whats going down? news.com.au fri 6 feb 2010 secret summit of top bankers representatives of 24 central banks top secret meeting in sydney including Bernanke. Yet another breach of airport security allowing the terrorists into Australia
I had a dream. I was thinking if I can’t stand living in the West anymore to go to the North pole and learn to live the Ol Eskimo way. A lot of people think it’s though because of the cold and getting food every day and all but I saw a docu and discovered that it actually is not so harsh as it seems.
The big advantage that you have far up North is that you live in a freezer, no complains about viruses too. What those Eskimo’s do is shooting as much deer one day as they can when these animals pass by in great numbers. So they kill maybe as much as a couple of hundred and than put them just outside to let them freeze. The rest of the year they sit in their igloo shagging their only dear one. I heard that Eskimo’s are “Natural Swingers” and I finally found out why.
If you are 99% of the year sitting in your igloo with the same partner there comes a time you get bored so does your shag buddy and both you come to the conclusion to travel 100 of miles to switch buddies. That’s what you normally see on these documentaries, Eskimo’s traveling out of boringness trying to find some swinger action. It’s not for the food cause they’ve got themselves hundreds of frozen deer and fish next to the igloo.
Yeah, “running like a chicken without a head” (Doing somtin without thinking about it) is a saying here in the Netherlands but in fact it’s true I heard. Maybe there comes a day I can see it for myself but hopefully not cause that would mean the society collapsed and we have to arrange our own food. Not that there is anything wrong with that.
I friend of mine (ex refugee) killed a dove here in the refugee camp lol in the Netherlands cause those folks are used to get there own food.
@youri
my great grandma used to wring their necks and then pujt them in boiling water to make plucking easier. once she must not have done the wringing correctly and the chicken jumped out of the boiling water and ran around the kitchen. SHe used a hatchet after that. Great grandma was a tough bird
@ronron “most lily livered fuckers over here couldn’t butcher a chicken”
Yep, right and I am probably one of them but I am always willing to learn. One thing I can’t stand is suffering animals and I discovered that motivates me enough to kill them bare hand. Killed a rabbit with a stone once who’s eye was hanging out in chock on the road hit by a car.
Lately I was driving with a female friend and we hit a duck, or she did and I urged her to go back so we could finish the ducker but she refused to go back by the horror thought I guess but I was more pissed of letting the ducker dieing slowly, can’t stand dieing slowly. And she calls herself an animal lover.
So which of the PIGS will be the first to fail? Do we have bets yet? And where do all the US mortgage resets (to begin this spring) fit into the picture? The Daily Reckoning site had a scary graphic on the mortgage resets a while back.
And when do we start a collection to get Bonn a new liver?
@Youricarma. these people know how to survive. most lily livered fuckers over here couldn’t butcher a chicken. china’s people can grow food and cook it. we forgot way to much in the last 50 years.
One must not forget that China already took a beating in the first economic drop back in November ’08 but like professional communist downplay a lot of problems. They have streets full of empty factories. A lot of Chinese moved out of the still existing “Special economic Zones” with Chinese New year and were told to stay at moms and pops place on the country side not to come back. So we’ll never hear what the unemployment in China is but cause they have money to spend they put the economy on the infuse while over producing and we will see the chickens coming home to roost also in China.
But China as a whole is still better of than we in the West and if they can make their slaves consumers they have a lot to sell to themselves indeed.
@Snoot.haha. what you don’t know can’t hurt you. until years end of coarse. wouldn’t want data for commoners to peak at. how can we cheat with some one looking over our shoulder.
“French bank Credit Agricole SA’s (4507.FR) Chief Executive Georges Pauget said Thursday that the Basel II regulations had accelerated the credit crisis by forcing banks to revalue assets continually, something that has an immediate impact on capital adequacy. Speaking to Dow Jones Newswires on the sidelines of a Eurofi conference on financial regulation in Nice, Pauget said: ‘Today, with Basel II, as soon as you have the slightest downgrade (in the value of assets) it has repercussions on a large part of your portfolio … and the capital needed to make the same level of credit is increased. Because banks can’t immediately increase capital they have to reduce credit,’ he said. Ten years ago banks were able to review their credit conditions once a year, Pauget said.”
Federal Reserve Chairman Ben S. Bernanke plans to testify before the House Financial Services Committee on Feb. 10 about the central bank’s plans to withdraw emergency stimulus from the U.S. economy, according to a committee memo to lawmakers on the panel.
Bernanke and his colleagues are trying to pull back unprecedented stimulus and lending programs without impeding efforts to sustain a recovery. The Fed upgraded its economic outlook last week and reaffirmed it will end liquidity backstops and a $1.25 trillion program to buy mortgage-backed securities.
Cant belive i miss spelt me home state Punjab
PUNJAB
We ta guys who fuked Alex nt a ta rest
We tall we aggrisive but righteoes
Will kill me self if i’am wrong
Hic
Sikh regement
BC
@Bonn. i used to talk to friends and other peeps about war, depleted uranium, dead baby’s. money etc. figured out that peeps only care about cell phones and where there going on holiday. they are gonna have a rude awakaning when there future is taken away. these fucks know who’s on some fucking island. who got thrown off the island. good dancers. idles on TV. they think that is life. half them can’t cook a fucking egg.
The deformed Vietnamese children born after the war is appalling. But this is nothing compared to the Depleated Uranium that is a part of all ordinance in the US arsenal now. It has caused horrible deformations of children in Iraq, Kosovo and the US soldiers who handle and use these ordinances are also experiencing horrible health issues.
Genocide is the word. Evidently the insane monsters that decided to use DU, don’t care that both sides are dying for years to come.
@Youricarma. the world is awash with paper. don’t know where you are but ontario canada jobs are getting slaughtered. china has earned lots but now they have to consume there own stuff. hope they like beeny babies and spounge bobs. fuck we were stupid over here.
Well the housing market is a bit bubbely in China and they pored a lot of stimulus in the stock market like the U.S. so ……w’ll see but my gut tells me that China will get an other dropper in the economy but they will live through it.
China bullies the U.S. cause of Taiwan & Lama and Aahahahah! Fucki’n hypocrits, Yankees bully their most faithful delusional little brother in crime; the U.K.
@Phil/Germany. charts are useless. the stock market and the metal markets are crooked. stocks are worth nothing. the numbers don’t add up. you can go broke in paper or go broke in metal. going down with the metal. it’s shiny. there is no work in ontario. driving me nuts. i was hoping to drop dead on the job. guess i’ll buy a mirror and watch myself starve.
@jon, snoot
if you listen to the Jan 8 audio of vickers he talks about the Rockefellers coming over to his house when he was a kid and how wonderful they are because they gave us the national parks. Wow. thanks a lot.
….
There are two types of wedges; rising wedges and falling wedges. Falling wedges are considered bullish pattern formations. When found in a downwards trend the falling wedge suggests a reversal of that trend. When found in an upwards trend the falling wedge suggests a continuation of the upwards trend. The falling wedge is formed by a series of lower highs and lower lows. Notice that both the support and resistance levels of the wedge are slanted downwards, setting the wedge aside from what might be mistaken as a triangle pattern formation. Prices within the falling wedge will continue to tighten until the resistance line is finally penetrated and the breakout upwards begins. Timing a falling wedge is much like timing a triangle formation; one can generally assume that after two to three candlesticks have pushed through the resistance line it is then time to consider hoping on the bandwagon with the rest of the buyers.
marietta, vickers did sound like a smug little sheet. I just thought it was odd he was so blatant about what he said. Seemed kind of heartless and just matter of fact about it. I’m guessing he’s related to the rockefellers or rothchilds in some way.
He uses buzz words in between his awful you-knows. Seems the time is come for the message to go on msm as well as Alex.
US exports war, not just paper. Dollar value will be separated from global trade and from the export value of US war machine: the war machine won’t end with the end of the dollar.
Looks like universal draft through Rahm’s circle-of-love will continue to supply recruits.
they had a financial guy on the alex jones show just a bit ago. I think the name was david vickers. Anyway. what he said was way eye opening. BAsically he was telling what the banksters have planned. Crash everything. Bring in a digital monetary system. That the world is over populated (which I took as reducing the population). Very interesting. I don’t know if he knows who alex jones is but he was sure spilling the beans on a national radio show.
Emerging-market equity funds saw their biggest outflows in six months in the latest week, as investors moved assets into safer territory and “corporations continued to paint a gloomy picture for earnings in 2010.
@ Underfundedmentalist
Far from it
I know How ta handle te highest of Echlons tat may be
Why da ya think I know Golf me been networkin
Plus I realised me past history just lately 3 yrs back
Gonna fuck these guys where it hurts ta most
Hic
@Phil:
Tell ole-Bix Weir that fatefull has one l. And that this sentence is anachronistic:
“The key focal point of this policy is the total and complete control of both gold and silver as they are the only viable alternatives to the US Dollar as a global reserve currency.”
“May the Road you choose be the Right Road.”
This guy needs to figure out what PLANET he is one first!
@Dedo fuck off. holy shit. don’t believe it. get lost. i’m leaving. i. suprised. don’t believe you. fuck off is thrown out at many occasions. fuck off now will ya. haha
more passive in his opinions of late,..why not take heed : )
@ passive is ta worst way ta go
Lets shout out these bastards whats with censroring
Lets call a dip shit a dip shit
Obama is a dip shit he’s bushes dip shit who should be hanged fer treason along with te shadow Rulers rothchilds n Rockerfellers
Bahen Chode = mother Fuckers
Just try and shut me up
I will fuck ya in India Fuck ya big time CIA FBI
FUCK YA BIG TIME
Like eye sounds like I but it isn’t I so it makes you reread it and think bout it and it means something fiercely different from I but eye wouldn’t know much about I concerning I.
@Dedo:
I don’t know how I could be more passive lest I was asleep. Seems likely that Mother has ‘matured’ like cheese sets to do: you know, he’s coming to terms with his own limitations. Reckon he gets less bothered that-a-way.
@Frances,..I was speaking about some folk, (you amongst them),..and the message was addressed to Phil,..
BTW: I’ve noticed Mother has become more passive in his opinions of late,..why not take heed : )
“@Bonn. hahaha. @Snoot. thanks again. not selling yet. can we reboot’ forgive and forget. it’s all a lark when it comes to personalities. you can’t determine what someone means without looking in there eyes.”
@Phil/Germany. country’s that depend so much on commodities and natural resources? what else is there? if a country can feed itself and warm itself, think that would be good.
@Dedo:
Blink. Oh, are you speaking to me? My name isn’t Fanny, but I know exactly what you-meant-by-that slurred reference! But, I always considered Stella quite passive. Tooth and nail is more this:
@Phil,…It’s interesting how some folk seem to fight tooth and nail for their ideas, rather than the passive approach,(after all, this is only a virtual forum, for sharing)
It’s usually a good indicator of a certain personality/core belief/world view,..
isn’t that right Fanny,,huh, huh!
@Marietta. basically gold is not part of the SDR at this point. snoot thinks it won’t be. i think it’s in the background and will value all currencies. got gold in india. worthy of a higher value currency. got uranium in canada. worthy and so on. lettuce etc. there gonna have to kill a lot of people to jamb known slavery down everyones throat. i will be shot for sure.
Gotta get one friend Samith a good real friend of mine
And he can kick your asses on SDR’s which I don’t understand
and Lquidity ratios n stuff
Hic
Getting in touch wit him
@Bonn. hahaha. @Snoot. thanks again. not selling yet. can we reboot’ forgive and forget. it’s all a lark when it comes to personalities. you can’t determine what someone means without looking in there eyes.
Turkish girl, 16, buried alive for talking to boys
Death reopens debate over ‘honour’ killings in Turkey, which account for half of all the country’s murders
…
…
OKS Ronron here goes
I was in one of ta bigger cutys in Switzerland
Sex (6) of us entered a strip Joint after i Zero’d in on ta hottest one
She cirled ta group ; Hic after goin trough some of me friends she realised me the ALPHA male Rofl so she came over ta me
I kept feeling her backside wit me left hand cause me an ass guy
Well the night went on she desperately wanted 150 franks fer god knows what
Hic
We made sure we entered with 120 franks cause each large was 20 franks
I had me 6 large and gave her me wallet she went through it
Went through the amount of franks I had figured out I could pay fer me drinkks only
Then she started pullin ot me credit cards
She saw me debit card saw it was of no use
Then she saw me Gold Card her eyes lit up
Hic
she said “aahhhh on tis card ya can swipe 150 franks!!!”
I said “I know hunny and curtly put it away”
Well we drank n drank n then scooted
The next day I was was wondering why I did’nt feel up her top
ROFL PMSL
I realised I was’nt willing to put me Whysky Glass down
ROFL
Right hand always holds te Glass or Smoke
Hic
@ronron:
I run the risk of abuse, but since you asked with what I consider to be honest intention (how subjective are our understandings of other people’s motivations!) I believe I indicated that no one will know diddly-squat about the new international financial system until the sdr is reweighted. The reweight is scheduled to occur in 2010.
