Stacy Summary: This is the biggest problem with the UK political system; it always, always becomes an embarrassing spectacle of a ‘leader’ who refuses to leave.
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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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Isn’t a leader who doesn’t leave, doesn’t listen to the people, doesn’t stay within the limits of the constitution called a dictator? Like goldman sachs denying guilt to blair saying he would comit genocide again (even with ‘reasons’ it would be wrong but entire thing is bogus)… Luckily the pupeteers keep us distracted with obama/volcker keep a twinkie (although i wouldn’t want such chemical artificial sugar high) in front of our nose to keep the system going.
Dos
Ya Know I was just thinking the same thing 6 months back about Brown
Hic
Whoa, I had no idea that they can just decide to hang around.
Morning, Stacy.
repost so that some people will read this -
Bill Gates promises $10 billion for vaccines
http://www.reuters.com/article/idUSTRE60S3K420100129
wouldn’t food or infrastructures or antibiotics or medical supplies make more sense – but no, and they end the article by promoting less population growth. maybe that’s what the vaccines are really for-
@max&Stacy
Bob Chapman would be a great guest
Max, don’t be so quick to believe that overpopulation is somehow the cause of pollution. governments and corporations who don’t give a shit are the cause of pollution. they want things this way, I don’t believe their is any political will at the top that truly desires to improve anything for the people – believing that overpopulation is the problem is almost like blaming the people for the fact that the world sucks rather than blaming those in power.
@me: hm very nice grammar better take some lessons… commit and puppeteers
I was like Brown get a f@#kin Life man your nose is so far up so many peeps butts, Have some self pride man
It was and is sickening to see him or anybody for that matter to behave like em
Hic
@ gb – Did Max say that overpopulation is the cause of pollution, or did he infer that overpopulation is one of the causes of resource depletion and ecological destruction?
brown will stay until they stop serving scrimp. who cares about this prick anyway?
isn’t ecological destruction pollution?
i belive that resource depletion could also be prevented if those on power decided to dedicate themselves to preventing it
An interesting article about the governor of the bank of Japan, lacking a magic wand and any new ideas. We are doooomed, I tell ya
Brown the next Japanese prime minister please, it couldnt make things worse, thats for sure.
You are so lucky in the UK.
http://search.japantimes.co.jp/cgi-bin/nb20100130a5.html
Man, it’s the kings and queens era all over again. Don’t things ever change?
Mmm … change. Where have I heard that before?
I’m gonna start a pitchfork factory. Make me some money. Of course, it’ll be located in India. Hahah. My contribution to the shipping industry.
There are many politicians who do not know when to leave the poker table. The song says to “know when to fold ‘em, know when to walk away, and know when to run”
Mr. Brown is in the game because he does not believe that the British people will call his bluff. He has literally no cards left to play other than bluffs with his banker friends.
The entire power structure in London has this attitude. They honestly believe that nobody or no one can call their bluff. So, they go on standing and acting even when he’s lost the Queen her cloak and Her Majesty walks from Buckingham with her jewels or her cloak.
At this pace, the crown itself will need to stop by Harrod’s for new clothes.
@gb – overpopulation is a local problem, not a global issue. There are clearly areas of the planet that are not overpopulated. There are also areas that are clearly unsustainable. For instance, when you have an island with more than 2 million people living on it, that might not be sustainable. But, if you put 2 million people scattered over a coastal area stretching over several thousand miles, it is sustainable.
The question “gb” raises is better stated as “what exactly is sustainable living”?
@ gb – Not necessarily; I wouldn’t put things like soil erosion and deforestation in the same category as pollution.
btw,on pollution, I saw an impressive pollution cloud yesterday when I was walking down my street. It was dark gray and a dark shade of pink . . . looked like it had a funnel beneath it that was filling it up. Never seen anything like it before. It was some crap that Kodak was pumping out.
anyway it will be fun to watch the prick be forced to leave in disscrace.
@stokyo jake – Japan is not the only nation with this deflationary scenario. In fact, the United States appears to be stuck in the same unproductive cycle.
The massive “printing” of US dollars by the US Department of Treasury does not appear to have translated to hyperinflation due to the transit of those trillions directly back into the Dept of Treasury.
It seems clear what is happening based upon reading between the lines. The US Treasury is printing trillions of dollars. Those dollars being “lent” to the Federal Reserve system which then issues the money to their big banks (the ones that are TBTF). Then, these banks use these lent dollars at 0% to buy 1 month T-bills, depending upon the sales that are anticipated. Any remaining hundreds of millions are permitted to be fluxed to the investment side. The banks would rather use the millions left on hedge funds in the “Carribean Banking Centers” rather than actually help main street.
Obama WH then elects to specifically send 80 Billion to the regional banks in order to help main street, which is suffocating and dying under the onerous credit contraction CAUSED BY the banks.
This is IDENTICAL to the situation when Andrew Jackson dissolved the 2nd Federal Bank of the United States.
