’ll need some T1 steel SPIKES welded across their bows, to which I would gladly offer my services, for a chunk of their UNUSED bank account…
Why didn’t they CUT the line to the (presumably) Whale Carcass?
Hanging off a line doesn’t mean shit…
Think about it…
open waters is OUTSIDE of the jurisdiction of LAW…
Anything goes out there… last time I checked anyway…
They should be going MAD MAX with their boats… quit screwing around…
Playing bumper cars against (I assume) a 1/2″ hull isn’t going to do much except generate more business in a Japanese or Korean Shipyard…
I don’t have to mention that the Dutch are a bunch of ignorant MTF’s who are ready to be chipped and euthanasied for their own and world’s safety.
Best is to start with the Dutch Parliament cause genetically speak’n they’re the ones who are the worse in adapting to changing environments and as such come out as the most stupid of all human specimens. Better to prevent any more disasters when the NWO decides to put the gas open. We all know what happened to the Dutch terrorist Marinus and his matches which provided the evidence in a NAZI closed case in a terroristic attack on the Publics Reichstag taken over by Mr Hitler.
Dec. 30 (Bloomberg) http://www.bloomberg.com/apps/news?pid=20601087&sid=aUu8hDlqepSw&pos=9
“Lawmakers pressured President Barack Obama to boost the urgency of anti-terrorism efforts as the Netherlands and Nigeria announced they will start using full- body scanners for passengers.”
Wow, Greenpeace have got more aggressive; check out the ramming footage and the activist who GETS IN THE WATER when a whale has been hit!
http://www.liveleak.com/view?i=70c_1197246767
Street-Level summary of how Goldmung Sucks operates
I sell drugs to someone and make a profit…
Then I call Crimestoppers to tell the pigs that this jojo is dealing, and they bust him…
I get money from the cops for the TIP
That’s right…
I made money on both ends by creating the crime and turning it in…
Another successful false-flag operation…
If that’s how Goldmung Sucks operates,
then Blankfein should be sent to China with 4kgs of Heroin…
Bonuses saved, and ONE part of the problem solved…
Nothing moves up in straight line. Gold should resume its upward trend after it has consolidated at around $1000/oz. But how a car rental company (Dollar Thrifty) sees a 2600% rise in its share price in less than a year is beyond me. This can’t be sustainable. Max, what do you reckon mate?
@norcalkid
Interesting thing bout the CNBC Vid is that the other bloke is talking outof his little neck hairs when he says there’s no inflation cause the whole FIAT system is based on 2,5% (optimal) inflation concurred with the steady but gradual increasing money supply through means of Printing Press.
The bloke maybe counts on the fact being stupid not knowing this with is small talk. Inflation numbers is tempered with and gold is being manipulated cause should be on $1.500 right now and one simply can’t push Gold back into the Lease wonder-lamp forever it has to come out eventually to grant you golden honest wishes.
CNBC Squawk Box Europe interview with Egon von Greyerz, December 22, 2009 Vid http://tinyurl.com/yd2ar2j
@Phil
Good Luck to GATA
as a poster on ZH noted, Bloomberg’s case is going nowhere…
The Federal Bank of Bernanke is untouchable…
Kind of like Goldmung Sucks…
BTW thanx for the “fishing line” info…
although, I am now curious as to how the Rockefeller’s invented Technicals…
Got Links ???
Interesting BDI Graph http://www.wikinvest.com/index/Baltic_Dry_Index_-_BDI_%28BALDRY%29/WikiChart
@Mike … 2.07 Am here in Germany
BTW … after that GATA lawsuit, expect Gold to get hammered now.
It’s always the same, as soon as a report comes out to hurt WS buddies, they all gang up !
@norcalkid
Bout Baltic (BDI), Look at the numbers in this interesting PDF http://www.mol.co.jp/research-e/info/dry_bulk.pdf
Better graphs: http://www.investmenttools.com/futures/bdi_baltic_dry_index.htm
Almost 70% China Ore Bulk makes clear who’s giving the spikes in demand and oil is the big factor in freight rates as usual.
Question is where the next Baltic Dry bottom will be and do we be keep bouncing along the bottom or do we realy get a postive uptick spike next time?