My opinion (quick run and get a pen so I can post it off to Zhou) is that the idea is to make the beef the sdr and the currencies introduced within the sdr basket will weaken each currency according to the dictum and desires of the IMF council. Zhou indicated GDP would be included. Perhaps “happiness” will be a part as well. As far as gold in the basket, that is the decision of the IMF council who have not acted particular about gold seeing as they continue their sales without hesitation. (That is if the sales are really not just accounting fictions for a substitution mechanism in the reserves)
The impetus to restrict and regulate the cross-border flow of capital would indicate that the IMF/G20/BIS is working towards a suprasovereign international clearing union which would incapacitate the common man from any hope of profit from his own nation’s wealth and allow the suprasovereign elite to control import/export/industrialization. The move to limit the size and scope of banking institutions is a move towards this goal.
The Basel 2 mandates which went into effect on 01/01/2010 are to create a cash crunch globally as banks look to build capital to levels indicated by the regulations. The end of fiscal programs by central banks look to have a deflationary effect as well. Both items should lead to a dollar strengthening and a weakness in gold.
Price itself will be called into question for gold: most probably as the time of the retooling of the sdr comes into contextual play.
*the above was solely in reference to a question from ronron and was not meant to forward any ‘purty’ writing or hijack discussion on this or any other forum
Yes, I admit, I often misunderstands posts sometimes, and sometimes think someone is getting personal … and as snoot posts such a lot, I suppose it happens more often !
BTW … the Currencies are dancing like YoYos !
Imagine trying to plan an product export business based on these moving targets .. like Airbus or Boeing ! Oh .. of course, they used Currency Swaps !
Pity that CDSs don’t stand for : Currency Default Swaps !
@snoot
so your comments aren’t an attack on Phil’s “personhood”. Well, mine aren’t an attack on your personhood either. They are an attack on your belief that anyone who doesn’t see the SDRs the way you do is some how an idiot.
And while i dont’ want to speak for ronron, i would agree that half the time I dont’ know what the hell you are talking about.
“I would also conjecture that the N.Korea nuke program was in cahoots with Pakistan/Ali Khan and Iran.”
NOP!
The U.S. gave Pakistan an N. Korea the nukes! There was a Pakistani guy studying for nuclear physicist in the Netherlands to use the knowledge to build the bomb. This guy was picked up by the Dutch secret service but the CIA urged to let him go so they did. This information was released by our formal first Premier Ruud Lubbers cause that’s how high it went all to the top.
You’ve got no idea what kinda country you live in, you better wake up soon!
@marietta:
I meant nothing demeaning: it was an attempt at humour. How can you so accurately prescribe my intentions for me? Why single me out? Is there no one else here whom you feel does not write or post in a manner according to your catalogue of just intent?
@Snoot. you do write purdy but i have a hard time understanding. i would appreciate you telling me in a little easier terms what will happen to gold. do you have any timelines. thank you for everything.
@Phil:
I did not call you naive. You are taking things personally which had no reference to your person at all. I was indicating that a BELIEF in the aspect-worldview of which I wrote in the previous paragraphs was a naive stance.
I’m sure you are much more sophisticated than that, Phil!
@Marietta;
I included that bit you copied and pasted because I hoped not to be called ‘the promoteur’ of sdr. I don’t want to discuss sdr all day ad nauseum: I often leave the topic aside for days.
I don’t need you to ‘beam me in’ to reality: I’ve got a head on my shoulders to think for myself. Snoot to earth was only an attempt to lead into a discussion regarding the real workings of those in power who don’t care what we think. To attempt to dialogue without mentioning the very real aspect of the coming reform to our system is a waste of our time. I am not here to waste my time or anyone else’s time.
Marietta; your post is very provocative and unfair. The site is supposedly a forum for discussion on financial matters: that is what I have been hoping to entice with my links regarding the sdr expansion. I am not looking to receive abuse for my efforts from you or anyone else.
Zhou is only realistically applying himself to be the acting governor representing his country on the board of the IMF. It is Zhou’s personal interest to promote the IMF goals and hegemony: he doesn’t act out of patriotic fervour.
“because, after all, someone once told you that you write real purty and no one seems to appreciate your insights and now that you’ve exposed him, he had better stop it. Because you said so.”
I wouldn’t say no one seems to appreciate my insights. I am quite sure Zhou doesn’t care what I think: but there are perhaps others who would appreciate an honest discussion concerning where the international monetary reform is going and what it will mean for the common man. Do you think that your marginalization of my intention and my writing will keep this discussion from happening, Marietta? Is that your intent?
I repeat: why is no one looking with curiosity or speculation concerning the retooling of the sdr basket weight and the consequent affect on the gold price? It would seem that that topic, at the very least, would be at the very head of the agenda of every consistent goldbug who posts or reads here.
@Phil/Germany -
that article includes a graphic of the Shahab-III missile range. The 2000 mile range seems awfully optimistic and likely is the range of the missile alone (without payload).
The mass of a nuclear “warhead” is the issue. The Shahab missile is similar to the SCUD missiles used by Saddam Hussein in Gulf War 1 – 1992.
The range is significantly shorter than 2000 miles with the warhead.
Both North Korea and Iran have the same missile technology. It is likely that this intermediate range ballistic missile technology is being shared.
I would also conjecture that the NorKor nuke program was in cahoots with Pakistan/Ali Khan and Iran. When you figure on the iranian uranium production and centrifuge capability, you can guess where NorKor got its bomb from… a combo of Iranian work and Pakistani engineering.
Notice the line designated Ghauri and look to the far right. That’s the same missile as the NorKor No Dong and the Iranian Shahab-III
Notice the range of 1300-1500 km with 700 kg payload. For those who are metric-impaired (i.e. UK and USA), you can guess that the range is around 700 miles with 1400 lb payload.
Use google maps and trace a 700 mile radius around the Iranian borders and look which nations in Eastern Europe, Asia, and the Middle East are in range. Not much right? No Eastern European nations are in range. No major Asian nations are in range…other than the “stans”. The oil producing gulf coast states are ALL in range and Israel. But, in reality, none of these nations are all that contributory to the Western economy…. unless you are addicted to oil.
Then do the same exercise around North Korea. Notice the range and cone does reach and cover much of Japan, China, and South Korea. It’s certainly enough to take out a good deal of Walmart’s production lines for the US consumer products that keep flooding our nation.
My conclusion is that a low-yield, low-efficiency atomic device (fission/Ur) could be mounted, but would be very heavy. So, the ability to use the Shahab III to deliver nuclear payloads on Isreal is limited by the engines and fuel capability of the missile.
@snoot
“I do not support the reform nor the new international system being tooled: but not to support is to oppose through acknowledgement and resistance.
One can just continue to hide one’s head in the sand, though.”
Haha! If we all agreed with you and wanted to discuss SDRs all day ad nausium what difference would that make? If no one agrees with you, how does that support the new international system? Earth to Snoot- no one with power cares what we think anyway and that includes you.
Why don’t you try this.
Email Zhou with all your links and theories and tell him that you know exactly what he’s got up his sleeve because, after all, someone once told you that you write real purty and no one seems to appreciate your insights and now that you’ve exposed him, he had better stop it. Because you said so.
We can’t see the sun because Zhou’s fat ass is sitting on everyone’s head including yours.
“Also, I am VERY sure that no nation on this earth would be stupid enough to trust their currency’s well-being to a police force (IMF) that effectively has no power.
Oupss! New little “error” by Joseph Staline Obanana statisticians. We screwed up. It”s 1,000,000 more USA unemployed. Soon nobody will working in this country.
…Wie die «Süddeutsche Zeitung» (SZ) heute berichtet, hat ein Wissenschaftler, der früher in einem sowjetischen Nuklearwaffenlabor tätig war, dem iranischen Regime geholfen, das Design für einen fortgeschrittenen Atomsprengkopf zu entwickeln. Dies haben westliche Geheimdienste und Diplomaten laut dem Bericht bestätigt….
A scientists that used to work for a Russian Nuke Lab helped them develop the smaller 2-point-implosion system that allows it to fit into the Shahab3 missile.
The Russians are anyway doing big business with Iran on nukes …acordng to a German/French TV doc. I posted about recently.
“With the dollar’s hegemony unlikely to be seriously undermined by market forces, at least in the short and medium-term, the only way to bring about a major reduction in its role as a reserve currency is by international agreement. The Chinese proposal falls into this category.
One way to make the SDR the major reserve currency relatively soon would be to create and allocate a massive amount of new SDRs to the IMF’s members. While the G-20 leaders have decided to support an SDR allocation of $250 billion, this will increase the share of SDRs in total international reserves to no more than 4%. In order to make the SDR the principal reserve asset via the allocation route, close to $3 trillion in SDRs would need to be created, an unrealistic proposition.
But there is a more realistic way for the SDR’s importance to grow. Back in 1980, the IMF came close to adopting a so-called SDR Substitution Account. The idea was to permit countries whose official dollar holdings were larger than they were comfortable with to convert dollars into SDRs. Conversion would occur outside the market, and thus would not put downward pressure on the dollar. Member countries would receive an asset that was more stable than the dollar, as it was based on a basket of currencies, thereby providing better protection against losses.”
@marietta:
Did you get around to reading Zhou’s essay? The man that wrote the article certainly did not.
“The IMF can do it one of two ways. It can take the dollars and give out SDRs, but it would run a massive balance-sheet mismatch that would bankrupt it in a week. Or it can sell the dollar and buy euro, yen, pound and Swiss franc to create the SDRs that it gives to China. That would be the same thing as China selling the dollar, which would mean that the value of the dollar would drop significantly against the euro, yen, pound and Swiss franc. And all of those countries would find themselves running very large trade deficits while the US may actually run a trade surplus; so they would be absorbing the Chinese trade surplus — and possibly a US trade surplus too. I don’t think they will permit it.”
“The centralized management of its member countries’ reserves by the Fund will be
an effective measure to promote a greater role of the SDR as a reserve currency. To
achieve this, the IMF can set up an open-ended SDR-denominated fund based on
the market practice, allowing subscription and redemption in the existing reserve
currencies by various investors as desired. This arrangement will not only promote
the development of SDR-denominated assets, but will also partially allow
management of the liquidity in the form of the existing reserve currencies. It can
even lay a foundation for increasing SDR allocation to gradually replace existing
reserve currencies with the SDR.”
It is obvious to everyone that the dollar/reserve system has reached a level where the imbalance inherent within the system indicates a necessity to retool a new reserve system with the reserve currency not tied to any one economy. Chinese elite functionaries see only advantage within the new system: the dollar assets in reserve may be substituted for sdr through the substitution account (open-ended fund). US has agreed to a 100Bdollar line of credit to the IMF.
Zhou holds the premier position in Chinese finance: his words are an indication of a concensus.
I do not support the reform nor the new international system being tooled: but not to support is to oppose through acknowledgement and resistance.
One can just continue to hide one’s head in the sand, though.
… What are the merits and demerits of having SDRs as the alternative ‘super sovereign reserve currency’ that China wants?
I’d argue that if we were to switch to the SDR, it would have a couple of consequences. One would be that the US would no longer be able to run massive current account deficits. But the flip side is that countries that have generated growth by running massive current account surpluses — China and the Asian Tigers — would no longer be able to do that. If I were an Asian Tiger or an Asian exporter, I’m not sure I’d be in a great hurry to see that.
The other problem is: how do you actually make the transfer? There are two ways. Let’s say China says to the International Monetary Fund: “Here’s 2 trillion in dollars, give me the equivalent in SDR”.
The IMF can do it one of two ways. It can take the dollars and give out SDRs, but it would run a massive balance-sheet mismatch that would bankrupt it in a week. Or it can sell the dollar and buy euro, yen, pound and Swiss franc to create the SDRs that it gives to China. That would be the same thing as China selling the dollar, which would mean that the value of the dollar would drop significantly against the euro, yen, pound and Swiss franc. And all of those countries would find themselves running very large trade deficits while the US may actually run a trade surplus; so they would be absorbing the Chinese trade surplus — and possibly a US trade surplus too. I don’t think they will permit it….
Basically, having National currencies is the only and best way IMO.
Imagine the IMF trying to force some delinquent party to pay up !
Also, I am VERY sure that no nation on this earth would trust their currency’s well-being to a police force (IMF) that effectively has no power.
Just look at the UN for an example of a global committee !
@MotherEarth:
I think the new paradigm is one of keeping down the citizens through insurgent combant control: or of genocide. We don’t get to choose.
Paper: we’ll be lucky to have paper to wipe our asses if we continue to ignore the power-criminals and tear down our own banking structure out of spite.
@frances .. be assured, we all love you.
But when you keep yapping on about SDRs and effectively trying to shove them down my throat … I get a bit irate sometimes!
I done told Pa money is set to advantage only, but he’z insistin’ on sittin’ round a spittin’ and talkin’ ’bout them good ole-days when white skin meant advantage and gold was the color of ‘honest money’. He’z a’claimin as well that he’z knowin’ from hearin’ tell off this here feller Mises, or Midas, or some-such feller.
But it ain’t a gonna work fur nothin’ seein’ as how the new advantage is not gonna be available to us, the honest dopes, who’z set to be considered criminal for any crimes against the Queen’s purse, er capital. I told Pa that this here Missus, Mises, or whoever, he ain’t aware that time’s done changed past couple centuries and we’z all hooked up like together in one international finance system. Can’t go and leave without gettin’ nothin’. Mises thinks airy-thing is contained in a perculiar system of settin’ fish tanks what with nothin’ interactin’ but some hand goin’ bout throwin’ in fish-food, er money.
