Stacy Summary: I like the way that all official statements coming from China relating to almost anything, including the economy; are contradicted by several other official statements. So, for example, in the last week we have heard from several official sources that the yuan will rise by up to 5pc and that the yuan, in fact, will not be allowed to rise at all. It’s the art of war I suppose of never letting your enemy, in this case, the other players in the market, know what you are really doing.
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@sophia,
Thank you for your links and words.
Snoot,
It’s bleak now, but think what it will be on the other side of all of this.
@snoot,
Yup, that’s the one! Rather amazing isn’t it?!
@snoot love is powefull stuff. http://www.youtube.com/watch?v=wAno6opLXe0
@Snoot. sweet. thanks.
For Ronron:
http://www.youtube.com/watch?v=M-2lMstw6qs
@Snoot. thought you would be over here. max and stacy will be waiting at the airport. hahaha. hang in girl. gonna be allright. forget worrying so much. gold, money, sdr’s. fuck it. one day tomorrow. gonna be nice.
@naomi:
Is this the quote you referenced?
King James Bible
“They shall cast their silver in the streets, and their gold shall be removed: their silver and their gold shall not be able to deliver them in the day of the wrath of the LORD: they shall not satisfy their souls, neither fill their bowels: because it is the stumblingblock of their iniquity.”
@snoot
I think you are straight on with your assessment and it makes it all the more horrible when listening to GWB sr. doing a sickening sweet mamby pamby speech about the NWO…..”a new world order, based on laws, and the people of the world will be free”……….
Free of their money, free of their national identity, free of their pesky Freedom of self realization, free from creativity, free from art, free from literature, free of history, free to worship One God and I suspect that the religious model that they will use will be radical Islam. Named differently but Radical Islam ijust the same. Radical Islam is the most crushing religious framework. It makes men fearful slaves, and women even lower than the men. Brutal, ruthless and draconian in it’s application of law as an “eye for an eye”
Absolute fraud.
The debt they are tyring to get nation states to swallow is THIN AIR.
Once people see that they no longer will allow this fraud to continue. That’s why they are so afraid of the internet and the information actually getting out.
LIstened to a great interview with Birgitta Jondistirr (sp?) from Iceland on Alex Jones. Tiny Iceland told the banks to go to hell, they are not going to pay and are saying the banks are involved in Fraud. Huge!
We have to stand with Iceland and support the people anyway we can.
@snoot,
and then “they will throw money in the streets, because it is worthless”…
They – the banksters et al. – keep desperately trying to reduce us to dust and ashes, but we just pop up again!
They don’t understand the power of the spirit in ‘we the individual that make up the majority of the populace’ for they have not known of or nurtured it within themselves. They just don’t get it do they.
The spirit within each of is our true wealth and we must keep that intact and free.
The bangsters have not only brought their gold plated tungston down to the level of their toxic derivitives, (sold as structured investment vehicles! ) that they have also been flooding the world with, in fact they have made a clear statement about their own criminal mindset and value – utterly debased themselves!
The canny words of Sir Joshia Stamp (1880-1941) President of the Bank of England in the 1920′s, (who was at the time the second richest man in Britain) Speaking at the Commencement Address of the University of Texas in 1927 -
“Banking was conceived in iniquity and was born in sin.
The Bankers own the earth. Take it away from them,
but leave them the power to create deposits,
and with the flick of the pen they will
create enough deposits to buy it back again.
However, take it away from them, and
all the great fortunes like mine
will disappear and they ought to disappear, for
this would be a happier and better world to live in.
But, if you wish to remain the slaves of Bankers
and pay the cost of your own slavery,
let them continue to create deposits.”
They have been running the world – well almost for a long, long time! This is why the FED and the IRS (both private illegal corporations) and the misguided individuals who criminally and treasonously plan and set in motion ways to bring humanity of the world to its knees, must go and the Bank of England and other criminally run central banks as well.
They are both branches from the same source – the Vatican!
The Bank of England was set up by a group of twenty five private wealthy landowners with powerful political and religious connections. Simply put, in 1694, Prince William of Orange (husband to Queen Mary on the throne of England ) asked the new B of E bankers if they would loan him the money to continue war with France and Spain, they agreed on the provision that he gave them the sole rights to ‘print the money’!
At the conclusion of the battle of Waterloo, Nathan Rothschild bought up all the crashed shares on the London Stock Market at rock bottom prices (all rigged) and thus owned England.