But whatever the economical trend reflected by the BDI. it’s not in the U.S. but mainly in Asia unfortunately.
Morning Phil
Er its like 1.07 Am here in Liverpool……….
Off to Bed, but i post you GATA link before i go.
Cheers
Mike
Welcome to Orwell’s World by John Pilger
http://www.newstatesman.com/international-politics/2010/01/afghanistan-war-pilger-obama
GATA Sues Fed, Demands Disclosure Of Gold Market Intervention Records
http://www.zerohedge.com/article/gata-sues-fed-demands-disclosure-gold-market-intervention-records
bye ya’ll
nucknuck.
Who?
Mike
you no likey freddy king?
sorry of coarse @Mike/Liverpool
?
Mike
@Mike. freddy king goin down youtube.
Stop Press
RED ALERT
FIND MAX !!!!!!
SEA Sheapard in ACTION !!!!
http://www.liveleak.com/view?i=5aa_1262140768
Mike
nice little tit formation with gold between 8and12 am. could go either way on a tit. only happened ounce before. that time it went down, almost level with the ground. down down down down down.
Phil I think Gold will go in its 3rd wave down to 1025-30 area. This last leg is incomplete and probably will see resolution.
Too many are hoping it will hold these levels and bounce. This means it most definitely will not. The Market will always destroy and eviscerate hopers first. Look for the hopers and fade them, thats the trade.
As for Technical Analysis, merely by the fact that so many boxes and program bots use it, it has to be respected at the very least even though it seems like utter nonsense.
I still think there is a fortune to be made in gold and miners, but timing is all. Without that one can lose everything very,very quickly and have no powder left to invest.
I am so tired following the day to day Gold price that I may just buy a basket of under the radar and very under-priced gold and silver miners that trade under a dollar and hold them out for 2 years or more. And trading Gold is very difficult. Much of the movement is overnight in the futures market with wild sudden spikes indicating that manipulation in that market is persistent. And its all tied to the dollar inversely as you know. The second any manufactured news comes out relating bullishly to the dollar, Gold farts. Its adolescent nonsense really since there is so little control, so little sanity in all of it.
norcalkid
Dec 30, 2009 at 3:33 pm
Worth the listen:
http://goldswitzerland.com/index.php/egon-von-greyerz-on-cnbc-squawk-box-europe/
Yep, And the last thing they said. “invest in real assets. Which to me means food, and land. Real things.
you better hope you pension plan isn’t in commercial real estate.
do you think some pension funds are being sucked into mortgages as we speak? no they would not do that to little old ladies. would they?
That’s not all GS has been up to:
http://www.thestate.com/local/story/1089007.html
@Ptah. do you know how many small banks went down in the US so far. more to come, many more.
@Ptah. not much to know on that subject but run with it.
@Norcalkid. good info.
Ronron:
I was referring to the mechanics of banking, not investments.
I was more curious about your comments about the larger banks owning building societies – or rather holding their cash as if it were their ‘short and curlys’ which was your remark on the vid linked to by mersey mike.
I figured they must be in someone elses pocket and was surprised that – so far – they have been immune to any downside, in fact, they are actually benefiting – albeit with weakening sterling. Thus when the government indicated it was going to begin mopping up their liquidity I was naturally reaching for my gun… metaphorically speaking.
Your comments seemed to suggest you new more about this topic. I assume you were just expressing the general paper versus metal point which is very much understood. Thanks.
Worth the listen:
http://goldswitzerland.com/index.php/egon-von-greyerz-on-cnbc-squawk-box-europe/
He seems to agrees with Faber and Celente.
poor gold for that matter.
poor bonn. hehe
oh god o lord me at zero chips at poker
i’m glad you didn’t say S&M.
yes the old baltic dry index.
Article title says it all… I remember M&S discussing this some time back:
http://www.businessinsider.com/the-baltic-dry-index-is-collapsing-2009-12
obama has 2 new wars going in 13 months, not bad at his age. not good for us. gold won’t do much good if what i think is gonna happen happens. ww3
@stacyherbert, @Mike/Liverpool, Giuseppe Bagodonutti and @Who else is involved in this specific matter
Max and singing is like Asterix and Obelix village wonnabe teacher & musician Assurancetourix http://www.asterix.com/encyclopedia/characters/cacofonix.html
World-renowned poet and bard (if not exactly appreciated…) and respected school teacher, Cacofonix is an important figure in the village.