Ain’t like that a’tall. But Pa, he just keeps sittin’ thare with his fellers and sayin’ I “don’t get it”.
It’s frustratin’ like, but I say, ya’ll gotta suits yurself, cuz it ain’t my money, ainhoots. I nairy earned much but readin’ most-like.
Ultimately in war what is there to fight for ? Not a paper currency that will be replaced afterwards, but something that can always be traded even fr away from a battlefield. So what do you thing waring parties will want to increase their enducance in a protracted conflict. Wharehouses full of paper?
The dependence on contracts and paper in conflicts, as well as the carefully layed in conflicts that we actually see mean that 1. there is no reason to go to war except lazyness and greed. 2. The public and governments are all thogoughly indoctrinated to think that words mean more than deeds (speculation proves my point). 3. Some agency is laying on real physical pain out there to keep the less advantaged in line (we know that is the CIA)..
I’m not linking peter-pan. It seems the most powerful men in the world are the ones who do not adhere to your perspective. The elite who control armies: these men control the currency gyres and now do not deign to share.
Why are the sovereign wealth funds invested in sdr? Why the fiat sdr allocation of 250B? Why the ‘gold sales’ to make a liquid market in sdr? Why the IMF sdr-denominated bond sales? What happens to gold after the sdr reweight in 2010?
The sdr, the heart of the international financial system, is called by you a ‘red herring’.
…
Special Drawing Rights (SDR) will not compete with key reserve currencies for the foreseeable future because they are not used to denominate widely traded assets, the central bank governor of major oil producer Saudi Arabia said.
Muhammad Al Jasser, the governor of the Saudi Arabian Monetary Agency (Sama), told Reuters in an interview that Saudi Arabia has managed assets as reserves and not as sovereign wealth funds, or state-owned investment vehicles, and are focusing on safety, liquidity and risk-adjusted returns.
SDRs, the International Monetary Fund’s internal unit of account, have gained prominence recently after China proposed that they could be used as an alternative to the dollar as the world’s reserve currency.
“The SDR is purely an International Monetary Fund reserve currency. By no means is it an internationally traded reserve currency in the sense of having a lot of diversified assets denominated in that currency,” Jasser said late on Sunday in the Swiss city of Basel.
“Hence it cannot compete with major currencies of the world in the global financial markets such as the dollar, euro, yen, sterling or Swiss franc. Therefore I do not anticipate that SDRs could in the foreseeable future replace any of these reserve currencies,” he said on the sidelines of a meeting of central bank governors at the Bank for International Settlements.
…
…
In case you missed this photographic evidence from @teresa that I posted in jibber jabber thread; Paulson is a sociopath, a psychopath, and a disturbed serial killer of the economy and markets:
Why is it that not one journalist is speculating on the sdr- reweight? Here’s all I could find: a regurgitation of Strauss-Kahn’s wet dream:
“NO TIME TO LOSE
Strauss-Kahn expressed concern that political willingness to overhaul the international monetary system will falter if, in a year’s time, the visible signs of the economic crisis have faded.
He said the momentum to cooperate had already eased somewhat, six months after the London summit of the Group of 20 agreed on a need for change to ensure a more stable global financial order.
A former IMF chief, Michel Camdessus, said time was of the essence to embark on reform of the global monetary system.
“This favourable window of opportunity is there. It will not stay open forever,” he told the forum at which Strauss-Kahn spoke.
Camdessus gave broad backing to a recent proposal by Chinese central bank governor Zhou Xiaochuan that an expanded SDR could eventually replace the dollar as the global reserve currency.
“Our Chinese friends mean business,” he said of Zhou’s plan.
As a corollary of a strengthened role for the SDR, governance changes were needed at the Fund to shift power to big emerging economies, Camdessus said.
To that end, the SDR basket must be modified to include the yuan and perhaps the Indian rupee and Brazilian real as well.
No one can speculate on currency inflation/deflation in the future without consenting to discuss the sdr/basket reweight due in 2010.
SDR basket makes advantage for Europe: the sdr is the unit of account for IMF/BIS and for French/Dutch colonial African interests. Sovereign interest represented by the elite also benefits from a system whereby the commoners (aka everybody) are detached from global trade profits.
@snoot
Frances you may be right about their level of control of events but such complex interactions can spiral into uncontrollable reactions , but perhaps I am being naive.
I used to go on walking holidays in the Pyrenees and the interaction between Spanish and French Border authorities was fascinating to me , – after 1991 that changed completly
My point is that Spain depended on french people spending their money on cheap goods and most of that business has died , – replaced by transfer payments from the Germans which fueled roads to nowhere and endless houses fed by cheap credit. These” investments” fueled by debt are now generating little or no return while the more sophisticated northern countries have modernized their infrastructure.
In fact the French authorities refused to continue operating a railway line between oloron and jaca after a railway accident in 1970 because they were losing francs to the Spanish tourist economy ! http://www.forbidden-places.net/urban-exploration-canfranc-railway-station
Oye Amandeep usse be sikh Jat
I gave ya a shout out in one of ta earlier threads
Saying Sadda locals de nal Shoulda gone to see Bill Gates arrive and shout at that MF at ta airport or somewhere
about his 10 Bill $ vaccine and Depopulation drive aur Sub
Hic woh gandu eek Bahen Chode hai
@Phil:
Who controls the effing dollar? I would say the BIS out of Switzerland: enabling Europe, not America. Which elite own interest in the bank? What interests does the world bank/imf service?
The risk to Europe is exposure. The American’s are proxy-dopes aka guns for the European elite colonial interests. But these pd-guns are working for payment through a European-controlled currency system.
What happens when sdr/reserve system is in place? Will America cease serving Europe? Won’t the power become consolidated to Europe: is not consolidated power more of a threat?
Why is the sdr expansion and the real reform to the international monetary system (within the reserve structure of sovereign reserves) ignored by the media. Why do we rarely if ever hear about the BIS? Why is the cancer considered incised through the removal of Wallstreet securities and Washington consensus?
The US is profiling its citizen..the doctors know about hereditary diseases and the insurers won’t take advantage? How do you know this won’t end up on your resume? There is so much to creep you out its amazing.
Here in Holland we have a case where the person adding to the IPCC raport took his data from a greenpeace pamflet. That is undermining the trust right there..
wondering if true central banks are buying gold … frmo a trading perspective accumulation by big buyers takes time and occurs in a captured price band (trading range) … looking at the longer term chart .. and remembering what Max said a while back .. there will be big buyers support 1000 US dollar gold price.
without any understanding of the economic fundamentals, technically I can see the possibility of the price of gold oscillating around an “axis line of 1000″ as the accumulation process takes place with a decent shake out right be before mark up begins again or we hit 1000 and demand shows back up in spades and price is off to the races …
just thinking out loud.
quarterly ranges with weekly bars … http://www.StockSharePublishing.com/ChartLib/GC___CCS_02_05_09_49_1265381342.png
@Dork:
EU wants to continue milking the “piigs”. Why would anything happen currency-wise until after the sdr reweight? Germany is aware of the significance of the sdr reweight, even if ‘that journalist on Bloomberg’ feigns ignorance.
@Mother Earth …. It seems the integral approach of the bankers is to create and ocean of fake trade liquidity so any individual investor can be pushed in any direction. It seems there are no commodities or markets that are both highly liquid and not under the control of banks. This gives the naieve investor no way out of the maze and allows the bankers to blame the weather (which they make themselves) for the fortunes of market participants..Its the old rule: If you want to control without challenge, be the environment..
Very well said … I agree 100%
.
. ALL the pricing on WS is just Alice in Wonderland fairy tale stuff.
All those BK banks and big corps. , as well as many bogus companies that trade on WS. NOT TO MENTION all the NAKED SHORTING.
@snoot
I was merely repeating a idea floated by a journalist on Bloomberg television.
I believe that the journalist may write something along those lines tomorrow on the LEX column , although that could change.
I personally believe that the euro will split in two with the stronger northern axis orbiting a French/Germanic centre .
It seems the integral approach of the bankers is to create and ocean of fake trade liquidity so any individual investor can be pushed in any direction. It seems there are no commodities or markets that are both highly liquid and not under the control of banks. This gives the naieve investor no way out of the maze and allows the bankers to blame the weather (which they make themselves) for the fortunes of market participants..Its the old rule: If you want to control without challenge, be the environment..
Here’s an interesting few clips, with a guy named Rik Clay,..just thought I’d put it out there,..keep an open mind is my philosophy! : )
But also, keep a guard on it,.. http://www.youtube.com/watch?v=AxrwKEQZdec
@Phil:
Thanks for that exhaustive answer! I often wonder why gold-bugs desire the ‘death of the dollar’ and then hope for the escalation of gold price. The goldbugs cheer high dollar-priced gold within the corrupt system, yet also desire an end to the system which provides these inflated prices.
“France’s Foreign Minister Bernard Kouchner said the Iranian offer, which came in the form of televised remarks by Iranian President Mahmoud Ahmadinejad Tuesday, looked like an attempt “to buy time.” “I’m perplexed and even a bit pessimistic,” said Kouchner. Later Wednesday, French Prime Minster Francois Fillon vowed that France, which currently presides over the UN Security Council, will press for new “strong sanctions” against Iran. “It is not too late to stop Iran from acquiring military nuclear capacity through political ways, but the time is pressing,” declared Fillon.
German Foreign Minister Guido Westerwelle said that if Iran has any proposals to make it should submit them forthwith to the IAEA in Vienna: “It is up to Iran to show an end to its refusal to negotiate… In the past two months and years, we have seen a lot of maneuvering by Iran and that is why only actions count, not words.”
German Chancellor Angela Merkel previously declared February the “decisive” month for resolving the impasse between the great powers and Iran over its nuclear program, adding that Germany would press for the European Union to impose additional sanctions on Iran if the UN failed to act.”
“Brazil and Russia joined China this week in saying they would shift some $70 billion of reserves into multicurrency bonds issued by the International Monetary Fund.”
multicurrency bonds=sdr-denominated bonds
BUT NO ONE WANTS TO SAY THAT; It would indicate that the advantage is being taken away from those without access to the IMF sdr-game.
@frances … Are you saying that the gold price is intrinsically wound around the ETF market?
…. As I have written on numerous occasions, the large “bullion-ETF’s” – which are backed by nothing but banker promises – exist for one purpose: to dramatically dilute the number of dollars entering this sector, in order to assist the anti-gold cabal of bankers in their three-decade long price-fixing campaign. ….
I have been watching the single trades on GLD for a long time, and it always seems to be leading the physical price direction.
I also posted months ago that the GLD ETF would be a VERY convenient instrument to manipulate prices, just like any other stock.
Secondly, if GLD really does hold the correct physical inventories – as claimed – then it would be of course an excellent coup for the US Govt. if they ever decided to confiscate private gold ownership.
@ Dedo
Nice link just got to it “Political Ponerology”
Another Topic fer Max & stacey to disect
Hic
With Alexander Hitler Nappy all with questionaple Physcopathic tendencys
@Phil/Germany:
Shamus Cooke ignores the nuclear five working in synergy through the UN Security Council to operate colonial theft through rhetorically gooey ‘humanitarian’ actions.
Does Shamus indicate that the US will move unilaterally outside of Nato? He ignores Nato completely: he ignores France and Germany prodding the US war machine.
@Y’All
I guess the clues in the name… POOR TOO GAL, huh, Portugal always seems to come out really low in those polls that measure quality of life, it’s always had one of the lowest standards of living in europe also the homocide rates their are really, really high!!!
http://tinyurl.com/y8w9jw4
I stopped looking for work
The number of discouraged job seekers is at an all time high. These readers tell us what it’s like to give up on the job search.Moved in with mom and dad…………………….
Actually my realization came when suddenly I said Hold on a minute there is something wrong with this Picture (around 3 years back)
tats when I Started doing some digging around by first checking WTC’s following ta money trail of all events after tat
Hic
Life cant just be a bitch then ya die
Once Europe starts to realize its been Hoodwinked even worse than a 3rd world country all ta while
PS. Well IMO there are at least 10 level’s of status’s of countrys
ya cant narrow it down ta 3
Germany pulling out of the Euro..there is the irony: Banks want us to share the burden of an economic block but then want us to compete for loans. Germany will pay with less competitive prices for export but it will gain that the looting of that country with cheap money stops. Its a rigged game, and imho the most sensible thing to do is have local currency areas that can respond to local needs for velocity or better still, have a mutual currency that is has a limited supply. Let the bankers work at mcdonald, never had such a undeserving bunch had such rediculous power.
@ The Dork of Cork
Once these Jerks understand tat NWO doesnt werk has’nt werked will never werk
We can go back to normal living
The one Argument I got was well its easy to get paid
@ the cost of loosing yer freedom and Liberty ??????
