Stacy Summary: All the laws passed during the national pandemic of fear are being used to protect the select few and to abuse the many. SEC was asked to treat AIG / NY Fed as matter of national security.
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ref. max keiser – Get 6 mo’s free storage
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Rick Ackerman-
- Karl Denninger – Market Ticker
- The Big Picture
- Mish
- David Morgan
- King World News
- SmartKnowledge
- GoldCore
fiat money and the french revolution
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crash banksters – Buy Silver & gold
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Gutten morgen!
If warfare is now fought in the financial system that makes some sense..
I always wonder whether it will someday be revealed european banks are behind fed behavior and the wholesale demolition of the US..That would not bode well for world peace.
First!
Where are the JFK autopsy results? National Security. Why won’t congress tell us who didn’t cash out on the put/call options on airlines on 911? National Security. Why aren’t the full details of Pat Tillmans death publicised? National Security.
Why doesn’t Max Keiser live in the US? National Security.
National Security can bite the back of my ball sack.
Damn you Mother Earth!
this should make things unpleasant for Timmeh and Bernanke
this years Davos is called
Improve the State of the World: Rethink, Redesign, Rebuild,
Will Davos be a damp squib?
http://tinyurl.com/ylgfcdj
2009: Second Warmest Year on Record; End of Warmest Decade
http://tinyurl.com/yhjn2jd
Legal staff ruled Blair’s war illegal
http://tinyurl.com/ye6bjmo
Democracy’s decline
A disturbing decline in global liberty prompts some hard thinking about what is needed for democracy to prevail
http://tinyurl.com/ygtbtrg
judging by the comments over the weekend peeps need to have a laugh
Wile E. Coyote gets the Bird…..
http://tinyurl.com/msjjmd
Charlie Brooker, Tim Key with a poem, The Week In Bullshit, Doug Stanhope – Voice Of America (in Fear)
http://tinyurl.com/yc4ocft
now playing at Sundance
Four Lions: How satirist Chris Morris fixed his eye on ideology and bombers
http://tinyurl.com/ygh2jng
Isn’t it better to fight a war in the Forex markets than on the battle field?
In the US, nepotism and favouritism are a matter of national security.
The press never speaks of it, and you don’t see it on the US web.
The end product is this:
America’s private net worth was $53.4 trillion as of September, 2009. But at the same time, America’s debt and unfunded liabilities totaled at least $120,000,000,000,000.00 ($120 trillion), or 225% of the citizens’ net worth.
Even if the government expropriated every dollar of private wealth in the nation, it would still have a deficit of $66,600,000,000,000.00 ($66.6 trillion), equal to $214,286.00 for every man, woman and child in America and roughly 500% of GDP.
If the government does not directly seize the nation’s private wealth, then it will require $389,610 from each and every citizen to balance the country’s books.
State, county and municipal debts and deficits are additional, already elephantine in many states (e.g., California, Illinois, New Jersey and New York) and growing at an alarming rate nationwide.
In addition to the federal government, dozens of states are already bankrupt and sinking deeper into the morass every day.
2010: Giant Gathering Storm Clouds
http://www.financialsense.com/fsu/editorials/willie/2010/0106.html
Jim willie touches on the role of IMF
http://www.kingworldnews.com/kingworldnews/Broadcast_Gold+/Entries/2009/10/16_Jim_Willie_-_Part_IV.html
It’s all your fault. As I recall they all have a part in the drama; China, Japan, Europe and the USA. The main culprit are the people from Wall Street and the City. As for the rest of Europe they followed like sheep even though they knew better. Very funny this National Security argument. When you want to screw and gang rape the taxpayer you just have to say:”Sorry National Security!” And voilà ! No questions asked ! AIG is a lot like the War on Terrorism. As long as you can put a patriotic spin on your stealing, politicians will stang down. Not difficult considering they are bought by these same banksters.
Why are Americans never my customers?
National security.
Why can’t I accept USD payments?
National security.
Why would I prefer to avoid contacts with Americans the world over, including living in an Ocean that does not even border the US in any way? National security.
Why has the Leviathan of the US state ceased to exist, lo these many years? National security.
Why has practically no good come to Australia or NZ from their ties to the US since the late 1990s? National security.
@Max Power
The same can be said of Russia too. When you hear these words “National Security”, You know that you will have to deal with crazy or corrupt people. So true.
financial terrorists!
Bin Ladin is a saint compared to these thugs!
off topic; blue gold world water wars: http://www.tudou.com/programs/view/S7WmfhQpsk4/ Although we can extract enough from oceans, just takes will power (stop spending trillions on banksters/indict banksters, stop wasteful wars etc.) It’s just like food, we can grow more than enough healthy/nutritious food which can feed the world many times over yet in some parts of the world there’s no food production (anymore, imf/worldbank/bis policies/corporate plundering/new age colonialism etc) while in other parts there’s an abundance of unhealthy, modified, addicting products (for example 50% of all vegetables here in Holland is thrown away before even reaching stores/restaurants due to “wrong proportions/looks” nothing wrong with nutritious value). Tip for stacy; instead of collecting free sugar bags start collecting water? peak water, peak oil, peak credit let’s hope peak ignorance and idiocy too. BTW this is not a doomsday theory, everything can be (easily) solved just requires people/will/consumer power that leads to a new technological revolution; not calling for taxes/depopulation etc. http://www.worldwatercouncil.org/index.php?id=25 From water to wars to copyright cartel to oil and climate change: everything leads back to banksters, but as long the people don’t know about the problems they can’t see the need for solutions
On AIG/NY fed back room deals to kept secret as national security; obama himself signed the executive order for the bonuses and the money went to a lot of politicians/insiders themselves. If SEC says the banks/institutions are too big to fail then prosecute, the FED is not auditable nor are any of the imaginary bets/insurance/balance sheets of banks, Need some reason to keep people distracted/inject useless talking points. It’s obvious the biggest robbery by fraud took place where the banks/governments/supervisors/rating agencies/media all colluded for their own interest/benefit/profit, maybe if it was mentioned in avatar the sheople would know/realise but even this show keeps dreaming about how obama is working for the people’s interest and is just misguided or how great volcker is. At least better than the braindead people who still defend bush without any arguments.