The Obama Administration should be playing hardball with the Federal Reserve. A new Reserve Bank should be readied now under Volcker.
@California Doctor
I totally agree. I wonder why the US has tried the same policies that have been such a disaster in Japan over the past 20 years.
LOL even if ya had 10 mill in ta banks @ 2 % interest
Its just 20 K per annum
rofl
Hic
Japan Risks a Third Lost Decade
http://online.wsj.com/article/SB10001424052748704789404574636170513143300.html
ta best thing would be to spend 150 K each year
and when ya near the end head to Las vegas
Hic
UFO recorded at Night Time in Rome,Italy 2010
30. Januar 2010
Amazing,clear UFO Night Time footage from Rome,Italy.
http://www.youtube.com/watch?v=8dip4Yv_83g
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US speeds up its own and Gulf allies’ preparations for clash with Iran
DEBKAfile Special Report January 31, 2010, 12:27 AM (GMT+02:00)
The Obama administration took the unusual step Saturday night, Jan. 30, of leaking word to major US media that the United States, Saudi Arabia and Gulf allies – the United Arab Emirates, Kuwait and Bahrain – have accelerated the deployment of new defenses – naval and anti-missile – against possible Iranian missile attacks or Hizballah sabotage.
The 10,000-strong US contingent posted in Saudi Arabia will be …
http://www.debka.com/article/8573/
@stokyo jake -
The US 2009 may be running down the same decision tree as the Japanese government in 1999.
Perhaps the answer for this is similar to moths being attracted to a candle flame that is bright but burns.
The elected politicians look for the fastest and quickest solution. This solution is not helpful for re-election in the next six months, so the appropriate answer is not to be found in democratic republics. Meanwhile, in a neo-communist dictatorship, they can set policy without fear of an election to remove them from office. Plus, they can lie without fear of the consequences of the lie.
http://tinyurl.com/m5rus2 sunday video club entry; this and a lot other documentaries can be found on my twitterpage; twitter.com/AMphilosopher
@California Doctor
thats probably why Japanese prime ministers get a dose of the shits every 6 months and have to retire for health reasons. At least in the Uk they want to hang around for longer than it takes to go to the toilet.
http://search.japantimes.co.jp/cgi-bin/nn20070912x1.html
Cheers to the gentleman who snapped at the security goons
outside the bliar-hearing:
if we‘re gonna have a police state
at least organize it properly.
As it probably is our last weapon,let‘s ridicule them constantly
until their lies and warmongering lose their power.
Senate OKs sanctions on Iran
http://www.cnn.com/2010/POLITICS/01/28/senate.iran.sanctions/index.html
Looks like ta lunatics are trying to corner Iran
Hope Iran does’nt take ta bait
Hic
@ G
Cheers to the gentleman who snapped at the security goons
Which Link ??? wheres ta link
Hic
Marijuana superstore opens
http://www.cnn.com/video/?/video/us/2010/01/29/simon.ca.superstore.of.weed.cnn
Whoot Whoot
wtg wtg (way 2 go)
Hic
Here’s the real Gordon Brown in 2004:
http://www.hm-treasury.gov.uk/press_56_04.htm
Who the heck is the Lord Mayor of the city of London: why don’t we ever hear about him?
http://www.cityoflondon.gov.uk/Corporation/LGNL_Services/Council_and_democracy/Councillors_democracy_and_elections/The_Lord_Mayor/
Whom do Gordon Brown work for? I think the city of London trumps the British commoner, eh?
LOL
Its opened in California
Looks like California is Broke
Hic
Terminator terminated Ca.
@bonn
Sorry no link.I saw it two days ago in a bbc report on tv.
@ Stacey H/T ????
@CaliDoc:
Instead of addressing the securitization issue which is a fundamental underlying the US small business strength, the .gov US has swept the problems under the rug of TALF. The entrance of Talf was the quintessential behind the ‘greenshoots’ of spring 2009.
The regulatory agency coming out of the federal government is derived from the BIS mandates which apply, unfairly, the criminal rating agencies as a intricate and essential force within the system of banking regulation. Fannie and Freddie, our large gse structure, precluded a possiblity of a covered bond market in the US.
http://www.onwallstreet.com/news/Frank-Covered-Bonds-Bill-2665054-1.html
I know one friend of mine whos gonna chuck his Job in Aus and run to California for sure
Hic
@CaliDoc:
Volcker represents international interest in the US emanating from Europe: he is not a ‘patriot’. Why would you want a new federal bank under those criminals?
http://blogs.wsj.com/economics/2009/12/04/g30-ripe-for-conspiracy-theorists/tab/article/
it’s safe to say anyone promoted by government is as crooked as fuck.
The U.S. Might be Better Off with a Global Currency
http://wallstreetpit.com/15751-the-u-s-might-be-better-off-with-a-global-currency
40 – 45 K every 8 – 10 weeks
Wow
Hic
Where do I Invest where ????
China threatens sanctions against U.S. http://bit.ly/c24g12. Wait a second; isn’t that what we do to others? Has the worm turned?
