Stacy Summary: My evening reading . . .
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ref. max keiser & Get 6 mo’s free storage
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Rick Ackerman-
- King World News
- Mish
- Karl Denninger – Market Ticker
- Michael Hudson
- ZeroHedge
- The Big Picture
crash banksters – Buy Silver & gold
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Most recent: 
Hey check out this rap video laying out Keynes vs Austrian philosophies of economics.
http://bit.ly/92hMzo
@norcalkid -
Add into that anecdote the following:
elderly family member has stroke, ends up requiring end of life care for 2 years, leading to need to file for Medicaid/Medicare…
Person dies, leaving bills for the estate to settle out, the kids start fighting over the assets of the estate and the bills eventually get settled, but the familial relationships are hurt in the process.
Fast forward 5-10 years to present… now the depression is occurring and half the family is out of work. The financial pressure is worsened as the home gets foreclosed and consolidation of the extended family occurs. The former people who were fighting over the parents assets at death are now accusing the other side of squandering it.
Meanwhile the kids are consuming $200 per month in cell phone, texting, internet fees, etc.
Am I speaking from personal experience?
Nah, I just see hundreds of families having the EXACT SAME circumstances….
So, the dad calls AT&T to get a headset replacement… the kid’s headset fell apart and I’ll be damned if I’m going to have the kids wearing BT wireless headsets which irradiate their head 24-7.
The call center for AT&T (gee isn’t that BALL PARK IN SAN FRANCISCO AT&T PARK???) is in .. .ready for this… NOVA SCOTIA…
WTF???
NOVA SCOTIA???
The dad says he had a Canadian call center for a California based big corporation telling him that he could not have the new part sent out… they wanted to refund the headset cost to his credit card…but the bank accounts are closed now and there is no longer a debit card to refund to.
Basically, if you’re an American citizen, you need to call the toll free phone number to get the “corporate” support for your refund…. because of outsourcing, you will be asking a non-American for their permission for the refund in US Dollars for the US based company.
@CalDoc- Rock on!
I have seen the “health care” system from the caregiver’s side. Lose your job, and then health insurance; have to cash out retirement and life insurance to get medical assistance, then go through bankruptcy. Later, the patient dies, leaving the spouse penniless. Yup, been there.
@Youri Carma
Where did you find all this stuff about Kissinger and one ot the Rockerfeller are dead ?
Mind you that satanic prick Kissinger has always been dead. Are your sources reliable ? So Kissinger that big fat war criminal and 5 of his bussiness associates are dead ? What a shame. Now. Who would want Kissinger dead ? This country is runned by the devil. They mention Bush. Why not Obama ?
@ michael
Thanks for the comment on jury tactical behavior.
I have never understood what the notion of “putting your hand on the Bible” and doing the imaginative exercise of speaking to the unseen Big Daddy God-Idea/Saint Nick “up there” (as if the earth is flat and there is such a thing as “up”) had to do with anything. What about seperation of church and state? Do muslims “swear on” the Koran? I revere R.Crumbs work. Maybe I should swear on Zap Comix? What nonsense! How does this ridiculous swearing process underpin anything?
@ DAN II -
Thank you for your comment regarding my rants…. I am considering posting them to another blog so that I quit pelting Max’ blog with my comments.
Some of the people posting on this blog seem to be more present to interfere with the legitimacy of the discussion…. I can name names but shall not.
There is a tool of propaganda to inhibit the viability of the discussion board to exchange good credible information.
The operatives begin posting bad information, links that are screwed up, and attempt to limit the utility of the discussion.
Keep an eye out for their misbehavior.
That posting on “jury nullification” is very interesting.
The Los Angeles County court system now has rules about distribution of educational information within several hundred feet of the courthouse.
This is another example of how mind-numb our existing judicial system is in California. Instead of advising the jury pool of these opportunities to take control of the situation, the court specifically issues opinion that the distribution of educational materials near a PUBLIC facility is illegal!
We need lawyers who will help get control back to the people!
ACTA – (26-29 Jan.2010 – Mexico)
Secret copyright treaty: how we got here, what you can do
http://www.boingboing.net/2010/01/24/secret-copyright-tre-3.html
(Electronic Frontier Foundation’s Danny O’Brien explains – mp3)
Hey TIM OSMAN is back. Booooh ! Obanana will certainly be doing his Bush War on Terror schting. USA is a bad acid trip. If TIM OSMAN is back from the dead expect real bad banking news and a new taxpayer massive gang raping by the CIA, the Pentangon and that Obanana pimp. TIM OSMAN is on the pay list of the Pentagon. Was 25 years long and still is Longt live the Obanana republic and Tim Osman (code name for Ben Laden Benanke).,
Walmart fire 10,000 people!
http://www.thestreet.com/story/10666054/1/wal-mart-cuts-more-than-10000-jobs.html?cm_ven=GOOGLEFI
Mike
@Bonn
Don’t think so. There seems to be something going on behind the screens between some secret elite organizations.
@ Youri Carma
Do ya think they went into thier underground bunker ?
I told ya when these guys start going missing
They gonna push ta button
Hic
Millionaire Herman Rockefeller gone missing 25 January 2010 (The Daily Telegraph) http://www.dailytelegraph.com.au/news/national/millionaire-herman-rockefeller-gone-missing/story-e6freuzr-1225823068558
Kissinger missing-presumed dead 8 January 2010, by Benjamin Fulford http://tinyurl.com/y9l48de
@Youri Carma
Finally it had nothing to do with real science. It’s about MOSTLY about taxes and finding a new way to milk the cows called taxpayers. In sum it’s a lot like the H1N1 scare, the TARP program and the war on Terror.
People don’t get it. NOW again, don’t get me wrong. Environnemental and ecological problems exists. I agree. Except paying taxes to corrupt governments and buying junk contracts from Al Gore and Goldman Sachs is NOT A SOLUTION. But the mechanism is absolutely the same as with the War on Terror or the Flu “pandemic” or the TARP funds. Same thing.
Dear cow slave taxpayer gives us you money or TIM OSMAN (Ben Laden our CIA employee) will blow up your office or in the plane.
Dear cow slave taxpayer gives us your money or the atmosphere will be ablaze and you willl die chocked to death.
Dear cow slave taxpayer gives infinite TARP program or all the financial system will implode.
Dear cow slave taxpayer gives ud your money or the flu will all kill you.
TERROR SELLS ! It’s about the ONLY way that arm’s dealers, banksters, pharmaceutical companies, politicians and oh yes, the bastards from the media cash in today on the cows.
The naked body scanners and the BAE flying drones over London are very good example the way to extort funds from the cows. Terrorize them on everything.
Corporate terrorists. All these including the Global Warming END OF THE WORLD scare mongering are backed by corporate terrorists. All of them. It’s not about science, It’s not about fighting terrorism. It’s not about defending our “values”. It’s not abour our health. It’s not about saving our jobs and our economy. It’s about THEIR money and that’s about it. Nothing else. Stop being naive in the name of environnement or a good cause. Profiteering has infinite faces.
@Dan II
yes Dan, I thought that was very interesting and should be part of people’s awareness kit in these times. That is why I am mentioning it here. A lot us us are going to need it when they start trying to round us up. I am hoping Max will start shouting it from the rooftops along with his other helpful suggestions.
@ MEP – Thank you for that video link.
Here’s an important link back at you…
http://www.youtube.com/watch?v=yQd-VGYX3-E&NR=1
Go to six minutes into the lecture.
He’s talking about coal mining and production in real mathematic terms.
He also hangs the “expert” bureaucrats and the MSM in a couple view graphs.
He’s not using Powerpoint but viewgraphs and an overhead.
Taxpayers’ millions paid to Indian institute run by UN climate chief http://www.telegraph.co.uk/earth/environment/climatechange/7005963/Taxpayers-millions-paid-to-Indian-institute-run-by-UN-climate-chief.html
Millions of pounds of British taxpayers’ money is being paid to an organisation in India run by Dr Rajendra Pachauri, the controversial chairman of the UN climate change panel, despite growing concern over its accounts.
BREAKING NEWS: scientist admits IPCC used fake data to pressure policy makers http://wattsupwiththat.com/2010/01/23/breaking-news-scientist-admits-ipcc-used-fake-data-to-pressure-policy-makers/
@ Caldoc – Add this one to your viewing list:
http://topdocumentaryfilms.com/enron-the-smartest-guys-in-the-room/
@ Brian
Although jury nullification is a power that juries have the courts have done an end run around this right. Juries today take an oath to obey the orders of the court – even to rubber stamp a directed verdict. So if you ever find yourself on a jury I wouldn’t advise you to base your decision, and notify the court, on jury nullification or you may find yourself in jail for contempt of court. Better to just say that you did not think the state’s evidence was sufficient to support the states claim. Same result and the court will thank you for your service instead of sending you to jail. Some things are best left unsaid
Another great lecture on the exponential function.
http://www.youtube.com/watch?v=F-QA2rkpBSY&feature=related
http://www.youtube.com/watch?v=G17rx7H3DtI
WOW!!!!
Many thanks to the person who posted the YouTube link to the “Trillion Dollar Bet” documentary aired on PBS Nova.
NOT only does that YouTube video show LTCM’s breakdown, but the videos are strangely reflective of the current financial breakdown in the United States.
WATCH THIS PEOPLE…. Unless you are already familiar with LTCM or the math behind it…
@JGIR -
The herd mentality can be difficult for mammals to break.
Humans are mammals and herd mentality is very deeply ingrained.
Therefore, the herd mentality / stampede occurs when the markets move.
Stuyvesant Town and Peter Cooper Village Turned Over to Creditors.
@brian
Jury nullification – I misstated when I said it was a law. It is a de facto power of juries.
@CalDoc
The first time I read you on here, you advocated Swine Flu injections. I still believe you are missing some vital information regarding that.
I just want to say, I’ve really enjoyed your opinions and insight lately . . . especially your rants. As for being on the radar, we probably all are a blip somewhere. I think they leave you alone unless you might actually become effective in your ‘radical’ notions. But who knows . . . one day that list may be used to round up the malcontents. Everyone has to have their personal “line in the sand.”
Anyway, nice rant on your last post.
@brian
Most judges will not tell juries about this law nor will they allow defense attorneys to mention it either. Some judges will dismiss a jurist if they ask a judge if such a law exists. Thus, it becomes useless. If enough people were informed before they were summoned for jury duty, it might help. My guess is that the law would be changed if jury nullification were used often.
But – SPREAD THE WORD!!
Too many people have been imprisoned for frivolous ‘crimes’. We need to fight back.
The small business owner in America, as the gov engineers its subversion … http://jsmineset.com/wp-content/uploads/2010/01/clip_image00132.jpg
Caldoc, many are being steered through the maze toward the abattoir
@ Sunday Video Club
http://www.youtube.com/watch?v=dsrOXJwGwtk
Horizon episode from 1999 on the Black-Scholes option volatility formula and the LTCM crash. A number lovers nerdgasm.
@JGIR-
I’m right with you on the closing of small businesses.
My problem was that it was impossible to rely on California contracts under Medi-Cal and impossible to rely on reimbursement from the insurers.
Moreover, I personally know more than two dozen doctors who have left practice or closed offices in the last 18 months. This has adversely impacted the lives of a substantial fraction of the population in this area.
I also know of rural doctors in California who are unable to offer services to people in those counties because those counties are essentially bankrupt.
The federal medical money goes to state and to county. Because the politicians want all money to go to their favorite project, there is considerable shifting of federal appropriations from the original project to (hand waving … oh look over there… pointing to the sky… politician steals the money from the poor, indigent, unemployed…etc).