Smartest Dogs: Moscow Stray Dogs
short http://tinyurl.com/ye7tpg5
long http://tinyurl.com/yen4j4d
don’t get arrested in Russia
One-Third of Russian Militiamen Psychopaths or Alcoholics
http://tinyurl.com/ybcrv5a
This fiction work is up to segment 20:
http://johngaltfla.com/blog3/category/the-day-the-dollar-died-series/
Are the Muppets conservatives?
http://tinyurl.com/yzfk344
Charts and graphs needed:
The FOREX rates for the
AUDUSD
CADUSD
CHFUSD
NZDUSD
During the US presidential speech on WED.
Sydney and Singapore will be open, as well as Tokyo and Delhi …
It is important to visually see Asia’s opinion of the USD during these times.
US Assets and Liabilities:
Interesting. At the end of the day the PHYSICAL and CULTURAL assets are the only real thing. And of course the ability to protect them against the barbarians. The money games will swirl themselves at varying rates down the proverbial toilet. The real assets remain. Along with the ability to defend them. And the real assets – fresh water, energy, brainpower etc – well they are unmatched anywhere else in the world. How the assets are distributed may ofcourse be a bone of contention as the financial system totally unravels. But the real assets of this here country – would’nt trade them for no chayneyese or youropeeeen ones – noway – nohow.
It is a sad commentary on the times that the “markets” are the only remaining semi-credible source for world opinion. No one believes or trusts “words” emanating from politician’s pieholes at all anymore. Zero credibility to words. Complete and total corruption and breakdown of trust/culture/civilization.
So – yes – great we’ll all watch the so called currency markets to tell us if the SOTU speech was a success or not!!
I listened to Obama’s speech over the week-end interestingly enough he said that “we could dig ourselfs out of this digging hole”, funny I thought the standard way to get out of a hole was to stop digging.
All this huffin’ and puffin’ about the banks, Obama is just going to up the cost of bribing him.
@David
He must mean digging deeper down to end up in China..
UK’s ex-science chief predicts century of ‘resource’ wars
http://tinyurl.com/ah22ev
“Information”!,..a warfare strategy,..who’d have thought ; )
http://www.iwar.org.uk/iwar/resources/airchronicles/szfran.htm
he Heh – Of course – knowing that the currency markets are the last thread of semi-credible information – no doubt they will be heavily manipulated to paint a positive picture.
Soon the so called markets will also achieve the exhalted ZERO- CRED status. Then we can all engage in knife fights in the food aisles of the wllmarts for the last remaining can of expired tuna ( exported from Thailand).
Switchbaldes and Smith&Wessons will retain CREDIBILITY when all other sources have ZERO.
——————–
Interesting. At the end of the day the PHYSICAL and CULTURAL assets are the only real thing. And of course the ability to protect them against the barbarians.
——————–
There is the INTELLECT of a nation, and the US here is nearly bankrupt.
The current state of the US finance system should be sending the entire ‘Creative Class’ fleeing.
Without intellect and intellectual will — a nation can grind itself (or be ground) to dust.
as long as there’s the wars on drugs and terror nothing else matters. she’s 24/7 with wolf and the boy’s. they can do it in your face now. all prosecuters and judges are bought. the public is apathetic. there’s 100 people here. i like to know but were still helpless fucks.
Walmart to cut 11,200 jobs …
http://www.reuters.com/article/idUSTRE60N1OF20100125
“The current state of the US finance system should be sending the entire ‘Creative Class’ fleeing.”
Fleeing to where.? There aint no “Pandora” out there where red-blooded all American males can show up due to disgust at the corruption in their own state – and will within weeks get the top-quality local chick and fly the dreaded Red Dragon – and be treated like gods.
No place like that – is there?
Things you just have to assume will happen will take place with the US finance system….
1. At least 99% of private pensions, and 96% of public pensions will collapse.
2. Social Security and all forms of Medicare will collapse.
3. US governmental defaults at all levels, from dog catching districts to the federal state.
4. At least a 99% devaluation of the USD, with this happening maybe more than once.
5. A good dose of hyperinflation that will endure far longer than the Weimar hyperinflation.
6. US military funding to go to nil, as there is no money to pay for it.
[...]
Got some propoganda in my email………
Saturday evening on his Geraldo At Large program anchored from Haiti and aired on FNS, Geraldo Rivera and his brother Craig reported on an Israeli Defense Forces ( IDF) field hospital operating in Haiti. Within 24 hours of the earthquake the IDF had arrived in Haiti and built their field hospital (16 hours flying and 8 hours building). They have a full operating theater, a pediatric ICU, an Obstetrics facility and about 100 beds, all set up in a tent. The unit is staffed by about 40 IDF doctors. They are saving lives by preventing infection in neglected wounds and by operating when necessary. The IDF unit is complemented by a ZAKA unit, the folks who clean up human remains after bombings and provide for compassionate burial. It is worth noting that ZAKA are primarily orthodox Jews who violated the Sabbath in order to get to Haiti quickly. Jewish law says saving lives takes precedence over the Sabbath.
There has been a general lack of publicity for this effort
Please view this video from CNN. The reporter discovers, to her amazement, that Israel responded to the earthquake devastation in Haiti from “the other side of the world” with the most advanced field hospital installation possible. She marvels that the U.S., so much closer to Haiti, hasn’t done the same. Viewing this video will make you very proud of Israel’s accomplishments.
You may have to hit ctrl and click in order for the link to be activated.
The world needs to learn a great lesson from Israel!
CNN Video: http://www.cnn.com/video/data/2.0/video/world/2010/01/18/dnt.cohen.haiti.patients.dying.cnn.html
Please forward it on to everyone!
SEC order helps maintain AIG bailout mystery until November 25, 2018 http://tinyurl.com/y8dtgt6
SEC protecting AIG secrets Vid
http://www.youtube.com/watch?v=fR2iDhM5IxQ
heres some funnies….
***** Husband V/S Wife *****
******************************
Husband: Do you know the meaning of WIFE?It means, Without Information, Fighting Everytime!
Wife: No darling, it means, With Idiot For Ever
**************************************
Wife: I wish I was a newspaper,So I’d be in your hands all day.
Husband: I too wish that you were a newspaper, So I could have a new one everyday
**************************************
Doctor: Your husband needs rest and peace. Here are some sleepingpills.
Wife: When must I give them to him?
Doctor: They are for you
**************************************
Wife: I had to marry you to find out how stupid you are.
Husband: You should have known it the minute I asked you to marry me.
**************************************
Husband: Today is Sunday & I have to enjoy it. So I bought 3 movie tickets.
Wife: Why Three?
Husband: For you and your parents
**************************************
Wife: What will you give me if I climb the great Mount Everest?