Larry Summers #davos speaks of “statistical recovery and a human recession” http://bit.ly/cdSc9c. That has a name Larry; Depression.
@Stacy
do you know the name of the program max will be on?
goodnite all
@bonn
why don‘t You open a marijuana superstore or coffeeshop
in Bangalore?With all the computer nerds you should be able
to make a fortune and be a local hero.
@DanV:
Interesting link! Here’s the myopic pentultima:
“Let me propose a way out: an independent global currency against which all others would float. This approach can distance the rest of the world from US domestic politics, and get the US off the hook of running persistent trade deficits in order to provide persistent Dollar surpluses.”
The man is not proposing but parroting: the ideal is a global reserve that is not tied to any one country. The surplus kitty from global trade would be ‘managed’ for the ‘children’ by, most probably, the IMF as global central bank. They decide the exchange to local ‘currency’. The idea would plunge the US into the third world (where we would remain). The world would lie in the uppalm of the IMF. The man is a fool.
There will be capital restrictions on cross-border capital flows with the new system: how would the domestic currencies float? The forex would be defunct.
http://www.investopedia.com/ask/answers/05/forex24hoursaday.asp
@ G
It ‘s Illegal in India
Plus its so easyly available and dirt cheap
a dollar will see ya through a week in major citys
in Villages 2 -4 dollars will last ya 3 months
Hic
penultima (typ0)
“I have mentioned that I have a bet that we will be back on some form of gold by the end of this decade, but neither that bet – nor this proposal – necessitates the classic gold standard, nor the bastardized Bretton Woods gold-exchnage standard. Gold can play a role in this new global currency without going back to fixed exchange rates. Gold in effect would circulate with fiat currencies, and help keep the float honest.”
HAHAHA what a deceitful man! There is not a “float”. The system is being set up with the sdr as reserve. The power to do so lies with the men who own the Fitch and Moodys and StandardandPoors. What a crock of sh*t! Gold will not be priced in the same terms it is today: gold is dependent on the dollar for its value.
My bet is that once the noose it tight the bank of banks will decide to do away with local currencies (they can hyperinflate) and tie people to corporations favored by the bank and use a computer chip debit system for control.
Mark the new adjustment to the sdr this year. Why don’t we read anything about this is dildo-brain’s wallstreetpit essay?
Oh: welcome to the Gross Happiness regime. Gross being the operative and happiness being the bed made for the BIS/Bretton empire builders.
A restricted report by the security service MI5 describes how China has attacked UK companies in a concerted hacking campaign
http://www.timesonline.co.uk/tol/news/uk/crime/article7009749.ece
@bonn
well,let‘s hope the tax revenue of governments keeps falling fast
so they will have to legalize it soon everywhere.
saw a movie called super high me yesterday where they estimated that california alone could rake in more than a billion in tax a year.
@ Grisu
Guess where all the selling happens
LMAO
Near places of woreship
Cause cops wont dare go near a place of woreship
A Mob can form in 5 – 15 minutes and the cop could loose his life .And If they try a sting operation
A-> theyd be arresting peeps who earn 2 – 20 dolaars a day
B-> thats all our Political leaders need its like a Jucy Apple in terms of Political mileage
All our politicians have a RAP sheet save a few maybe 1 naaaa I change me mind All of em
70 % of business is Black/illegal I figure
ROFL
Hic
* Worship (correction) LMAO
Hic
Interesting Yahoo post (for a change )…
As other countries use other currencies as part of diversifying their reserve holdings (like the recent news that Russia was going to the Australian and Canadian dollar as well as the Euro being bought up by Arab and Asian countries) it reminds one of rearranging the deck chairs on the titanic — recent downward trend of the euro proves my point — they will all at some point have a crisis which will make a people wish they had something of substance rather than be tied to the policies of whatever government happens to be in power via the pretty paper they issue.
http://messages.finance.yahoo.com/Stocks_(A_to_Z)/Stocks_S/threadview?m=tm&bn=72878&tid=170873&mid=170873&tof=1&frt=2
Gerald Scarfe cartoon: January 31 2010
http://www.timesonline.co.uk/tol/comment/article7009729.ece
– This is the same guy that did the “Yes, Minister” and “Yes. Prime Minister” intros…
@bonn
welcome to planet pot where the NWO has a hard time to get
the giggling masses to concentrate long enough to even comprehend
the latest plot.
@Phil:
Would that ‘something of substance’ include these?
http://southeastfirearms.us/rebelsubweb/images/GoldDesertEagle.jpg
Project Camelot Conf- Robert O. Dean UFO Whistleblower 60 Years of Official Denial
http://www.youtube.com/watch?v=KBbsI9Xb9-c&feature=related
Hic
@Snoot. hello. wish i had one of those gold pistols.
@ronron:
They must be dear.