So the spooks go on … pass me by… my door way has the blood of my toil and my family smeared across the threshold… will the King and IRS demand more denari or denial?
I am certain that some spook goon is reading this political speech tonight on his terminal in the Virginia area. You, young man or lady, are employed by a government contractor which pays you with our children’s earnings! You can not continue your employment if the government and Wall Street did not “capitalize” your company. You need to learn finance and stand on your own, instead of becoming yet another employee ID number on another plastic badge.
Does that offend you in the database headquarters?
A doctor who is licensed in California and is so upset that he talks about openly refusing payment on the US Federal Reserve Note because the contracts from the government and from insurers are NOT honored, are NOT worth the paper they’re printed on, and are SUBJECTIVELY and UNILATERALLY terminated on good doctorS (YES PLURAL) across this nation?
What an unholy alliance exists in a tyrannical regime (or should I say XE-gime) when said federal contracts pay more to kill foreigners in their clay huts than to save American children in our own cities?
What government hubris accepts this dichotomy?
While reading about Robert Anton Wilson I came across the concept of “jury nullification” on wikipedia. It seems very important for our times because it means that a jury can refuse to convict if they feel a law is unjust in spite of “the evidence.” This seems like a great weapon against a tyrannical system that allows corporations to wield “the law” against the people. Rise up!
MUST READ!!!!! How Stanley Kubrick Faked the Apollo Moon Landings: Front Screen Projection http://www.jayweidner.com/AlchemicalKubrickIIa.html
The new smoking ban in Macedonia forces the people into the streets.
In a country of some 2 million where fifty percent of the population smokes, it took little time before the people decided to take matters into their own hands.
Not exactly a healthy cause but still a notice of merit for the people !
http://www.google.com/hostednews/afp/article/ALeqM5il-y9Q6Shl7T0MK39PYM54YsgQ0Q
@ Gordo –
Your posting about the “deflection” which ignores the political causes of Fannie and Freddie failures was right on target.
Unless we as voting tax payers directly give heat to the Congressional bribe-takers, we’re condoning their original financial sin.
@SG:
Max and Stacey are American.
My message was not to continue American imperialism, nor to support criminal banking interest.
Your message is hateful and inappropriate.
@SG
Any fool can criticize, condemn, and complain – and most fools do.
@ SG
Sorry mate we dont care
ya gotta pay for ya idiot actions
Debt is Debt period.
Hic
Going by ta looks of it ya in fine health with some wierd side kick
Hic
Wait for the pain
Its a relief
LOLOLOLOLOL
Hic
to who , ta world
@SG:
You are a bully.
@Y’All
c’mon everybody it’s not fair to HATE the americans… Imagine if they ever did stop talking SHIT a mile a minute… they might understand what the whole world has been trying to tell them for years… and they would probably realise what complete shameless, arrogant IDIOTS they are…. huh… and then they might stop hiding behind words like FREEDOM… and NUKE US ALL!!!
@ Cal Doc…..the offer still stands…..move away from there….. jungle farming in Thailand is the place you wanna be…load up the family.
Caldoc—Going out of business is the tip of the iceberg.
I like your response, thanks …
I closed 2 small businesses Dec 31st 09, not because of debt, I ran my ships tight, there was mo debt on the books. The expense of keeping them operating would have started to lead to debt. This economy has run dry for me. I am done, unable to fight the spooks.
While we breath freedom the Bank of International Settlements is breathing fire.
Just Like US I had a friend who lived way beyond his Income
Now he runs from Pillar to post hiding
USA is doing ta same now
They will desprately go after some conflict somewhere thats the only business they know of
Hic
How a swashbuckling breed of mathematicians and computer scientists nearly destroyed Wall Street
http://online.wsj.com/article/SB10001424052748704509704575019032416477138.html?mod=e2tw
“When combined with job losses and lower consumer spending, the environment is very challenging for both large and small businesses. Small businesses, which tend to have less financial flexibility in a recessionary environment, have been particularly affected during this cycle. Of note, small businesses rely on banks for 90 percent of their financing needs, compared to large businesses, which use banks for only 30 percent of their financing. There are more than 27 million small businesses nationally that employ about half of the nation’s private-sector workforce and these businesses have approximately $1 trillion in debt outstanding. Access to credit markets is expected to remain a challenge for these firms, but at the same time, with inventory and capital spending levels at near historic lows, the demand for credit has remained weak.”
http://www.federalreserve.gov/newsevents/testimony/greenlee20091130a.htm
(Gordo: small business relies upon securitization. China’s lending restrictions will be tariff enough, and how will we have industrial output with a credit crunch?)
@JGIR –
Going out of business is the tip of the iceberg.
When so many people are declaring personal and business bankruptcies, the banks are being forced to mark to market on the bankruptcies that they have created.
The bankers should realize that after going broke, these business owners have become the newly unemployed. What the hell does the US Congress think that the extra 600,000 Unemployed people were in the last 6 weeks?
Those are all the small and medium sized companies going out of business at the end of 2009 and who’s shareholders do not want 2010 to continue the bleeding. So, they’ve laid off massive numbers of people who are crowding the McDonald’s for a Happy Meal because they’re all so depressed with their crying children in their gas guzzling SUV.
I’ll bet there’s people reading this blog right now who are from California, Florida, Arizona, Nevada, Michigan, Illinois, or Ohio.
And, as you look around your cities, you will see the empty shell space at the local small strip mall, the missing big box retailer now closed with signage scar on the side wall, and empty car dealerships where unwanted cars get towed away.
This disgrace is caused by the bankers folly.
Make no mistake about it. The lack of lending is not our fault. We never had the money to begin with.
The money we relied on was labelled “Federal Reserve Note”.
But, mark my words, I’ll NEVER count my worth in US Federal Reserve Notes EVER AGAIN.
After watching my IRA funds dwindle due to theft on Wall Street, watching my brokerage steal more, then the government taxes more, then tickets me for a car violation hampering travel, then taxing a gun purchase limiting right to bear arms, then telling me what medicines to prescribe to the patients, then taxing me on the medical waste generated, then preventing us from the right to gather…
there comes a time when revolutionary change must occur…
when we as free people must throw off the shackles of these money thieving monopolists, who sanctimoniously cloak their conduct in the garments of “official” while killing the future of American children with financial vehicles that destroy their net worth before they are born.
My chlidren will breathe freedom from debt, including those created by the monsters in the Hamptons, in McLean, and in the penthouses of Manhattan’s corporate towers.
My children will breathe free because my family gives a damn about our future.
You can take my Federal Reserve Notes because they’re not worth a damn.
I won’t get paid in these worthless FRN’s and I’m not going to buying any more of red or blue pills for my family…thank you.
Freedom starts with each family and each person’s decisions.
We are not here to be stuck in cynical pessimism.
We’re here to breathe freedom.
@snoot – you’ve definitely gone over to the dark side based on that last comment
What do you mean by that, Tsar?
@snoot
Work for American people is reliant on small business which is reliant on abs securitization! Gordo, tariffs won’t help.
Not sure what you are getting at on that one.
@Bonn:
How soon before you drink yourself to death?
Look, DanV. Why do you all always call me names? I’m Frances. That’s F-r-a-n-c-e-s. And I want to argue words, not my character or associations or mental condition.
The point is that the regulations are not in favor of the American PEOPLE at this time: nor the world for that matter. They are being thrust upon us by the G30 forum which is bought and paid for by those nasty criminals who love to use rhetoric to hide their bloody hands. The Financial Stability Board is run by GS bankers. The criminals are the ones handing us the regulations! And they were written to favor these same criminals!
@Y’All
It shrinks my liver, doesn’t it, Nat? It pickles my kidneys, yeah. But what it does to the mind? It tosses the sandbags overboard so the balloon can soar. Suddenly I’m above the ordinary. I’m competent. I’m walking a tightrope over Niagara Falls. I’m one of the great ones. I’m Michaelangelo, molding the beard of Moses. I’m Van Gogh painting pure sunlight. I’m Horowitz, playing the Emperor Concerto. I’m John Barrymore before movies got him by the throat. I’m Jesse James and his two brothers, all three of them. I’m W. Shakespeare. And out there it’s not Third Avenue any longer, it’s the Nile. Nat, it’s the Nile and down it moves the barge of Cleopatra.
The Lost Weekend.
Small businesses are all over the world
If thats the last pitch the US govt. is gonna sell
go ahead fall for it
Debt is Debt
Ya can’t get rid of it period
Lotta peeps(meaning countrys) have awakened to USA’s World wide BS.With the malasian Pres also questioning 9/11.
Ta world has had enough of US
USA is a failed state its just a matter of time
I ‘am only worried about the lunatic Submarine commander
Hic
http://englishhistory.net/byron/poems/fare.html
Nice one, Tsar.
@ Snoot….”the greedy ones are the only ones with brains it seems in America.”
Well are you a social darwinist then?
Guess what, Bonn. If you want our bases to go away y’all better pay attention to the IMF and the UN: cause those soldiers are not under US ‘government’ jurisdiction anymore. Why do you think O is outsourcing everything? But not to worry: I’m sure the real evil is coming out of Wallstreet, so y’all be just fine.
Bonn— thats a real problem, Americans can/t compete with world labor, manufacturing jobs produce real wealth. Many Americans have mom and pop shops, owned and operated with a few employees. The shops are becoming extinct. The only way to get manufacturing jobs back to the US is for the dollar to fall to a level that attracts business. The end result is a lower standard of living. The US is going to slide until some level of equilibrium in labor is attained.
@snoot – I mean about the greedy ones being the only ones with brains — fare thee well as Byron said
@CalDoc
Well, it’s wrong if you use $42 from 30 years ago. How about $20 from 1933, or 77 years ago. It would be 11% (roughly) inflation or devaluation of the dollar, which is not so far fetched. The governments CPI is untrustworthy.
No problem on the math. I had to use that 70 rule as I could not recall the formula with out looking it up. It is exponential so natural log might be used depending on what you were looking for, rate of growth, doubling period, total amount at the end of some period, etc.
@france snoot
Finally, in the blame game, let’s not give the politicians such an easy pass. The Freddie and Fannie failures and the sub prime loan disasters were crises of politics as much as markets. The spotlight thus far has focused on ill-disciplined industry participants, without sufficient investigation of the political class that fostered and enabled the deeds.
More deflection on to government as I see it just another corporate tool. Who does he think bought and paid for the politics in the first place?
@snoot – you’ve definitely gone over to the dark side based on that last comment
I don’t know, Bonn. Debt can be rolled over unless those who like being in monopoly interest get their consolidations and the capital is crunched for all but the insiders.
ya can’t have 180 bases world wide hun
it costs money
Hic
Tsar:
I thought the essay was well thought out and interesting. I’m not pimping for Novartis: but the greedy ones are the only ones with brains it seems in America.
Small firms:
• Represent 99.7 percent of all employer firms.
• Employ just over half of all private sector employees.
• Pay 44 percent of total U.S. private payroll.
• Have generated 64 percent of net new jobs over the past 15 years.
• Create more than half of the nonfarm private gross domestic product (GDP).
• Hire 40 percent of high tech workers (such as scientists, engineers, and computer programmers).
• Are 52 percent home-based and 2 percent franchises.
Do they know how much their in Debt ?????????
Hic
excuse me: in the private sector one half
@snoot why are you pimping Noventas ? They’re not the good guys in anyones books — except the people-raping bankers…
Half the people in America are employed by small business, Bonn. Get some coffee.
Small firms:
• Represent 99.7 percent of all employer firms.
• Employ just over half of all private sector employees.
• Pay 44 percent of total U.S. private payroll.
• Have generated 64 percent of net new jobs over the past 15 years.