The banking manifesto of 1892 and 1934 tell us their real aims
http://circleof13.blogspot.com/2008/11/bankers-manifesto-of-1892.html
Thus, with other bankers planed at a secret meeting in 1910 on Jeckyll Island to take over North America. (recorded in the book Creature from Jeckyll Island by Ed Griffith)
Just before setting up the Federal Reserve Act, Congressman Charles A. Linburg Sr. declared:
“This act (the Federal Reserve Act, Dec 23rd 1913) establishes the most gigantic trust on earth. When the President signs the Bill, the invisible government of the monetary power will be legalized … the worst legislative crime of the ages is perpetrated by this banking and currency Bill …”
The ‘swamp creature’ as it has become to be known (and reaching much further back into the past than expressed here), is at long last being seen for what it is. Its tenticles have insideously moved into just about every aspect of society and our lives. however, once we ‘see’ it then we are all better able to rid ourselves of its throttling grip on our world and our, and our childrens lives.
Like Max Keiser, Congressman Ron Paull is not afraid of clearly calling ‘a spade a spade’ as heard as he addresses a crowd of TSA workers in Texas part 1 – 6 http://www.youtube.com/user/RidleyReport#p/u/18/zKSCote3buI
How important we all have the same courage to speak out in the name of honesty, integrity, true justice, and love for our fellow beings world-wide.
@naomi:
At that point currency become superfluous.
@snoot,
If I’m following correctly, the dollar and the yuan are connected. The Yuan will be included in the the SDR initially. The Yuan would rise but since the peg is broken between the dollar and the Yuan, the dollar would fall.
I find the term transubstantiation humorous. That is a term that the Catholic Church uses during the communion sevice, when the priest holds up the wine, and waffer and through transubstantiation it becomes the blood and body of Christ.
Same thing really. A giant computer, which issues “Money” and all the people have to do is pretend or believe that the computer is telling the truth, what ever the truth is at that moment.
@naomi:
I like your scenerio. But Russia is a proxy state with inclinations towards the EU at present. It is interesting the new alignment within regional currency zones. Not sure about the Chinese: yuan looks set to be a reserve asset inclusion in the sdr for starters.
The peg between the dollar and the yuan is all that really remains of the dollar/reserve system, no? Now what happens when the peg is broken? And the sdr/idea would keep the yuan safely denominated within sdr/protection.
What do you see happening with the yuan?
Naomi, I see two systems operating. The government is standing in between the gentlemen’s club and our putrid little worlds. Now we operate out of innocence which I indicated (as far as being naive is a form of innocence). But the gentlemen’s club operates through cunning and retains the perspective whose norm is allocated in different parcels to us. The parcels are delivered by the press, by the schools, and by our culural affinities and commercialism. We help the gentlemen in their endeavours through our acceptance of the perspective or spin on events and provoked realities.
Let me put it simply:
http://www.g20.org/
These guys are working on liquidity through sdr/reserve and a new system of regional currency control in which the trade currency will not be accessible to us. The global reserve assets will be a means to control the industry and trade for the further profit of these same gentlemen. People are to be denied access also to liquidity. Liquidity=freedom. (Slave retain neither assets nor currency) The idea of a store of wealth will not be retained for us.
I would say they are not Chinese nor Russian in particular but an amalgamation of the many in service of the few.
My perspective is rather gloomy and doomy. But I do believe it represents encapsulated what Bush Sr. referred to as the nwo.
“China gets knee capped along with the slaves around the world and are now under control to the western criminal banking class.”
China (the men of power within the context of a nation/state) sees global trade profit within their region of currency control. It would seem to me that the real criminals are the people who own and operate the G20 sovereign banks.
“So, the Chinese are buying physical gold”
Which Chinese are you referring to, Naomi? The central bank or the people? The central bank is within the IMF ‘monetary authority’ and so follows the protocol listed by the IMF for their accounting.
“Gold held by the monetary authorities as part of the official reserves of a country or by international financial institutions such as the IMF and BIS is classified as monetary gold and a financial asset. As with SDRs there is no corresponding financial liability, an exception to the norm for financial assets. Direct sales between the monetary authorities are classified as a financial transaction in the SNA.”