“Such losses likely would cause even deeper misery, and risk of failure, at small and medium banks because they tend to have disproportionally more exposure to commercial real-estate loans than giant institutions. While regulators have indicated they won’t allow the 19 stress-tested banks to fail, that group doesn’t include more than 500 banks with assets of less than $1 billion that have too much exposure to commercial real estate and are at the most risk of failing, according to an analysis by Foresight Analytics LLC.
During the housing boom, small and regional banks doubled down on lending to home builders and commercial-property developers and investors as they were largely squeezed out of the home mortgage market by large banks and Wall Street firms. Now many of those loans are going bad as vacancies rise, rents fall and developments open to anemic demand.
Analysts already had been forecasting hundreds of bank closures in the next five years. The stress-test assumptions, including a 10.3% jobless rate at the end of 2010, raise the specter that some of the failures could occur sooner.”"
http://online.wsj.com/article/SB124148130773284927.html
Informative tutorial about how banks make big bucks – just uploaded by marketplacevideos. Between the banks, the treasury and the fed, it calls to mind the gnostic symbol of the serpent eating its own tail. http://www.youtube.com/watch?v=cxfMxpB9-Ds&feature=sub
@Snoot. of coarse i would melt it to bars.
“Fitch Ratings said today that the performance metrics of commercial real estate (CRE) continues to deteriorate at an unprecedented pace. The CRE market is where significant risk exposure exists for the majority of the rating agency’s U.S. bank universe.
CRE loans, not including the more problematic construction and development portfolios, make up over 125% of total equity for the 20 largest banks that are rated by Fitch. The rating agency noted that the risk is even higher for banks with less than $20 billion in assets, as average CRE exposure makes up over 200% of total equity for these institutions….
Fitch currently assigns Negative Outlooks to close to half of the 20 largest U.S. bank and thrift institutions it rates. As Fitch has said in its recent bank rating actions, a major concern contributing to these Negative Outlooks is the likelihood of further deterioration in the institutions’ loan portfolios specifically focusing on CRE exposures.
“While the relative size of the CRE portfolio is smaller for some of the very large banks Fitch rates, the recent performance trends, expectations for continued economic weakness and the uncertain availability of the CMBS market increases the concern regarding CRE exposure and makes it a likely rating driver as we look out over the next few quarters,” said James Moss, managing director and co-head of Fitch’s North America financial institutions group.”
http://www.structuredfinancenews.com/news/-196746-1.html
http://www.creopoint.com/forum/topics/deutsche-bank-cmbs-research?xg_source=activity
@Y’All
er… in a hurry… quick one… hows it look… well… summin like this: fall asleep elevenish probably in front of computer… probably in a drunken stupor unablt to see words on screen or type anymore… wake up 7.30 EST… maybe maybe not wash off vomit and or piss… leave quick shopping list and ‘things to do’ note for maid… have a quick look out window to see if the world is still there… weather fine… sun hurts eyes… try not to think about outside reality…so log on to computer 8.45 maybe nine while eating single piece of toast… and finishing cofee maybe followed by quick taste of favourite tipple… quick check of inbox no emails… CLICK ON, maxkeiser.com… proceed to post SAME OL’ SHIT and LIES… for rest of day non stop… except for quick dinner… and small hurried supper… back on maxkeiser.com… same as yesterday same as tomorrow… etc etc etc…
HEY Y’ALL…. eyes gotta go to be continued!!!
http://www.thefreelibrary.com/CMSA+Applauds+House+'Retention'+Amendment+to+Financial+Reform+Bill.-a0212400453
The Financial Stability Plan 2009 came out of the US Treasury.
@SG:
Do you understand how your country is governed? I was curious about the city of London and the House of Lords and the Queen and all that. Seems you would want to bring down that unjust system.
We are all pikers.
Unbelievably, this was posted on the Peter Schiff YouTube channel a week ago. It is a long, dry audio recording. You have to listen patiently, but the message is important. It is more than one hour of a man who was a long time derivative trader and commodities adviser specialized in treasuries and silver. Hang with it and listen closely. He talks about the market crash starting around 34 minutes.
http://www.youtube.com/watch?v=L0R_M0f8GQ4
@Guiseppe — The GAVI financial statements fit right into this model.
This man has a long, plain vanilla 2004 documentary on the web. A new one was released this month that is available for $3 for unlimited viewing in 24-hour periods.
http://cafr1.com/PriorityRelease.html
Here’s a cached page from Catherine Austin-Fitts website. Apparently she agrees with him.
http://www.ratical.com/co-globalize/savingTenn.html
Please listen and give me some feedback. This is huge.
Max is on Inside Story today on Aljazeera English (at I believe 1730 GMT). I will post the Youtube when they make it available, but if you want to watch it live, you can do so here: http://english.aljazeera.net/
@SG -Your post seems similar to ones I have seen around the internet lately. UMMMMM. Are you a part of the Obama Jama insurgency team, that is trolling the internet.
Lie’s and Shit. LOL. just like piss and shit its everywhere. Especially on the MSM. Its up to the individual to decipher it all.
