Stacy Summary: Good morning, here’s a view out our window this sunny but cold morning. What’s happening in your neck of the woods?
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ref. max keiser – Get 6 mo’s free storage
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Rick Ackerman-
- Karl Denninger – Market Ticker
- The Big Picture
- Mish
- David Morgan
- King World News
- SmartKnowledge
- GoldCore
fiat money and the french revolution
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crash banksters – Buy Silver & gold
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In the John Perkins interview it is argued that the use of debt is characteristic of a new kind of empire building, but in the 19th century British imperial policy involved driving countries like Greece and Argentina into debt to the City of London.
Such countries were not actually part of the empire, but they were victims of financial (debt) imperialism.
G’mornin Peeps Unos
The first chapter of Engdahl’s _Century of War_ gives a nice summary of how this process worked.
Hey I can see your face in the Reflection
that picture of the peoples place reminds me of this…
‘Joe Building : The Stalin Memorial Lecture’
http://tinyurl.com/yjuvccw
@view out our window
Cool … Metropolis ?
Good post from InvestorVillage.com :
The Bear swallowed many support levels.
This is a “don’t shoot the messenger” post. I quickly scanned several charts and today’s market action broke through numerous support levels from our PM sector through several other general broad market indexes. I don’t think bulls will get relief tomorrow no matter what the payroll figures show. A solid job growth market would probably get a quick market pop in the morning followed by a day long grind lower. Job growth would re-emphasize to the market that the reason for the strong market rally last year namely quantitative easing, won’t be coming back soon. If there is a job loss showing, then it will probably give traders a reason to sell due to double dip fears.
It seems to me Greece has got the world focused on sovereign default. The article below shows that the Iberian peninsula (Portugal and Spain) are probably in worse shape than Greece. People have discussed that Greece or any of the other troubled countries are too small to mean much for the world; I strongly disagree. One or more of these countries defaulting will likely trigger hundreds of $Billions or low $Trillions in losses in the credit derivative world. Remember all of the Credit Default Swaps out there? They were sold by insuring counter-parties believing they would never have to pay out. Thus, their with their over-leveraged balance sheets even a small payout can bring the house down.
http://www.telegraph.co.uk/finance/financetopics/financialcrisis/7159456/Fears-of-Lehman-style-tsunami-as-crisis-hits-Spain-and-Portugal.html
I still stand by my December call that the US would stage a dollar rally to justify QE Round 2. The European troubles are making the job of boosting the $Buck much easier. I’d imagine Bernanke and company are fist pounding with glee that someone else is writing their justification to print another $1.5 Trillion this year.
In summary, I think the employment numbers tomorrow will be strongly over-shadowed by the snow balling sovereign default crisis that is brewing. I will be particularly amused if the Fed report job growth in excess of 50,000. The reason is it will be so unbelievable distorted that the only thing I could do is laugh. Remember how they said GDP growth for Q4 was 5.7% last week? US Federal withholding taxes for January year-over-year were down over 5%. This is probably the first time in US history that enormously strong GDP corresponds to less tax revenue.
http://www.investorvillage.com/smbd.asp?mb=144&mn=38563&pt=msg&mid=8552844
Very good article on Gold and Financial Politics :
http://fofoa.blogspot.com/2010/01/living-in-powder-keg-and-giving-off.html
Some pieces from the link just posted : http://fofoa.blogspot.com/2010/01/living-in-powder-keg-and-giving-off.html
…As I said earlier we are not reliving the 1970′s. In the 70′s we lost the gold standard but not the reserve currency. Today we are not only going to lose the reserve currency, but perhaps (and I say most certainly) the very idea of a reserve currency. Can you imagine a reserve that is not a currency? Can you imagine a transactional currency that is not a reserve? How about on a global scale? A global reserve? A global currency? How about a global reserve and a bunch of local or regional currencies? So many options to consider!
…
… Today, this same “virtual wealth” effect has been created again and is located in physical gold bullion. I believe Sir John has already made part of my point but I will repeat it.