The sale is merely a financial transaction concerning the System of National Accounts (SNA). My take is that the sale is a way to align the currency reserves of member nation/central banks within the context of liquidity for global trade profit (perhaps even a future international clearing union). I am not sure how the sdr corresponds to the gold accounting unit. I do not believe that physical gold is switching hands because it is a book transaction. The gold transactions are listed incurring three parties:
a.monetary authority to monetary authority
b.monetary authority to non-monetary authority
c.non-monetary authority to monetary authority
Central bank transfers from the IMF would be under protocol a. IMF makes a distinction between monetary and non-monetary gold:
“Non-monetary gold is treated as a commodity either for intermediate consumption or additions to inventories (for industrial use e.g. for electronics, dental or jewellery manufacture) or as a ‘store of wealth’ classified to the SNA capital account as valuables alongside precious stones
and works of art etc.”
Non-monetary gold is treated AS A COMMODITY. Therefore the monetary gold IS NOT A COMMODITY. This is in line with the SNA transaction protocal.
I find this fascinating:
Monetary gold and SDRs issued by the IMF are financial assets for which there are no corresponding financial liabilities.
That’s what I meant by transubstantiated paper to gold. The IMF counts their monetary gold on a separate plane than actual gold bullion: otherwise how else could there be no corresponding financial liablities?
It indicates that what is on the SNA books as monetary gold is not bullion. Now, the way to be sure about these recent sales and physical gold is to see how the IMF transcribed them on their books: monetary or no.
Remember: there are two classifications for gold at the IMF within the circulation of gold in their accounts with member institutions (aka the gentlemen’s club).
@snoot,
So, the Chinese are buying physical gold……the ultimate value of the physical gold is at the dictate of the G20, G30, Goldman Sachs/Federal Reserve/Bilderburg…….and once the trap is completely filled (China buying all the gold they can get there hands on) then the creeps behind the curtain say it’s worthless or has only half the value of the PAPER GOLD which China and the slaves have not purchased out of disgust and mistrust of the known criminals behind the conference table.
China gets knee capped along with the slaves around the world and are now under control to the western criminal banking class.
The slaves don’t have the power of a nation state, but if this is the scenario….this is when China will join Russia and we will be in WW3.
Am I reading this correctly?
Umm! “All that glisters in not gold”
I bet China is being ‘prudent’ as to who they buy their gold from.
In the link below you can learn a little more of the gold plated tungston fraud and how massive it is AND that it not new!
http://www.youtube.com/watch?v=M0-hGHJSgNA&feature=channel
China economy is an illusion. Yes, I know they are fiscally responsible, but so what , this will all for not when their econmy crashes.
Pundits sit around talking about how the Chinese now own the world. As far as Americas super power status is concerned, economically speaking , maybe China is now in the drivers seat in the short term.
But in no way shape or form are the Chinese in control of the international stage as long as the US Military superiority remains strong, which it will thanks to the unstoppable monetary printing presses and carte blanche buget allowances.
In the longterm this current butting of heads will not end well for both countries, which Im betting results in World War III.
@Gordo:
Perspective is the tool of the rational mind. It dresses reality in a coat and a hat. Innocence wears the clothing of nature.
@frances snoot
Physical gold is worth what the paper market says it is: period. To say otherwise is to dance around the maypole.
Interesting comments.
@WL:
I’m not against dancing around the maypole. I think nature, spring, and the maypole all go hand in hand! Here’s a poem as a counterweight to the sdr weighting forthcoming:
This is the Key
This is the Key of the Kingdom
In that Kingdom is a city;
In that city is a town;
In that town is a street;
In that street there winds a lane;
In that lane there is a yard;
In that yard there is a house;
In that house there waits a room;
In that room an empty bed;
And on that bed a basket–
A Basket of Sweet Flowers;
Of Flowers, of Flowers;
A Basket of Sweet Flowers.
Flowers in a Basket;
Basket on a bed;
Bed in a chamber;
Chamber in a house;
House in a weedy yard;
Yard in the winding lane;
Lane in a broad street;
Street in the high town;
Town in the city;
City in the Kingdom–
This is the Key of the Kingdom.