Husband: A lovely Push…!!
“1. At least 99% of private pensions, and 96% of public pensions will collapse.
2. Social Security and all forms of Medicare will collapse.”
yeah a few years from now I can just see some old geezer waving a yellowing piece of paper and bellowing that he is entitled to x y and z- until some young punk in jackboots escorts him away to the Freedom Facility For the Perpetually Young.- at the point of a bayoney if necessary.
Bank of Japan Said to Be Open to Expanding Loans, Bond Buying http://tinyurl.com/ykned7j
No place to work. Even at Wal Mart. Stop calling it a recession. Could you at least call it by it’s real name; A DEPRESSION.
DEPRESSION. A recession is when your neigthbor loses his job, a depression is when it’s you who loses your job. I think we are there. Wonder what the bastards at the BLS do to hide even the fact that pisss poor paying jobs are also themselves dissapearing in paradise USA.
happy Burns Night y’all
A Man’s A Man For A’ That
Is there for honest Poverty
That hings his head, an’ a’ that;
The coward slave-we pass him by,
We dare be poor for a’ that!
For a’ that, an’ a’ that.
Our toils obscure an’ a’ that,
The rank is but the guinea’s stamp,
The Man’s the gowd for a’ that.
What though on hamely fare we dine,
Wear hoddin grey, an’ a that;
Gie fools their silks, and knaves their wine;
A Man’s a Man for a’ that:
For a’ that, and a’ that,
Their tinsel show, an’ a’ that;
The honest man, tho’ e’er sae poor,
Is king o’ men for a’ that.
Ye see yon birkie, ca’d a lord,
Wha struts, an’ stares, an’ a’ that;
Tho’ hundreds worship at his word,
He’s but a coof for a’ that:
For a’ that, an’ a’ that,
His ribband, star, an’ a’ that:
The man o’ independent mind
He looks an’ laughs at a’ that.
A prince can mak a belted knight,
A marquis, duke, an’ a’ that;
But an honest man’s abon his might,
Gude faith, he maunna fa’ that!
For a’ that, an’ a’ that,
Their dignities an’ a’ that;
The pith o’ sense, an’ pride o’ worth,
Are higher rank than a’ that.
Then let us pray that come it may,
(As come it will for a’ that,)
That Sense and Worth, o’er a’ the earth,
Shall bear the gree, an’ a’ that.
For a’ that, an’ a’ that,
It’s coming yet for a’ that,
That Man to Man, the world o’er,
Shall brothers be for a’ that.
China Bubble Risks May Be Masked, World Bank Says http://tinyurl.com/yd9cyys
———–
“The current state of the US finance system should be sending the entire ‘Creative Class’ fleeing.”
Fleeing to where.? There aint no “Pandora” out there where red-blooded all American males can show up due to disgust at the corruption in their own state – and will within weeks get the top-quality local chick and fly the dreaded Red Dragon – and be treated like gods.
No place like that – is there?
———–
There is practically no US creative class, it is all people with non-US passports in a 99:1 ratio or some such number.
This is as much about non-Americans fleeing a collapsing state as anything else.
Americans are outwitted by mere doorknobs, and so we have the current situation…
The person that wrote the ‘Creative Class’ book now lives in Toronto for whatever that is worth.
@ California Doctor – Thanks for the Bartlett lecture. I didn’t know too much about coal reserves, so that part of it was new to me. I watched the rest of his presentation; it’s definitely compelling. If we were responsible, we’d use the fact of overpopulation and resource depletion as yet another reason why schools should ditch their failed abstinence-only bullshit and teach comprehensive sex education.
Neener, neener, neener. Halliburton 4Q profit down 48%.
China’s First Eastern set to launch Dubai fund (Scroll up for more) http://tinyurl.com/ydyn9g2
@Aspadistra
If history is to teach us somthing, then it is that the powers rather plow over crops and hide surplusses to keep the prices up than free the creative reserves to solve the problems for the majority.
With wolves and bears returning to cities as the defaults create large slums the US may be inching closer to Pandora stat than they think.
Tip: Stop honouring the dollar and start an intentional community..You’ll be watching the mahem from behind bullit proof glass..
“Be Careful What You Wish
Everyone is railing about banks not lending and the bonus pools at Goldman Sachs, JPMorgan, and Morgan Stanley. Well guess what?
Reduced leverage means reduced lending and reduced profit potential.
Marking loans to market would reduce lending and reported earnings.
Goldman Sachs going private would reduce S&P 500 earnings.
Bringing assets on to the balance sheets of banks would reduce S&P 500 earnings.
Reduced earnings (in the long run) means lower share prices
Everyone wants more small business lending and less risk. Sorry folks, that is physically and logically impossible. Reducing reckless risk, especially risk born by others (taxpayers) is a good idea, but it’s important to understand exactly what that will mean to earnings going forward.
Think of the affect lower share prices and reduced risk taking will have on pension plans and 401Ks. In the long run, less risk is a good thing, and I am in favor of it. I just doubt people are prepared for what it means.
The stock market is already insanely overvalued, and the regulatory actions everyone is clamoring for will make it even more so. Good luck with that.”
Mike “Mish” Shedlock
http://philsbackupsite.wordpress.com/2010/01/21/glass-steagall-be-careful-what-you-wish/
The Plan: (Obama as proxy puppet is ‘listening’ to the G30)
http://www.group30.org/pubs/recommendations.pdf
@Snoot
“Reduced leverage means reduced lending and reduced profit potential.”. It also means deflation and reduced prices, which is what is needed.
What is the hard limit you see to price reductions in industry? Who has the stiff arm?
http://www.irinnews.org/Report.aspx?ReportId=74738
“Civil society organisations in Niger and academics in the USA and UK agree that the people of Niger have not benefited from the 100,000 tonnes of uranium extracted over the past 36 years.
Niger is the world’s third to fifth-ranking producer of uranium, producing over 3,000 tonnes of uranium a year. However, the UN Development Programme’s 2006 Human Development Index considers Niger the poorest country in the world, where life expectancy is 45 years old, 71 percent of adults cannot read, and 60 percent of the population lives on less than $1 a day.
“The Nigerien people aren’t benefiting from the revenues,” said Ali Idrissa, coordinator of the Niger branch of Publish What You Pay, a worldwide coalition of non-governmental organisations (NGOs) calling on oil, gas and mining companies to disclose their payments to governments for the extraction of natural resources.