Listening to bloomberg a FT journalist floated the idea of Germany pulling out of the eurozone , leaving the rump Euro to devalue relative to a new stronger deutschmark
Interesting….. things must be coming to a head
They’d hafta deny Military Personell Net Access
I dunno if they are already denied
Hic
Hey Stacey how bout an Exposey on tat topic if its true they are denied NEWS
Surely its Important IMO
@ Phil /Germany
I dont think they got ta $$$$$$$$ or personal
And Surely tis time Military Personal’s Eyes will open
They’ll get to know they’ve been Lab rats
IMO
Hic
Another U.S. War? Obama Threatens China and Iran
…
… The possibility of yet another U.S. war became more real last week, when the Obama administration sharply confronted both China and Iran. The first aggressive act was performed by Obama’s Secretary of State, Hillary Clinton, who “warned” China that it must support serious economic sanctions against Iran (an act of war).
Clinton said: “China will be under a lot of pressure to recognize the destabilizing effect that a nuclear-armed Iran would have, from which they receive a significant percentage of their oil supply.”
Member Adolfy got Screwed because of ta Russian Winter
Brrrrrrrrrrrr
Hic
I had a friend who is Siberan
They Have beer stalls every 50 yards or so
Vodka away Stacey
Yes, it’s like scientology how they keep on about gold. Of course if you had no other use for it its performance has been excellent, so its more like they are touting a truth that is ‘uncommercial’ (like climate change). As long as people stare at the comex puppet it will be possible to discourage them from buying gold as they see all this volatility (which has oddly been predicted by the msm). This allows the puppet to continue to pass for a real price, which is preposterous.
People are still bidding up gold to a kilo eqivalent of 26000 Euro on Ebay (without shipping added).
According to Internet sources ( Jim Willie IIRC ) , the physical inventories at the major exchanges are declining rapidly.
The problem is, these people have been chanting this or similar ( Comex crashes etc. ) for years…. and of course it has never happened.
My take is that the “digital Fiat” printing press has no problem in throwing Billions if not Trillions to short the (paper) Gold prices into oblivion . The $-volume on those exchanges is peanuts compared to their daily stock/bond paper markets. Throwing a few more Billion out the window to short gold is peanuts for them.
We need a complete “MSM fraud discovery” of the ponzi paper markets to stop this game IMO. Not much likelyhood of that happening soon … unless it’s an external event from the BRIC nations.
JMHO FWIW
“Israeli Navy together with the US Fifth Fleet have for some weeks been charting Persian Gulf waters and Iranian shorelines in preparation for attacks by Israeli naval and special operations forces.
IDF intelligence and special forces officers, they also say, have been marking out routes for their air and ground forces to drive into Iran and hit its nuclear installations.”
@ME …Why the gold exodus. That can’t be physically owned gold..
Correct IMO …. Paper prices IMO
The GLD ETF is IMO being used to manipulate the Gold price … BigMoney now has easy access to shorting GLD, rather than the more cumbersome and expensive LME/Comex.
Sprott Asset management has apparently issued it’s own ETF that guarantees physical.
@Y’ALL
lucky I didn’t mention her ‘inner circle’
whats going down? news.com.au fri 6 feb 2010 secret summit of top bankers representatives of 24 central banks top secret meeting in sydney including Bernanke. Yet another breach of airport security allowing the terrorists into Australia
Is Volcker rule political posturing or perfect fix http://bit.ly/c25prd
Anticancer_a new way of life
http://www.youtube.com/watch?v=2lwiQm5QaTs&feature=player_embedded
*Obama’s rise to power can be spelled CIA?
http://www.parenting-healthy-children.com/News.html
I had a dream. I was thinking if I can’t stand living in the West anymore to go to the North pole and learn to live the Ol Eskimo way. A lot of people think it’s though because of the cold and getting food every day and all but I saw a docu and discovered that it actually is not so harsh as it seems.
The big advantage that you have far up North is that you live in a freezer, no complains about viruses too. What those Eskimo’s do is shooting as much deer one day as they can when these animals pass by in great numbers. So they kill maybe as much as a couple of hundred and than put them just outside to let them freeze. The rest of the year they sit in their igloo shagging their only dear one. I heard that Eskimo’s are “Natural Swingers” and I finally found out why.
If you are 99% of the year sitting in your igloo with the same partner there comes a time you get bored so does your shag buddy and both you come to the conclusion to travel 100 of miles to switch buddies. That’s what you normally see on these documentaries, Eskimo’s traveling out of boringness trying to find some swinger action. It’s not for the food cause they’ve got themselves hundreds of frozen deer and fish next to the igloo.
@marietta
Yeah, “running like a chicken without a head” (Doing somtin without thinking about it) is a saying here in the Netherlands but in fact it’s true I heard. Maybe there comes a day I can see it for myself but hopefully not cause that would mean the society collapsed and we have to arrange our own food. Not that there is anything wrong with that.
I friend of mine (ex refugee) killed a dove here in the refugee camp lol in the Netherlands cause those folks are used to get there own food.
@youri
my great grandma used to wring their necks and then pujt them in boiling water to make plucking easier. once she must not have done the wringing correctly and the chicken jumped out of the boiling water and ran around the kitchen. SHe used a hatchet after that. Great grandma was a tough bird
@norcalkid
Maybe some clues:
Santander slide continues amid Spain fears http://tinyurl.com/yfnjtuk
Portugal opts to increase spending as debt woes linger http://tinyurl.com/yhtecze
@ronron “most lily livered fuckers over here couldn’t butcher a chicken”
Yep, right and I am probably one of them but I am always willing to learn. One thing I can’t stand is suffering animals and I discovered that motivates me enough to kill them bare hand. Killed a rabbit with a stone once who’s eye was hanging out in chock on the road hit by a car.
Lately I was driving with a female friend and we hit a duck, or she did and I urged her to go back so we could finish the ducker but she refused to go back by the horror thought I guess but I was more pissed of letting the ducker dieing slowly, can’t stand dieing slowly. And she calls herself an animal lover.
So which of the PIGS will be the first to fail? Do we have bets yet? And where do all the US mortgage resets (to begin this spring) fit into the picture? The Daily Reckoning site had a scary graphic on the mortgage resets a while back.
And when do we start a collection to get Bonn a new liver?
@Youricarma. these people know how to survive. most lily livered fuckers over here couldn’t butcher a chicken. china’s people can grow food and cook it. we forgot way to much in the last 50 years.
Airport Body Scans Increase Radiation Exposure Risk, Safety Committee Says http://tinyurl.com/ycvbnm5
I have decided tat untill we go ahead with ta next nuke war we hafta reach 16 billion peeps
we could find another planet fer the phycycopaths
Hic
@ronron
One must not forget that China already took a beating in the first economic drop back in November ’08 but like professional communist downplay a lot of problems. They have streets full of empty factories. A lot of Chinese moved out of the still existing “Special economic Zones” with Chinese New year and were told to stay at moms and pops place on the country side not to come back. So we’ll never hear what the unemployment in China is but cause they have money to spend they put the economy on the infuse while over producing and we will see the chickens coming home to roost also in China.
But China as a whole is still better of than we in the West and if they can make their slaves consumers they have a lot to sell to themselves indeed.
@Snoot.haha. what you don’t know can’t hurt you. until years end of coarse. wouldn’t want data for commoners to peak at. how can we cheat with some one looking over our shoulder.
“French bank Credit Agricole SA’s (4507.FR) Chief Executive Georges Pauget said Thursday that the Basel II regulations had accelerated the credit crisis by forcing banks to revalue assets continually, something that has an immediate impact on capital adequacy. Speaking to Dow Jones Newswires on the sidelines of a Eurofi conference on financial regulation in Nice, Pauget said: ‘Today, with Basel II, as soon as you have the slightest downgrade (in the value of assets) it has repercussions on a large part of your portfolio … and the capital needed to make the same level of credit is increased. Because banks can’t immediately increase capital they have to reduce credit,’ he said. Ten years ago banks were able to review their credit conditions once a year, Pauget said.”
http://www.compliancehome.com/resources/Basel-II/Articles/page1.html
@Bonn. what time is it in russia. maxy and stacy are on radio at 9 pm
@Youri. think they will show ben on TV too? hahahaha. fucking propagada. when i see a link to TV news i get ascared.
@Bonn. wait till the peeps find out food doesn’t come from a store.
Federal Reserve Chairman Ben S. Bernanke plans to testify before the House Financial Services Committee on Feb. 10 about the central bank’s plans to withdraw emergency stimulus from the U.S. economy, according to a committee memo to lawmakers on the panel.
Bernanke and his colleagues are trying to pull back unprecedented stimulus and lending programs without impeding efforts to sustain a recovery. The Fed upgraded its economic outlook last week and reaffirmed it will end liquidity backstops and a $1.25 trillion program to buy mortgage-backed securities.
From: Bernanke to Testify on Fed Exit Strategy on Feb. 10 http://tinyurl.com/y8qey2l
Cant belive i miss spelt me home state Punjab
PUNJAB
We ta guys who fuked Alex nt a ta rest
We tall we aggrisive but righteoes
Will kill me self if i’am wrong
Hic
Sikh regement
BC
SVM — check it out
@Bonn. i used to talk to friends and other peeps about war, depleted uranium, dead baby’s. money etc. figured out that peeps only care about cell phones and where there going on holiday. they are gonna have a rude awakaning when there future is taken away. these fucks know who’s on some fucking island. who got thrown off the island. good dancers. idles on TV. they think that is life. half them can’t cook a fucking egg.
Fuck em Stacey n Max I will give ya a safe haven in ta Pujab if required
Hic
Sadly tis wont come public
The deformed Vietnamese children born after the war is appalling. But this is nothing compared to the Depleated Uranium that is a part of all ordinance in the US arsenal now. It has caused horrible deformations of children in Iraq, Kosovo and the US soldiers who handle and use these ordinances are also experiencing horrible health issues.
Genocide is the word. Evidently the insane monsters that decided to use DU, don’t care that both sides are dying for years to come.
Since the plan is to depopulate 90% it
@Youricarma. the world is awash with paper. don’t know where you are but ontario canada jobs are getting slaughtered. china has earned lots but now they have to consume there own stuff. hope they like beeny babies and spounge bobs. fuck we were stupid over here.
@ronron
Well the housing market is a bit bubbely in China and they pored a lot of stimulus in the stock market like the U.S. so ……w’ll see but my gut tells me that China will get an other dropper in the economy but they will live through it.
OOOOooooooooooooohhhh Youri Carma
Hate tis UK bitch
Cummon stand up be a MAN/WOMAN
did’nt wanna dish women
Hic
Land IMO has never lost its value
China bullies the U.S. cause of Taiwan & Lama and Aahahahah! Fucki’n hypocrits, Yankees bully their most faithful delusional little brother in crime; the U.K.
U.K. defense giant BAE handed $447 million in fines by U.K., U.S. regulators http://tinyurl.com/ydftedk
BAE Systems settles with US DOJ, UK SFO http://tinyurl.com/yeah8da
@ ronron
I personally have 0.25 % of me wealth invested in Gold or ta Stock market
Hic
@Bonn. are you locals holding US dollars or dumping them. my friend just got back from india and said nobody wanted US dollars?
@ Ronron
check earlier posts on ta MEp
Hic
@Youricarma. so cash reserves are a bubble. hmm. the us dollar is a thank you note?
OOOOOOOOOOOOOOO oooooooooooooo h
Lost all me poker chips again
Who ‘s there ta fight
Hic
China to impose sanctions on “large” US companies over Taiwan arms sale http://tinyurl.com/ykfjfnk
US rejects China pressure over Dalai Lama meeting http://tinyurl.com/ygww8ea
China to set anti-dumping measures on U.S. chicken http://tinyurl.com/yfh2h7e
@snoot
sorry, didn’t mean to use word conspiracy. you’re right it’s all in the open. need a new word
China’s 2009 current-account surplus falls 35% – First decline since 2001 http://tinyurl.com/yg6zwxx
China: Biggest Bubble in History Is Growing Every Day http://tinyurl.com/ybb8k9d
U.K. producer prices up 0.4% in January http://tinyurl.com/ylcrdp6
@Phil/Germany. charts are useless. the stock market and the metal markets are crooked. stocks are worth nothing. the numbers don’t add up. you can go broke in paper or go broke in metal. going down with the metal. it’s shiny. there is no work in ontario. driving me nuts. i was hoping to drop dead on the job. guess i’ll buy a mirror and watch myself starve.
@jon, snoot
if you listen to the Jan 8 audio of vickers he talks about the Rockefellers coming over to his house when he was a kid and how wonderful they are because they gave us the national parks. Wow. thanks a lot.
but my dollar rules
@namarama. no worry’s. up down it’s all crooked. steady as she goes.
PS@Falling Wedge …
@namarama … Our gold is sinking.
….Falling Wedge .. hopefully
….
There are two types of wedges; rising wedges and falling wedges. Falling wedges are considered bullish pattern formations. When found in a downwards trend the falling wedge suggests a reversal of that trend. When found in an upwards trend the falling wedge suggests a continuation of the upwards trend. The falling wedge is formed by a series of lower highs and lower lows. Notice that both the support and resistance levels of the wedge are slanted downwards, setting the wedge aside from what might be mistaken as a triangle pattern formation. Prices within the falling wedge will continue to tighten until the resistance line is finally penetrated and the breakout upwards begins. Timing a falling wedge is much like timing a triangle formation; one can generally assume that after two to three candlesticks have pushed through the resistance line it is then time to consider hoping on the bandwagon with the rest of the buyers.