• Create more than half of the nonfarm private gross domestic product (GDP).
• Hire 40 percent of high tech workers (such as scientists, engineers, and computer programmers).
• Are 52 percent home-based and 2 percent franchises.
• Made up 97.3 percent of all identified exporters and produced 30.2 percent of the known export value in FY 2007.
• Produce 13 times more patents per employee than large patenting firms; these patents are twice as likely as large firm patents to be among the one percent most cited.
Ya gotta have cutting edge Technology work force
Small business what da ya mean by that ???
Will it help
Will they help
Ya livin in a dream world
Hic
Forgot
Hic
Small Business is a miss-nomer
Americans gotta compete with all labour work forces
Small business nonsence is thier wild card joker which will fail too
http://www.aim.org/aim-column/the-big-money-behind-geithner/
@Dan II – Many thanks for the explanation on the math… A 21% inflation rate would be suggested by that level.
It tells me that the $20,000 per ounce level is likely wrong. But the $1200 per ounce is definitely low.
My guess is that GATA is right.
@Gordo – yeah, at the moment we are (or should be) in a situation like the airplane safety drill… put the oxygen mask on yourself so you can breathe before you try to help anyone else.
Work for American people is reliant on small business which is reliant on abs securitization! Gordo, tariffs won’t help.
Don’t shoot the messenger, *well, you can with words, but this article is an interesting counterpoint to the general agreement here:
http://www.cnbc.com/id/35015774
@Tsar Caustic
I agree, it were me I’d be slapping tariffs on Chinese goods and rolling back WTO. Insisting on work for people in the US.
Because I thought it was a nice reminder that the problems of 2008 have not been resolved and is likely to bite the world in the ass.
@snoot – I know — commercial is in deep trouble — and there’s nothing worse than derelict buildings to kill the morale of a town — just wondered why you were posting that particular text.
fwiw, have noticed a large increase in for sale and for lease signs posted on commercial property, basically this economy continues to shrivel up. Going out of business has become the new American way …
@Tsar:
It’s a quote, Tsar. I did not make the point myself.
Americans sign petition to repeal the First Amendment
http://www.youtube.com/watch?v=tznR4wPeS4M&feature=player_embedded
“Similarly, prop trading, hedge funds and private equity may scare people, but those activities, narrowly defined (as they will be by the banks and their lawyers and lobbyists), had nothing to do with the subprime and structured finance meltdown either; in some cases, prop trading helped out these firms. If you define, on the other hand, prop trading with investing bank capital (that is, deposits) in profit-making efforts, then everything from credit cards to corporate lending to structured finance might fit under that capacious awning. Banks invest other people’s money for their own profits. That’s what they do. Where then is the line drawn? It’s easy to say that trading for your own book would apply, but what if you sell your loans into the market, then trade on that market? What if you trade to remain in the deal or information flow or to provide liquidity? Where does securitization fit into all this?”
http://www.thedeal.com/dealscape/2010/01/the_volcker_plan_first_thought.php
@snoot — care to elaborate on that last post?
@Y’All
Dr Feelgood – On Milk and Alcohol,
http://www.youtube.com/watch?v=6ySdocMeBW8
“Washington likes to fight the last war. By tightening lending rather than creating an environment where there can be more liquidity, the seeds are being sown for a further real estate collapse, which will undermine the economies of a lot of countries and the portfolios of some of our largest institutions.”
@Gordo – I think we’re talking about different contracts and there’s a lot of discussion about Airbus building an “assembly” plant in Mobile, AL that is intended to offset the effect of sending the contract offshore — I admit I haven’t worked through all the details of this – but still my question remains, this is taxpayer money being spent, so shouldn’t any manufacturing work that is involved be in the US… period? Especially considering the 17% U6 unemployment figure.
We Are In A Depression, Not A Recovery http://tinyurl.com/ygzc6nl
Florida unemployment rate highest in 25 years http://tinyurl.com/ybj8yyl
Jobless claims surge in the latest week http://tinyurl.com/yagg9zo
State Unemployment Benefits Up for 3th Straight Week; Last week up to 482,000 http://tinyurl.com/yaoluw8
“So forgetting about residential real estate, which is already in default, we have $1.3 trillion in CRE that needs to be refinanced between now and 2013.
Where is that money coming from?
About $260 billion of it was originally financed by the securitization market, which of course doesn’t exist anymore. And if that’s not bad enough, the recession has pushed rents 40 to 60 percent below what they were when these loans were made. So even if the credit market was available to refinance the debt, the owners wouldn’t be able to refinance because of the [diminished] rental stream.”
1.3 TRILLION!!!
http://amlawdaily.typepad.com/amlawdaily/2010/01/stuart-saft-qa.html
@ Gordo – I don’t get it, either. Also don’t get how Obama can even TRY to act upset about the recent Supreme Court decision and decry corporations wielding complete control over government given this:
The idea of outsourcing a portion of NASA’s manned space program to the private sector gained momentum after recommendations from a presidential panel appointed last year. The panel, chaired by former Lockheed Martin Corp. Chairman Norman Augustine, argued that allowing companies to build and launch their own rockets and spacecraft to carry American astronauts into orbit would save money and also free up NASA to focus on more ambitious, longer-term goals.
@Tsar Caustic …… NASA
I do not think this is to outsource as in overseas (yet)
@ Gordo – “Morph the Global Financial Crisis to gov’t caused”
I share your analysis.
The MSM is reflecting big corporate politics, especially primarily New York City / Wall Street and Madison Avenue.
The play book for the GOP is to let Obama win in 2008 (recall McCain suspended his campaign in October), then the bankers tighten the noose on the US economy (recall Andrew Jackson).
As the economy goes to hell, the incumbents get blamed because the electorate never delves deeply into the causes.
This means massive sweeps back into office if the GOP is in position with candidates.
Then, the new Congress and new POTUS gets to keep sucking up to the bankers more…. meanwhile the people are slaves to the system some more… and we get fed more rounds of Jay Leno, Oprah, Ellen, Regis, and Anderson Cooper in Timbuktu.
Get me off this carousel Logan.
@Mep
I really can not figure out who is driving this personality wise, is it the blue dogs? I do not get it. Rom Emanuel? Some other brain dead branch of a party so lost … so bamboozled by this privatization virus … it is just sad.
@Mep – similar contract here for refueling tankers http://www.reuters.com/article/idUSN2122309320100121
Not to be too nationalistic, but why the hell is anyone even considering sending this kind of contract overseas.
@Mep … NASA
Watch the costs, rise and quality drop like a rock
usd/gold ratio—http://stockcharts.com/h-sc/ui
Someone suggested taking all the gold and all the dollars and derive the ratio. I see many problems defining all dollars and all gold. Let the market decide (honest market . . . ha ha).
sg–wtf are you talkin about
White House to Outsource NASA Work.
Obama’s gone fucking mad.
@CalDoc
I don’t have a clue what the correct US$/Gold ratio should be.
@ji
oh I just read your comment… ooh I suppose that will teach me for having something better to do than spend all my time on here arse licking…and DON’T WORRY… I never the forget vaseline… guess what… she said you never need it… as you can’t get it up anymore in the REAL world!!!
@CalDoc
I just roughed it using the rule of 70, or divide 70 by the number of years it takes money (or anything) to double to find the growth rate.
42 doubles not quite 9 times to grow to 20,000. So 30/9=3.33 and 70/3.33=21 approximately.
@ Dan II -
Thank you for your correction.
What’s the calculation like?
Is it a natural log?
If that’s the correct $USD :Gold ratio, what is suppressing the valuation of gold on the market?
You overgeneralized from a specific argument I made. Your same logic can be applied to say that your eating food makes you a naturalist.
danv—Stock futures up on report Bernanke
may be some upward retracement in the market, a day or two, before the downward move resumes … this just my opinion. Did you call your congressmen to voice your opnion on Burn-anke?
@California Doctor
I was thinking the lack of enforcement was more directly related to political will and politics.
Pull FBI out of White collar crime put them on home land security. It fit the GOP agenda at the time, still does.
Cut back on all enforcement of corporations (large), increase the size of the prison system for the common man.
The legal system has always favored the moneyed so no change there.
Morph the cause of the GFC from the real criminals on WS onto the government via media control. (this has been a spectacular success).
Weird dynamic. Stock futures up on report Bernanke to be confirmed. http://bit.ly/29DtN3 But good markets make it easier to vote no. Hmmm
@CalDoc
Closer to 21% growth to go from 42 to 20,000 in 30 years.
@Y’All
I hope…
Ela Disse Adeus
http://www.youtube.com/watch?v=WnYSgN3ODAY
Ela disse adeus
Now the deed is done
As you blink she is gone
Ela disse adeus
Let her get on with life
Let her have some fun
@Dan – the cullers are in London and I don’t believe that the Obama Admin will accept culling in the US population.
I hope I’m right.
There is another choice… play the oil as currency game.
If you revalue oil, you could see ships moving from port-to-port as part of the SPR trades. I think this was the point of Keiser’s recent report.
@Justget Itright
Pecan Pie to be technical
@Cal Doc….options seem to be revalue gold or reduce the population.
@ Gordo – I agree with the enforcement issues, but under the current United States Judicial system, the perp walks are not court action. The perp walks are the prosecution tainting the jury pool. We’re supposed to be putting people on impartial juries and then holding trial without preconceived notions of justice.
We both know that it is not possible in this current climate because everyone is looking for the bagholders and the wimp to blame. I’ve wondered who was behind Madoff. These people claim to be “victims” but really it was “their’ greed which motivated Madoff. It was their greed which also lead to the lies.
About the marginalization of gold or SDR’s, historically gold and silver have been in coinage. Check out a very interesting blog (jsmineset.com) and the author Jim Sinclair points to (admittedly Sinclair is a gold bug and CEO of Tanzanian Gold Royalty company). Nevertheless, Martin Armstrong’s evaluation of Roman coinage and debasement during the fall of the Roman Empire is an excellent read.
gordo—u use a derivative of pie for that calc
@ Dan Valley – Revaluation of Gold to $20,000 per ounce from $42.00 per ounce is ironic.
The US Fed Reserve would have to swallow the fact that the prior POTUS/Congress in the last 30 years had a 5000X devaluation of the USD. … looks like a 8+ percent inflation rate to get that kind of multiplier (someone check my math… I did 5000 natural log).
That might be about right given the position of other consumer goods and housing in the USA.
Think about this one Dan – how much would one ounce of gold buy you in 1880 California?
Did it buy you one week of food? One month? Makes you think right?
The Volcker Rule & AIG: Hedge Funds and Prop Desks Are Not the Problem
http://us1.institutionalriskanalytics.com/pub/IRAMain.asp
@All
Yes we are all out of control.
By my calculations we will run out of disk space in 3.234458832 hours.
@Giuseppe –
Yes, you and I have the same measurement standard of greed… tangible assets of shelter, food, water access…. notice that fiat currency and / or gold are only a means to the ends… not the ends themselves.
Unless you use the $1.00 bill to paper over your roof (might be cheaper at this point), you can’t really use the $USD to eat or drink itself. It has to be converted by some other guy who agrees to give us that food and water for it.
My point is that I’d get more out of a plant than the bank anyway.
Media trotted out so many ex-Fed Governors to support Bernanke, I thought they were going to hand out shovels; dig up dead ones.
fs—that to fast stuff at me i think
Caldoc—seems the imf is cousins with the fed and eu, yes??
Remember this – Bear markets move faster than bull markets.
So Goldman sells toxic bond to customer, shorts bond. Not prop trade because “for customer?” Hmmm
http://bit.ly/7VAqm0
when i was posting i was directed o a blank page with this statement…..