The government of Niger’s share of the uranium revenue is small: foreign companies have a majority stake in the two uranium production companies, SOMAÏR and COMINAK, which are operated and mostly owned by Areva, a French multinational company and global mining giant.
An expert records radiation readings at Shinkolobwe uranium mine in the Democratic Republic of Congo. The mine collapsed in July 2004 killing 9 people
In July, the government renegotiated the price of its uranium, increasing the per kilogramme royalty to 40,000 CFA francs (US$86) for 2007. Still, under the terms of a decades-old agreement, the two production companies are only required to pay 5.5 percent of revenues to the government. In 2006, that totalled just 10 billion CFA francs (US$22 million), according to the Ministry of Mining and Energy.”
http://allafrica.com/stories/201001140880.html
@ME:
Why ask me? You indicated that ‘logic wasn’t my style’. Are you waiting to be amused: because I’ll keep you waiting.
http://www.france24.com/en/20090327-sarkozy-niger-back-arevas-unranium-deal-with-niamey-african-tour-dr-congo-talks
http://www.reuters.com/article/idUSTRE5BH1SQ20091218
http://www.nei.org/resourcesandstats/documentlibrary/publications/nuclearenergyinsight/chinas-pre-copenhagen-climate-nuclear-goals-coincide/
http://news.bbc.co.uk/2/hi/middle_east/7469283.stm
NOAA Scientist Finds Clue to Predicting Solar Flares, 19 January 2010, (NOAA) http://www.noaanews.noaa.gov/stories2010/20100119_solarflare.html
See Also: Very Nice Sunspot Website: http://www.solarcycle24.com/
http://www.france24.com/en/20090327-africa-areva-congolese-uranium-attracts-french-interest-lauvergeon-niger-dr-congo
http://www.upi.com/Science_News/Resource-Wars/2009/05/18/Analysis-Russia-wins-Mongolian-uranium-mining-concessions/UPI-84271242688804/
The future is in nuclear energy it seems. What a racket! Deny others the rights to their uranium via a treaty then colonize the world energy resource through Copenhagen mandates and through sanctions against those who bid otherwise.
OT, this is an interesting comparison:
Glass-Steagall vs. the Volcker Rule
http://economix.blogs.nytimes.com/2010/01/22/glass-steagall-vs-the-volcker-rule/
@Snoot
Not at all, I”m asking for an opinion, not an deduction..Seriously, there has to be sombody in the supply chain that has a price limit, and I’m wondering what you think that would mean for overal freedom of price reduction in a non leveraged economy..
@Guiseppi:
Is this the John Kaiser you wanted Max to interview? He doesn’t seem to be ‘behind the curve’, you are right: he’s sharp. Here’s his investment strategy:
” I’ve actually created an index of about 14 companies in that space. One in which I have a personal investment is Quest Uranium Corporation (TSX-V:QUC). They’ve done sufficient drilling at their Strange Lake deposit in northern Quebec this past summer to outline a very significant deposit. It’s world-class in size, reasonable grade, and has a full distribution of all the rare earths metals, from lights to heavies. I suspect perhaps even a consortium of end users will end up acquiring this project and developing it almost like a private rare earths warehouse.
TER: Any others?
JK: Rare Element Resources Ltd. (TSX.V:RES) has the Bear Lodge deposit in Wyoming and Ucore Uranium (UCU:TSX.V) has the Bokan deposit near Ketchikan in Alaska. They’re not huge in the sense that the Strange Lake deposit is. Bear Lodge is a fairly good grade light rare earths deposit and the Bokan project is more dominated by the heavy rare earths. The USGS actually spent a bunch of money documenting the nature of the Bokan deposit in the late ’80s when we were still concerned about where the Soviet Union was going with its policies.
Both Bear Lodge and Bokan are very interesting because the U.S. government is now investigating its own security of supply for the rare earths through the RESTART bill. The military in particular—which spends a good portion of its $600 billion annual budget on hardware—has awakened to the fact that some functionality of its critical hardware depends on rare earths inputs that now come only from China. Some consortium of defense contractors could end up taking over these projects and developing them as small-scale mines. They’d use government funded R&D to figure out process technology for getting these elements out of the mineral assemblages within which they are embedded, and probably share that technology with the private sector so other deposits can be developed to ensure the commercial market also has a supply as well from other rare earth deposits outside of China.
TER: Except for Rare Element Resources, the companies you mentioned are obviously involved in uranium as well as rare earths. What’s your outlook for uranium?
JK: Quest and Ucore both started as uranium exploration juniors. Because rare earth deposits can occur in geological settings conducive for uranium deposits, it is natural for open-minded geologists to recognize the rare earth potential of certain projects. Both companies have now shifted their focus to rare earths. I think the uranium sector will make a comeback in 2010. Uranium prices went way up in the past five years because it is very difficult to get new uranium supply on stream and we had a temporary spot market shortage. We now see uranium in the $40 to $50 range and it might increase $10 to $20 or so longer-term.
The hope is that the Obama administration warms up to the idea that nuclear energy is an excellent carbon-free source of electricity. The Chinese have lots of uranium-based nuclear power reactors on the drawing board, but they are also looking at thorium, another candidate for nuclear energy but without the weapons-making capability. I don’t see demand for uranium going through the roof the way it can for the rare earths. The difference between uranium and the rare earths sectors is uranium essentially has two uses. One is to make nuclear weapons, and we really don’t want demand to go up there. The other is for nuclear power, and that demand can be quantified quite well in advance.”
http://oakshirefinancial.com/2010/01/20/john-kaiser-balancing-security-of-supply-worries-with-optimism-on-the-rd-front/
@MotherEarth:
The securitization crisis is being completely ignored. The regulations are being applied unfairly. The US job market is being, once again, manipulated by those who don’t give diddly about the American people.
The limit? Let’s publish who is funding the G30 and I’d love to talk limits.
A perv from the high ruling classes,
said “We need to look up peoples’ asses!”
“They will ask for these tools,
because they’re such fools,
when we turn up the fear on the masses.”
At the airport you take off your clothes,
from the top of you head to your toes,
Guards look at your crotch
and their friends steal your watch,
while another takes pics of your hose.