…
…
http://falconbrokers.com/index.php?option=com_content&view=article&id=92&Itemid=109&limitstart=2
Bad News for Germany is bad news for the Netherlands
Germany’s industrial output unexpectedly fell in December http://tinyurl.com/y9p9mpe
German industrial output downdropped 2.6% in December from the previous month on month http://tinyurl.com/yj77ez7
Germany’s unemployed rise to 8.2% January from 8.1% in December http://tinyurl.com/ye9o9mz
marietta, vickers did sound like a smug little sheet. I just thought it was odd he was so blatant about what he said. Seemed kind of heartless and just matter of fact about it. I’m guessing he’s related to the rockefellers or rothchilds in some way.
ronron
Our gold is sinking.
wots up?
should i be worried? Max hasn’t mentioned gold in a while. Also , The ad at the top of my page no longer is about gold.
Anyone?
Islington Screen on the Green – “The Green Screen”
Anyone ever been there ?
Those were the days … when we were young.
http://www.everymancinema.com/cinemas/filmlisting.asp?cn=1&ci=5&ln=1&pi=1896
Conspiracy indicates a move that is esoteric in origin or action: the international monetary reform is neither. Here is a blurp of Vickers:
http://www.infiniteunknown.net/2009/11/08/damon-vickers-on-cnbc-the-dollar-will-utterly-get-destroyed-new-global-currency-new-world-order/
He uses buzz words in between his awful you-knows. Seems the time is come for the message to go on msm as well as Alex.
US exports war, not just paper. Dollar value will be separated from global trade and from the export value of US war machine: the war machine won’t end with the end of the dollar.
Looks like universal draft through Rahm’s circle-of-love will continue to supply recruits.
@jon
Vickers claims he listens to alex jones all the time. seems like he enjoys toying with those that believe in the conspiracy
these lyrics seemed fitting, ‘let the good times roll’
http://www.youtube.com/watch?v=WOhdlVUg9uc
@jon
that guy was on AJ in early Jan. Smug little bastard.
http://www.prisonplanet.com/the-alex-jones-show-l-i-v-e-january-8th-with-damon-vickers.html
they had a financial guy on the alex jones show just a bit ago. I think the name was david vickers. Anyway. what he said was way eye opening. BAsically he was telling what the banksters have planned. Crash everything. Bring in a digital monetary system. That the world is over populated (which I took as reducing the population). Very interesting. I don’t know if he knows who alex jones is but he was sure spilling the beans on a national radio show.
Did’nt get ya don’t care too
I will truly fuck ya in India remember me grand dad was a high court judge
Hic fuck face CIA FBI
Rofl
powerless to the pun, bonn, the pun!
not the hun
Emerging-market equity funds saw their biggest outflows in six months in the latest week, as investors moved assets into safer territory and “corporations continued to paint a gloomy picture for earnings in 2010.
From: Emerging-market equities lose flows for 24th week http://tinyurl.com/yd24fx6
Off ta poker Hic
@ Underfundedmentalist
Far from it
I know How ta handle te highest of Echlons tat may be
Why da ya think I know Golf me been networkin
Plus I realised me past history just lately 3 yrs back
Gonna fuck these guys where it hurts ta most
Hic
Bloomberg Audio .. on Sovereign Debt & Default
http://media.bloomberg.com/bb/avfile/Politics/Law/vKRmDEs88hq8.mp3
FWIW
@ronron
I can’t help myself, that’s the first step you know,
admitting you are powerless
to the pun.
@Phil:
Tell ole-Bix Weir that fatefull has one l. And that this sentence is anachronistic:
“The key focal point of this policy is the total and complete control of both gold and silver as they are the only viable alternatives to the US Dollar as a global reserve currency.”
“May the Road you choose be the Right Road.”
This guy needs to figure out what PLANET he is one first!
@underfunded. i knew you would say that. hahaha.
Bonn’s eyes?
or Bonzai!!!
dis,..
@Snoot. there you go proving me wrong. don’t need to see Bonn’s eyes.
Gold and the US Strong Dollar Policy
http://news.goldseek.com/GoldSeek/1265389260.php?
Pretty funny, if it wasn’t so true !
real…..nah,..synonymous
@Frances,…Passion/passivity,…both are real to the mind ! : )
i love you too snoot. you sure can confuse a fella.
EYE LOVE YOU RONRON!
@Dedo:
Passive is different from dispassionate. Passive being action; passion being feeling; dispassionate is the absolute indifference to feeling.
One can be passive and passionate. Look at Bonn!
@Frances. cool with me, whatever you meant i don’t know. if you find me bothersome just say the pertinent words. i got thick skin.
@Bonn,..Yeah, you get all angry, if it helps!,…let it out my son : /
@Dedo fuck off. holy shit. don’t believe it. get lost. i’m leaving. i. suprised. don’t believe you. fuck off is thrown out at many occasions. fuck off now will ya. haha
more passive in his opinions of late,..why not take heed : )
@ passive is ta worst way ta go
Lets shout out these bastards whats with censroring
Lets call a dip shit a dip shit
Obama is a dip shit he’s bushes dip shit who should be hanged fer treason along with te shadow Rulers rothchilds n Rockerfellers
Bahen Chode = mother Fuckers
Just try and shut me up
I will fuck ya in India Fuck ya big time CIA FBI
FUCK YA BIG TIME
@ harry
thanks for the sucking sounds post. Wepollock I can understand.
@ronron,….write a list of the different meanings of fuck,.would be interesting! Pleeeeeaaase,…: )
cool, eh ronron?
Like eye sounds like I but it isn’t I so it makes you reread it and think bout it and it means something fiercely different from I but eye wouldn’t know much about I concerning I.
How about the eyes have it?
Stop being cool
http://www.youtube.com/watch?v=rKO2lVj47Tc
@Snoot. look carefully at that eye. tells me a lot. mason eyes are easy though.
@Dedo:
I don’t know how I could be more passive lest I was asleep. Seems likely that Mother has ‘matured’ like cheese sets to do: you know, he’s coming to terms with his own limitations. Reckon he gets less bothered that-a-way.
I never considered my agency above a snail’s.
@Frances,..I was speaking about some folk, (you amongst them),..and the message was addressed to Phil,..
BTW: I’ve noticed Mother has become more passive in his opinions of late,..why not take heed : )
@Snoot. fuck off has more than one meaning. eye lies?
ronron:
Do you trust the eye to reference the person?
http://www.torontopubliclibrary.ca/images/pro_2006_opera_atelier/03_eye.jpg
“@Bonn. hahaha. @Snoot. thanks again. not selling yet. can we reboot’ forgive and forget. it’s all a lark when it comes to personalities. you can’t determine what someone means without looking in there eyes.”
Eye lies.
Tank god they intermarried ta preserve wealth
Dummasses
Hic
@Phil/Germany. country’s that depend so much on commodities and natural resources? what else is there? if a country can feed itself and warm itself, think that would be good.
@Dedo:
Blink. Oh, are you speaking to me? My name isn’t Fanny, but I know exactly what you-meant-by-that slurred reference! But, I always considered Stella quite passive. Tooth and nail is more this:
http://www.collider.com/uploads/imageGallery/Tooth_and_Nail/tooth_and_nail_movie_image.jpg
Definately someone else who posts here quite aggressively and actively promoting hate of a certain nationality and a certain person. Not Stella!?
Dunno why Jon went on Oriely pedophile fucken show
Hic
BAE to pay $400 million in fines
http://www.youtube.com/watch?v=bmbvZeqScO0&feature=related
Bill O’Reilly Interviews Jon Stewart Part 1 of 3
Awwe Maxy boy ya gotta see tis Bill O riely stupidity serendipity nonsense
Are they livin in a dream world ???????????
Hic
@Phil,…It’s interesting how some folk seem to fight tooth and nail for their ideas, rather than the passive approach,(after all, this is only a virtual forum, for sharing)
It’s usually a good indicator of a certain personality/core belief/world view,..
isn’t that right Fanny,,huh, huh!
@Snoot. get the fuck back here. you got more splainin to do.
@Marietta. basically gold is not part of the SDR at this point. snoot thinks it won’t be. i think it’s in the background and will value all currencies. got gold in india. worthy of a higher value currency. got uranium in canada. worthy and so on. lettuce etc. there gonna have to kill a lot of people to jamb known slavery down everyones throat. i will be shot for sure.
http://www.youtube.com/watch?v=y4ClJpPoY-g
Sucking Sounds…
@bonn
That would be great.
@marietta …yes, you’re probably right ( head in sand ).
What we say here doesn’t change things … and trying to know where this is all going is probably impossible as well.
Gotta get one friend Samith a good real friend of mine
And he can kick your asses on SDR’s which I don’t understand
and Lquidity ratios n stuff
Hic
Getting in touch wit him
ZH: Why Blaming CDS For The Sovereign Risk Flare Is Idiotic, And Why Gold Is Now A Global Fiat-Currency Alternative
http://www.zerohedge.com/article/why-blaming-cds-sovereign-risk-flare-idiotic-and-why-gold-now-global-fiat-currency-alternati
CDS expert on video.
@Bonn. hahaha.
@Snoot. thanks again. not selling yet. can we reboot’ forgive and forget. it’s all a lark when it comes to personalities. you can’t determine what someone means without looking in there eyes.
@Yo Y’all
What do you guys think, will the BoE really suspend the QE? Usually the only announce the idea like Bernankesan to later forget about it.
I hope they will than we can finally finish the BS and let the economy implode like it should have a year ago.
“we’re all just burying our heads in the sand, I suppose.”
This might come in handy then:
http://www.cachebeauty.com/wholsale/hose_vac_break_90032.jpg
@ronron
Now, if you understood that, can you explain it to me?
@Phil
no you aren’t naive, we’re all just burying our heads in the sand, I suppose.
BTW … the Currencies are dancing like YoYos !
Yes, and the sdr protects elite interest from that volitility.
Turkish girl, 16, buried alive for talking to boys
Death reopens debate over ‘honour’ killings in Turkey, which account for half of all the country’s murders
…
…
http://www.guardian.co.uk/world/2010/feb/04/girl-buried-alive-turkey
Turkey wants “in” to the EU btw.
OKS Ronron here goes
I was in one of ta bigger cutys in Switzerland
Sex (6) of us entered a strip Joint after i Zero’d in on ta hottest one
She cirled ta group ; Hic after goin trough some of me friends she realised me the ALPHA male Rofl so she came over ta me
I kept feeling her backside wit me left hand cause me an ass guy
Well the night went on she desperately wanted 150 franks fer god knows what
Hic
We made sure we entered with 120 franks cause each large was 20 franks
I had me 6 large and gave her me wallet she went through it
Went through the amount of franks I had figured out I could pay fer me drinkks only
Then she started pullin ot me credit cards
She saw me debit card saw it was of no use
Then she saw me Gold Card her eyes lit up
Hic
she said “aahhhh on tis card ya can swipe 150 franks!!!”
I said “I know hunny and curtly put it away”
Well we drank n drank n then scooted
The next day I was was wondering why I did’nt feel up her top
ROFL PMSL
I realised I was’nt willing to put me Whysky Glass down
ROFL
Right hand always holds te Glass or Smoke
Hic
@Underfunded. small cat fight. better not respond to me as it’s not cool. nobody likes a simpleton.
hahaha
@marietta:
Whatever.
@ronron:
I run the risk of abuse, but since you asked with what I consider to be honest intention (how subjective are our understandings of other people’s motivations!) I believe I indicated that no one will know diddly-squat about the new international financial system until the sdr is reweighted. The reweight is scheduled to occur in 2010.
My opinion (quick run and get a pen so I can post it off to Zhou) is that the idea is to make the beef the sdr and the currencies introduced within the sdr basket will weaken each currency according to the dictum and desires of the IMF council. Zhou indicated GDP would be included. Perhaps “happiness” will be a part as well. As far as gold in the basket, that is the decision of the IMF council who have not acted particular about gold seeing as they continue their sales without hesitation. (That is if the sales are really not just accounting fictions for a substitution mechanism in the reserves)
The impetus to restrict and regulate the cross-border flow of capital would indicate that the IMF/G20/BIS is working towards a suprasovereign international clearing union which would incapacitate the common man from any hope of profit from his own nation’s wealth and allow the suprasovereign elite to control import/export/industrialization. The move to limit the size and scope of banking institutions is a move towards this goal.
The Basel 2 mandates which went into effect on 01/01/2010 are to create a cash crunch globally as banks look to build capital to levels indicated by the regulations. The end of fiscal programs by central banks look to have a deflationary effect as well. Both items should lead to a dollar strengthening and a weakness in gold.
Price itself will be called into question for gold: most probably as the time of the retooling of the sdr comes into contextual play.
*the above was solely in reference to a question from ronron and was not meant to forward any ‘purty’ writing or hijack discussion on this or any other forum
@ ronron
what’d i miss?
no response. cool. fuck it
and so it goes. Now the “who, what me?”
@snoot @Phil @Marietta … let’s be friends !
Yes, I admit, I often misunderstands posts sometimes, and sometimes think someone is getting personal … and as snoot posts such a lot, I suppose it happens more often !
BTW … the Currencies are dancing like YoYos !