When a currency system comes to the end of its reserve use — I’m speaking politically here — its domestic market will come to a point where it can no longer export “real price inflation” in the form of; “shipping its excess currency outside its borders”. This happens because internal money inflation, that is super currency printing, is increased so much that it overwhelms even its export flow. Worse, even that export flow later tumbles as the fiat falls on exchange markets.
The effect is that local “passive inflation”, built up over decades and fully reflected in “Sir John’s” paper assets, spreads out as “aggressive inflation” and hyper price rises begin. In this action, the very same wealth effect that was eventually priced into “John’s” Dow stocks and other assets, begins a long march of being priced into real gold.
Anyone that has accumulated physical gold over this past long period was doing the exact same thing Dow buyers of the late 60s and early 70s were doing: —— saving “wealth” as unpriced “virtual wealth” stored up over that “passive inflation” period. —
…
… Remember; in political inflations, money is printed to save the assets as they are currently priced; not to create new loses by saving the leverage that’s countering their play!
This paper gold market will be cashed out at prices far below real bullion trading so as to inflate further the books of the Bullion Banks,,,,,, not destroy them. At least this is how the US side will proceed.
…
ICN Informed Citizen News 01/31/10
http://www.youtube.com/watch?v=9_dgJIBXZSI&feature=sub
This week’s stories…
#1 Supreme Court rules corporations are people too
#2 Pentagon Report Calls for Office of Strategic Deception
#3 Congress Sacks Samoan Economy (Peter Schiff)
#4 The FBI broke the law while collecting thousands of telephone records
#5 UN rulers-in-waiting are planning a consumer tax on such things as Internet use and bill paying.
#6 US Treasury removes caps from bail out of fannie and fredie
#7 Koreas echange fire
#8 Home-schoolers win asylum in U.S.
Dante’s Internet
http://tinyurl.com/ybm2lqm
@ gonzomarx
Link not werkin
Hic
Hey Amandeep tat Gates bugger was in Delhi
Shoulda gone at shouted at him
Hic
try this
Dante’s Internet
http://tinyurl.com/yaltzf3
@ Phil /Germany
ya fergat 10 billion dollars fer vaccines from tat lunatic
Pic looks like something outa Gotham City! I like it.
Hows the vodka going down? My aunt is Russian, I could spin a few tales i tells ya!
Anyway, thought this was chin stroking…
Bill to accommodate Sharia Law
http://www.irishtimes.com/newspaper/finance/2010/0204/1224263733234.html
Analysts think ECB is powerless to stave off collapse ..
Markets Tumble on Sovereign Debt Worries; Moodys eyes U.S. downgrade!
http://www.youtube.com/watch?v=SlAtxUILW4E&feature=sub
How convenient .. for the US TBonds auctions at least .
Only one A compares the US to Greece … well done .
On Alex Jones show
A Conel Signed a document to allow Neuro Toxin to be added in Orange something could’t hear it properly
Finally his Son Died of it while in the service
Hic
Play wit fire ya get burnt
Pouring Gasoline to put it out seems to be the Mantra of these Lunatics
Men At Work vs. The Man: ’80s Band Charged With Plagiarism
http://new.music.yahoo.com/blogs/stopthepresses/105260/men-at-work-vs-the-man-80s-band-charged-with-plagiarism/
See what happens when a country lets Max onto their airwaves…
Lesbian Albatrosses Raising Chick Together
http://tinyurl.com/y88n6q9
A Guide to Maximizing the Price of Your Hymen
http://tinyurl.com/yad8vfr
Kiwi lass only gets $30,000 for hers.
he’s nothing but a goddamn degenerate…..
Kaiser Rolls….. the recipe
http://tinyurl.com/6j9yk7
cause that how the Keiser rolls
doubt they taste as nice as a big fat hot Pasty
Greek Labor Chief: “I deeply regret that the government has bowed to the wishes of the markets.” http://bit.ly/aSxUFs. Well, get used to it
… Mr. Almunia said concerns have spread beyond Greece to other eurozone countries where public finances are spinning out of control, chiefly Spain and Portugal. “In these countries we have seen a constant loss of competitiveness ever since they joined the eurozone….
http://www.thedailybell.com/790/EU-on-the-Brink.html
MEP praises French attack on Greenpeace that killed activist
http://tinyurl.com/y9odv7k
UK internet firms welcome Australian file-sharing verdict
http://tinyurl.com/ygrhoc8
How TV news works
http://tinyurl.com/yhu9745
PIGS versus COMA
COMA
http://www.youtube.com/watch?v=ddArH0y9LyM&feature=sub
I fully agree !