An extraordinary character, Cacofonix offers a perfect weather vane for taking the pulse of the village and seeing which way the wind blows. We are not talking here about the rain he brings on each time exercises his vocal cords, but rather about the prevailing atmosphere in the village: when it is time to party, when wild boar are roasting on the spit, you can be sure to find Cacofonix tied hand and feet with a gag in his mouth. And, if not, you can count on Fulliautomatix to discourage him from singing!
@Mike. Serco? holy fuck is all i can say.
@Ptah. hi. at this point you own cash i presume. your bank is using the pound. pound bad, metal good. yes the big banks really own the small banks. i think the focus should be on insurance. metal in you hand. IMO.
Hey Gang
I think i found the per-fect company to invest in:-
http://www.youtube.com/watch?v=9xsQ1tLp6yk&feature=player_embedded
What do you think?
I am sure Max would approve!
Mike
ronron:
I am curious about the matter of mutuals, building societies etc and the notion that bigger banks hold their money as you mention in your comment.
I use a building society, it does not take risk and is a market leader using old school fiscal rules and regs.
I monitor the status of the BS and it seems to be one of a few financial vehicles in the UK to have been under no threat whatsoever during 2008. I was quite surprised at how well they did.
What you say sounds reasonable, however last xmas I clearly recall Alastair Darling suggest that the government may need to take over some of the building societies as there liquidity was required. I feared the worst although this didn’t appear to materialise.
If the bigger banks really did posses the cash of the smaller building societies then why would the government need to make such noises?
Can you offer any thoughts on this?
cheers.
cups and handles and all that is nutty. now the moon?
@donutti. i feel a wedge in my forehead.
@Speirsy
It sure is nice to have Pilger out there letting people around the world know that what has become a derogatory term around the world, American, is not universally applicable. We are not our government; we are not all the same; we come from all over the world; most of us still have families living in most of the other countries around the world.
It’s the facist corruptocracy that is the constant; that lays the foundation for the popular generalizations, and that has gone too far in an age of free flowing information! They will fall. One way or another-and I exclude no means–this corrupt facist corporate gang of sleeze is going to suffer as much or more than they have benefited. It’s a matter of time now thanks to the internet and People like Max and Stacy that are lighting the way.
I sent a video out to my closest 300 friends the other day, asking them to forward the video to everyone they know, etc. etc.
http://www.youtube.com/watch?v=akm3nYN8aG8
My friends are, for the most part, “liberals” (people who believe in honesty, fairness, integrity, and helping each other; people who have a conscience; people that have lived around the world and are intimately knowledgable about it).
Ironically, I got the following response from one of the people that was somewhere along the line of “forward this to everyone you know; it speaks to the utter misunderstanding that happens, and it gave me a chance to dig deep try to understand how, as an American back in America, and as a citizen of world who has lived in 7 different countries, I can work to expose such conflations of the People of the U.S. with the policies of the fascist corporocracy that has taken over the government at all levels. I quote:
“You are totally deluded. The American psyche has been perverted bygreed. It is common knowledge that an American would sell his motherfor a nickle. And brag about it. There have been plenty of opportunities for plain speaking Americansto do the right thing. Think of all the young bodies signing up formilitary service all in the name of patriotism or betteringthemselves. Brain dead and without souls. Under no condition can you separate the people from the government. Fox News thrives in the US. Sarah Palin has the number onebestseller. Glenn Beck is revered. Obama is taking a beating in thepolls because he hasn’t fixed the problems that took 30 years togestate. The “people” have no morals and think that the death of adrug addicted fool, Michael Jackson, is somehow important. Do I needto continue? The youtube video you are sharing has 19,000 views [2 days later it has over 100,000]. Theworld is passing America by. The only thing America has left to sellis ENGLISH and Hollywood movies. Face facts, boyo, too little too late.”