Imagine trying to plan an product export business based on these moving targets .. like Airbus or Boeing ! Oh .. of course, they used Currency Swaps !
Pity that CDSs don’t stand for : Currency Default Swaps !
@snoot
so your comments aren’t an attack on Phil’s “personhood”. Well, mine aren’t an attack on your personhood either. They are an attack on your belief that anyone who doesn’t see the SDRs the way you do is some how an idiot.
And while i dont’ want to speak for ronron, i would agree that half the time I dont’ know what the hell you are talking about.
@California Doctor
“I would also conjecture that the N.Korea nuke program was in cahoots with Pakistan/Ali Khan and Iran.”
NOP!
The U.S. gave Pakistan an N. Korea the nukes! There was a Pakistani guy studying for nuclear physicist in the Netherlands to use the knowledge to build the bomb. This guy was picked up by the Dutch secret service but the CIA urged to let him go so they did. This information was released by our formal first Premier Ruud Lubbers cause that’s how high it went all to the top.
You’ve got no idea what kinda country you live in, you better wake up soon!
@Bonn. don’t think stacy would edit her favorite skinny fucker.
Who is so insecure here that they feel demeaned by Stella??? Good Lord, Marietta!
@Snoot.SDR. bunch of fiat in a basket. where’s the beef?
@ Ronron
I have a real funny story about a stripper joint I went ta in Swiss
If Stacey will allow me ta post
Hic
@marietta:
I meant nothing demeaning: it was an attempt at humour. How can you so accurately prescribe my intentions for me? Why single me out? Is there no one else here whom you feel does not write or post in a manner according to your catalogue of just intent?
@phil
yes, snoot is very comfortable with demeaning others with her Ma and Pa Kettle routine
@Snoot. you do write purdy but i have a hard time understanding. i would appreciate you telling me in a little easier terms what will happen to gold. do you have any timelines. thank you for everything.
@Phil:
I did not call you naive. You are taking things personally which had no reference to your person at all. I was indicating that a BELIEF in the aspect-worldview of which I wrote in the previous paragraphs was a naive stance.
I’m sure you are much more sophisticated than that, Phil!
@snoot … “Marietta, your post is very provocative and unfair.”
And was calling me naive fair ?
I give up !
@CalDoc .. interesting link, Thx.
http://www.fas.org/programs/ssp/man/militarysumfolder/shahab-3.html
Stage Mass (kg) 15,092
Range (km) Basic: 1,280 km (800 miles) , Variant: 1,903+ km (1,200 miles)
Warhead (kg) 760-987-1,158
Interesting that they use 80% kerosene + 20% Gasoline
What happened to Hydrazine ?
@Marietta;
I included that bit you copied and pasted because I hoped not to be called ‘the promoteur’ of sdr. I don’t want to discuss sdr all day ad nauseum: I often leave the topic aside for days.
I don’t need you to ‘beam me in’ to reality: I’ve got a head on my shoulders to think for myself. Snoot to earth was only an attempt to lead into a discussion regarding the real workings of those in power who don’t care what we think. To attempt to dialogue without mentioning the very real aspect of the coming reform to our system is a waste of our time. I am not here to waste my time or anyone else’s time.
Marietta; your post is very provocative and unfair. The site is supposedly a forum for discussion on financial matters: that is what I have been hoping to entice with my links regarding the sdr expansion. I am not looking to receive abuse for my efforts from you or anyone else.
Zhou is only realistically applying himself to be the acting governor representing his country on the board of the IMF. It is Zhou’s personal interest to promote the IMF goals and hegemony: he doesn’t act out of patriotic fervour.
“because, after all, someone once told you that you write real purty and no one seems to appreciate your insights and now that you’ve exposed him, he had better stop it. Because you said so.”
I wouldn’t say no one seems to appreciate my insights. I am quite sure Zhou doesn’t care what I think: but there are perhaps others who would appreciate an honest discussion concerning where the international monetary reform is going and what it will mean for the common man. Do you think that your marginalization of my intention and my writing will keep this discussion from happening, Marietta? Is that your intent?
I repeat: why is no one looking with curiosity or speculation concerning the retooling of the sdr basket weight and the consequent affect on the gold price? It would seem that that topic, at the very least, would be at the very head of the agenda of every consistent goldbug who posts or reads here.
@Phil/Germany -
that article includes a graphic of the Shahab-III missile range. The 2000 mile range seems awfully optimistic and likely is the range of the missile alone (without payload).
The mass of a nuclear “warhead” is the issue. The Shahab missile is similar to the SCUD missiles used by Saddam Hussein in Gulf War 1 – 1992.
The range is significantly shorter than 2000 miles with the warhead.
Both North Korea and Iran have the same missile technology. It is likely that this intermediate range ballistic missile technology is being shared.
I would also conjecture that the NorKor nuke program was in cahoots with Pakistan/Ali Khan and Iran. When you figure on the iranian uranium production and centrifuge capability, you can guess where NorKor got its bomb from… a combo of Iranian work and Pakistani engineering.
Go to this page:
http://www.fas.org/nuke/guide/pakistan/missile/index.html
Notice the line designated Ghauri and look to the far right. That’s the same missile as the NorKor No Dong and the Iranian Shahab-III
Notice the range of 1300-1500 km with 700 kg payload. For those who are metric-impaired (i.e. UK and USA), you can guess that the range is around 700 miles with 1400 lb payload.
Use google maps and trace a 700 mile radius around the Iranian borders and look which nations in Eastern Europe, Asia, and the Middle East are in range. Not much right? No Eastern European nations are in range. No major Asian nations are in range…other than the “stans”. The oil producing gulf coast states are ALL in range and Israel. But, in reality, none of these nations are all that contributory to the Western economy…. unless you are addicted to oil.
Then do the same exercise around North Korea. Notice the range and cone does reach and cover much of Japan, China, and South Korea. It’s certainly enough to take out a good deal of Walmart’s production lines for the US consumer products that keep flooding our nation.
My conclusion is that a low-yield, low-efficiency atomic device (fission/Ur) could be mounted, but would be very heavy. So, the ability to use the Shahab III to deliver nuclear payloads on Isreal is limited by the engines and fuel capability of the missile.
@snoot
“I do not support the reform nor the new international system being tooled: but not to support is to oppose through acknowledgement and resistance.
One can just continue to hide one’s head in the sand, though.”
Haha! If we all agreed with you and wanted to discuss SDRs all day ad nausium what difference would that make? If no one agrees with you, how does that support the new international system? Earth to Snoot- no one with power cares what we think anyway and that includes you.
Why don’t you try this.
Email Zhou with all your links and theories and tell him that you know exactly what he’s got up his sleeve because, after all, someone once told you that you write real purty and no one seems to appreciate your insights and now that you’ve exposed him, he had better stop it. Because you said so.
We can’t see the sun because Zhou’s fat ass is sitting on everyone’s head including yours.
http://boombustblog.com/Reggie-Middleton/1308-Bloomberg-on-Unemployment-and-the-Potential-for-a-Big-not-so-Surprise.html
The New-York banksters want you ALL dead. This has nothing to do with a ordinary recession.
@frances …. Mervyn King calls for IMF, G20 merger
LOL
Let me revise my post …
“Also, I am VERY sure that no nation on this earth would be stupid enough to trust their currency’s well-being to a police force (IMF) that effectively has no power.
Oupss! New little “error” by Joseph Staline Obanana statisticians. We screwed up. It”s 1,000,000 more USA unemployed. Soon nobody will working in this country.
http://boombustblog.com/Reggie-Middleton/1308-Bloomberg-on-Unemployment-and-the-Potential-for-a-Big-not-so-Surprise.html
“Also, I am VERY sure that no nation on this earth would trust their currency’s well-being to a police force (IMF) that effectively has no power.”
http://marketplace.publicradio.org/display/web/2010/01/20/am-imf/
@Mike … Russia it seems.
…Wie die «Süddeutsche Zeitung» (SZ) heute berichtet, hat ein Wissenschaftler, der früher in einem sowjetischen Nuklearwaffenlabor tätig war, dem iranischen Regime geholfen, das Design für einen fortgeschrittenen Atomsprengkopf zu entwickeln. Dies haben westliche Geheimdienste und Diplomaten laut dem Bericht bestätigt….
A scientists that used to work for a Russian Nuke Lab helped them develop the smaller 2-point-implosion system that allows it to fit into the Shahab3 missile.
The Russians are anyway doing big business with Iran on nukes …acordng to a German/French TV doc. I posted about recently.
“With the dollar’s hegemony unlikely to be seriously undermined by market forces, at least in the short and medium-term, the only way to bring about a major reduction in its role as a reserve currency is by international agreement. The Chinese proposal falls into this category.
One way to make the SDR the major reserve currency relatively soon would be to create and allocate a massive amount of new SDRs to the IMF’s members. While the G-20 leaders have decided to support an SDR allocation of $250 billion, this will increase the share of SDRs in total international reserves to no more than 4%. In order to make the SDR the principal reserve asset via the allocation route, close to $3 trillion in SDRs would need to be created, an unrealistic proposition.
But there is a more realistic way for the SDR’s importance to grow. Back in 1980, the IMF came close to adopting a so-called SDR Substitution Account. The idea was to permit countries whose official dollar holdings were larger than they were comfortable with to convert dollars into SDRs. Conversion would occur outside the market, and thus would not put downward pressure on the dollar. Member countries would receive an asset that was more stable than the dollar, as it was based on a basket of currencies, thereby providing better protection against losses.”
http://www.factsandarts.com/articles/the-dollars-last-days/
Theory is quietly becoming practice.
@marietta:
Did you get around to reading Zhou’s essay? The man that wrote the article certainly did not.
“The IMF can do it one of two ways. It can take the dollars and give out SDRs, but it would run a massive balance-sheet mismatch that would bankrupt it in a week. Or it can sell the dollar and buy euro, yen, pound and Swiss franc to create the SDRs that it gives to China. That would be the same thing as China selling the dollar, which would mean that the value of the dollar would drop significantly against the euro, yen, pound and Swiss franc. And all of those countries would find themselves running very large trade deficits while the US may actually run a trade surplus; so they would be absorbing the Chinese trade surplus — and possibly a US trade surplus too. I don’t think they will permit it.”
“The centralized management of its member countries’ reserves by the Fund will be
an effective measure to promote a greater role of the SDR as a reserve currency. To
achieve this, the IMF can set up an open-ended SDR-denominated fund based on
the market practice, allowing subscription and redemption in the existing reserve
currencies by various investors as desired. This arrangement will not only promote
the development of SDR-denominated assets, but will also partially allow
management of the liquidity in the form of the existing reserve currencies. It can
even lay a foundation for increasing SDR allocation to gradually replace existing
reserve currencies with the SDR.”
http://www.bis.org/review/r090402c.pdf
It is obvious to everyone that the dollar/reserve system has reached a level where the imbalance inherent within the system indicates a necessity to retool a new reserve system with the reserve currency not tied to any one economy. Chinese elite functionaries see only advantage within the new system: the dollar assets in reserve may be substituted for sdr through the substitution account (open-ended fund). US has agreed to a 100Bdollar line of credit to the IMF.
Zhou holds the premier position in Chinese finance: his words are an indication of a concensus.
I do not support the reform nor the new international system being tooled: but not to support is to oppose through acknowledgement and resistance.
One can just continue to hide one’s head in the sand, though.
Phil
Were did Iran get the Nukes?
Mike
@marietta ..SDRs /China
Yes, the article makes some good points …
… What are the merits and demerits of having SDRs as the alternative ‘super sovereign reserve currency’ that China wants?
I’d argue that if we were to switch to the SDR, it would have a couple of consequences. One would be that the US would no longer be able to run massive current account deficits. But the flip side is that countries that have generated growth by running massive current account surpluses — China and the Asian Tigers — would no longer be able to do that. If I were an Asian Tiger or an Asian exporter, I’m not sure I’d be in a great hurry to see that.
The other problem is: how do you actually make the transfer? There are two ways. Let’s say China says to the International Monetary Fund: “Here’s 2 trillion in dollars, give me the equivalent in SDR”.
The IMF can do it one of two ways. It can take the dollars and give out SDRs, but it would run a massive balance-sheet mismatch that would bankrupt it in a week. Or it can sell the dollar and buy euro, yen, pound and Swiss franc to create the SDRs that it gives to China. That would be the same thing as China selling the dollar, which would mean that the value of the dollar would drop significantly against the euro, yen, pound and Swiss franc. And all of those countries would find themselves running very large trade deficits while the US may actually run a trade surplus; so they would be absorbing the Chinese trade surplus — and possibly a US trade surplus too. I don’t think they will permit it….
Basically, having National currencies is the only and best way IMO.
Imagine the IMF trying to force some delinquent party to pay up !
Also, I am VERY sure that no nation on this earth would trust their currency’s well-being to a police force (IMF) that effectively has no power.
Just look at the UN for an example of a global committee !
BOJ-magic wands and rest of the world has problems…
http://search.japantimes.co.jp/cgi-bin/nb20100205n2.html
@Phil:
Dogs yap and lap: I’m referenced to a cat. Please indicate your acknowledgement with a nod or a wink.
Iran : was this it ?