@Snoot
Not political limits, but real limits, that only depends on your understanding of real prices..I mean a farmer can not work if he can’t buy fuel or fertilizer, or a fertilizer producer can’t produce if he can’t buy oil (unless he/she uses wind)..those limits…Does that connect? Just curious..
http://www.lewrockwell.com/orig6/faber7.1.1.html
Faber Beans…
@GM
You know… Robert Burns… accepted a job on a slave plantation… but just before he was to go and work in the West Indies he had one of his poems published… LUCKY Hey???
http://tinyurl.com/2hhtrk
Robert Burns: Socialist hero or just a Scottish social climber?
http://tinyurl.com/y9s5mjd
Does that connect?
The monopoly interests are making ‘real farming’ impossible, ME. ‘
I’m not a toaster: you can’t just ‘plug me in’. If you have something to say: out with it.
http://www.poststar.com/news/local/article_d16def4a-0893-11df-abc5-001cc4c002e0.html
Obama backs billions to expand nuclear power.
@Snoot
Damn, I was just sitting ready with the butter and jam!
Maybe I should ask a question you can answer using the term ‘Basel II’ or SDR just to put you at ease
I’m never ‘at ease’ around criminal bankster, ME. The nasties tried to sell me a subprime loan on my house. Luckily, I declined.
Crumpetmuncher might have some butter.
Look who lobbied for the Obama nuclear coup, ME:
“We don’t believe that nuclear energy is the answer, but as you look at needs for clean energy and the need to protect the environment, there isn’t a solution without nuclear,” Areva spokesman Jarret Adams said.”
France is highly invested in nuclear.
http://www.areva.com/
fs–The future is in nuclear energy it seems. What a racket!
I am friends with a nuclear physicist, he has been redesigning specifications on power plants in preparation for a massive resumption in new power plant production here in the states.
@Snoot
France has its own Uranium mines. Sadly for the morons pushing nuclear they will run out of domestic fuel supplies in 2013. The jig is up and we are at the hands of transition saboteurs thanks to the bankers that provide them with credit..
@Mother … France & Uranium / Nuclear Enegry
I watched an excellent French Documentary a few days ago ( German dubbing ) which showed that there are WW currently 450 Nuclear waste dumps, mainly in the US, France , UK , Russia & India.
These “dumps” are holding the waste in “water tanks” … as a temporary measure until they decide what to do with it.
In France, they are experimenting with tunnels ca. 500 meters deep, on the basis that the waste will become harmless after ca. 200,000 years.
In Russia, some of the waste is simply in drums standing in open-air silos which will be covered when full .
They mentioned how easy it would be for terrorists to cause a new Chernobyl, but at least 4x larger !
FWIW
PS:
Nuclear Energy is a farce IMO !
Sun, Wind ,Waves and Thermal is IMO the solution.
PS@@Mother … France & Uranium / Nuclear Enegry
On France, they mentioned in particular that the “elitist” system in French Govt. positions means that ca. 20 French engineers ( by profession) have the last word on Nuclear E., and politicians are at their mercy.
My friend, mentioned the nuclear material , the fuel is being redesigned also, a safer product, safe enough that terrorists will supposedly be unable to mess with public safety. There is a major change in the nuclear energy policy about to hit America. Seems from the posts here, it’s about to engage. I have read that by 2023 this entire changeover should be in place. fwiw
@SG
indeed and Burns was a tax man as well. I think that his heart was with the French revolution of Liberty, Egality and Fraternity. A man’s a man for all that is the best example.
anyway back to cooking ma Clootie Dumpling…
@Phil
Its the wrong road, consumes massive amounts of capital and time. Much smarter to build solar power plants..
Re: Chavez and HAARP
Wayne Madson:
“Venezuelan leader never accused U.S. of launching an earthquake weapon against Haiti. Chavez was erroneously connected to a story on the Internet penned by “Sorcha Faal,” a notorious Internet hoaxer whose is also known as David Booth. Booth/Faal normally claims to be funneling information from Russian government sources.”
http://mrzine.monthlyreview.org/2010/media250110.html
ME:
What about thorium?
http://www.wired.com/magazine/2009/12/ff_new_nukes/
@GM
have a good night!!!
, A Man’s a Man for a’ That, has what sounds uncomfortably like a sneering reference to slaves. “The coward slave, we pass him by; We dare be poor for a’ that!” he wrote, as if implying that those who buckled under and accepted their condition as slaves deserved no better.
@Y’All
I’m my own ipod… uhh ahhh … shhukkaa, dunnn dunnn, ooh ahhhh!!!
Airto – Tribute to Miles
http://www.youtube.com/watch?v=oQ31rvJKMQ8
@Stacy
Max and Steve Keen’s interview on BBC 24th January
http://www.archive.org/details/MaxKeiserAndSteveKeenInterviewOnBbc5live24Jan2010
Announcing version 1 of my Banker’s Bonuses project – an interactive narrative:
http://davemiller.org/projects/bonuses/
Would really appreciate your feedback, to help me take it further forward
thanks, dave
http://themessthatgreenspanmade.blogspot.com/2010/01/cry-for-argentinas-central-bank-chief.html
National Secerutiy?????
ME:
-At no point in the thorium cycle – from mining to waste – can fuel or waste products be used as bomb material in any way;
-The thorium fuel cycle is inherently incapable of causing a meltdown according to the laws of physics; in nuclear reactor parlance, the fuel is said to contain passive safety features;
-Thorium-based fuels do not require conversion or enrichment – two essential phases of the uranium fuel cycle that are exceedingly expensive, and create proliferation risk;
-Thorium fuel cycle waste material consists mostly of 233-uranium, which can be recycled as fuel (with minor actinide content decreased 90-100%, and with plutonium content eliminated entirely);
-Thorium-based fuels are significantly energy efficient;
-Thorium fuel cycle waste material is radiotoxic for tens of years, as opposed to the thousands of years with today’s standard radioactive waste;
-Thorium fuel designs exist today that can be used in all existing nuclear reactors;
-Thorium exists in greater abundance and higher concentrations than uranium making it much less expensive and environmentally-unobtrusive to mine;
http://www.ensec.org/index.php?option=com_content&view=article&id=187:thorium-as-a-secure-nuclear-fuel-alternative&catid=94:0409content&Itemid=342
More on Thorium
http://en.wikipedia.org/wiki/Thorium
bbl
http://pesn.com/2009/06/04/9501548_Thorium_Energy_Independence_and_Security_Act_of_2009/
May I make a few observations about this discussion of energy sources?
It seems rather delusional to have a discussion of energy sources when the underlying issue is the population size being supported.
When electrical energy is created, it is transmitted via wires from the source to the destination facility.
Does it really make sense to transmit massive amounts of electrical energy via wires strung out over hundreds of miles?