You are posting comments too quickly. Slow down.
Stock decline overdue for technical reasons. But pundits blame Bernanke doubts http://bit.ly/78AEcT. How convenient for Ben & banksters.
WTF????You are posting comments too quickly. Slow down.
whom is this addressed to?
“IMHO, the SDR is a trading vehicle meant to bring some political palatability to the use of a fiat currency in trade.”
Do you have the information on the use of the sdr as a trading vehicle, Cal Doc?
WTF????You are posting comments too quickly. Slow down.
Where does the IMF get its money?
The IMF just created 250B+ sdr fiat *poof* by decision of the IMF council.
Caldoc, was posting fro this site … https://www.imf.org/external/pubs/ft/exrp/what.htm
imo the imf is a world of posturing for profits
@California Doctor
Yes, I am not a gold bug or an SDR bug.
They are both marginal in the big scheme and I hope that they remain marginal. I do not see any solutions here both could be manipulated. I would like to see prep walks well beyond Madoff. That is the only thing preventing fraud whatever form of currency.
@Cal doc….just revalue gold to 20,000 then you will have plenty of room for growth.
@FS and @JGIT -
It is shocking, but the power to “Create” money is not in the hands of the people of the United States.
It seems to be in the hands of the technically literate database administrators who run the banking and wall street financial databases.
Depending upon how you stand in line at the trading desk or teller window, you win or lose.
You’d need a trading system which itemizes the transaction by fraction of a second and matches buyer-seller fairly.
But, there is no profit in it for the Market Maker if you have no ability to get in line ahead of your own client, if you can’t steal more fees from the client, and then act like everything is “all good”.
IMF… read and learn … http://www.imf.org/external/index.htm
@JGIF -
“* lending members hard currencies ”
Hard currency?
USD, Yen, Euro and Sterling are hardly “Hard”… ROTFL.
The names of these disgusting IMF programs are the ultimate in Orwellian double-talk….
“Poverty Reduction and Growth Facility”
LOL
If your a third-world national leader and want us to support your leadership, get your country in debt to the Bildeberg’s too. If not, we’ll kill you by CIA drone.
Nice foreign policy, huh?
No wonder Chavez and Castro are so nuts.
What is the SDR?
The SDR, or Special Drawing Right, is an international reserve asset that member countries can add to their foreign currency and gold reserves and use for payments requiring foreign exchange. Its value is set daily using a basket of four major currencies: the euro, Japanese yen, pound sterling, and U.S. dollar.
The IMF introduced the SDR in 1969 because of concern that the stock and prospective growth of international reserves might not be sufficient to support the expansion of world trade. (The main reserve assets at the time were gold and U.S. dollars.) The SDR was introduced as a supplementary reserve asset, which the IMF could “allocate” periodically to members when the need arose, and cancel, as necessary.
IMF member countries may use SDRs in transactions among themselves, with 16 “institutional” holders of SDRs, and with the IMF. The SDR is also the IMF’s unit of account. A number of other international and regional organizations and international conventions use it as a unit of account, or as the basis for a unit of account.
@CaliDoc
My greed is governed by my desire to keep breathing and eating…(i.e. oxygen and food/water)
nothing else…
Yes, the IMF/World Bank are the “guiding influence on a need for a global fiat currency”
Can you think of something higher?
Nations that are recalling their reserves are just making sure they have the shit in hand…
I do the same thing…
Why should I let someone else hold my purchasing-power when I can guard it myself?
That doesn’t defeat the argument that SDRs will be backed (in part) by gold…
@Y’All
Cristina – Is That All There Is.
http://www.youtube.com/watch?v=AybvLztacFM
Where does the IMF get its money?
The IMF’s resources come mainly from the quotas that countries deposit when they join the IMF. Quotas broadly reflect the size of each member’s economy: the larger a country’s economy in terms of output, and the larger and more variable its trade, the larger its quota tends to be. For example, the United States, the world’s largest economy, has the largest quota in the IMF. Quotas are reviewed periodically and can be increased when deemed necessary by the Board of Governors.
Regular OTC Derivatives Market Statistics 12 November 2009 http://www.bis.org/publ/otc_hy0911.htm
Regular OTC Derivatives Market Statistics
12 November 2009
Key developments:
* notional amounts of all types of OTC contracts rebounded somewhat to stand at $605 trillion at the end of June 2009, 10% above the level six months before,
* gross market values decreased by 21% to $25 trillion,
* gross credit exposures fell by 18% from an end-2008 peak of $4.5 trillion to $3.7 trillion,
* notional amounts of CDS contracts continued to decline, albeit at a slower pace than in the second half of 2008 and
* CDS gross market values shrank by 42%, following an increase of 60% during the previous six-month period.
@Giuseppe Bagoducci -
I think the issue with the SDR makes logical sense to back with Gold.
But, look at the nations most backed by gold reserves… who is it and are their currencies and banks linked to the SDR?
Who are the nations best backed by gold?
http://en.wikipedia.org/wiki/Gold_reserve
The US line is bull because when you review the documentation at US Treasury department, the gold report shows a line called “Deep Reserve”. This Deep Reserve appears to be UNMINED and UNCOLLECTED gold which is said to be in the ground and “in deep reserve”.
LOL
I wish I could say that to a bank. Gee, Mr. Blankfein – I have “deep reserves” of vegetables and fruit … they just haven’t grown yet.
Key policy issues related to the international monetary system are considered twice a year by a committee of Governors called the International Monetary and Financial Committee, or the IMFC. A joint committee of the Boards of Governors of the IMF and the World Bank—the Development Committee—advises and reports to the Governors on development policy and other matters of concern to developing countries.
Most of the IMF’s loans to low-income countries are made on concessional terms, under the Poverty Reduction and Growth Facility. They are intended to ease the pain of the adjustments these countries need to make to bring their spending into line with their income and to promote reforms that foster stronger, sustainable growth and poverty reduction. An IMF loan also encourages other lenders and donors to provide additional financing, by signaling that a country’s policies are appropriate.
The IMF performs three main activities:
* monitoring national, global, and regional economic and financial developments and advising member countries on their economic policies (“surveillance”);
* lending members hard currencies to support policy programs designed to correct balance of payments problems; and
* offering technical assistance in its areas of expertise, as well as training for government and central bank officials.
@Guiseppi:
I agree with you wholeheartedly. I hope everyone has a chance to advance their own position against the criminals: that is why I put up with the abuse and post here.
Can not the imf change the contents of the golden basket of sdr’s, with a vote on a moments notice to try and maintain as much value in order to prop up there wealth??
@JGIR:
Every five years: this year is one of them.
@DanielS:
“If you spend money you’re a capitalist”.
Well? If you willingly cooperate within the capitalist system, you are advancing the same system through your participation.
I wonder about your inconsistencies: you claim capitalists as ‘psychopaths’ and then advance gold as a mode of exchange.
@ Gordo – About SDR backing in gold…
In the last two thousand years the human population has grown by huge amounts, but the amount of mined gold has not.
If you use gold as the only standard, then you end up limiting the economy and productivity of the expanding population of humans on the planet by the lack of easily mined gold.
I think one of the key issues is that the productivity of people and of nations can be changed by revolutionary changes in technology. When these technology changes appear, does the improvement reward the nation or people who made that change?
It should from a moral standpoint, but the distribution of gold would not adjust rapidly. More over, under present circumstances, the continuing printing of $USD (either electronically or at the US Mint) denies any American innovator the fruits of their increased productivity.
BIS – Semiannual OTC derivatives statistics at end-June 2009
http://www.bis.org/statistics/derstats.htm
The IMF was conceived in July 1944, when representatives of 45 governments meeting in the town of Bretton Woods, New Hampshire, in the northeastern United States, agreed on a framework for international economic cooperation. They believed that such a framework was necessary to avoid a repetition of the disastrous economic policies that had contributed to the Great Depression of the 1930s.
@Snoot Reynolds
I don’t give a shit about who wants to TRY destroying me…
I’m like a pawn in chess, that is one step away from crossing the whole board…
So long as THEY don’t have a piece ready to cut me off, I’m changing my position to MY advantage…
you got that?
@Gordo
I don’t know where I read it…
it doesn’t matter, though… Occam’s Razor…
it is only LOGICAL…
Unless the IMF and Geo-polipigs are dumber than me after a case of beer and an 1/8th of weed…
“Zhou proposed the following actions to move the SDR in a direction that could better accommodate demand for a more stable reserve currency:
Set up a settlement system between the SDR and other currencies. Therefore, the SDR, which is now only used between governments and international institutions, could become a widely accepted means of payment in international trade and financial transactions.
Actively promote the use of the SDR in international trade, commodities pricing, investment and corporate bookkeeping. This will help enhance the role of the SDR, and will effectively reduce the fluctuation of prices of assets denominated in national currencies and related risks.
Create financial assets denominated in the SDR to increase its appeal. The introduction of SDR-denominated securities, which is being studied by the IMF, will be a good start.
Further improve the valuation and allocation of the SDR. The basket of currencies forming the basis for SDR valuation should be expanded to include currencies of all major economies, and the GDP may also be included as a weight. The allocation of the SDR can be shifted from a purely calculation-based system to one backed by real assets, such as a reserve pool, to further boost market confidence in its value.”
http://www.nuwireinvestor.com/articles/the-dollars-days-as-the-worlds-main-reserve-currency-could-52741.aspx
Youri— have you watched the movie “Knowing”, I think you may enjoy it some … the trailer … http://www.youtube.com/watch?v=uxPQhm_Aq-E
@JGIR-
The IMF defines the SDR basket publicly at
http://www.imf.org/external/np/fin/data/rms_sdrv.aspx
Look at the top paragrph.
Snoot, it takes special skill to be able to contradict yourself so many times in a single response. Logic? You don’t deal in the actual meaning of statements here. You deal in the limitations of language and people’s refusal to express their ideas in legalese such that it is unreadable yet immune to attack by she who rejects anything that her own brain didn’t produce. Then you’ll attack it anyways with such absurd statements as “If you spend money you’re a capitalist”.
@ Guiseppe Bagodonutti –
I’ve reviewed FS’s prior posting on the SDR, and it was some of the best stuff she’s posted in many weeks.
IMHO, the SDR is a trading vehicle meant to bring some political palatability to the use of a fiat currency in trade.
However, it is patently obvious that emerging economies did not agree with the SDR. It is not coincidental that the Gulf Coast nations, China/Hong Kong, and other nations recalled their gold reserves from London as the SDR emerged.
Would you agree that the IMF and World Bank are really the guiding influence on the need for a fiat currency?
If so, there is a political agenda behind the SDR, it is world standardization of financial transactions according to a trackable, recordable ledger. This ledger has some use to the people in power, but only subjects us to greater controls and manipulation.
The bottom line on this discussion is that we could write software that uses the daily SDR exchange rate to do business in SDR’s.
But, my earlier point about the Keisert is that we could define our own currency and set the standard against what ever we want.
The only factor limiting us is that we have a desire for “money’.
Therefore, I offer a rhetorical question:
Does your greed get defined by you, your family, your government, or your God?
If so, what does that greed get standardized in? SDR’s? Euro’s? USD? Gold coins? Cattle? Seashells?
Right?
Can not the imf change the contents of the golden basket of sdr’s, with a vote on a moments notice to try and maintain as much value in order to prop up there wealth??
@Giuseppe Bagodonutti
Could be wrong but I think you may have read where people were speculating about what might be in the basket behind the SDR’s.
I think I did that.
But the Gold bugs think that Gold should back everything, so if it came from there ????