Swiss Tagesanzeiger : Iranian Midrange missiles ( Shahab-3 ) can now carry Nukes
http://www.tagesanzeiger.ch/ausland/naher-osten-und-afrika/Ein-Atomsprengkopf-fuer-Teheran/story/10364053
@MotherEarth:
I think the new paradigm is one of keeping down the citizens through insurgent combant control: or of genocide. We don’t get to choose.
Paper: we’ll be lucky to have paper to wipe our asses if we continue to ignore the power-criminals and tear down our own banking structure out of spite.
@Phil, snoot
THis article indicates that SDRs won’t work and China’s push for SDRs is political ratner than ecomomical. Is it bulls**t?
http://www.dnaindia.com/money/interview_china-cannot-really-dump-the-dollar_1273469-all
@frances .. be assured, we all love you.
But when you keep yapping on about SDRs and effectively trying to shove them down my throat … I get a bit irate sometimes!
@Mother … thankyou .
You do have a talent for explaining things well !
“@frances … Do you understand economics, Phil?
LOL … NO , THANK GOODNESS !”
Well. Lordy!
I done told Pa money is set to advantage only, but he’z insistin’ on sittin’ round a spittin’ and talkin’ ’bout them good ole-days when white skin meant advantage and gold was the color of ‘honest money’. He’z a’claimin as well that he’z knowin’ from hearin’ tell off this here feller Mises, or Midas, or some-such feller.
But it ain’t a gonna work fur nothin’ seein’ as how the new advantage is not gonna be available to us, the honest dopes, who’z set to be considered criminal for any crimes against the Queen’s purse, er capital. I told Pa that this here Missus, Mises, or whoever, he ain’t aware that time’s done changed past couple centuries and we’z all hooked up like together in one international finance system. Can’t go and leave without gettin’ nothin’. Mises thinks airy-thing is contained in a perculiar system of settin’ fish tanks what with nothin’ interactin’ but some hand goin’ bout throwin’ in fish-food, er money.
Ain’t like that a’tall. But Pa, he just keeps sittin’ thare with his fellers and sayin’ I “don’t get it”.
It’s frustratin’ like, but I say, ya’ll gotta suits yurself, cuz it ain’t my money, ainhoots. I nairy earned much but readin’ most-like.
@Snoot
Ultimately in war what is there to fight for ? Not a paper currency that will be replaced afterwards, but something that can always be traded even fr away from a battlefield. So what do you thing waring parties will want to increase their enducance in a protracted conflict. Wharehouses full of paper?
The dependence on contracts and paper in conflicts, as well as the carefully layed in conflicts that we actually see mean that 1. there is no reason to go to war except lazyness and greed. 2. The public and governments are all thogoughly indoctrinated to think that words mean more than deeds (speculation proves my point). 3. Some agency is laying on real physical pain out there to keep the less advantaged in line (we know that is the CIA)..
@frances … Do you understand economics, Phil?
LOL … NO , THANK GOODNESS !
And … Yes, as a mathematician, I have come to despite the status-quo economic theorists / analysts etc. … .. always have !
The real economists like von Mises or Hayek are rarely mentioned these days.
@ Bonn
I had a 18 months little one, and help my wife with him, sometimes I didnt even get a chance to read the comments. Might have missed your shout then.
apke comments dilchasp hote hain, nale tuhadi knowledge mere ton bahut zada hai.
I should better listen more than speak
@ Phil
Thanks
@ Bonn
Very sure Bonn we should use Hindi/Punjabi Advantage .
Very true Bill Gates is a Gandoo and that’s what he looks like from his face
Goodby Paulson? http://www.youtube.com/watch?v=U2qrQKV9Nzc
“Seems you will never get it !”
Get what? Gold, Phil?
I’m not linking peter-pan. It seems the most powerful men in the world are the ones who do not adhere to your perspective. The elite who control armies: these men control the currency gyres and now do not deign to share.
Why are the sovereign wealth funds invested in sdr? Why the fiat sdr allocation of 250B? Why the ‘gold sales’ to make a liquid market in sdr? Why the IMF sdr-denominated bond sales? What happens to gold after the sdr reweight in 2010?
The sdr, the heart of the international financial system, is called by you a ‘red herring’.
Do you understand economics, Phil?
@frances …
SDR cannot compete with key currencies: Saudi
…
Special Drawing Rights (SDR) will not compete with key reserve currencies for the foreseeable future because they are not used to denominate widely traded assets, the central bank governor of major oil producer Saudi Arabia said.
Muhammad Al Jasser, the governor of the Saudi Arabian Monetary Agency (Sama), told Reuters in an interview that Saudi Arabia has managed assets as reserves and not as sovereign wealth funds, or state-owned investment vehicles, and are focusing on safety, liquidity and risk-adjusted returns.
SDRs, the International Monetary Fund’s internal unit of account, have gained prominence recently after China proposed that they could be used as an alternative to the dollar as the world’s reserve currency.
“The SDR is purely an International Monetary Fund reserve currency. By no means is it an internationally traded reserve currency in the sense of having a lot of diversified assets denominated in that currency,” Jasser said late on Sunday in the Swiss city of Basel.
“Hence it cannot compete with major currencies of the world in the global financial markets such as the dollar, euro, yen, sterling or Swiss franc. Therefore I do not anticipate that SDRs could in the foreseeable future replace any of these reserve currencies,” he said on the sidelines of a meeting of central bank governors at the Bank for International Settlements.
…
…
http://english.alrroya.com/content/sdr-cannot-compete-key-currencies-saudi
…
@Stacy
After the truthfull rendering by Max I was wondering which would show up first..I guess Paulson won!
@frances … naiive ?
Seems you will never get it !
SDRs are a red herring .. there will be war before SDRs are taken seriously !
@Stacey:
Does that mean the French aren’t grateful that Paulson led the charge to bailout Societe Generale?
http://www.law360.com/articles/145544
@ stacyherbert
Surprised ya didnt get moderated yerself
Hic
ROFL How many Vodkas down ??????????????????
@Stacy,…..”put the dog in the basket” !,..: )
In case you missed this photographic evidence from @teresa that I posted in jibber jabber thread; Paulson is a sociopath, a psychopath, and a disturbed serial killer of the economy and markets:
Why is it that not one journalist is speculating on the sdr- reweight? Here’s all I could find: a regurgitation of Strauss-Kahn’s wet dream:
“NO TIME TO LOSE
Strauss-Kahn expressed concern that political willingness to overhaul the international monetary system will falter if, in a year’s time, the visible signs of the economic crisis have faded.
He said the momentum to cooperate had already eased somewhat, six months after the London summit of the Group of 20 agreed on a need for change to ensure a more stable global financial order.
A former IMF chief, Michel Camdessus, said time was of the essence to embark on reform of the global monetary system.
“This favourable window of opportunity is there. It will not stay open forever,” he told the forum at which Strauss-Kahn spoke.
Camdessus gave broad backing to a recent proposal by Chinese central bank governor Zhou Xiaochuan that an expanded SDR could eventually replace the dollar as the global reserve currency.
“Our Chinese friends mean business,” he said of Zhou’s plan.
As a corollary of a strengthened role for the SDR, governance changes were needed at the Fund to shift power to big emerging economies, Camdessus said.
To that end, the SDR basket must be modified to include the yuan and perhaps the Indian rupee and Brazilian real as well.
“The RMB must be there. Period,” Camdessus said.”
http://www.reuters.com/article/idUSPEK20416820091117
No one can speculate on currency inflation/deflation in the future without consenting to discuss the sdr/basket reweight due in 2010.
SDR basket makes advantage for Europe: the sdr is the unit of account for IMF/BIS and for French/Dutch colonial African interests. Sovereign interest represented by the elite also benefits from a system whereby the commoners (aka everybody) are detached from global trade profits.
Advantage Hindi / Punjabi
I can curse as much as i want Stacey wont know how to moderate
ROFL PMSL
Hic
@snoot
Frances you may be right about their level of control of events but such complex interactions can spiral into uncontrollable reactions , but perhaps I am being naive.
I used to go on walking holidays in the Pyrenees and the interaction between Spanish and French Border authorities was fascinating to me , – after 1991 that changed completly
My point is that Spain depended on french people spending their money on cheap goods and most of that business has died , – replaced by transfer payments from the Germans which fueled roads to nowhere and endless houses fed by cheap credit. These” investments” fueled by debt are now generating little or no return while the more sophisticated northern countries have modernized their infrastructure.
In fact the French authorities refused to continue operating a railway line between oloron and jaca after a railway accident in 1970 because they were losing francs to the Spanish tourist economy !
http://www.forbidden-places.net/urban-exploration-canfranc-railway-station
OFC ya might not get a Job in ta IT Industry after tat
Farmers te nal karnee thee
ROFL
Hic
Oye Amandeep usse be sikh Jat
woh gandu eek Bahen Chode hai
I gave ya a shout out in one of ta earlier threads
Saying Sadda locals de nal Shoulda gone to see Bill Gates arrive and shout at that MF at ta airport or somewhere
about his 10 Bill $ vaccine and Depopulation drive aur Sub
Hic
@Amandip Singh … Loesdau
Seems like just a German “surname” … never heard of the word used before !
@ dan valley
I dont like reading
Hic
http://www.youtube.com/watch?v=MWb-Ygu1VcA
Bill O’Reilly Interviews Jon Stewart Part 1 of 3
@Phil:
Who controls the effing dollar? I would say the BIS out of Switzerland: enabling Europe, not America. Which elite own interest in the bank? What interests does the world bank/imf service?
The risk to Europe is exposure. The American’s are proxy-dopes aka guns for the European elite colonial interests. But these pd-guns are working for payment through a European-controlled currency system.
What happens when sdr/reserve system is in place? Will America cease serving Europe? Won’t the power become consolidated to Europe: is not consolidated power more of a threat?
Why is the sdr expansion and the real reform to the international monetary system (within the reserve structure of sovereign reserves) ignored by the media. Why do we rarely if ever hear about the BIS? Why is the cancer considered incised through the removal of Wallstreet securities and Washington consensus?
How naive!
@Skippy
Thanks for that..
Unrelated this gene story http://www.cnn.com/2010/HEALTH/02/04/baby.dna.government/index.html
The US is profiling its citizen..the doctors know about hereditary diseases and the insurers won’t take advantage? How do you know this won’t end up on your resume? There is so much to creep you out its amazing.
Here in Holland we have a case where the person adding to the IPCC raport took his data from a greenpeace pamflet. That is undermining the trust right there..
Hey Phil/ Germany
Totally off topic but If I can get help on this and I think you can as you are from Germany. Do you know what this word means “Loesdau”?
I searched it on web and found German website with this name but I am not able to comprehend how it is pronounced and what it mean.
Actually Its a name give to a newly opened place in my city where people organize their big fat Indian weddings.
Hope its not a much of trouble for you
Amandip
@skippy .. are those Darvas Boxes ?
@Why the gold exodus.
wondering if true central banks are buying gold … frmo a trading perspective accumulation by big buyers takes time and occurs in a captured price band (trading range) … looking at the longer term chart .. and remembering what Max said a while back .. there will be big buyers support 1000 US dollar gold price.
without any understanding of the economic fundamentals, technically I can see the possibility of the price of gold oscillating around an “axis line of 1000″ as the accumulation process takes place with a decent shake out right be before mark up begins again or we hit 1000 and demand shows back up in spades and price is off to the races …
just thinking out loud.
quarterly ranges with weekly bars …
http://www.StockSharePublishing.com/ChartLib/GC___CCS_02_05_09_49_1265381342.png
@ Dedo
Political Ponerology
http://www.youtube.com/watch?v=Mvad6de6tfA
Clearly needs another posting incase peeps missed it Hic
MSM talking Heads ..Anti Euro Story
Betting against the euro on debt worries
http://www.youtube.com/watch?v=7Mfizxgaz0M&feature=sub
Bernanke will be pleased now won’t he !
All an Effing joke ( although I agree with the Euro risk , the US risk is FAR bigger ) !
@Dork:
EU wants to continue milking the “piigs”. Why would anything happen currency-wise until after the sdr reweight? Germany is aware of the significance of the sdr reweight, even if ‘that journalist on Bloomberg’ feigns ignorance.
@Mother Earth …. It seems the integral approach of the bankers is to create and ocean of fake trade liquidity so any individual investor can be pushed in any direction. It seems there are no commodities or markets that are both highly liquid and not under the control of banks. This gives the naieve investor no way out of the maze and allows the bankers to blame the weather (which they make themselves) for the fortunes of market participants..Its the old rule: If you want to control without challenge, be the environment..
Very well said … I agree 100%
.
.
ALL the pricing on WS is just Alice in Wonderland fairy tale stuff.
All those BK banks and big corps. , as well as many bogus companies that trade on WS. NOT TO MENTION all the NAKED SHORTING.
CALPERS pension fund 43 billion short. That is short of money to pay the pensionners.
http://globaleconomicanalysis.blogspot.com/
@snoot
I was merely repeating a idea floated by a journalist on Bloomberg television.
I believe that the journalist may write something along those lines tomorrow on the LEX column , although that could change.
I personally believe that the euro will split in two with the stronger northern axis orbiting a French/Germanic centre .