Of the Kingdom this is the Key.–”Mr.Nahum’s Book”–ComeHither–WalterdelaMare
@Snoots
Found this:
Jaime caruana …. BIS Chair
http://en.wikipedia.org/wiki/Jaime_Caruana
Member of the G30 Group of 30 …Scary group “Heart of Darkness”
http://www.group30.org/members.htm
Which has the exact address down to the suite number of this group..
http://www.brettonwoods.org/ Check out these people
Makes you go hmmmmm
Gold, barbaric relic
You would have to be insane to hold that junk
Oh yeah silver too
comments are “golden” here today
for physical gold (what the “slaves” are holding for survival), the “ultimate fix” -like the first one, may be in -for the USA – only question is will it be played -again
the fix was and may be again – “anti hording laws” and government confiscation of all gold bullion (as FDR did and “it’s only a conspiracy theory, but” so did Stalin in the USSR – at the same time)
then the question will be about timing – getting out; followed by question of where to go if and after “anti hording laws” ( recently updated in the laws books for the “next crisis”) go into effect
The question is one of liquidity support and the dance around the maypole:
Paper gold supports the access to liquidity of IMF functionaries. Physical gold inhibits the flow of liquidity amongst the slaves, er people.
Denominations in paper gold are IMF unit-denominations. Denominations in physical gold are paper-supported denominations.
The denominations are the point-force vector of our “monetary authorities”. Oh, and they do mean “authority”. They showed their clout with the police-state parade outside the Pittsburgh G20.
Physical gold is worth what the paper market says it is: period. To say otherwise is to dance around the maypole.
Chineese bullshitters. Who the hell are they kidding these clowns. China has ONE big problem. The Warren Buffett toilet paper hoard is approaching 2,5 trillion. Must be quite stressing to be stuck with 2,500 billion of total nothingness.
“Financial derivatives denominated or linked to gold are also treated as financial assets.”
This must be what Tavakoli was referring to: not physical gold but a derivative denominated or linked to gold as collateral.
Physical gold is an anachronism within the IMF/G20 world of transubstantiated paper money. (demonetized gold monetized paper *poof)
The paper gold market that Soros bought into heavily is supported as a financial asset through our ‘monetary authorities’.
Soros isn’t stupid. He was saying GOLD PRICE (physical gold value as a derivative of price) was a bubble: he is investing in a monetary asset according to the IMF diction.
The curious question is whether this asset (paper gold) will preserve capital during a dollar/US gov default which is what Tavakoli was indicating.
Someone needs to get Tavakoli to clarify: is it physical or paper gold she indicated was being used as collateral on the sovereign default contracts?
And if so: that would indicate a loophole in the IMF diction/power grab. They do mean to follow the ‘rule of law’: but reality they call into being according to their own benefit.
Hence the question of sovereign US default and the cds contracts. Hence the prohibition.
But how does Tavakoli tie any connection between the physical gold market and the paper gold market unless there is some inherent tie within the pricing of the physical gold and the paper market.
If the paper market is supporting the price of physical gold through the IMF transubstantiation diction (and most likely actions within the gold derivative market), then one would not want to prohibit cds on sovereign debt. The idea is brilliant really; traders are asking the IMF to guarantee US sovereign debt default contracts. (Fairly-based really, seeing the ‘close ties’ between the IMF and the US treasury).
What happens if the sovereign/cds contracts are prohibited?
It’s really all pretty simple.
When you look at Kitco.com’s spot gold prices, the spot gold price is flat during Hong Kong/Sydney trading hours. Then, when London opens, the price goes up and when New York opens…the price swings depending upon what the Fed Reserve-US Dept of Treasury-Bankers triad do.
Usually if the gold price moves up dramatically in London, it will move back to a 7 day normal line in New York.
Here’s my assessment-
Buyers of gold show up in London while China converts massive amounts of useless trash paper “contracts” to actual gold assets.
This entire picture is about how you convert useless “bits” of electronic data and “paper” derivatives contracts to gold.
Tavakkoli has it exactly right.
The bond papers for sov. debt is not good. So, people are running to precious metals to convert the paper to real asset.
what good commu-capitalists
looks like the strategy is working yesterday and so far today
“Prices haven’t really corrected that much despite the drop in the euro, and we’ve seen investor positioning turn a bit more positive.”
Surely the drop in the Euro would prevent the price “correcting” and makes the current price correct? The investors have been turning positive on gold because of the bad currency markets, surely?
Am I wrong or am I now (through Max and Stacy over the years) more knowledgable than the ‘experts’?
The RMB is gargantuanly undervalued on the world scale. The present peg at 6.8xx Y/ 1 USD is way way off. Probably 3 to 1 would be much closer to an expression of reality, as strange as that may seem.
The China strategy appears to be to in phase one to print RMB, a de facto devaluation while maintaining the peg to the US Dollar. This will increase China’s total apparent wealth without devaluing their currency on the international scale because the dollar Peg will hold up the RMB. This is a sort of cashing in of the unrealized value of the RMB by simply printing money against the dollar.