@California Doctor
Gather round people, the highly opaque but hugely important topic of “O.T.C. derivatives” http://tinyurl.com/y8tbyue
@JustGetItRight -
The SDR can NOT be an instrument to avoid the on-rushing financial armageddon as the $USD implodes.
The four currencies in the SDR basket are the US dollar, Japanese Yen, UK Sterling, and the Euro.
Because all four of these nations are highly linked in trade and financially, it is my expectation that any rapid deleveraging in the big four banks would rapidly domino other financial firms in the other nations (JPN, UK, EURO would be affected when Goldman Sachs goes down).
My view of the EU is that these villages were essentially approached by hucksters who held up the village funds across the Western World. After getting control of these funds under their “bank”, these Goldman Sachs “bankers” absconded the money in the biggest Ponzi scheme in world history.
The move by Obama to permit Interpol to function in the USA is appropriate under this world view because the EU, UK, and Japanese would need to use Interpol to seize records within the ponzi schemes.
This, of course, assumes that the ponzi schemers are so stupid as to maintain their funds in the US. They aren’t. They moved the funds to the Carribean, Singapore, and Swiss banking centers where they could money launder without exposing the behavior to the IRS.
fs—Is the sdr the safe haven in the upcoming financial Armageddon. We surfs do not have a ticket, but the elite are utilizing this currency vehicle for some type of bomb shelter, yes??
JGIR:
Maybe we can purchase a “golden ticket”?
The ultimate FIAT currency needs a hard asset that doesn’t decay…
ergo gold as a backing
@Guiseppi:
“They” are planning on doing away with these.
@CaliDoc
I didn’t imply that the SDR isn’t FAKE…
But if Global Trade is seeking a new FIAT to barter with, it will be the SDR, and GOLD will provide it with some degree of stability…
Of course, if the US of fuckin A wants to go the TECHNOCRACY route, then that’ll change the whole game…
“That the SDRs will affect our fiat money value .. yes, of course. But I still maintain that the “common man” will probably never even hear the word SDR , let alone have it explained to them !”
The common man should investigate thoroughly for his own gain. Using ‘competing currencies’ is the game that the Peruvians and other third-world countries have played: it is not a nice game and I think it is entirely unnecessary.
Phil, how can one invest in anything without a working knowledge of our currency system? Sdrs lie at the heart of the system. They retain value due to the advantage those who keep esoteric their knowledge provide.
@ y’all – SDR is defined by IMF here:
http://www.imf.org/external/np/fin/data/rms_sdrv.aspx
There is NO GOLD or hard commodity in the basket.
That’s the entire point Max is making with respect to the valuation of the oil.
fs—Is the sdr the safe haven in the upcoming financial Armageddon. We surfs do not have a ticket, but the elite are utilizing this currency vehicle for some type of bomb shelter, yes??
@GuiseppiBagonuts:
Sure, logical. From your side of the moat. The ones on the other side think logical is to retain their advantage while destroying yours.
@Giuseppe – Even if the SDR includes gold or silver or even platinum in the basket, the fractional presence is reflective of a loss of national sovereignty to the people who participate in the SDR.
A fiat currency is a fiat currency. Just like the tranches which included fractional exposures to various mortgage backed securities, the SDR is fractional exposed to the Yen, Sterling, Euro, and Dollar. So, how can the SDR be anything other than fake.
If the SDR is recognized as an international currency, then we should be able to create our own basket based upon our own assumptions. We can call the new now fiat currency, the Keiserk.
If you and I agree to exchange services, time, and goods based upon the Keiserk; then we have a new form of currency.
One look at Second Life tells me that the Linden dollars in Second Life are a new form of currency.
What’s the exchange ratio between Linden dollars and your home currency?
I’d say that Max’s blog is worth far more than Second Life. So, one million Lindens equals one Keisert.
Each time we post, we could accrue a Keisert.
Then, we all become a slave to Max’s blog and can eat from our great comments.
When Stacey doesn’t like us, she can blow us out of our posting and no more Keisert.
LOL
This is essentially what the banks have done to us.
They’ve blown us out of credit and no more food.
My answer is make your own currency now.
@Marc:
I only asked where he read it: I was curious! sheeeeez
SpongeBob Square Pants in China…very funny
http://www.youtube.com/watch?v=PxymwN7nYQQ&feature=fvw
@Snoot Reynolds
Sorry, I have no link…
I just remember reading about how Gold was going to be part of the new basket, many moons ago…
It is logical, though… Gold has no real purpose outside of coating Stealth bomber windows, so it can only be used as a measure of currency…
The ultimate FIAT currency needs a hard asset that doesn’t decay…
ergo gold as a backing
@dan valley … This is how to prevent SDRs…
LOL … Nice !
Nice music too … reminds me a little if the Isley Brothers !
Oh man, was music good in the olden days !
@frances … but you indicate that the common man doesn’t need to know anything.
Yes, you are right … to a certain extent.
When I say “doesn’t need to know”, I mean because he won’t be able to do anything about it anyway.
I mean, seeing as they can’t even get the “elected politicians” to do “good” for the “common man”, they certainly won’t be able to get the elites to change their ways.
That the SDRs will affect our fiat money value .. yes, of course. But I still maintain that the “common man” will probably never even hear the word SDR , let alone have it explained to them !
@snoot
Ronron is right. Russia is buying canadian dollars. If I remember it’s only make 5 % of their reserves. Spasiba.
This is how to prevent SDRs…
http://www.youtube.com/watch?v=gsQllpYgd3Y&feature=related
Actually the NEW and IMPROVED SDR will have gold as part of its BA$KET
Guiseppi:
Do you have a link for this information? The only information I found was concerning the future retooling of the sdr from the IMF was that the yuan was to be included.
Actually you said I was being “misleading” — go back and re-read it.
No, I said the statement was misleading. I did not mean to indicate that you were attempting to mislead anyone.
It is you who are taking personally my words, Tsar.
@Stacy-
I greatly appreciate your posting of the link to the “How Wall Street Destroyed Health Care”.
I concurr with the reporting and have direct experience in the price fixing and the medical office economics.
This story did not however get in to the more concerning story, which I thought it would.
CVS/Caremark and other publicly traded companies are now in control of the distribution of drugs in the nation. The medicalization of the distribution of currently illegal drugs is likely tied to future distribution through these Pharmacy Benefits Management companies.
When a person goes to Minute Clinic, that person is supporting and giving their medical information to a database owned and operated by CVS-Caremark. This database then accrues information on you and your family like your financial credit history.
These medical insurance companies have constructed large databases that are tracking EVERY order the doctor makes, EVERY prescription filled, and EVERY disease billed to the insurer.
The ONLY way to evade these databases and obfuscate the record is to pay the doctor cash ONLY for services. If you do not pay cash only, you are getting services through the funding by the PUBLICLY traded corporation. That corporation is then reselling your data to others.
One possible avenue of sales tax increase is to legalize MJ and tax the hell out of it. That’s the strategy which is starting to appear in California, but it is drilling the old fashioned regular doctor’s offices out of business.
The revenue moving through these pot clinics is in great excess compared to the financially starved private doctors offices.
Please don’t flatter youself, you are clearly incapable of logic, that would be carmp your style..
You know nothing of me, ME.
@Cali Doc
Actually the NEW and IMPROVED SDR will have gold as part of its BA$KET
Hence a plausible rationale for China and Russia to be stocking up on the Gold reserves…
to me, it seems inevitable that the SDR will be the new global reserve… the yankee buck is terminal…
its disease CANNOT be cured at this stage…
Snoot excellent disembler of others words. Because you live in the USA you have the true vision? WTF
-Thread I should have said..
@Snoot
Please don’t flatter youself, you are clearly incapable of logic, that would be carmp your style..
@Dan II (chicken)
I relplied in another threat, but having to weed out your position and remind you of the proposed bet tells me you are reluctant to make it. Are you chicken (prrrok pok pok)?
Regarding the SDR – the basket called SDR is reasonable in a situation where the fiat currencies are accepted in transactions. However, in a situation where the nations or their people do not have a stable paper currency, the SDR will remain problematic. The SDR does not appear to be backed by either a militia or some other collateral (i.e. gold).
Guys and gals, fight nice, we all need that spicy talk to stir up the flavors. But the end result is a taste we all find nutritious … fueling all our quest to be better off while feeding from the tree knowledge. This allows human beings to make deliberate choices that they consider beneficial even if they include an element of pain.
Evidently is not a caveat, it can’t be in normal english, evidently..because it is not a condition.
ME: are you a lawyer?
Evidently is the appearance of a conditional clause: it may function as a caveat within the context of my usage.
@Dork of Cork –
The cost of the meltdown of Goldman, Citibank, Wells Fargo, or JPMC has been something I’ve been trying to figure on.
When the derivates risks get put into the bankruptcy process, it will be up to the federal bankruptcy trustee to evaluate who gets to own those risks.
The risk exposure for those notes is noted on this blog (perhaps someone else reading can confirm this data in another blog?)
http://www.marketoracle.co.uk/Article15105.html
Looks like the following:
JPMChase – 80 TRILLION
Goldman Sachs – 41 TRILLION
Bank of America – 39 TRILLION
Citibank – 32 TRILLION
Wells Fargo – 5 TRILLION
So, if you liquidate in bankruptcy the debt obligations of the top 4 bank derivatives note holders, you liquidate 190 TRILLION dollars of debt. This is about 25 years of US GDP in 2007 dollars. My guess is that this would result in an international liquidation of the USD.
The trade off is the Euro, Yen, Yuan/Renminbi in a basket VERSUS the $USD.
Bernanke leaving the fed would help do this massive reset, but you can bet that the USD would crash. The only question is whether or not the SHTF scenario would kick in.
My guess is that if the SHTF scenario unfolds in the next 30 days, we have a fighting chance to plant crops for 2010 and increase the yields in ag. But, the prep of the land in California needs massive labor to work. So, you’d need to open the border to immigration in California, lock down California from the rest of the country and then hope that the central plain states could increase their agricultural yields, lift coal use limits in the Adirondacks and use the Natural Gas resources.
I repeat, the ” common man ” will probably never need to hear about SDRs, they are just an ( future ) instrument for “setting/agreeing” Xrates between sovereigns.
Well, Phil. That’s curious. You see, the really well-connected or uber-rich are enjoying their knowledge about sdr, but you indicate that the common man doesn’t need to know anything. You ignore here the use of sdr in protecting ones assets due to single currency volitility. But one doesn’t read much about that, it’s rather insider information.
Maybe Lindsey Williams will tell us all we need to know if one of his little talks.
@snoot – methinks the lady doth protest too much.
Actually you said I was being “misleading” — go back and re-read it.
You arguing that “largest private employer in the US” is ambiguous, much less misleading still seems strange to me, especially since as far as I know you are a native English speaker, but nevermind.
As for the Cass Sunstein thing, I was joking, but….
@ME
I replied to you in the thread where you addressed me earlier. Whatcha got tonight? Feeling friskey?
@Snoot
Evidently is not a caveat, it can’t be in normal english, evidently..because it is not a condition.
Frances Snoot vs the IMF’s SDR
http://www.youtube.com/watch?v=PlJJ84NHxs4
I think you’re being disingenuous
No. The sentence reads:
Evidently WalMart is still the largest private employer in the US, and the world.
I asked if evidently was your caveat. What I meant by that, in a genuine way, was that it was not an indication of the private sector employment in the US to indicate that WalMart is still the largest private employer. It was actually a polite way of saying, I disagree.
You subjectively declared me to be a Cass Sustein plant.
Isn’t that rather ridiculous?
Stop attacking me everybody!!
@Dann II (chicken)
What up!?