@Marc:
The British pound is hiding under the Queen’s skirts: aka sdr basket.
http://images.huffingtonpost.com/2009-10-13-sdr.jpg
@Phil, Snoot
It seems the integral approach of the bankers is to create and ocean of fake trade liquidity so any individual investor can be pushed in any direction. It seems there are no commodities or markets that are both highly liquid and not under the control of banks. This gives the naieve investor no way out of the maze and allows the bankers to blame the weather (which they make themselves) for the fortunes of market participants..Its the old rule: If you want to control without challenge, be the environment..
Here’s an interesting few clips, with a guy named Rik Clay,..just thought I’d put it out there,..keep an open mind is my philosophy! : )
But also, keep a guard on it,..
http://www.youtube.com/watch?v=AxrwKEQZdec
Time to attack the british pound.
mother may i? this gold bug does not expect the death of the dollar. my debt is in dollars. i expect my metal to appreciate in dollars.
@Phil:
Thanks for that exhaustive answer! I often wonder why gold-bugs desire the ‘death of the dollar’ and then hope for the escalation of gold price. The goldbugs cheer high dollar-priced gold within the corrupt system, yet also desire an end to the system which provides these inflated prices.
Can you explain that dichotomy?
“France’s Foreign Minister Bernard Kouchner said the Iranian offer, which came in the form of televised remarks by Iranian President Mahmoud Ahmadinejad Tuesday, looked like an attempt “to buy time.” “I’m perplexed and even a bit pessimistic,” said Kouchner. Later Wednesday, French Prime Minster Francois Fillon vowed that France, which currently presides over the UN Security Council, will press for new “strong sanctions” against Iran. “It is not too late to stop Iran from acquiring military nuclear capacity through political ways, but the time is pressing,” declared Fillon.
German Foreign Minister Guido Westerwelle said that if Iran has any proposals to make it should submit them forthwith to the IAEA in Vienna: “It is up to Iran to show an end to its refusal to negotiate… In the past two months and years, we have seen a lot of maneuvering by Iran and that is why only actions count, not words.”
German Chancellor Angela Merkel previously declared February the “decisive” month for resolving the impasse between the great powers and Iran over its nuclear program, adding that Germany would press for the European Union to impose additional sanctions on Iran if the UN failed to act.”
http://www.wsws.org/articles/2010/feb2010/iran-f05.shtml
What country do IMF bonds represent?
http://blogs.wsj.com/economics/2009/06/01/imf-bonds-are-coming-soon-but-you-cant-buy-any/tab/article/
http://blogs.reuters.com/macroscope/2009/04/02/sdr-bonds-from-the-imf/
http://www.globalpensions.com/global-pensions/news/1529700/swf-invest-sdr-denominated-equities-bonds
IMF bonds are denominated in sdr, of course. So far Russia and China have been at the trough: Russia trading US treasuries for IMF bonds:
http://online.wsj.com/article/SB124463884266502011.html
http://www.bloomberg.com/apps/news?pid=20601085&sid=atucH58_sh8s
“Brazil and Russia joined China this week in saying they would shift some $70 billion of reserves into multicurrency bonds issued by the International Monetary Fund.”
multicurrency bonds=sdr-denominated bonds
BUT NO ONE WANTS TO SAY THAT; It would indicate that the advantage is being taken away from those without access to the IMF sdr-game.
@frances … Are you saying that the gold price is intrinsically wound around the ETF market?
…. As I have written on numerous occasions, the large “bullion-ETF’s” – which are backed by nothing but banker promises – exist for one purpose: to dramatically dilute the number of dollars entering this sector, in order to assist the anti-gold cabal of bankers in their three-decade long price-fixing campaign. ….
http://www.bullionbullscanada.com/index.php?option=com_content&view=article&id=8061:bullion-etf-shrinkage-good-for-sector&catid=48:gold-commentary&Itemid=131
My opinion as well !
I have been watching the single trades on GLD for a long time, and it always seems to be leading the physical price direction.
I also posted months ago that the GLD ETF would be a VERY convenient instrument to manipulate prices, just like any other stock.
Secondly, if GLD really does hold the correct physical inventories – as claimed – then it would be of course an excellent coup for the US Govt. if they ever decided to confiscate private gold ownership.
@ Dedo
Nice link just got to it “Political Ponerology”
Another Topic fer Max & stacey to disect
Hic
With Alexander Hitler Nappy all with questionaple Physcopathic tendencys
gold shares lead the metal both up and down.
@Phil/Germany:
Shamus Cooke ignores the nuclear five working in synergy through the UN Security Council to operate colonial theft through rhetorically gooey ‘humanitarian’ actions.
Does Shamus indicate that the US will move unilaterally outside of Nato? He ignores Nato completely: he ignores France and Germany prodding the US war machine.
It is disinfo, Phil.
http://www.nytimes.com/2010/02/03/business/global/03sanctions.html
http://www.nytimes.com/2010/01/28/world/middleeast/28iran.html
http://www.haaretz.com/hasen/spages/1143395.html
http://www.ynetnews.com/articles/0,7340,L-3844207,00.html
http://www.presstv.ir/detail.aspx?id=117385§ionid=351020104
@Phil:
Are you saying that the gold price is intrinsically wound around the ETF market?
Is that why gold and silver have such a price discrepancy?
Euro is protected within the sdr: Germany won’t pull out of the euro. That would be insanity. Why would Germany wish their currency outside of sdr?
Why don’t you cite that article, Dork?
Dr. Berninger…
Financial Collapse 2010 – Repetition of the 29 Depression
No more lifeboats on the Titanic !
http://www.youtube.com/watch?v=b9wK8fSPETY&feature=sub
@The Dork of Cork … Listening to bloomberg a FT journalist floated the idea of Germany pulling out of the eurozone
All part of dissing the Euro.
… so that sheeple buy US Treasuries.
these RFID nonsense too Hackers will have a field day
Heck I know I’ll become one if ta need arises
Hic
@Y’All
Hackers Steal Millions In Carbon Credits.
http://www.wired.com/threatlevel/2010/02/hackers-steal-carbon-credits
@Y’All
I guess the clues in the name… POOR TOO GAL, huh, Portugal always seems to come out really low in those polls that measure quality of life, it’s always had one of the lowest standards of living in europe also the homocide rates their are really, really high!!!
http://tinyurl.com/y8w9jw4
I stopped looking for work
The number of discouraged job seekers is at an all time high. These readers tell us what it’s like to give up on the job search.Moved in with mom and dad…………………….
Actually my realization came when suddenly I said Hold on a minute there is something wrong with this Picture (around 3 years back)
tats when I Started doing some digging around by first checking WTC’s following ta money trail of all events after tat
Hic
Life cant just be a bitch then ya die
Obama to honor 7 CIA officers killed in Afghanistan blast
http://www.cnn.com/2010/POLITICS/02/05/obama.cia.memorial/index.html?hpt=T2
If only their Familys knew ta truth
Hic
@Y’All
ads!!!
The Spirit Level – (short promo film.)
http://www.youtube.com/watch?v=jsEZr3s1aBA
I have a Sly feeling Micheal Schumacher is back to get peeps to be distracted again every other Sunday
Hic
Well I am gonna watch him and F1 again
Bonn these guys still have plans that involve us in their equations
Things may have a long way to go yet.
Once Europe starts to realize its been Hoodwinked even worse than a 3rd world country all ta while
PS. Well IMO there are at least 10 level’s of status’s of countrys
ya cant narrow it down ta 3
@Stacy
Is even point and shoot to hard for you
Germany pulling out of the Euro..there is the irony: Banks want us to share the burden of an economic block but then want us to compete for loans. Germany will pay with less competitive prices for export but it will gain that the looting of that country with cheap money stops. Its a rigged game, and imho the most sensible thing to do is have local currency areas that can respond to local needs for velocity or better still, have a mutual currency that is has a limited supply. Let the bankers work at mcdonald, never had such a undeserving bunch had such rediculous power.
@ The Dork of Cork
Once these Jerks understand tat NWO doesnt werk has’nt werked will never werk
We can go back to normal living
The one Argument I got was well its easy to get paid
@ the cost of loosing yer freedom and Liberty ??????
Listening to bloomberg a FT journalist floated the idea of Germany pulling out of the eurozone , leaving the rump Euro to devalue relative to a new stronger deutschmark
Interesting….. things must be coming to a head
@ ME
It will be taken pritty seriously but if tat other bugger is connected which I really doubt since he owns taxis
Hopefully will get Justice
@Bonn
Suicide as a result of debt should be treated as murder by the creditor. Especially in India.
Life just gets Stranger and Stranger
Crap me maid servants Son commited Suicide
He was getting hounded fer money from a Taxi owner whos car he was driving fer was involved in a crash
Was seeing tat Commando Stuff on Discovery Channel
did’nt see any newspapers over there nor computers
Hic
They’d hafta deny Military Personell Net Access
I dunno if they are already denied
Hic
Hey Stacey how bout an Exposey on tat topic if its true they are denied NEWS
Surely its Important IMO
@ Phil /Germany
I dont think they got ta $$$$$$$$ or personal
And Surely tis time Military Personal’s Eyes will open
They’ll get to know they’ve been Lab rats
IMO
Hic
GlobalResearch …
Another U.S. War? Obama Threatens China and Iran
…
… The possibility of yet another U.S. war became more real last week, when the Obama administration sharply confronted both China and Iran. The first aggressive act was performed by Obama’s Secretary of State, Hillary Clinton, who “warned” China that it must support serious economic sanctions against Iran (an act of war).
Clinton said: “China will be under a lot of pressure to recognize the destabilizing effect that a nuclear-armed Iran would have, from which they receive a significant percentage of their oil supply.”
The implication here is that China will be cut off from a major energy source if they do not support U.S. foreign policy — this, too, would equal an act of war. …
…
http://www.globalresearch.ca/index.php?context=va&aid=17330
Member Adolfy got Screwed because of ta Russian Winter
Brrrrrrrrrrrr
Hic
I had a friend who is Siberan
They Have beer stalls every 50 yards or so
Vodka away Stacey
@ME … just tried “goldbarren” on Ebay.de
11,598 hits under : Startseite > Kaufen > Münzen > Edelmetalle > Gold > Suchergebnisse für „goldbarren”
Far more than it used to be !
293 items = Buy Now … Heraeus 1 kg @ 26,667 Euros
11,290 items = Auction …. 0.5 Kg. starting at 13,209 Euro
Red Square where I think we were the only two people there. Boy is it cold and the weather report is for even colder weather tomorrow . . .
Just ask Maxy Boy to pray To Al Gore & ta Polar Bears surfin on Ice blocks
Surely ta weather will Change
Hic
Sorry could’nt resist tat one
ROFL
@Phil
Yes, it’s like scientology how they keep on about gold. Of course if you had no other use for it its performance has been excellent, so its more like they are touting a truth that is ‘uncommercial’ (like climate change). As long as people stare at the comex puppet it will be possible to discourage them from buying gold as they see all this volatility (which has oddly been predicted by the msm). This allows the puppet to continue to pass for a real price, which is preposterous.
People are still bidding up gold to a kilo eqivalent of 26000 Euro on Ebay (without shipping added).
@ME .. LME/Comex
According to Internet sources ( Jim Willie IIRC ) , the physical inventories at the major exchanges are declining rapidly.
The problem is, these people have been chanting this or similar ( Comex crashes etc. ) for years…. and of course it has never happened.
My take is that the “digital Fiat” printing press has no problem in throwing Billions if not Trillions to short the (paper) Gold prices into oblivion . The $-volume on those exchanges is peanuts compared to their daily stock/bond paper markets. Throwing a few more Billion out the window to short gold is peanuts for them.
We need a complete “MSM fraud discovery” of the ponzi paper markets to stop this game IMO. Not much likelyhood of that happening soon … unless it’s an external event from the BRIC nations.
JMHO FWIW
@ Mother Earth
Or Its Stargate Gulf of Aden
Hic
http://www.debka.com/article/8580/
“Israeli Navy together with the US Fifth Fleet have for some weeks been charting Persian Gulf waters and Iranian shorelines in preparation for attacks by Israeli naval and special operations forces.
IDF intelligence and special forces officers, they also say, have been marking out routes for their air and ground forces to drive into Iran and hit its nuclear installations.”
Hold on to your oil..
@Phil
It seems the comex price is a puppet that distracts people from real price moves..
@ME …Why the gold exodus. That can’t be physically owned gold..
Correct IMO …. Paper prices IMO
The GLD ETF is IMO being used to manipulate the Gold price … BigMoney now has easy access to shorting GLD, rather than the more cumbersome and expensive LME/Comex.
Sprott Asset management has apparently issued it’s own ETF that guarantees physical.
‘Dave the banker’ keeps his job
http://www.smh.com.au/business/dave-the-banker-keeps-his-job-20100205-ni0q.html?autostart=1
Why the gold exodus. That can’t be physically owned gold..
In my kneck of the woods I got my solar tracker to work
http://www.youtube.com/watch?v=2rz34s6y664
@ Max n Stacey
http://rt.com/Top_News/2010-02-03/journalist-euthanasia-disabled-newborns.html
Have ya bumbed into tis Lunatic
Hic
getting Slow
ROFL
Hic
Unos nap time Hic
“QE” stopped
Direct M4 injections started
Mike