Is that the “Stalin’s Birthday Cake” building?
I think they did copies of it around the USSR… one like it in Riga, too.
The bet is on for 2010:
1. the Euro will collapse and disappear.
2. The US$ will be “as gold” again.
3. Europe will pay for bail-outs in the US and be their serfs for the next 250 years.
4. Scientists will find a unique use for precious metals as a cure for cancer. As a result and despite its constant increase in value, precious metals will be consumed totally by the medical industry.
5. Max and Stacy announce their retirement saying they cashed in on the NYSE Their US$ will provide them with a comfortable life style in Dubai.
Terific view. Wrap up in yer furs, Stacy you will need additional fur muff and go ice skating.
comfortable life style in Dubai.
I would’nt Go there fer a million bucks
Anytime France over Dubai
Hic
Really folks…we’re asking the wrong questions…”The view out OUR window”…OK Stacy. Fess up. Who is the OUR and all this time we thought you were single and available.
We love you girl!
@ John Drake
I dont tink she was ever single
See earlier vids from 3 years back in a french cafe I tink with Maxy boy
Hic
ROFL
Nice photo of 1 of “7 sisters” of MOCKBA.
Don’t walk around in the cold too much.
Ride the “Moscow Metro” (see some “soviet era” art on the ceilings, watch and listen to mobile symphony) or warm up in one of the finest coffee cafes in the world.
Another day another few dozens of Million USD that Stanley Fisher is buying with my money in order to keep the NIS over the 0.25 rate.
I don’t see any chemtrails? more freedom?
More pictures. This photographic proof of Hank Paulson’s sociopathy comes from @teresa:
@ stacyherbert
How many Vodkas down ROFL
supprised ya did’nt get moderated yerself
Hic
Oscar Wilde once said
“Agitators are a set of interfering meddling people, who come down to some perfectly contented class in the community and sow the seeds of discontent amongst them.
That is the reason why agitators are so absolutely necessary.
@Bonn – now I know how you feel every night; hic
It actually LOOKS cold
haha ewww paulson in his prime
@Phil -
Thanks for the excellent links this morning. They’ve been very thought provoking.
The youtube from a person in Europe complaining about COMA states is short of real insight. There are dramatic differences in productivity and resources between California and Greece or Portugal. While the California situation is dire, the states the video refers to is really absent facts. I’d like to contribute some thoughts on the state governments of the United States.
For those in Europe and Asia, the relationship between the EU and the member nations is analogous politically to the relationship between the US federal government and the states. However, the financial relationships are quite different historically. The states have never had central banks. Interestingly, there are some state politicians who are beginning to question the need for a state central bank.
On the discussion regarding governmental financial stability in the US, the following states bear watching:
1. California
2. New York
3. Illinois
4. Ohio
5. Michigan
6. Florida
In the macroeconomic picture, my state of California is the key player.
California has 40-45 million residents. There is a large scale exodus of people who are moving out of California in favor of moving ot lower cost states. The state legislature has killed the California economy due to passage of ridiculous laws that are devoid of economic insight.
One of the most recent laws is a bill PASSED by the California Senate to ban any free parking in the state. I really have no idea how a state legislator can vote to ban free parking, but they did.
Are you gonna watch the super bowl in Moscow. That ought to be interesting. Have a great time. Take alot of picture. Moscows supposed to be a cool town.
Better things to do in Moscow than watching a bunch of overpaid multimillionnaires playing with a freakin ball. Franchement ! Come on ! I would use my time more creatively that wasting my time looking at a bunch of loaded goons shouting at another bunch of steroid and coke football junkies. Yeah f–ck football and f–k professional sports. How original. You should maybe ask if Stacy and Max will be going at McDo on the Red Square to taste the beef goo in the big Macs. Wouldn’t travel with you Jon. Traveling is about seing different cultures.