The comment, strangely, seems to be from someone who is fairly well informed on a few things, but it is also the comment of someone who sees “American” as one large monolithic totem at which to lob grenades from a safe distance (the sender did not sign his or her name).
With this kind of response to a video that clearly is trying to make the point that the American people have been deceived by their government, you have to assume that, at this point, it doesn’t matter what we, the anti-imperialist, anti-exploitation Americanist contingent does to clear our names and disassociate ourselves from the criminal corporotocracy that has taken over, ’cause even the people that agree with us aren’t listening. They see a passport and pronounce us guilty. That’s not going to inspire a lot of People to join our movement.
@Giuseppe Bagodonutti … I’m looking at the LIVE (tick-tick-tick) chart for GOLD (on Kitco)… not the daily Chart for the GLD… so there we are looking at different perspectives…
OK .. didn’t realize that !
@what’s the MO indicator?)…
Momentum Oscillator
@TECHNICALS… which you don’t trust
!
Yep … designed by the Rockefelllers
@except for the FACT that over the last few weeks, when the NYMEX opens, GOLD DIVES
…these are “fishing lines” ( rod=up, line=vertically down )
@by the way, does your chart software there show ROC, RSI and MACD indicators ?
Yes !
@mike. cool but the big banks hold all the small banks deposits. won’t work all though i wish it would.
@Phil…
I’m looking at the LIVE (tick-tick-tick) chart for GOLD (on Kitco)… not the daily Chart for the GLD…
so there we are looking at different perspectives…
I see what you’re getting at though… the trend channel has broken down, the BB is getting touched on the low side…
There also appears to be an expanding wedge formation which I seem to recall is bearish…
I notice that your CMF (Chalkin Money Flow?) is moving back up, along with the Momentum (what’s the MO indicator?)…
BUT who knows for sure… after all, these are just TECHNICALS… which you don’t trust
I couldn’t help but see the Cup’n'Handle and get interested…
Normally the Live Patterns are quite Chaotic (except for the FACT that over the last few weeks, when the NYMEX opens, GOLD DIVES)
by the way, does your chart software there show ROC, RSI and MACD indicators ?
might be st0ckman
check out stOckman. utube
Please pass this Video around:-
http://www.youtube.com/watch?v=Icqrx0OimSs&feature=player_embedded
Mike
@Mo. good read.
Stacy, pass this on to the MAX. He’ll love it:
Hey Fed, What’s Going On?
“Last week, Canadian hedge fund manager Eric Sprott published a white paper titled, “Is it all just a Ponzi scheme?” . The document digs into who is actually purchasing the recent Federal Reserve U.S. Treasury auctions and concludes that the biggest new buyer this year vs. last year is actually the U.S. government. Hence the Ponzi scheme allusion: One arm of the federal government is running huge deficits and quantitative easing programs that are being financed in part by another arm of that government. How can this story not get more attention from others in the press, in politics, or in the market? ”
http://www.thestreet.com/_yahoo/story/10652904/1/hey-fed-whats-going-on.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA
And tell him to stop wasting his time on our princes. There’s nothing hey could say that’s not already known.
Happy New Year Max & Stacy.
anyway, whats with the nasdaq.
if metal is a long run loser, i will show you how to eat it.
@Blink … old marc faber interview in german
Sounds more like a Swiss or Austrian accent .
Aha , born in Switzerland :
http://en.wikipedia.org/wiki/Marc_Faber
@ronron … cups and handles and heads and shoulders mean zilch
I agree … just T/A toys to keep us all on the wrong foot while the price manipulators pull the strings .
cups and handles and heads and shoulders mean zilch.
old marc faber interview in german
http://www.youtube.com/watch?v=GdJZvfG6eJM&feature=related
the nasdaq has been shut down because of a white van parked out front. you know the deadly white van routine.
@Giuseppe Bagodonutti … Do you not see the OBVIOUS Cup and Handle
Would be nice if you are right , but …
The recent Reverse Head & Shoulders followed by a take off :
http://img19.imageshack.us/img19/5548/mkgld001.jpg
The current Bollinger Bands would mean Gold has to move UP pretty sharply IMO to continue the trend :
http://img19.imageshack.us/img19/8738/mkgld002.jpg
( i.e. when the BBs close, there is normally a change in the trend )
But hey, please tell me I’m wrong !