Bye SG , bye bye YaALL.
@FSnoot – In response to your message on TALF/TARP (etc)
After following our nation’s economic unraveling for the past four years on a personal and very direct basis, there is very little need to lecture me on TARP and TALF (you left out Maiden Lane).
Having been in a front row seat to these administrative abuses, the bi-partisan alphabet soup is intentionally complicated by bureaucrats who attempt to cover their tracks and provide some legal cover from future criminal or civil prosecution. The public-private collusion which has been used to create this financial terror on the American people is obvious to any individual who really cares to look. For this reason, it should be alarming that sentries have failed to do their job.
Many politicians comment on the national security apparatus failure to catch a solitary psychopath who wants to ignite his underware at 20,000 feet.
I am neither surprised nor indignant at the failure.
The same apparatus allows international criminals to run rackets and syndicates which steal hundreds of billions of dollars from the federal government. In light of this type of wholesale financial destruction of our very basis of government, should we citizens expect anything but incompetence?
These are networks which appear to be huge, communicating across lines which are clearly subject to wiretap under Patriot Act, exchanging money across transit points which should be under multiple layers of law enforcement, and in cities with tremendous numbers of cameras and observation points.
Instead, the citizens are made to treadmill on never-ending government fees, taxes, and regulations. Meanwhile, the banks and international criminal syndicates make off with more billions.
It is equally clear exactly how impotent these legislators and governmental executives are. While the “real housewives” of America are entertained by TMZ, E!, and even the “mainstream” media’s sensational and tabloid priorities; their purses are surreptitiously snatched by white collar criminals. Yet, American females are continually fed a diet of sugary and fatty information which lacks real substance. These same people then complain about being obese in body, ignore the fat in their brains, and then recapitulate that obesity expecting someone else to save them from their own incompetence.
When an adult makes bad decisions, they need to accept their errors and move ahead with correction. Yet, this government removes that responsibility from the people, treats us as mental midgets, attempts to feed us their intellectual pap, waves their hands as if they can work their magic, and then expects us to be pleased with 30% unemployment, 10-12% inflation rates, and a 75% loss in USD value against other world currencies.
A citizen’s lead revolt against the European monarchies and their remaining power centers would have to crystalize around some basic talk points. Telling me about TALF will not address the situation.
TALF, TARP, MaidenLane 1-2-3-ad-infinitum, QE, and MOPE are fabrications from the same cabal.
Pointing to conspiracy theories, regardless of how much evidence is present, will be debunked through the usual anti-propaganda activity and circles.
The correct path is for people to know themselves first and then build wealth according to that inner knowledge, not the outward banking definition of giving these crooks more points.
At this juncture I see little difference between putting USD numbers into my electronic bank account versus putting points with a 2nd grader on his or her electronic video game on our XBox360. The points are just placeholders on increasingly empty shell promises in little more than a New York street game.
As the US federal government creates more points, the contract with its citizens is increasingly diluted. The behavior in Washington DC is so bad that it has diluted their power and the focus of citizens must shift back to the village green. The federal government steals our paychecks, fails to deliver on social programs, and then looks for false pretenses to repeat the cycle. This is also repeated in our bankrupt statehouses.
This issue is missed by international financiers. The states themselves are broken and bankrupt at this time. This has far more impact than the situation in Washington DC. If the states fail (and I am aware of problems in Arizona, Illinois, Hawaii, Oregon, Washington, Nevada, California, New York, and likely more), NO federal programs can be effectively executed in those areas. The federal bankruptcy courts would need to intercede. The solution would take years to resolve, stalling implementation of federal social programs badly. The population disruption is severe at this time, already!
The absence of independent candidates and new political parties which are more populist in orientation is limiting the “check and balance” against the ruling hypocrisy at Goldman Sachs and JP Morgan Chase.
Thank you for the opportunity to offer opinion on these critical issues for our communities at this time.
http://copyrightandtechnology.com/2009/06/16/does-the-eu-really-matter/
Interesting take on EU ‘new body of law’, Lisbon Treaty, France, and copyright laws prevailing outside Europe.
@CaliDoc:
Your subjective declaration concerning your arrogant chauvinistic attitude toward American females hardly relates to the securitization crisis looming in US markets. Why do you include such nonsence?
It is not conspiratorial to question why the US treasury and Volcker maintain an anti-American stance in their operative solutions. The fact remains that the association of the US Treasury with the IMF has long polluted our national interest. Volcker is a chairman on the board of an international think-tank promoting a suprasovereign global financial governance.
The US federalization of the country is set to proceed smoothly through the application of FEMA COG (continuation of governance). The system is already in place. State bankruptcy feed into the orderly transferral of jurisdiction.
“Thank you for the opportunity to offer opinion on these critical issues for our communities at this time.”
I don’t share propriety in any community for you to:
a. thank me
b. include the pronoun ‘our’
I consider people as individuals who do well to carefully research the law of the US as it applies to federal and civil jurisdiction: and to maintain their own sovereign interests through application of reason to the legal code.