The entire electrical energy distribution system is really a real estate issue. You have to get right of way set aside for the high voltage transmission lines across multiple jurisdictions. Those rights of way include many “payments” to local politicians, groups, and others.
In California a “Sempra Angel” was selling herself to Assemblyman Mike Duvall. The hapless Republican Assemblyman was caught on microphone bragging about how he was sleeping around on his wife with the blonde “Sempra Angel” lobbyist. His graphic description was broadcast via the internet to his district in the “conservative” county of Orange.
If executives at Sempra Energy are willing to pay the “Sempra Angel” lobbyists for time with the politicians, who protects the people from these executives at Sempra when they decide to BLOCK renewable and sustainable energy from being used or purchased by the homeowner.
Why should we be paying the gas and electric companies money every month and be subjected to continuing inflation of their pricing structure?
Then, I did a calculation on what my daily use of energy was.
Do you know your power use per day?
I bet you don’t.
It was easy, but a tedious process to calculate my energy consumption per day.
My belief is that the energy numbers are likely to be similar to many other consumers in California. Do you know your daily use of electricity, natural gas, and gasoline?
If not, you have no business telling me what sources of fuel are most efficient for me.
So, I challenge you all to post your numbers.
@CalDoc. now that you have these numbers what will you do with them. my numbers are in my face monthly. what is the fucking point you are making. hello snoot.
@heh,ronron
I thought it was interesting that the NPT is being used to monopolize resource control (imho) and not as a transcript for peace: and I wonder if thorium development as nuclear fuel is being depressed.
I’m not trying to tell anyone what energy to use. It would seem that agenda has been cornered by the nuclear five.
Its good someone is writing about the very misuse of power created by the ones benefiting from thier corrupt laws.
about areva. i think they business wont go so smooth as usual, if i remember right they just lost competition about new plants to somewhere to asia to other company..—>
http://www.bloomberg.com/apps/news?pid=20601080&sid=aBkTWclXgSx0
( but then go usa, heheh ? )
And second, areva has been building finlands latest nuclear power plant since 2005, and it’s not ready yet! ( 1. schedule ready 2009, now it looks i will go more forward 2012-2013 ..)
and there is been all the time some problems from begin about safety etc…
And price of plant will go so high… here some diagram
http://blogi.greenpeace-online.net/wp-content/2009/10/clipboard01.gif
HINTA – price ( blue)
RAKENNUSAIKA – building time /year ( red)
and some info in english
http://www.olkiluoto.info/en/
tiina:
Areva is a French company.
The US Defense Department is going to look at American owned and operated rare earth resources first. At the moment this would be Molycorp and US Rare Earths, which are both private. There is a very real debate going on in Washington over whether RESTART shoud be made applicable to non-American owned resources. The issue isn’t so much national security as political common sense. If taxpayer money is to be used to create jobs and profits the legislators have learned, the hard way, that this is best done with domestic investments.
My parents were raised in Canada, and I am a supporter of both Great Western Minerals Group and Avalon Rare Metals, both of which are listed and well along towards development. But national governments don’t like to invest in foreign resource development.
Post your numbers or shut up Ronron
@fsnoot – It’s not about YOU snoot.
get over it.
@ jon -
Research Nikola Tesla’s interactions with Thomas Edison.
Edison developed DC electrical circuits and technology.
Tesla was the person who developed AC circuits which are responsible for electrical power distribution by Sempra and other electrical energy suppliers.
The fact that ronron and fsnoot want to make it a personality contest is more a reflection of their propaganda techniques than the reality of what is occuring.
” It’s not about YOU snoot.
get over it.”
“So, I challenge you all to post your numbers.”
I assumed that my numbers were being called, CaliDoc, due to your rather endearing sentence. I didn’t think it was ‘about me’: I was curious why we haven’t heard about thorium seeing as it seems to be the most plausible answer to the Copenhagen question.
The distribution of electrical power to your home or business is ONLY due to your dependence on the local power utility company GENERATING the electricity.
If you had purchased a framework to GENERATE the electricity yourself, you would not need to BUY THEIR power.
You should be able to GENERATE YOUR own power and SELL your excess to others if you do not need it.
Propoganda?! From Snoot!? What an odd declaration.
Ronron, don’t let bullies keep you from posting here.
@fsnoot –
Do you know how much energy you consume per day?
If not, how could you be so bold as to assume that you know the proper source of energy for the western world?
It seems rather delusional to have a discussion of energy sources when the underlying issue is the population size being supported.
The development of thorium reactors would make the NPT treaty obsolete for uranium, right? It would release Iran and other nations from the hegemony of the nuclear five.
I know I’m not going to use my personal energy replying to someone who is so rude to me, Mr. CalDoc. I like to conserve.
@fsnoot – the only bully is the person who asks what the “fucking point” is when a simple read of the original posting shows.
Typical for your propaganda technique, you continue to make the identity of the person the issue, instead of staying focused on the TOPIC.
But, the TOPIC is bothering you isn’t it?
That is why you try to move OFF-topic so readily.
How much energy do you consume per day?
In case anyone is interested, here is a blog link for discussion concerning thorium reactors:
http://thoriumenergy.blogspot.com/
And here’s someone with expert knowledge on the subject:
http://www.indianexpress.com/news/Thorium-based-energy-our-next-challenge–Kakodkar/564880
@y’all -
Stacy posts a comment about AIG and the New York Federal Reserve Bank requesting a “national security” designation in the last few DAYS of the Bush-43 administration.
Instead of there being a discussion on the political and legal implications of a Timothy Geithner lead cover-up of felony crime in Manhattan, “fsnoot” posts information on Thorium?
Does anyone else see “cognitive dissonance” between Geithner attempting to get a national cover-up started and now being Treasury Secretary?
This is the news people…not some red-herring or straw-man of thorium.
The question is the corruption and misuse of money by the authorities and huge corporations to mainly if only benefit themselves.
@ Bill Stewart –
Your comments about the GDP run up by BOTH political parties and then covered up by the “national security” apparatus matches my analysis.
Thank you for posting your numbers because it just further reinforces the fact that we citizens need to be on the watch for political operatives who are posting on boards to dissuade the conversation and PREVENT the dissemination of good information.
calif. doc, it is interesting seeing how the authorities are trying to yet again weasel out of lies they’ve told. Such as the geitner half truths about aig.