The DEVIL is at it again, he made me post this joke:
One day Little Johnny went walking around to check out his surroundings and found a farmer selling chickens. Little Johnny went over to the farmer to see how much he was selling them for.
The farmer asked him if he wanted a male or a female. Little Johnny asked for both. So the farmer said, “Here you go, one cock and one pullet.”
Little Johnny got confused, and asked him what he meant. The farmer said, “A cock is a male chicken and a pullet is a female chicken.”
Little Johnny said, “Oh,” and went on his way with two chickens one under each arm. A bit further down the road he saw a donkey for sale.
He went to the man who was selling it to find out how much it was. The man said, “The ass is 15 dollars.” Little Johnny replied, “No, I want the donkey out side in your yard.” The man just said, “That’s an ass.”
Little Johnny, new to these terms, just said, “Oh,” and bought the
donkey. As he was leaving the man yelled out, “Wait, the ass gets a bit stubborn about going over hills, so you have to scratch him behind the ears to get him going again.”
So Little Johnny is going back home and the donkey stops dead in its tracks and he can’t get it to move. He can’t scratch its ear because he would have to drop one of the chickens and it would run away. So Little Johnny starts to fuss and yell at the donkey.
While he is doing this a beautiful woman walks up and asks him if he needs help. Little Johnny thinks, hey, why don’t I try to impress this beautiful woman by using my new terms that I learned today. So Little Johnny turns to the woman and says, “Yeah, could you hold my cock and pullet while I scratch my ass?”
@Liverpool Mike
Do you not see the OBVIOUS Cup and Handle formation on the LIVE Gold chart?
If MAX is singing, he must have found the right melody…
http://www.investopedia.com/terms/c/cupandhandle.asp
@Mike/Liverpool – you can hear him in Liverpool??
Stacy
I hope Max is not singing?
Mike
Mike/Liverpool
Dec 30, 2009 at 3:56 am
So sorry Mike, you only have one more day to sob about your gold. Make the best of it because next year will be the best year [price wise] in the past 10 years.
So “un-cheer up” while you can because no one will pay any attention to you when gold drops $50 after a run up of $200 the day before.
I am trying to decide a name for the next decade. I think this one will be called “The Decade Of Lies & Deception [2000-2009]. I am leaning, for now, on “The Decade Of Desperation, Destruction & Death [2010-2019].
@Bonn – um, I think you are the only one drunk by the looks of things . . .
@Mongo – and to you! can’t wait for 2010, well I guess it is only about 30 hours away . . . so I can wait . ..
happy new year folks!
Great work this done by you Stacy and Max!
Keep it up!
ooooooooooooo you oooooooooooooooooo peeeps analyze too much
Hic
What up what up Peeps Drunk as hell RODFL & PMSL
Cleaners ‘worth more to society’ than bankers – study
http://news.bbc.co.uk/2/hi/business/8410489.stm
@Phil/Germany. thanks been waiting for a new video from the doc. happy new year.
Dr. Berninger …
Crisis Solutions – Happy New Year 2010
http://www.youtube.com/watch?v=P_rvJDsTta0&feature=sub
Paul Craig Roberts today on AJS which just started.
Robert Kiyosaki Why the Rich Get Richer
http://finance.yahoo.com/expert/article/richricher/211091
@Jon .. yes !
I’ll be surprised if Goldman sachs doesn’t order the usa government to change the rules again in the financial system to help them out. Not like they haven’t done it before. And before. And before.
@Youri … William Black Video : http://www.democracynow.org/2009/10/15/black
@ca. 36 minutes 20 seconds …
… William Black : : “it’s not only a farce, they’re will to have us see that it is farce, they are so little afraid of public opinion and outrage that they’re not even taking steps to cover up the cover-up” …
EXACTLY what I said a few months ago !
FWIW
Tarpley On RT: Foiled Underwear Bomber is Intelligence Patsy http://www.youtube.com/watch?v=URJdAYy9lbc
@Youri Carma … William Black interview – the Massive Fraud Exposed Vid http://tinyurl.com/yjzhj4q
Great talk , recommend watching . William Black speaks loud and clear.