@ Stacy – Wow . . . what is that place? Talk about symmetry. It’s beautiful!
@ Mep
It looks scary dont like symmetrical stuff
Too perfect too Gotham city types
@BONN
That was a chemical called agent orange that the military used in Viet Nam. Pilots who dropped the stuff also died early.
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 makes sense.////!!!!!?????
What’s the Euro exchange rate there?
@Marc Authier
re: super bowl….
I couldn’t agree more. I do not watch professional football, especially the super bowl which makes billions of dollars on advertising in order to brainwash stupid, fat people sitting on sofa’s eating fatty foods and getting fatter by the hour.
Sports are to keep people from focusing on REAL ISSUES. Like how they are being dumbed down on purpose, why their education sucks by design, how they are being robbed…all of those things.
@gonzomarx I think Stacy is responsible for that lesbian Albatross story, not Max.
@ bonn – ha! i don’t mind symmetry. I used to work with a woman who moved here from Russia. She gave a bunch of pictures of Russia as a gift once–it was sort of like a package of postcard-like pictures. there were a lot of mosque-like buildings, which were absolutely stunning. don’t know where exactly they were located in russia. Stacy, if you guys see any of those, I’d like to see some touristy pics of you guys standing in front of them!
@ naomi – I’m with you. I started boycotting the Super Bowl some 3 or 4 years ago when the cost of advertising hit an all-time high. I just won’t watch anymore. It’s a damned shame. What’s even more disturbing is that people actually look forward to seeing brand new commercials . . . as if we don’t see enough advertising on a daily basis.
Looks warmer in Moscow than outside of Atlanta! Of course, seeing how Atlanta and other US metropolitan areas are regressing into pre-1990 Soviet cities, it makes perfect meteorological sense!
@Stacy, Theresa
great photo of hank lecter
& may i add – hic
@Bonn
Bingo ! Exactly. A Gotham city building. I think It’s the Moscow State University building If I remember. Where is Barman ? Staline loved this type of massive bureaucratic architecture. There in one about the same style in Bucarest called The People’s Palace. Freakin Communists. As tasteless as New-York skycrapers or Dubai Disneyland. Materialist archetecture breeds this type of massives horrors devoid of any grace or inspiration. When you go in the building you can feell the phamtom of Stalin behind your neck. Spooky building like the KGB building “The Lubianka”
@Bonn
Bingo ! Exactly. A Gotham city building. I think It’s the Moscow State University building If I remember. Where is Barman ? Staline loved this type of massive bureaucratic architecture. There in one about the same style in Bucarest called The People’s Palace. Freakin Communists. As tasteless as New-York skycrapers or Dubai Disneyland. Materialist archetecture breeds this type of massives horrors devoid of any grace or inspiration. When you go in the building you can feell the phamtom of Stalin behind your neck. Spooky building like the KGB building “The Lubianka”
@Marc Authier – it is The Ministry of Foreign Affairs building.
Very nice looking, they don’t make them like that anymore.
Oooh, the picture has captured a bit of Max’s soul hehe (left corner)
nooo it’s Stacy’s soul… it got to be the hair.. i’m confused.
Here’s something for econo-geeks
http://en.wikipedia.org/wiki/Impossible_trinity
The point is that you can’t have it all: A country must pick two out of three. It can fix its exchange rate without emasculating its central bank, but only by maintaining controls on capital flows (like China today); it can leave capital movement free but retain monetary autonomy, but only by letting the exchange rate fluctuate (like Britain–or Canada); or it can choose to leave capital free and stabilize the currency, but only by abandoning any ability to adjust interest rates to fight inflation or recession (like Argentina today, or for that matter most of Europe).
@Max, Stacy
It Is Now Mathematically Impossible To Pay Off The U.S. National Debt
http://www.globalresearch.ca/index.php?context=va&aid=17426
Interesting building, very Late Art Deco, looks like something from Ghostbusters (as long as nothing says “zoool,” you should be okay).
Yes, @Palantíri, everyone refers to the building as ‘the Ministry.’
I can see stacys boobs in the reflection! You guys are a couple of perv’s!