When the authorities run out of excuses they use the national securtiy bull craap.
i love this new angle they’re using with trying to keep the henchman bernake in charge by saying they’ll make the markets crash if the congress doesn’t keep bernake. Another threat to us. I think these banksters need some court dates.
@CalDoc;
The first person that went off topic was Gonzomarx, then DanValley, etc.
What you call a red herring is an item of extreme interest to experts:
“Anil Kakodkar, former chairman of the Atomic Energy Commission, on Thursday said the development of thorium-based energy would be the next challenge before the country to meet its growing power requirement”
You should not single out people for personal attack based on your own ill-informed ideas: it is not becoming for a medical professional to act is such a crass manner.
That is, if you ARE a medical professional.
@Stacey:
I’m sorry if I drifted off topic. Perhaps you and Max might find the subject of thorium development of interest for a future show?
@jon – I have ZERO confidence in the court system to carry out justice. The courts are so bought out that its really another political body. When local jurisdictions converted to elected bench positions, it permits certain corporations to fund certain judges.
You can figure out the rest.
Therefore, my view is that the “move your money’ group is right.
We need to cash out and say adios to the banks we hate the most. Just don’t do business with Goldman Sachs at all. If the company you day trade goes through Goldman, you are fueling Goldman.
If the insurance company goes through Goldman or AIG, then you’re fueling them with your premium.
Decoupling is hard.
to stay on track. The banksters must be shut down.
@fsnoot – I have no doubt about my credentials. I also have no doubt about yours.
calif. doc, yep, the courts have pretty much like the politicans been bought off to side with the banksters or huge corporations.
YOU see people arguing on the boob tube that the banksters might be doing something wrong. But never the judiciary system. Were never to talk about how bought off the judiciary system in the usa is.
@snoot @ @CalDoc – this is a jibber jabber thread, so, while I did propose a topic for conversation, the thread is open to any topic . . .
stacy, thanks, in that case I just want to say its cold up here in montana.
Tired talking about geithner, he is toast, finished, history …
Green energy sure sounds wonderful, I priced out 2 windmills and an array of solar panels with conversion assembly. the payback is greater than 8 hears. Not a good investment from my end. Green is not gonna fly for the masses, unless some new silicon conversion technology cuts the cash outlay by 50 to 60% imo.
@Jon-
The bailout of AIG does look to have been required because AIG had their fingers in so many pies.
The real question is why there is not a more formal indictment process being brought to bear by the Obama Administration on the individuals who abuse administrative privilege in these fashions.
These same administrative abuses were present in Nazi Germany prior to the holocaust. Individuals who are long-winded in claiming “never again” should really be concerned.
All Americans should be keeping a closer look on these issues because it is imperative that the US Constitution’s Bill of Rights be applied.
The sitting supreme court is choosing to ignore habeas corpus in some instances right now.
Thanks, Stacy!
Ronron: you okay?
Caldoc, i have moved my green out of the vampires vaults.
Fuck um all!
@JGIR -
Thank you for posting your numbers.
I had also priced out similar systems and noticed the same thing.
I’d appreciate your thoughts on this analysis.
When I looked at operational costs, the upfront cost of the system was the problem. The PV systems are too costly per KWH generated.
The end result is that to break even the lifetime of the system must perform for 5-7 years without repair. This is achievable for solar thermal on water, but PV systems are subject to decay on performance based upon degradation of the panel efficiency.
I reached the conclusion that the wind turbines were good to balance out the PV panel under performance during cloudy conditions. However, I could not locate a charge controller system which integrates PV and wind turbine variable direct current supply with grid AC.
I am still searching and therefore post this comment in order to see if you can comment.
@stacy – thank you for your clarification, but I do find the behavior of some on this board peculiarly reminiscent of psyops manuals that I have reviewed.
psyop manuals?
Jack of all trades master of none?
cal doc, does anyone overlook the sec. It is obvious they look the other way alot of times when it has to do with their buddies goldman sachs, j p morgan and one or two others.
I’m surprised the fed is so upset tthat they threaten to crash the markets if their boy bernake isn’t allowed to keep his job. CAn’t the fed just find another stooge to take bernakes job.
Caldoc–i do recall that the turbines had the conversion designed within the assembly which could adapt straight into the electrical meter pan in a piggyback fashion via conduit run point to point. There are voltage drop considerations with the length of the run for turbines. The solar array conversion would have been installed adjacent to the electrical panel. I would have done 50% of the labor, but just to costly.
Jan 1st we were handcuffed with a 30 to 40% electrical rate increase based on usage.
on habeus corpus
http://rongstad.blogspot.com/2009/07/naomi-wolf-obama-no-better-than-bush.html
@cal doc where’d you get those psyops manuals?
can you post them?
@ jon –
My guess is that that the board of the Fed Reserve has something up its sleeve.
The question is what is up their sleeve and why are they so hell bent on this “pro-Bernanke” blitz in the last 48 hours.
The banks clearly have major derivatives exposure on their ledgers. There are likely to be personal exposures through hedge fund “investment” dark pools that these Board members throw their money into.
My guess is that a currency devaluation is feared by these people and hyperinflation also is feared.
In the hyperinflationary situation, the currency is printed so fast that everyone gets out of debt quickly (as long as they are employed and their wages are allowed to escalate with the hyperinflation). When I reviewed Martin Armstrong’s discussion about Weimar Germany, Armstrong points out that people began bartering clothes, small bottles of alcohol, candy and other similar goods as currency.
The Federal Reserve Board is making a threat about the valuation of the bank and the US Treasury is being held hostage.
I think they’re saying to the Congress that if the Fed chair is not renewed, then the banks may not go along with the purchase of T-bills and T-bonds.
The push back comes from the banks comprising the Board.
In looking at the numbers, Wells Fargo is the least exposed of the big 5 banks. Therefore, it follows that it is the New York Federal Reserve Bank that is pushing Bernanke the most because JPMChase is the MOST exposed.
If Bernanke is not put for vote and confirmed, Donald Kohn ends up the chairman.
Does anyone know if Kohn has made any comments on QE as a policy?
@Cal’ Doc’,..Here’s a short clip presented by Winston Shrout,.it might help with your “understanding” of the court system,..; )
@underfundedmentalist-
Those manuals used to be locatable using Google or yahoo. About ten years ago during the election of 2000 I was quite active on discussion boards and noted that teams of people were posting to certain discussion boards in early attempts to influence the election.
When my friends and I began investigating the IP addresses of the parties involved through a technique which I will not post, we discovered that some of the messaging and monitoring were coming from locations which were where anonymous internet access could be obtained. Others were coming from inside technology firms which had a cause in the fight.