Our queen made a speech saying the virtualized world is ruining civil society. Quite unBillderbergy..
Goldman sachs can say what they want but the facts reveal it all. btw no TAM today again or TAC? only OTE last week, luckily this week another keiser report on rt. And something for all the deniers of mass starvation, ecological holocaust and consequences of the solutions for global warming; any idea what all that fireworks does for the atmosphere? I think it’s another twilight zone tradition because the earth made a round around the sun we have to celebrate (we could celebrate every day just because the earth made a spin), make empty promises and pretend that the next morning is completely different from the previous day but also shoot black powder up in the sky (in the Chinese tradition to scare off evil spirits). Without repeating flaws in the theory, debating solutions etc. anyways to stay on topic; why would goldman sachs be honest/morally correct etc.? after all they do god’s work.. on a philosophical note; if god is all powerful, almighty and created everything/every human in his image, he/she/it has also created all evil: why does god gets credit for all good but doesn’t get blamed for all bad? convenience religion is control; god is testing you/god’s will/part of the big plan, make people focus on the after life. Beside the desire to believe because else mass murders like pol pot just got away with it; justice can’t be done in such situations, torture is just as inhumane and doesn’t solve anything the idea that a person like that burns in hell for eternity must be comforting. Still a miracle how people can believe the entire race came from 2 people, a guy rose from the dead after a couple days, someone split open the sea, the earth is 6000 years old, some guy build a arc and put 2 of each species on it etc. (could do this for all religions) But I digress again; I think it would be very surprising for goldman and not forget jp morgan etc that also played the same rigged game, to admit they ripped off the public for their own gain and abused influence/used lobbyists to extort tax money for the mistakes/miscalculations/”granting the wishes of their costumers”. If even the regulators state that some financial institutions are too big to prosecute, only if goldman had a insurance/short position on their own stock they would burn their own house down yet that only happens when there’s nothing left to destroy and profit from. Gerald Celente mentioned yesterday something interesting; that the public shall revolt if there is no big distractions/more wars, yemen and iran are in the spotlight currently/false or real terrorist attacks. I don’t see any of that happening as long as the public is distracted/divided and misguided any uprise would only lead to a bigger police state. New idea for karma banque; start investing in building bunkers with all crazy doomsday people (global warming, terrorists, 2012, anti Christ, polar shift, aliens, “regular” sects, comets, clashing of galaxies etc. maybe jp morgan chase becomes client for a new hq) I think that there are quite some people have a crazy need for “security” Fox could totally market this. Society isn’t just financially bankrupt the bigger problem is the moral and intellectual bankruptcy.
William Black interview – the Massive Fraud Exposed Vid http://tinyurl.com/yjzhj4q
Mark Faber
http://www.youtube.com/watch?v=nasMgjgzD2U&feature=related
Goldman Sachs’ secret bets Vid http://www.youtube.com/watch?v=JaKQvHjoncQ
Re: CDOs
I’m noticing a new word popping up here and there;
Synthetic collateralized debt obligation (SCDO)
any chance of having a talk about what that is in one of the Truth About Markets shows in the future?
For a banker there are no absolutes except what you owe them, and then it’s to the 15th digit behind the decimal point.
The parasite denied killing its victim.
I’m convinced that the crooked traders at Enron all got jobs at GS.
$100 billion line of credit to the IMF = ‘an open-ended sdr denominated fund’ (Zhou essay proposal for substitution account to exchange dollars in for sdr-denominated assets)
http://www.imf.org/external/pubs/ft/survey/so/2009/NEW061809A.htm
http://www.business-standard.com/india/news/vijay-joshi-towardsnew-world-money/355759/
“Liquidity Crisis” = BIS capital adequacy ratios 01/01/2010
http://www.marketoracle.co.uk/Article525.html
The world’s press is paid to continue to protect and nurture the criminal colonial interests invested in creating the financial crisis and designating the reform of the international financial monetary system for personal profit.
With the blatant biased Basel banking regulations about to take hold of the US banking system, the pillared approach seeks to protect big banks at the expense and demise of small banks. This is treachery:
http://www.huffingtonpost.com/arianna-huffington/move-your-money-a-new-yea_b_406022.html
Trust would be better assigned to your mother only.