@Adam – you cannot! I’m wearing full winter gear actually!
I think that building is one of stalin’s ‘seven sisters’, ask the muscovites abut the hisotry of the city, its pretty interesting IMO
The Ministry of horrible technocratic and bureaucratid architecture. Make me think to the Hotel “Rossia”. Now demolished. It has a like a pompous style that I cannot really appreciate. Prefer the orthodox byzantine churches. Will you be visiting the rest of Russia ? I find Moscow somewhat opressive when you compare it to Saint-Petersbourg.
THIS IS MUCH BETTER ! Russia Golden Ring of dream cities.
========================================================
Golden Ring
From Wikipedia, the free encyclopedia
Jump to: navigation, search
This article is about the Golden Ring of Russia. For other uses, see Golden Ring (disambiguation).
Kotorosl River in Yaroslavl
St. Euthymius Monastery, Transfiguration Cathedral, and Belfry (Suzdal)
The Resurrection Church of Kostroma (1652) is a superb example of the 17th-century Russian art (color photograph, Sergei Mikhailovich Prokudin-Gorskii, 1910, Library of Congress)The Golden Ring (Russian: Золото́е кольцо́) is a ring of cities northeast of Moscow, the capital of Russia. They formerly comprised the region known as Zalesye.
These ancient towns, which also played a significant role in the formation of the Russian Orthodox Church, preserve the memory of the most important and significant events in Russian history.
The towns have been called “open air museums” and feature unique monuments of Russian architecture of the 12th–18th centuries, including kremlins, monasteries, cathedrals, and churches. These towns are among the most picturesque in Russia and prominently feature Russia’s famous onion domes.
Although there are some discrepancies with respect to the names of the cities that are included in the ring, most include:
Sergiyev Posad
Pereslavl-Zalesskiy
Rostov Velikiy
Yaroslavl
Kostroma
Ivanovo
Gus-Khrustalny
Suzdal
Vladimir
Rybinsk
Uglich
Alexandrov
Many of these cities are to be found along the M8 highway or can be reached from Yaroslavl Railway Station in Moscow.
=====================================================
A dream that I am to do eventually. Now this is much more interesting that watching the USA Super “toilet” Bowl.
20th century architecture is always an Ayn Rand nightmare, even in Russia. If you want inspiring architecture. Try this. Nijni Novgorod is also quite spectacular. Ii beats the Walt Disney style and Batman style of the Mnistry.
http://www.travelallrussia.com/golden-ring/
The Russia that Communist almost destroyed is much more charmng and inspiring and peaceful. Don’t remember the exact number. But I think Lenin and his bunch destroyed something like 20,000 of these exquisite churches. Murderous matarialist fool. This is the cultural and historical base of Russia and it is soo beautiful and strangely peacuful. I know it’s strange knowing the history of the country.
I LOVE IT!!!!
It’s fuckin CHAOS in the Financial world right now…
From Fox to CNBC to Bloomberg to BNN to Unkatunktunk on Mongolian Shadow Puppet Broadcasting…
All the Ass Munching Turd Tokers are trying to figure out what is going to happen next…
and NO ONE has any idea…
This is the beginning of FIAT ARMAGEDDON!!!!
TECHNOCRACY FOR THE WIN!!!!
(like that will ever happen….)
BTW Jim Willie posted a fairly provocative article a couple days ago
http://www.financialsense.com/fsu/editorials/willie/2010/0203.html
London is the center of the Gold Price Manipulation Machine ????
As a sidenote…
I went to my Union’s monthly meeting last night…
And the ship-building industry is practically dead…
There are several reasons for it… the main one on the MACRO scale is there is NOT ENOUGH COMMERCE to support the SUPPLY…
I can see it when I go to http://www.vesseltracker.com
Ships are MOORED all over…
So all these Global Contracts for NEW ship construction are being pushed OUT into the future, since the old ships are NOT getting used (ergo decommissioned)…
On top of that, FERRY repair in British Columbia is being out-sourced to Washington State in the USA, since they only pay their workers $15-18/hr
UNIONS ARE DEAD!!!!
which sucks for EVERYBODY…
becuz if unions die, then YOU as a free-lance tradesman have no way to measure yourself to industry… you essentially become a slave to the oligarchs’ demands…
take it or suffer…
DEFLATION?!?!?!