Later, look for China to revalue the RMB upward against the dollar, and thus push up the value of the massively printed RMB.
Two dangerous domestic effects in China need to be considered in this game. 1. Printing more money will result in some domestic inflation and there is strong resistance to price increases in the Chinese mindset, particularly related to food and clothing. There is no limit to what the Chinese will spend on frivolities but they will fight for pennies on the necessities.
2. China’s increased money supply is flowing dangerously into the speculative housing market. The price of housing is rising at an exponential rate creating a massive bubble. There are pundits in the Chinese media who are saying that the housing boom is not a bubble but is a reflection of real demand. There are also a few voices of reason saying WHOA, this is a speculative bubble.
“Monetary gold and SDRs issued by the IMF are financial assets for which there are no corresponding financial liabilities.”
II.1 Current standards on gold
4. All the existing international standards for macro-economic accounts are fully consistent in
their recommendations for the treatment of monetary and non-monetary gold in the accounts.
Gold held by the monetary authorities as part of the official reserves of a country or by
international financial institutions such as the IMF and BIS is classified as monetary gold and a
financial asset. As with SDRs there is no corresponding financial liability, an exception to the
norm for financial assets. Direct sales between the monetary authorities are classified as a
financial transaction in the SNA.
Non-monetary gold is treated as a commodity either for intermediate consumption or additions
to inventories (for industrial use e.g. for electronics, dental or jewellery manufacture) or as a
‘store of wealth’ classified to the SNA capital account as valuables alongside precious stones
and works of art etc.
6. Sales of monetary gold to non-monetary holders are treated as a change in classification
(demonetisation) of the gold by the monetary authorities under the “other changes in volume”
to the balance sheet, followed by a sale of valuables by the monetary authorities from the SNA
capital account, and an export of goods if the purchaser is a non-resident. In reverse, purchases
of gold by the monetary authorities (other than directly from another monetary authority) are
purchases of non-monetary gold followed by a reclassification as a financial asset
(monetisation) when added to the official reserves.
7. Physical gold owned by depository corporations is thus classified as a non-financial asset,
however the banks’ corresponding liabilities will usually be in the form of deposits
denominated in gold and these are financial liabilities under the international standards.2
8. Financial derivatives denominated or linked to gold are also treated as financial assets. Gold
swaps undertaken by the monetary authorities are treated as the creation of a new financial
instrument (collateralised loan) while gold loans by the monetary authorities are treated as off
balance sheet transactions.3
http://www.imf.org/external/np/sta/bop/pdf/bopteg27a-bp.pdf
Gold is used as an index by the IMF in the same way as the sdr: THE gold SALES ARE NOT REGARDING PHYSICAL GOLD.
The goal of the system?
“What changed under the Second Amendment to the Articles of Agreement of the IMF? The Second Amendment to the Articles of Agreement of the IMF, which came into effect in April 1978, eliminated the use of gold as the common denominator of the par value system and as the basis of the value of the SDR. The Amendment also abolished the official price of gold and abrogated the obligatory uses of gold in transactions between the IMF and its members… Under the Amendment, members undertook to collaborate with the IMF and other members with respect to reserve assets to promote better international surveillance of international liquidity.”
http://www.imf.org/external/np/exr/facts/gold.htm
what bullshi*t
Seven reasons to invest in gold http://www.telegraph.co.uk/finance/personalfinance/investing/gold/7394180/Seven-reasons-to-invest-in-gold.html
Dim bulb – Commentary: Energy conservation rule doesn’t accomplish what it’s supposed to http://www.marketwatch.com/story/energy-rule-doesnt-do-what-its-supposed-to-2010-03-09
These kind of comments from the Chinese are laughable. This is poker table folly at its best.
A good business man never tells the market palce and especially his competitors what his real plans and intentions are. Misdirection at best is at play here.
Silence is golden among all Southeast Asia entrepeneurs. Everything from a land purchase, to renting and bidding on an apartment are even kept secret from close relatives.
Since when is anything a manipulative Chinese politican says taken seriously.
Once again we have a situation, where insider shorts and longs can make money on commodities. I do not doubt that some important Chinese gov’t agents(corp) and or agencies have contirved this statement for options profits.