@Frances
Think of it this way: Cal Doc would not be responding to you if he considered you to be intellectually weak. You are finding and sharing interesting information and I, for one, appreciate your efforts in that respect. It is a more beneficial use of your energy and abilities to focus on the economic/power issues.
Best to you.
“At this juncture I see little difference between putting USD numbers into my electronic bank account versus putting points with a 2nd grader on his or her electronic video game on our XBox360. The points are just placeholders on increasingly empty shell promises in little more than a New York street game.”
I find it inherently ridiculous to insist on some tainted evil essence to the US dollar and then claim gold is ‘honest’ and ‘sound’. Gold is a part of the same system you insist is a derivative of the ‘cabal’ (which, by the way, is a conspiratorial term). Both gold and the dollar are set to become empty shell promises within the context of your reason, Caldoc.
” While the “real housewives” of America are entertained by TMZ, E!, and even the “mainstream” media’s sensational and tabloid priorities; their purses are surreptitiously snatched by white collar criminals. Yet, American females are continually fed a diet of sugary and fatty information which lacks real substance. These same people then complain about being obese in body, ignore the fat in their brains, and then recapitulate that obesity expecting someone else to save them from their own incompetence.”
Excuse me, Sherri Young. This little ditty reeks: would you prefer I don’t apply it to my own person as Caldoc evidently intended? Why do you give such a vagrant histrionic personal attack a go, and then label me the aggressor?
@Frances
It’s not about you and it’s not about me. Don’t allow yourself to be diverted from the big picture.
Sherry Young–man who was a long time derivative trader and commodities adviser
Your post … http://www.youtube.com/watch?v=L0R_M0f8GQ4
—————————————————————————————–
Minute 34 to 46 was interesting , it just confirms that we the people are really the sardines for the whales … thank you for your post
@Sherri:
You did the diverting.
Stella — what a beautiful name
@JGIR
Thanks. Cal Doc will probably find the comments about California that are near the end of the interview to be of special interest.
Trying to put this together a bit with the GAVI (Gates vaccine charity) fund, this makes me feel more solid in the idea that GAVI issues those high yield bonds in order to let insiders (for sure the Gates and Buffet) have nearly 10% gain when no debt issuance was necessary. Since GAVI only has donors (again Gates and Buffet) instead of taxpayers, a $10b “contribution” works to lay more money on the table at the casino.
I guess the model works for the moment.
,@Deep Depression.
ya goin’ on like I touched a nerve… people really need to MOVE ON from thinking all comments are directed at them or about them (it kinda suggests to me you may lead a very boring life or be a bit desperate)… I don’t need MSM to tell me what to think… and I certainly don’t need someone on the internet or the radio for that matter to tell what is going on in the world.. I don’t live in the USA…. The the biggest thing this site has taught me is how sheltered most americans lives are… and I don’t say that lightly… I’m not just talking about some of the general posters… I think the same sometimes applies to Max Keiser… I wouldn’t say he is racist, no not at all… but I wince when he and other posters start starts talking about ‘Black People’ ‘Racism’ or even europe for that matter…. way, way too many dodgy stereotypes for my liking… P.S. I’m a bit rushed but if you want I’ll send you some photos of my house decorated with homemade ads for TAM… or maybe some videos of me and my family OUT and ABOUT trying to make a difference in our local area… which also is right on the border of the City of London, a borough with the greatest division between rich and poor and the highest unemployment rates in the whole of the UK !!!
@SG:
In future I will not post anything to you, period.
@Frances
How do bonds get priced? Don’t the rating agencies such Fitch have a hand? According to the interviewee, the various governmental entities may be holding massive off-budget wealth from investment activities while pleading poverty from on-budget deficits. If bonds are under-rated and the state (or any entity) issues unnecessary debt into a hostile market, the chances of insiders being able to make a killing are considerable.
Then there is the matter of technical defaults. Take AIG/Lehman as an example.
Goldman obtained some of AIG’s regulated insurance divisions’ assets through AIG’s securities lending division. Goldman marked those assets to market every night. However, the market was not especially liquid. This gave Goldman a certain amount of leeway on assigning a mark. Hank Greenberg said the other day that Goldman was known to assign some of the lowest marks in the industry. Those assets became impaired and put AIG into a greater bind. This was while Goldman was actively shorting the housing paper market. According to how a CDS is structured, collateral calls can be made using different triggers. One of these triggers is a technical default from a ratings downgrade. As paper was being downgraded to below investment grade, institutional funds had to divest. This concentrated selling caused the marks to go lower. In an effort to raise more cash, AIG obtained permission from the NY governor and the NY insurance commissioner to be able to lend more securities from the account covering AIG’s regulated insurance activities in NY state. AIGFP had issued CDS on a truckload of Lehman paper. As the Lehman paper prices then LEH itself deteriorated, AIG bled more heavily. Finally, LEH went bust, causing immediate ratings downgrades. AIG was poised to go over the liquidity cliff so AIG was downgraded too.