Americans sign petition to repeal the First Amendment
http://www.youtube.com/watch?v=tznR4wPeS4M
@snoot – “Do you fear ‘cognitive dissonance’, Tsar? Is a forum better without the one who does not agree? Are y’all safer without any dialogue?”
No, I don’t fear it at all – I can cope.
But for someone like you who seems to be literate and informed to split hairs and dispute that Walmart is the largest private employer in the US because I didn’t put the word “single” in front of it, just seems to be being needlessly argumentative. And I wonder why.
Off you go SG, don’t forget the vasiline
Anyone who read for my meaning knew I wasn’t making a syllogism.
If a syllogism is capable of destroying one’s argument, then the argument is not worth a grain of salt.
I did not attack your person, Daniel S. But be assured, I exceedingly tired of your pathetic arrows aimed at mine.
You’re the ant-truth
I think here you mean ‘anti-truth’. I wouldn’t bother gaming that pathetic arrow: it did not even leave much of a wake behind before it advanced into its rhetorical angst.
How can a person epitomize the ‘ant-truth’? Am I the ‘ant-christ’? Do you fear me or your own inept attempts at logic?
@Tsar Caustic
Your meaning was clear to me and anyone else who doesn’t play with language like Bill Clinton.
Me thinks the others , outside the US, truly can not know the embarrassment and helpless state of mind that our government has created for the working people and small business owners. IMO the US gov are like a Frankenstein on crank and steroids.
@Y’All
enuff of this virtual shit…. I’m off to watch a documentary about myself and my friends online!!!
@Y’all
And then people start to confuse virtual life with living… I know it almost happened to me!!!!
you seem to take everything too personally
No, Phil. Don’t worry on my account! I’m a big girl: don’t remember the last time I cried. Y’all can carry on with your American bashing.
@snoot: re your reply: “You forgot the word single. The largest single private employer: makes a big difference. The largest private employer would be small business:”
I think you’re being disingenuous … employer is singular, or “single” as you’re trying to take pains to point out.
Maybe, you just misunderstood, but it was clear enough that there’s no justification for you to apply the label “misleading” to what I wrote — anyone of ordinary intelligence would have easily worked out from the context what was intended – hence my point that you seem to be just being argumentative.
Stella, you are a true gator!! Bless you honey
Cass Sunstein’s infiltrators?
Do you fear ‘cognitive dissonance’, Tsar? Is a forum better without the one who does not agree? Are y’all safer without any dialogue? Please, do credit my account if you feel I deserve ‘pay’ for my efforts!
Jello once again. More Christians voted for Bush Jr. than voted for the other dude, even though it was clear that Bush Jr. supported torture. You game language. Anyone who read for my meaning knew I wasn’t making a syllogism. You’re the ant-truth. A pathologically plausibly deniable misinterpreter of other’s statements.
You’re overall very belligerent and argumentative lately — with everyone. And you seem to have a hell of a research staff behind you – are you one of Cass Sunstein’s infiltrators?
I am?
So far I’ve read this:
American Christians support terror.
Walmart is the largest employer in the US private sector.
Sdr are only a cover for a fiat enterprise gone south.
Wallstreet is evil and full of fundamentalist capitalist criminals.
Americans can get away with murder if they’re fat enough.
Gold is the standard for all money.
Patriots all support Ron Paul.
Greyson is a truth promoter.
etc.etc.etc.
Most people that leave these posts do not live in the contiguous US. So I find it hard to swallow when you claim I have a ‘research dept’ behind me. I live here.
Is Goldman Sachs going private again ?
Will the FED/ JP MORGAN kill GOLDMAN to survive ?
Killing Goldman will do a lot to save the dollar as its goldmans destruction will make the remaining dollars more valuable
I have gut felling that there is a battle brewing in the white house between the FED/president /Volcker and goldmanites within the executive
Any thoughts?
Our President … “O yes we can! Isn’t he the best???
http://www.americanparchment.com/video/2010/jan/wh_supreme_court_decision.html
@phil
nearly everyone on this site at some point… seems to suffer from thinking every other comment is directed at them or about them… especially if they use the site as a medium for a big ego trip rather than as shared experience, you know give and take… sittting with their faces too close to a computer screen all day seems to crank up peoples impatience and reduce their perspective on life… computers make people hyper-sensitive… damn, most people who work on computers for a living can’t even seem to read an email without wondering if someone is having a dig at them… and if your only alternative to being online all day is watching TV, you are well and TRULY FUCKED…. just saying, nothing personal y’all!!!
Evidently WalMart is still the largest private employer in the US, and the world. That pretty much says it all.
Small business employs the most people in America, Tsar. Is “evidently” your caveat for that misleading statement?
What is snarky about what I wrote, Tsar? You forgot the word single. The largest single private employer: makes a big difference. The largest private employer would be small business:
http://web.sba.gov/faqs/faqIndexAll.cfm?areaid=24
Small business employs over half of US private-sector. Imagine the numbers of lost jobs due to Basel mandates?
@snoot… you’re really confusing me now. Sometimes you whip out articles from 2008 in a split-second and now you’re questioning that Russia is buying Canadian dollars??? Really, wtf??
just a few quick links:
http://www.ft.com/cms/s/0/22f1bd26-05db-11df-8c97-00144feabdc0.html?nclick_check=1
http://www.businessinsider.com/russian-central-bank-dives-into-the-canadian-dollar-as-its-new-reserve-currency-2010-1
LOL
@ronron:
Who told you the russians were buying canadian dollars?
so when will the name of the US change to the Incorporated states of America? Any comments from people from the UK on this?: http://video.google.com/videoplay?docid=4024663011008894776#
@ME – no ganging up, and I think @snoot can hold her own — but damn she’s cranky lately.
LOL! I have really missed these “off network” broadcasts with potty mouth Max!!!!!!
@Frances Re: GDP
I’ve heard Stiglitz talk about the issues with GDP. It sort of makes sense to me that we should stop talking about unproductive and/or socially destructive expenses as GDP growth when they are net negative for all but a few well compensated executives. Does the rising cost of third world health care outcomes in the US REALLY represent positive economic activity even if the cost rise is larger than the lost productivity of an unhealthy workforce (what the hell else are they gonna do anyway, flip burgers)?
My introduction to that discussion was not in the context of a one world response but I think there is at least the possibility that reversing 50 years of newspeak on economic statistics can’t be far wrong (though it could of course be completely corrupted in subtle and insidious ways, but this differs from the current statistics how?).
Is the problem that the individual is not the prime focus of economic activity in the new discussion?
Hmm.. ganging up on snoot er? I’ll fetch the rope
@Giuseppe the real artery-clogging, taste-bud-exploding burger goodness is found in Southern California at In-n-Out
USA V China:-
The on line war!
http://www.telegraph.co.uk/news/worldnews/asia/china/7067134/China-accuses-US-of-online-warfare.html
@Tsar Caustic …. You’re overall very belligerent and argumentative lately
Yeah frances, what d’ya say
Seriously@frances, you seem to take everything too personally. As to SDRs, you always seem to think I am against your opinion on these …. which I am not .. not entirely at least.
I repeat, the ” common man ” will probably never need to hear about SDRs, they are just an ( future ) instrument for “setting/agreeing” Xrates between sovereigns.
Fuck Big Macs…
I prefer Mama Burgers from A&W
2 for $4 !!!!!
Made with real MEAT!!!!
What would Harpo Marx say?
http://www.youtube.com/watch?v=En9RrM0OC9A
lets have a sing song.
@Y”All
huh… the thing with a infected gaping wound… if you never ever cover it up, the infection never heals… the puss will just keep coming and it will really start to stink… no matter how much alcohol you throw on it or medicate!!!
Another day another Big Mac. Another day another bonus (GS).
You see how USA is egalitarian society. Don’t try the regime. Dangerous.
are people that go to church christians? what percentage?
@snoot — alright… it’s time to call you out, or at least ask you WTF?
First, I said “evidently” the largest private employer in the US, and I said “evidently” because at that point, I hadn’t taken the time to double-check what I had heard in the past and still thought was true.
In the time it took you to type your snarky comment you could have done the same google search I did and found that yes, WalMart is still currently listed as the largest employer in the US.
Your “Small business employs the most people in America” response to that is utterly absurd — maybe there are more people in aggregate employed by small businesses but that doesn’t change the fact that WalMart as a single corporate entity employes more than any other single entity.
Which illustrates my second point, as to calling you out, or at least saying WTF? and calm-down…
You’re overall very belligerent and argumentative lately — with everyone. And you seem to have a hell of a research staff behind you – are you one of Cass Sunstein’s infiltrators?
I’ve always thougt that smirking shit Bush was a lying dushbag an the oposite of a Christian. Time hasproved mer right. By definition one who supports tortue is not a Christian. May be amerikans have redefined it for them selves.
@snoot
100% statistical correlation between eating each day at MacDonald’s and colo-rectal cancer. Which prove that you have to be a real as—le to eat there each there. Loved that film “Supersize me.” Tried the regime for a month for fun like in the film. It’s true.
Social Democratic Repblic
Thats how it will be sold.
misinformation / obfuscation.
@Snoot. thanks. why are the russians buying canadian dollars?
@Marc:
Well, Marc. I’m an agnostic that thinks the only place tags belong is attached to meat at the supermarket.
There is no “future action” to be predicted if what you’re asking about is support for torture and frequency of church attendance.
Yes, there is Mep. The ‘study’ predisposes the weak-minded to a prejudiced idea that church attendance is relevant to personal ideals concerning torture. The study is not capable of drawing that conclusion scientifically. The ‘future action’ is the attitude people who read the mess have towards those who attend church: specifically Christian church.
What right has the government to that information? How many people voluntarily gave that information? How many church goers did not answer the questions? How relevant is that small subset that did answer to anything, anywhere, anytime?
It’s a crock of sh*t.
@snoot
I am christian and catholic and hate that oils and gas gangster Bush. Do I count. No. I don’t intend getting my green card. Vive le Canada/Québec libre ! For the moment. It won’t last with that right wing fucker Stephen Harper. Soo sad. I think you think that all christians likes that Bush. Anyways Obama, that black Bush ain’t that different. Vade retro satanas.
Who is the bogey next week? McDonald’s patrons?
McDonalds patrons are the most likely to kick their dogs based on the 2007 Pew Research voluntary poll.
OMG. Must not let those people own pets!
@ronron
D’accord avec toi. SDR is just another mega good faith piece of globalist toilet paper. I prefer my barbaric relic. You can call gold and silver bad faith money toward banksters and gangter politicians. Buy bad faith real money. Anyways can’t stand SDR, Remind me of FDR.
@Mep:
The lie is that correlative data is good for anything.
Evidently WalMart is still the largest private employer in the US, and the world. That pretty much says it all.
Small business employs the most people in America, Tsar. Is “evidently” your caveat for that misleading statement?
The term Christian is applied loosely: it is not a fair indicator of a Bush supporter. It is a false syllogism:
Christians supported Bush. My grandmother is a Christian. My grandmother supported Bush.
@Tsar Caustic
I was wondering what the net result would be with outsourcing the jobs. Thanks for the info. Even with the outsourcing, it doesn’t mean it would be a one to one replacement. Like you said, it most likely was a method to cut benefits to employees. Sam’s Club can still maintain they are a wonderful, caring employer, just as WalMart claims most of their employees have health insurance (a lie).
Now Wal-Mart is outsourcing:
http://www.bloomberg.com/apps/news?pid=20601087&sid=aMpbHZkczetk&pos=2
Pardon my French, but WTF?
Interpret studies how you like. Christians supported Bush when it was clear Bush supported torture.
@ frances – There is no “future action” to be predicted if what you’re asking about is support for torture and frequency of church attendance.