Switzerland votes on legal representation of animals in court. http://www.marketwatch.com/video/asset/in-zurich-animals-may-have-lawyers-2010-03-06/3B5C24CC-A2DD-43B6-AD07-1555B7A88056
Eurotunnel profit sinks 96% on economy, fire http://www.marketwatch.com/story/eurotunnel-profit-sinks-96-on-economy-fire-2010-03-09
Currency devaluation needs new export markets on Mars to prove a panacea http://www.telegraph.co.uk/finance/financetopics/financialcrisis/7400278/Currency-devaluation-needs-new-export-markets-on-Mars-to-prove-a-panacea.html
UK exports plunge, threatening hopes of economic uplift http://www.telegraph.co.uk/finance/economics/7404682/UK-exports-plunge-threatening-hopes-of-economic-uplift.html
Glenn Beck is beginning to prepare the US for a war against Europe.
lolololol
Why dont they make up thier mind
lololol
Hic
China could ease dollar currency peg says Prof Roubini http://www.telegraph.co.uk/finance/financetopics/financialcrisis/7400482/China-could-ease-dollar-currency-peg-says-Dr-Doom.html
Glenn Beck is beginning to prepare the US for a war against Europe.
Who said America wouldn’t invent an enemy when a war is needed?
(ingnore the dutch text; click the vid)
http://www.spitsnieuws.nl/archives/video/2010/03/glenn_beck_noemt_wilders_fasci.html
Barack Obama’s home state of Illinois is near the point of fiscal disintegration. http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/7338857/Dont-go-wobbly-on-us-now-Ben-Bernanke.html
China’s military bluster camouflages toothless bite http://www.reuters.com/article/idUSTRE6280JW20100309
Portugal follows Greece down austerity path http://www.reuters.com/article/idUSTRE62734S20100309
The collapse of the Empire
http://www.marketwatch.com/story/the-rise-and-certain-fall-of-the-american-empire-2010-03-09
@ Hawkeye
I have always had control over me monies don’t Trust anyone wit it
Tats why I never belived in Pension funds and sh!t
hic
Wink Wink
Hic
Factbox: Hints of divisions in China about yuan policy http://www.reuters.com/article/idUSTRE6280QA20100309
This is where the coyote still has his legs spinning but the ground has run out..
@Bonn
Well the banksters are holding the Gvt, the pension funds, us as shareholders, deposit holders, home owners etc. as hostage.
All of us were “hooked” on rising asset prices, and got a fix from the “highs”. Meanwhile, the banksters were creaming off profits, a.k.a. Control Fraud:
http://en.wikipedia.org/wiki/William_K._Black
Everything is in a holding pattern!
Mike
China says committed to U.S. debt, wary on gold http://www.reuters.com/article/idUSTRE6280K720100309
Goldman Sachs sued by big pension fund over pay http://www.reuters.com/article/idUSTRE62763320100309
“China says it will be prudent in buying gold”
Well, I guess it makes a change from Gordon Brown saying he was being prudent by selling gold!
Its the same ploy by the same Usual suspects who have done this fer over 300 years
Hic
This type of statement suggests it is a controlled market, where you can take your time to buy. China is up against hedgefunds without its geopolitical inhibitions. This can never last.
USA While State tax revenues declines at precipitous rates, the tax rates explode at precipitous rates. The raping and the plundering of the US taxpayer is not working. Know why ? People are BUSTED you stupid parasitic poliicians.
http://ml-implode.com/staticnews/2010-03-08_StateTaxRevenuesPlummetBy87BillionBiggestYearOverYearDeclineInHi.html
@ Max
Like i was saying in the Previous thread
Even if Icelanders agree along with Greece (As well as remaining PIIGS)
The average Joe in the remaining EU aint Gonna benifit IMO
Its Just the small gruop of Bankers
Plus even if the Average EU Joe had stocks in Banks Surely after las year when Citibank along with other banks went belly up peeps woulda sold thier Stocks
So the Average EU Joe will not benifit @ All even if Icelanders & Greece Aggree Well Icelands already said no
Its a Small Club and the Average Joe is not part of it.
IMO
Hic
GATA appeals to CFTC to act against manipulative shorts 8 March 2010 cpowell (GATA) http://gata.org/node/8405
Dam it takes a month to sell land here
I guess I am stuck
Hic
the china put
whenever gold drops, china will buy more
it’s a one way bet on the rise in gold prices
no brainer
What a surprise indeed. And these things still work ? Proves that people are fundementally a bunch of idiots.
unos