In British Columbia, DEFINITELY!!!
I even see it in the Private Industry… Wages are GOING DOWN!!!!
there are wild-cards, but they tend to be more specialist in their demands, to which, one would’ve commanded a 20%+ higher wage just a year ago…
Something is definitely up (most likely DEBT)
What’s next. Total paralysis.
http://rawstory.com/2010/02/kill-americans/
This story is sick. It’s about contract killing/assassination of Americans abroad by American agencies and the US gov’t.
Scary minority report.
Think I was kidding when I was talking about fascism and Nazi Germany. They never ceased to do it. Now it’s just an official policy. In the past this treatment was reserved to african leaders and south american politicians not collaborating with the empire. Today the empire says. From now on if we decide we want you dead because we have put the label “terrorist” on your file, WE CAN KILL YOU.
Don’t forget the OBANANA slogan. YES WE CAN…….
YES WE CAN KILL YOU (and we will.)
A new refinement to The Patriot Act. Permit to kill US citizen. What you as US citizens allowed to be done at Irakis, will from NOW ON be applied to you. Welcome to USSA.
It is said that your “democratic” US government has about 53,000 contract killers across the world. Surprise ! Most of them operate in the good old USA. When not killing in the USA or in Irak or Afghanistan. they occupy themselves selling coke and opiun in US streets. I don’t doubt it at all.
@ Phil/Germany
Thanks for the link of fofoa. It’s a good read.
It Is Now Mathematically Impossible To Pay Off The U.S. National Debt
http://www.globalresearch.ca/index.php?context=va&aid=17426
http://www.globalresearch.ca/index.php?context=va&aid=17426
It Is Now Mathematically Impossible To Pay Off The U.S. National Debt
http://www.globalresearch.ca/index.php?context=va&aid=17426
Cool shot! Moscow University!
The building in the photo does look a lot like:
http://en.wikipedia.org/wiki/File:Royal_Liver_Building.jpg
but your image is such that doing a “blink comparator test”
http://en.wikipedia.org/wiki/Blink_comparator
is difficult.
However, the buildings do never the less have very similar design fundamentals and principals.
@Max Power – except if you look at that area where it looks like there should be a clock on the face of the building, it is actually a hammer and a sickle
they used to say that the Lubianka had the best views in Moscow during the soviet times – from the basement you could see all the way to siberia.
Soviet style achitecture. All based on the same principle. The building must crush the eye of the visitor by it’s massiveness. Modern Americain architecture is about the same. No soul. Just arrogant bureaucratic hubris from big government and big business. Same feeling.
http://images.google.ca/imgres?imgurl=http://www.photoway.com/images/roumanie/ROM03_041-palais-parlement.jpg&imgrefurl=http://www.photoway.com/fr/dest/ROM03_021.html&usg=__mabn4oJ3V1uau78JxmXGyxMeGYI=&h=320&w=480&sz=37&hl=fr&start=5&um=1&itbs=1&tbnid=13XYJyR4MskY4M:&tbnh=86&tbnw=129&prev=/images%3Fq%3Dpalais%2Bdu%2Bpeuple%2Bbucarest%26hl%3Dfr%26rlz%3D1T4RNWN_frCA265CA265%26sa%3DN%26um%3D1
Like Bonn said. Gotham city architecture. Specially gloomy at night. This is a mini version of the Ministry. The Palace of Culture in Warsaw. These building have something so Stalinian. A lot like some US buildings.
http://cequetulis.files.wordpress.com/2010/01/palais-de-la-culture.jpg
http://www.yaei.com/images/LACity3.jpg
Crush the eye. Bureaucrats always loves this type of building. You have good examples in USA too. Statist architecture.
Moscow was built to intimidate, and Stalin’s seven sisters (of which this building is one) are the perfect crystallisation of this intention.
I have almost the same photograph from late 2001
Been to Moscow 5 times and also to the Urals and the Trans Sib. Rossii umom ne ponyat’, tolko nado verit …
Russian women. Yum.