Also, there is a HIGH correlation between frequency of church attendance and support for loose gun laws. Frequency of church attendance and LACK OF SUPPORT for women’s reproductive rights is also strongly, positively correlated. And that data comes from the census. Add in political affiliation, and also see a strong correlation between all of those things and voting Republican. The data doesn’t lie. Unless, of course, you think that the people filling out the census forms lied.
was wondering why all currency’s weren’t involved
Ronron:
They are ‘all involved’: all the other currencies are pegged to one of the currencies (dollar value index) in the basket. Some are even pegged to the sdr itself.
biblical capitalism
Those two terms should be oxymorons.
The data, Mep, is correlative. Correlative data may not be used to predict future action: did you see the ‘study’ at the Huffington Post?
@Dan II the article says the laid-off workers will be replaced by outsourced staff from “Shopper Events” which from a quick search seems to be a company that exists solely to service WalMart/Sam’s Club. I haven’t looked too deeply but it smells like an effort to get what are in essence contract employees to do the jobs Sam’s club employees used to do, ie, even the low-paid, benefits-poor employees were too expensive for Sam’s Club, so they’re out.
Evidently WalMart is still the largest private employer in the US, and the world. That pretty much says it all.
@Mep:
Studies are often wrong. It is naive to tag someone with a characteristic action as a consequence of some other habitual action. People are individuals and act in capricious ways.
@Snoot. thanks. sometimes i’m a little thick. was wondering why all currency’s weren’t involved. canada by proxy of coarse. still seems british empire to me at this stage.
@ Dan – was just going to post that. The depression has been GREAT for Hell-Mart, yet they need to downsize in order to help their bottom line even more. Hell-Mart gives America the middle finger once again.
@Gordo:
Why would I be the spokesperson for a scheme of which I may not partake except in pain and diress?
@ frances – Yes, I do think the generalization is fair. Studies have shown the the more frequently a person attends church, the more likely they are to support torture. And if you listen to any of the mega-church blowhards or fundamentalist Christians, what they preach IS biblical capitalism–which supports the power elite.
@ronron:
I see the sdr as a large piece of bread used to sop the gravy off the currency platter: mind you, it consists of four currencies yet is not individuated as a single currency. Being a whole made of the many it suffers none of the lack of the traded singular currencies, and is treated to all of the gain. And the IMF can declare whatever currency a part of the sdr it desires: it may boot one out and invite another one in. The bank does this every five years: the sdr is to be reweighted in 2010. The bank has invited the yuan within the sdr basket:
http://timesofindia.indiatimes.com/biz/international-business/Yuan-may-enter-IMF-kitty-to-evaluate-SDR/articleshow/5241400.cms
Sam’s Club workers are to be welcomed to the club of unemployed . . . 11,200 of them. Fortunately, they won’t need a card for membership.
http://www.azcentral.com/news/articles/2010/01/24/20100124Walmart-layoffs-ON.html
@Dan11. the spooks are everywhere.
@fances snoot
“Just? Phil, aren’t you neglecting to tell namarama about the sdr-denominated financial instruments or the sdr-denominated trade vehicles or the sdr-denominated assets within the stucture of the IMF/BIS banks?”
I thought that was your job.
@ronron – you spying on me
@Mep – I believe it. McDonald’s will probably put in slot machines as a response.
a guarantee mechanism to allow sovereigns to accept each other’s Fiat currencies “in good faith” !
Just? Phil, aren’t you neglecting to tell namarama about the sdr-denominated financial instruments or the sdr-denominated trade vehicles or the sdr-denominated assets within the stucture of the IMF/BIS banks?
http://www.globalpensions.com/global-pensions/news/1529700/swf-invest-sdr-denominated-equities-bonds
http://www.reuters.com/article/idUSLI29819820090818
http://www.bis.org/review/r090402c.pdf
@ Dan- the economy is so bad that Burger King is going to start selling beer in the US in order to grab a competitive advantage over other fast food joints. Not a joke. Google it.
@Snoot. so the SDR is a large piece of paper that will tell smaller pieces of paper what there worth? duck and cover.
Denninger has a post including video of Baghdad Bob Gibbs talking about how we’re “on the verge” of creating jobs and that we shouldn’t rock the boat by firing Bernanke… or else…
http://market-ticker.org/archives/1895-Financial-Terrorism-You-Decide.html
LOL .. is that you frances `?
LOL, er, no, Phil. I think you think I think that the elite want to make a currency of their little game but if you think I think you think that you most probably forget that you thought I thought too much about their exclusive aims.
our Christians nowadays back torture, despise the poor, and back the power elite
@Mep:
Do you think you are brushing the group too broadly with those associations? Mennonite and the Amish are not in the categories you list, as well as (most likely) many others. Hypocrisy always finds religion a ready ally.
@Phil/Germany. so they reprice gold at 1520.00 and tell the world everything ok? the gold seems to be heading where the debt is.
How will the sdr currency be packaged and sold to the masses ?
SDR is not a currency and it solely for use in reserve accounts of ‘sovereigns’ and members of the IMF. Masses need not apply.
@Stacy, All
did you see this shit?
70-year gag on Kelly death evidence
http://www.thisislondon.co.uk/standard/article-23798597-70-year-gag-on-kelly-death-evidence.do
@DanDan. the economy is so bad even the people that didn’t plan on paying aren’t getting anything done.
@mamarama … How will the sdr currency be packaged and sold to the masses ?
LOL .. is that you frances `?
The masses will never see or realize there is an sdr, as it is not a currency, but just a guarantee mechanism to allow sovereigns to accept each other’s Fiat currencies “in good faith” !
LOL … // Fiat currencies “in good faith” ! //
Did I really say that ?
@Doomand bloom, GODS work, really good video;
we here in OZ have been run by the ‘christian right’ for many years, we make a great test bed for the US. Our existing and last PM’s are great examples…
THE ECONOMY IS SO BAD . . .
–I got a pre-declined credit card in the mail.
–I ordered a burger at McDonald’s and the kid behind the counter asked, “Can you afford fries with that?”
–CEOs are now playing miniature golf.
–If the bank returns your check marked “Insufficient Funds,” you call them and ask if they meant you or them.
–Hot Wheels and Matchbox stocks are trading higher than GM.
–McDonald’s is selling the 1/4 ouncer.
–Parents in Beverly Hills fired their nannies and learned their children’s names.
–A truckload of Americans was caught sneaking into Mexico .
–Cheney took his stockbroker hunting.
–Motel Six won’t leave the light on anymore.
–The Mafia is laying off judges.
–Exxon-Mobil laid off 25 Congressmen.
–Congress says they are looking into this Bernie Madoff scandal. Oh Great!! The guy who made $50-Billion disappear is being investigated by the people who made $1.5-Trillion disappear!
–And, finally… the best for last
–Last night, I was became so depressed thinking about the economy, wars, jobs, my savings, Social Security, retirement funds, etc., I called the Suicide Lifeline. I got a call center in Israel, and when I told them I was suicidal, they got all excited and asked if I could drive a truck!
Source: http://theuglytruth.wordpress.com/2010/01/23/the-economy-is-so-bad/
@ doomandbloom – Very appropriate of Scarlett to refer to “the Family” as a shadow State Department. That’s exactly what they are.
In the US, their influence has undoubtedly had a lot to do with the perversion and hardening of Christianity that we’ve seen. No wonder that our Christians nowadays back torture, despise the poor, and back the power elite. The Bible, itself, is seen as being “too liberal” for today’s conservatives and Christians.
See the following: http://www.huffingtonpost.com/2009/10/05/conservative-bible-projec_n_310037.html (Conservative Bible Project.)
The Tepee Shaped Recovery- Michael Pento
http://prudentbear.com/index.php/guestcommentaryview?art_id=10334
Proposed-restrictions-on-proprietary-trading-are-a-joke-( nakedcapitalism)
http://www.nakedcapitalism.com/2010/01/quelle-surprise-proposed-restrictions-on-proprietary-trading-are-a-joke.html
few links from me
Bernanke-nomination-numbers-and-what-saves-him ( i luv the analysis that ZH puts up…very simple and direct)
http://www.zerohedge.com/article/guest-post-bernanke-nomination-numbers-and-what-saves-him
Christian Mafia news..
http://www.youtube.com/user/RussiaToday
Q.
How will the sdr currency be packaged and sold to the masses ?
Here’s another small town police force that should be dissolved. I used to stop and buy gas there while passing through. Now I take a different route to avoid any of their abuse.
http://personalmoneystore.com/moneyblog/2009/05/05/tenaha-texas-police/
My personal favorite nominee for municipal police force dissolution is Patton Village, TX. I’ve been an honored guest at one of their shakedown parties (traffic court). The judge began proceedings by telling the people in the court room that if we entered nolo contendre pleas, we could pay up, go about our business, and not worry about a smudge on the state driving record so our insurance rates would not be affected. If you would like to find the physical location of the Patton Village municipal court building, it is located in Splendora, TX. Patton Village does not extend far beyond the boundaries of the traffic ticket pads carried to work along US highway 59.
What a corrupt farce.
It seems like the only significant manufacturing left in the US is military related, and the Pentagon is considering sending some of that out of the country
“Defense Department Considering Outsourcing American Aerospace Jobs to France” http://skepticians.com/2010/01/defense-department-considering-outsourcing-american-aerospace-jobs-to-france/
Obama talked about making jobs a priority, he just didn’t say it was French jobs
Sunday vid. club:
Worldwide epiphany.
@Marc
Of course, I know..Actually Europeans should make something out of the letters P, G, I, I and E because Spain in Europe is called Espana..Maybe GIIEP (can’t think of anything) ?
“In February 2008, driven by this belief, I asked Joseph Stiglitz, Amartya Sen and Jean-Paul Fitoussi to set up a commission with the world’s best experts. To remedy this situation, we had to break out of the old ways of thinking. A debate had at last to open. This debate had to be promoted at the highest level of skill. It had to be global.
It was with this goal in mind that the Commission members were chosen.
It was with this in mind that they worked. In 18 months something remarkable has been achieved. A collective debate has now been engaged. It will never stop.”
http://www.ambafrance-uk.org/President-Sarkozy-on-Stiglitz-led.html
There you have it from the premier meglomaniac Eurosocialist! It has to be ‘global’. ‘It will never stop.’ “We have to break up the old ways of thinking.”
And America fits in nicely as scapegoat for all those ‘old ways of thinking’: for individuation and capitalism.
The ‘war’ is against a way of thought: it is being foisted upon us through new definitions of GDP and well-being. The ‘new way of thinking’ is an excuse for the old words: thievery, enslavement, and colonial greed.
It’s not new in the least. Same money backing the same programs; rather sickening really.
@Mother Earth
GIPSI too is derogatory in most european countries. Hey. It’s a lot like the word N word, for a lot of very racist european that don’t like tzigane. PIIGS is too limitative. PIIGSUK is more complete.
Gypsies were lucky in that they were able to live outside the system. I doubt that the ‘piigs’ will be enabled in any such manner. The Eurosocialist meglomaniac types are surely not going to allow nations to ‘opt out’ of their colonial web.
Yeah I know snoot. Europeans are hypocrits, specially the French. Sorry Max and Stacy. British are most ot the time sneaky, the French hypocrits, and Germans pretentious, the Italians ?, the Russians ? Hey. Nothing is perfect. Am I supposed to cry ? Like I said, we will all eat crow this time snoot.