Some of the guys identified that the postings were following well known propaganda techniques.
Google “propaganda techniques” and you’ll see it.
http://academic.cuesta.edu/acasupp/as/404.htm
Evaluate “name calling” in the context of some of the flame-wars that show up.
You lose the original topic in the flame war…and that is the point of the propagandist. They’re trying to discredit the publisher and the information by putting ink in the water to cover up the facts.
@Underfundedmentalist -
http://www.fas.org/blog/secrecy/2007/02/army_manual_on_psychological_o.html
This is a great webpage!
I wonder how long it will be up..
http://www.ssrsi.org/sr1/Weapon/psyops.htm
@Cal’ Doc’,….DOH!!
http://www.youtube.com/watch?v=v5l_oqqkADw&feature=related
nice link, Dedo
cal doc, . Thats what I’m wondering as well. Is the bernake thing just the excuse they need to crash the economy or markets and have an excuse to move the blame of the crash. Rather than all the bad crooked market manipulations they’ve been doing the last years.
@JGIR-
The upfront cost of installation and equipment for wind turbine and PV electrical generation will inflate higher as the dollars buys less.
With energy costs moving higher over the next 20 years, finding a way to generate power with cost effective charge controllers is important.
DC current to Li-Po battery systems seems like a potential solution. Li-Po costs are declining due to increased production for cars and computers.
The issue is how do you load balance between the DC in and the need for 110 V AC in the house.
I’m finding that the cost to retrofit the house might reach $20,000 in equipment and labor, but that cost might be smaller than the total costs of electricity for the next 20 years.
@jon-
My prediction is that the US Senate does not have the guts to renominate Bernanke. The Senators will not bring it to vote because Harry Reid is in a shakey seat (he’s a democrat from Nevada) and Barbara Boxer has already said no to Bernanke (shakey seat in California).
So, the political epitaphs are being written for the Democrat control in the house. A flip of 5 seats is enough to change the majority. Brown is a +1 for the GOP, but also a -1 for the Democrats. Boxer and Reid are similarly close. So, the Senate is up for grabs based upon Bernanke.
1/3rd of the US Senate is up for election. My guess is that the GOP Senators are too partisan (i.e. won’t think for themselves) and will blindly support Bernanke because he was Bush’s appointee. The GOP Senators will argue that it was better under Bush. Bush is the bastard that started this financial calamity.
Bernanke is politically fried. He should pack his bags for New York, because I’m sure he has a job lined up at some university or bank.
The question to me is who is the replacement.
cal doc, yep, you can go way back and see the bushes fingers in the pie. I still remember when the elder bush got to be reagans vice president. Right then and there I knew Reagan was just gonna be a front for the bush people.
I don’t think it really matters who they get to replace bernake. They just need someone to not spill the beans and keep their mouth shut on all the corruption the fed has been doing the last century. My guess is the next person won’t talk alot.
@California Doctor
Obama = Bush = Clinton. AiG own you. You know the answer.
You are not that naive I hope ? These crooks work in tandem with the bankster. It’s called protection.
@Y’All
what do they call all that garbage you get through you door everyday… er… unsolicited mail… junk mail… er… I dunno also all that you have have won a prize BULLSHIT… conmen with LIES and Bollocks just someone trying trick YOU into looking at something coz they are too insecure say exactly what it is… or they think you are just STUPID or DESPERATE that you will read any old SHIT… or maybe they are so full of themselves they think everyone is automatically interested in their opinion… maan if anyone EVER posts a link for me or anyone else and they can’t be bothered to say what it is… I always just ignore it…. I always make a point of labelling my links correctly, that way someone can choose not to look if it aint there THING…. SAD just SAD!!!
@CalDoc. i was out for a while. fuck off.
@Marc – Protection?
It’s not protection. It’s international crime and a syndicate which preys on innocent civilians in many nations.
@y’all
Ronron is a good example of “ad hominem propaganda”
http://en.wikipedia.org/wiki/Ad_hominem
Thank you ronron for your example.
Please keep it up.
You are teaching by example your own trade…. which arm of the Mossad do you work for?
LOL… just kidding.
Ta Daaaa!
Reuters 24 Jan 2010 “…keep secret many of the details of the American International Group bailout like a request to protect matters of national security…”
Well, this may just tally perfectly.
Consider:
- Unprecedented, gigantic Gov bail out to prevent the AIG house to go bust and burst open to the public eye, scrutiny.
- The ugly dozen investment banks kept entirely whole on their empty CDS bets – akin to reimbursing the losers on the roulette table. Keep them happy at all cost?
- Lame and tame political, media reaction to paying foreign banks in full for such pure casino gambling, eventually at the expense of the US taxpayer!
- Only most trusted members of the most inner circle of the US Treasury-Fed-Financial complex involved in the rescue effort.
- around the world, and specifically in Zurich, sizable office buildings, housing AIG related entities and nobody knows exactly what they are doing.
Unusual coincidences? Not so, if this is the reason:
AIG is/was the world wide offshore paymaster for the US intelligence agencies, the clandestine banker to the CIA & Co, to handle the myriads of financial transactions. AIG the secret G & A backbone of these US services. Without it, they cannot function. Hence the scramble to keep AIG from filing for ch 11 or similar open process… and at least some explanation for the relative resilience of the stock…
Posted August 28, 2009
http://seekingalpha.com/article/158876-aig-is-dead-long-live-aig#comment-651645
America has been HIJACKED! Wake-up foolish American people. You have been dooped since 9/11!! Shame on you people!!!
@Rod
Hey the whole wide world has been highjacked by these multinational globalists neo-con bastards. It’s not just the USA. It’s the hole freakin place. Rotten nazi globalists from the UN. Yeah all the shit is emanating from the UN, that criminal organization.
In reality the UN is used as a front for multinationals to plunder and pillage. They want a world government based on the same model as China. You are warned. It has nothing to do with the American Dream of the 50′s, more with the chineese syndrome. They all dream of China in Europe and the USA.
Financial TV (CNBC) in the USA is broadcasting the House hearing on AIG. Tim Geithner is giving his opening testimony. The vice-chair, California congressman Darrell Issa, gave a stinging opening statement which nearly, though not quite, accused Secretary Geithner of being party to the cover-up of the counterparty payoffs (buck for buck).
The GOP’s Congressman Dan Burton cross examines Geithner. Burton is really doing more grandstanding than anything.