There is a lot of howling about mark-to-market. In an illiquid market, it could be mark-to-fantasy to the downside as easily as to the upside. It can depend on the economic interests of whoever is providing the marks. Over a year ago, Hank Paulson was asked about his view on finding another method of assigning value to assets in a frozen market such as using discounted cash flow. His answer was along the line of, “I can’t imagine being able to conduct business without fair market accounting.” Take that as you may.
There is money to extract on the way up and money to extract on the way down. Whoever controls the ratings agencies is in a winning position.
@Snoot, with all due respect. gold is dug out of the ground by people. there is work involved. only work can create wealth. every piece of fiat paper is junk. you get nothing without a persons hands involved.
and then again. There is just the fed who prints money whenever it pleases them. Hands it out to friends for near 0 interest and the world keeps plodding along.
I’m beginning to think all the ratings agencys is just another front to make it look like the money system is legit.
SG is a goof and not to be bothered with.
ronron, if that theory is true. Then just the process of making fiat paper money which involves work makes it an asset of some sort. Both gold and fiat paper are nothing but tradeble commodities in the eyes of the be holder.
who really controls what is worth what are the powers that be. One day they can say gold is worth this much. Or that fiat paper money is worth this much. ANd us peasant average folks just have to go along with it. Since most of us use these commodoties to trade with every day.
But its the big boy powers that be that allow for things to be worth this much or that much. Nice gig.
@jon. thing called history. some of it is true. try roofing with your hands in your pocket. those without hands constantly need a hand.
@ronron:
What is the VALUE of gold outside the paper empire prism?
This question is one of due relevance seeing as the lighter is being applied to the paper.
Hope does not come in an aerosol applicator: it won’t help gold along.
Nostalgia is comforting as a reinforcement mechanism: but the big boys are retooling their advantage. Unfortunately, the people seem easily swayed to their own disadvantage due to a lack of independent thinking.
There is a blight on the face of innocence. The blight is being called ‘happiness’ and ‘what’s best for the world’. What is happening, with all due respect, is that the subaltern is realizing their lack of potential and voice. Many cling to ‘guns and religion’ in a bid to stalwart their advantage: but that advantage was only reliant upon the dollar as reserve vehicle.
SuperGeek considers Americans sheltered. He is really classifying his intent upon white Americans. There are many here who have suffered want and deprivation. He feels in his arrogant self-sufficient ignorance that the white people here have no heart for those who are disadvantaged.
No one has a right to speak for another. It is legion the Americans who care for one another; who cross boundary of race and religion; who do not codify by species the application of category.
Words here at this site are cast about like poker chips. Useless game: the house owns the chips.
@Snoot. yes words are tossed around. some people don’t even realize what they’ve said. i’m no exception. i don’t own guns and am athiest. i care about a lot.
snoot, so true, i’m still amazed that the powers that be let some of us average citizens get to enjoy life a bit. Were they being kind. OR something else. I’ve watched programs at how rough it was just 50 years ago. Or 100 years ago. Obviously what has happened is machines are taking over. Which for the time being is making life a bit easier. But I have a feeling this will be short lived.
I beleive the whole scheme is to never show what they are really doing. And just giving us peasants enough to keep us busy and out of the way. Or something like that.
@jon. (they) may know what there doing but don’t know all the cosiquences.
i used to project. i switched to living one day at a time. now i live every moment.
ronron, that could be the case. The guy that did the movies terminator scarily hit on what is happening now. Machines gone wild. It could happen. OR even just get out of control. The weapons they have now are so dangerous I don’t know if the people that have them even know how to control them.
i”m not an atheist. I’m the oppisite. I beleive in everything. So just in case I’m ever to go into the next life that one of the believings was true and I get a pass to move ahead.
something for nothing. living and happyness got nothing to do with riding your cadilac to the smorgasborg.
One thing we all gotta’ remember… there are a lot more of us than there are of “them.” They ain’t gonna’ be able to take us all down, else they will be the real losers.
Remember, it would only take one prole with MDR-TB to infect bunches of these guys and then they wouldn’t be such happy campers. Our allies are simple and small. We just need to think outside of the box.
Inside trading on bailout news http://bit.ly/cIUIdn.
@ Dan – Barofsky is doing his job. He probably doesn’t want to have others second guessing his failure to hold people accountable.
Max raises the issue of legal action against the Icelandic bankers who fled their own country to go to London. The issue is that the UK government wants to extract more money from the people of Iceland. This is little more than extortion by one nation on the other.
When a party is extorting money from another, the criminal misbehavior should be prosecuted and the debt should be absolved.
Iceland is within it’s right to send a privately organized team to London to locate these Icelandic bankers, apprehend them, and then return them to Iceland. The question is whether or not London would allow them out.
What do any of us do when the national government fails to apprehend and even to investigate the issues here?