Small town police forces spend most of their time writing traffic tickets and scraping away money from the citizens and people traveling through town. In rural counties, the sheriff’s dept provides plenty of enforcement and can be more flexible with their resources. Unless such a town is in the business of making the big bucks off speed traps, the municipal police force is an expensive redundancy. Then again, who wants to live in a town like that?
http://blog.motorists.org/jericho-arkansas-pay-ticket-or-get-shot/
What do y’all thing about the weak country being called PIIGS, isn’t that derogatory.. why not say call them GIPSI..
Wasn’t part of the promises by Obama ?
You believed Obama?
HAHAHAHA
Greece, Hungary, Larvia, Iceland, Ireland
Strictly underclass, Marc. Not to be distinguished with the true blue-blood types “rooning the shoow”. Don’t you know anything about snottiness? Goodness, guess it takes a snoot.
Fat people are free to kill in the US
http://www.youtube.com/watch?v=j_p8cQK9clI
I am from the middle crass. And you snoot ? Wasn’t part of the promises by Obama ? Good paying middle crass jobs ? Je me souviens. Ah well. Sorry. Have to move to China.
Dear Marc:
The Europeans wrote the regulations which are putting Americans in the corner, Little Jack Horner, and proferring ‘solutions’ which enable their continued and unobstructed domination of the export markets whilst sewing up a little coup on the bond markets by favoring European covered bonds and decimating ‘evil’ securities (aka American).
They ordered, plucked, and roasted the bird. Why should they eat it? They could never rival the complete foolery of the American Patriot. Yankee doodle dingbats.
Subconscious typo error. Larvia again ! I mean Latvia. But Larvia is absolutely à propos.
Elizabeth Warren, the Harvard Law professor noted for her staunch advocacy on behalf the middle class
That’s debatable.
@snoot
Hey Snoot. Europeans are already eating crow. It’s just starting. In the cas of Greece, Hungary, Larvia, Iceland, Ireland, it’s already starting. What’s the rush. Everybody will have his portion of crow to eat. They is enough for everybody dear snoot.
After the Panic in Massachusetts the Borg are trying to assimilate Elizabeth Warren and her credibility – http://www.boston.com/bostonglobe/editorial_opinion/oped/articles/2010/01/24/the_woman_democrats_need/
Satisfied now ?
I’d be satisfied if the Europeans got to sit at the ‘eat crow’ feast we are going to ‘enjoy’, roasted and laid to table by our ‘patriots’ and the ‘alternative media’.
But instead we bail out Europe, ignore Basel 2, and then rejoice when our economy is flushed with the securitizations. Europeans make rissoti and sigh, poke fun, and then say there probably wasn’t anyone worth saving.
bon appetit
http://blogs.nashvillescene.com/bites/EatCrow.jpg
Does Volcker walks on water and multiply bread ?
No, he’d pretty much be the anti-bread for the poor guy. Walking on water if it meant his friends succeed. Who are Volcker’s friends? Why is he being lauded? What does this mean for the American people?
I gag on the hypocrisy.
Hey ! Snoot ! Never said european banksters are not total morons ? They are in a certain way more stupid than Wall Street because their financial leverage is 60 to 1 compared to 30 to 1.
They always suffer from an inferiority complex vis à vis their american competitors. They are even more supido ! Satisfied now ?
The row of China hacking google is heating up, Obama is getting involved with a disingenious privacy argument, anyway, the hawks have found a way to make China look ugly. Now it seems that Google basically invited the hack http://tinyurl.com/y9fz5ew
@snoot
Does Volcker walks on water and multiply bread ? And what will it change for us ? Either way. It’s always bad news for ordinary people.
Do you know about Hypo Real Estate? Have you read about Societe Generale?
http://www.therealestatebloggers.com/2008/09/29/european-governments-attempt-rescue-of-fortis-hypo-real-estate-and-bb/
http://www.businessweek.com/globalbiz/content/jan2008/gb20080124_769729.htm
Marc: your blatant attacks on America almost read like spam.
@snoot
I make no difference between the City and Wall Street. Don’t worry. It’s just that i am closer to the Big rotten apple than London. I know the role the City played in the derivative debacle.
“His (Obama’s) rule on prop trading, private equity and hedge funds, he said, would be “the ‘Volcker Rule’ – after this tall guy behind me”.
Volcker’s sudden emergence as Obama’s visionary of choice for banking reform took everyone by surprise. As recently as December 23, in an interview with Business Week, Volcker conceded that his ambition to see the banks spin off their prop desks was not gaining much purchase. “Why haven’t your views prevailed?” he was asked. “I wasn’t persuasive enough … the President has heard my arguments a number of times,” he replied.”
http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/7061312/Obama-rips-up-the-rule-book.html
I wasn’t persuasive enough? Hmmm…
http://www.forbes.com/2009/01/28/regulators-proprietary-trading-business_0129_oxford.html
Volkner is pushing G30 reforms.
G30 report. The G30 is a group of prominent financiers and academics, which focuses on financial and economic issues. Its report “Financial Reform: A Framework for Financial Stability,” released on Jan. 15, makes several important recommendations.
“* Bank proprietary trading should be limited.
* If there is no existing national-level framework for regulation and supervision in place for large internationally active insurers, one should be established.
* Highly leveraged private pools of capital such as hedge funds and private equity funds should be registered.
* Increased regulation should apply to those funds of a size that is deemed systemically significant by the regulator in the manager’s primary business location.
* Governmental entities providing support for the mortgage market by means of market purchases should have explicit statutory backing and financial support. Hybrids of private ownership with government sponsorship should be avoided.”
http://www.group30.org/
THIS IS NOT A POPULIST MOVEMENT.
http://www.group30.org/members.htm
wonder if goldylocks will crash there stock and go private?
@Danny
And if it passes in Mafiosi Mussolini fascista Berlusconi land, yous be sure that Sarkozyzy, Gordon Brownshirt and Obanana will do EXACTLY the same ! And you can say bye bye to Max and Stacy, Gerald Celente, Alex Jones, MISH, even Karl Denninger. Be very of what is going on in Italia. This fascist mafiosi Berlusconi will inspire all the rest of Europe and the USA. If this passes it’s the end of alternative media and the beginning of nazi Europe. No kidding.
The problem was the bailout in the first place: the banks should have born the loss. Now the loss is to be born by Americans who need jobs as the American economy is hobbled in preference for the Europeans.
Obama is not a friend: this is not a populist movement. It has international bankers written on its face.
The problems are not limited in scope to Wallstreet:
“Because proprietary trading is impossible to define clearly, an outright ban on it will spawn hundreds of compliance officers to police hopelessly vague lines. But the ban would also have a giant loophole, because it presumably would not extend to foreign banks. The foreigners would still gamble in U.S. markets, and the risk of destabilization and a job-destroying credit crunch would continue. In the good years, the foreigners would reap profits, and U.S. banks would lobby regulators to relax the definition of proprietary trading so that they could stay competitive. Moreover, when the next crisis arrived, it would not necessarily be foreign taxpayers that paid for the bailout. The risks taken by Iceland’s banks might well end up being partially paid for by British taxpayers.”
http://www.washingtonpost.com/wp-dyn/content/article/2010/01/21/AR2010012103822.html
@Marc:
You are obsessed with Wall Street. The derivatives that teetered the economy were written in London.
Move your money?
http://www.sltrib.com/news/ci_14257943
How Wall Street destroyed Detroit, California, Illinois, Nevada, Arizona, Florida, the poor, the middle class, the manufacturing sector, culture, Hollywood, the family farm, and what else ? These people are vampire. They need a big meteorite as bonus. Bloodsuckers. Everything they they transform in a corpses. Every clase of investment they touch they transform in toxix waste. Wall Street is the American version of Tchernobyl. Makes me think of that novel : American Psycho.
Good. That way that fucker Obama, will have to put his GI imperial killers in cities. At least the situation will now be clear. Facist state USA. Quite ironic indeed. 800 military bases worldwide but not enough budgets for a small town police.
What a country runned by assholes. I am sorry to say that. I find it sad for ordinary Americans. Get rid of the fascists imperialist from the CIA and the Pentagon. It’s not the USA we knew and we used to like. .
@Giuseppe Bagodonutti – the future is red.
@ ME
Wow. I would love a shot on that synth.
COOOOOOOOOL..
Now I only need the thing this guy talks about, a Time Warp Navigator..
http://www.youtube.com/watch?v=XH3aYVbILP4#t=2m6s
AntiCapitalists and Capitalists
http://www.financialsense.com/stormwatch/geo/pastanalysis/2010/0122.html
The frustrated ambition of a would-be genius is thus engaged. While free market capitalism treats everyone according to his or her contribution to the well-being of others, the thwarted mediocrity can always blame the system. According to Mises, “They sublimate their hatred into a philosophy, the philosophy of anti-capitalism, in order to render inaudible the inner voice that tells them that their failure is entirely their own fault.” They loathe capitalism because it has elevated people into positions they wanted to occupy. Mises wrote: “Such is the case with those people who are commonly called the intellectuals.”
I saw this bomb detector…and you would think you check this on a real bomb before you believe that fairy tail?
Pff.. I got help
http://www.youtube.com/watch?v=qPHovgouXvM
UN wrongly linked global warming to natural disasters
http://www.timesonline.co.uk/tol/news/environment/article7000063.ece
what a joke
Does Corporate Money Lead to Political Corruption?
“There is no evidence that stricter campaign finance rules reduce corruption or raise positive assessments of government,” said Kenneth Mayer, a professor of political science at the University of Wisconsin-Madison. “It seems like such an obvious relationship but it has proven impossible to prove.”
http://www.nytimes.com/2010/01/24/weekinreview/24kirkpatrick.html
Anybody that can help me get my subspace transmitter in line? http://www.youtube.com/watch?v=TxyuNJT0C5o
@Danny…
Italy already has stupid internet laws from a few years ago requiring bloggers to register with the local questatura
as newspapers…
The fact is, Italy is replete with unenforced laws…
For instance, if every law regarding taxation were enforced, people would have to pay 110%+ in TAXES
So, just becuz they put another law on the books, doesn’t mean anything will result…
Berlusconi moves to impose Internet regulation
http://tinyurl.com/yez6mbp
*******
SUNDAY VIDEO CLUB??
A quick demonstration in modern economics using 3 unequal ropes
http://www.youtube.com/watch?v=lA8vro7CFW8
Silver 1 kg now going at 490 Euro ..
with the posse-comitatus act pretty much gutted, and with police forces downsized, this opens a huge opportunity for the army to step in and assist in public order within the boundaries of america. the budget of the pentagon and armed forces are increasing, whilst the budgets for law enforcement are decreasing. i wonder where this will lead…?
The Girl Scouts are pimping for the US Military:
http://www.operationcookiejar.org/
Operation Cookie Jar?
Oks seriously off to Poker
Baalbek ruins, Ancient Nuke wars , Vedas on leaves,
Mohanjadaro Ruins Couple holding hands
The fact that Our revered architects cant replicate ta pyramids or the WTC 1&2 and do a test ( i’d contrabute 2K $ for that research )
Get of yer freakin High horse
ya aint the most advanced civilization that ever Existed
Puuuuuullllllleeeeezzzzzeeee
Darwinism here me middle finger
Hic
the wand thing is easily believed. anything for a buck. rumsfelts son in law?
Get of yer freakin High horse
ya aint the most advanced civilization that ever Existed
Puuuuuullllllleeeeezzzzzeeee
Darwinism here me middle finger
Hic
@max
There’s a phone-in debate on LBC radiio at the minute – some pompous chap talking hideous crap about the banks – I’d love to hear you take him to pieces:
http://www.lbc.co.uk/contact-james-max-3442
Please phone him!
3rd turd
lololololol
Hic
well we have been over policed for a long time. these people will be replaced soon by a friendly marine.
yessssss