Surprised nobody saw this yet from Bloomberg:
Bankers Get $4 Trillion Gift From Barney Frank
http://www.bloomberg.com/apps/news?pid=20601039&sid=a48c8UpUMxKQ
Also did anyone ever note that Dominque Strauss-Kahn at the IMF, Robert Zoelllick at the World Bank and Mario Draghi at the Financial Stabilization Board are all ex-Goldman Sachs employees?
New Media vs established Media from Grit.TV
Jeremy Scahill and Glenn Greenwald
http://blip.tv/play/gdElgaPyCgI
@Stacy
This documentary from Irish tv would be good research for your upcoming interview with Constantin Gurdgiev
http://www.rte.ie/news/2009/1221/primetimeinvestigates_av.html?2672401,null,230?2672404,null,230
Goldman Sucks and JP Morgan still have over 200 trillion each in worthless derivatives, CDOs, credit-default swaps…etc on their balance sheets.
And all of this worthless paper is bets on top of bets betting against their own bets which is why Goldman Sucks and JP Morgan are nothing but giant fraud operations.
Example: ‘You can buy oil at $70.00 a barrel and buy a ‘put’ that it will go higher to $100.00 and then buy some ‘insurance’ or a ‘short’ contract that oil will plunge to $40.00′.
betting…against….your own bets….that’s soooo legal!
Give me a break!
@Stacey or Max,
Have you ever spoken to, or had Robert P. Murphy as a guest.
http://consultingbyrpm.com/blog/
He has some interesting stuff.
The dollar is going to crash big time you watch helicopter Ben Goldman greedy mother fuckers all about me me me fucked this whole fucking economy up that helicopter lost control is going down from 10,000 feet like a fucken rock you watch
Suanna
Please feel free to tail me…..
I guess we have to wait till the start of Jan comes to see what’s what.
Mike
Lost Generation. 2 Minute Video.
http://www.youtube.com/v/42E2fAWM6rA%26color1%3D0xb1b1b1%26color2%3D0xcfcfcf%26hl%3Den_US%26feature%3Dplayer_embedded%26fs%3D1
Chapman..the weatherman..Sorry, I hate super relaxed speakers that take their time (or rather mine)..
go to work,get dollars,buy metal. bye y’all
@Mike liverpool
Just came online and saw your post. I think I responded to a post of yours a few articals ago. So just to put you at ease, I`m not tailing your every post ( weird ) just responding to info I have gleaned in my research today.
Anyway enjoy.
http://bobchapman.blogspot.com/2009/12/china-is-buying-platinum-and-palladium.html
cheers
John Pilger on Obama 4. This final clip is optimistic. The whole piece is v good.
http://www.youtube.com/watch?v=V-7AOH0PLMA
a Goldman denial, like an Israeli denial, is a virtual confirmation
Poor Gold
Sob
Mike
Wow, that did not come out right..
N N OO TTTTTT !!
NN N O O TT !!
N NN O O TT
N N OO TT !!
Gold is moving along nice and organically..
Hmm..Globalization exit..Enter protectionist (145.18%) tarrifs…
http://www.cnbc.com//id/34624743
I guess the US has the energy and mines to provide their own steel, that is great. Or do they plan to recycle the thousands of stranded containers in LA?
LOL! yeah, if they officially denied it then it must be true!
I heard Goldman also denied the law of gravity, the sky being blue, hens laying eggs, and cable TV being diverse.
well since they’re now Government Sachs, one can assume they’re lying when they officially deny anything.
Why Bearing Asset Management Is Shorting Goldman Sachs
“Why short Goldman? “We’re essentially short the political economy, and the most politically connected firm is Goldman Sachs.”
http://www.businessinsider.com/hedge-fund-manager-shorting-goldman-2009-12
FROM NOV 1 2007: Could Goldman Sachs Still Be Profiting From The CDO Debacle?
http://seekingalpha.com/article/52328-could-goldman-sachs-still-be-profiting-from-the-cdo-debacle
Premier!
Nice. but let’s ask what they have in the hand behind their back..