We have already laid out substantial evidence of felony crime and evidence of criminal syndicates routing huge amounts of money. Yet, we do not see the DOJ or FBI or SEC or any other alphabet agency launching formal investigation.
Odd isn’t it?
You go 57 in a 40 mph zone and get ticketed.
They get 57 Billion for 40 Billion of failure, and nothing happens.
@ norcalkid -
Remember that these same banks are the party injecting capital into the drug companies to manufacture the drugs and vaccines. When the H1N1 vaccines were in shortage in October 2009, the banks got their thousands of doses delivered while the rest of the infants and children were left out to dry.
Earlier in this thread, one person raised the question of gold being worthless.
How do you value things? Do you have your value in the paper fiat currency, the spiritual, diamonds, gold?
The placement of your value in those things is reflective of your inner decisions of where you put your faith. Some of you have no faith and therefore you have no value placed in any one item. A dark existance awaits those who have no confidence and can not proceed from faith in that item’s retaining value.
Gold and silver OVER 3000 YEARS of world history have been traditionally used in currency. The reason is that both ores are useful for other things. Gold in particular is rare and must be purified into bullion. The gold itself does not rust and does not decay over time. Therefore, gold can be used as a “placeholder” for wealth accumulation.
The use of gold or silver in various currencies is appropriate and historically relevant. Martin Armstrong has a very well researched commentary on the debasement of the Roman Empire’s currency and the emperors who made those judgments.
For those so inclined – read http://www.jsmineset.com
“The placement of your value in those things is reflective of your inner decisions of where you put your faith. Some of you have no faith and therefore you have no value placed in any one item.”
If a person had no faith, then a person would be immobile and incapable of balancing decision in life. We all place faith in our causal understanding: we have faith in gravity, in our atmosphere, in our ability to navigate without flying up into the sky. Faith has been substituted for reason in the above sentences: one uses reason when making investment apart from a nurturing or self-sustaining faith.
Faith has nothing to do with sound investment but everything to do with trusting men who sell trinkets they insist retain value in a changing paradigm. These men use shister methods for salesmenship including a reference to nostaglia, to country, to god, or to altruisism.
http://www.honestmoneyreport.com/images/title600w.jpg
@Fsnoot – Do you actually read your postings before you make them?
Your understanding of faith and investment is odd. You equate marketing from the investment house as a target of faith. In my opinion, that is not faith. The marketing for any “investment” is actually propaganda. Whether or not you choose to believe the propaganda is reflective of the confidence you place in their comments.
The underlying observations which are directly measurable is the pertinent issue in quantifying the propaganda. If I can directly measure the impact of the observation, then I can quantify the value of the comments.
You say there is “Faith in gravity”
Gravity is not a subject of “faith”. I have no doubt that gravity exists. In fact, science says that there is a LAW of gravity. Gravity is observable and clearly present.
There is no such law in the value of a fiat paper currency. I have heard that it costs the government only about $0.07 to print the paper currency. So by my guess, the $100.00 bill is the highest return on investment for the Federal Reserve. Unfortunately, the Federal Reserve is NOT able to quantify the number of paper dollars issued against gold held by the Federal Reserve.
Therefore, my use of the Federal Reserve Note is subject to “faith”.
On the other hand, I can hold gold in my hand and quantify the historical value of the 1 oz. gold coin when compared to trading across 3 millenia of human history.
“trusting men” you say in your third paragraph. May I respectfully suggest that “trust in men’ is unlikely to help you make any financial decision. Our paper currency does not say “In God We Trust” without cause.
Here’s your typical salesman attempt to equate gold to altruism and to country:
http://www.24hgold.com/english/news-gold-silver-buying-gold-creates-so-much-good.aspx?contributor=Silver&article=2577048262G10020&redirect=False
The entire article may be discounted because in the system to which the article is referencing gold, the value of gold is solely derived from gold’s participation in the corrupt dollar/reserve system. It cannot be separated from the system in any part. The price of gold being priced in dollars retains a fiat compromise on the gold: to say otherwise is to court foolishness.
But his list is boggling!
Buying gold prevents wars!!! Buying gold prevents starvation!!! Buying gold support the best class of citizen!!!
And the ‘author’ tells us that the opposite affect is in order for those who ‘lie’ about gold!
The author doesn’t mention the reality of the reform of the international monetary system: nor the expansion of the sdr through the IMF: nor the end of the dollar reserve system being tooled by the sdr expansion. To mention these items would be a negative for his entire motive in writing that crock of sh*t: TO SELL GOLD.
“Gravity is not a subject of faith”
For those who live in primitive societies without the good doctor or other scientific narratives to guide understanding, faith is indicated in a belief in the force behind an item called gravity.
“Our paper currency does not say “In God We Trust” without cause.”
Yeh, the axiom works like a charm to fool people.
“Do you actually read your postings before you make them?”
Just another way to avoid the subject and snipe at snoot instead.
I see no response to the 3000-5000 year history of use of gold as currency.
The fact is and remains that gold is a standard of currency.
Silver is also.