Stacy Summary: Lots of discussion no doubt will ensue on, “The IMF meets on May 11 in Zurich. They will be discussing alternatives to the dollar reserve schema, and there is some speculation that Russia and China will formally raise the issue of gold and silver in the currency basket based on their stated positions and some speeches by officials. But that seems a bit of a reach without something fresher.”
UPDATE:
- CFTC Warns GOLD/SILVER Spikes (Denninger)
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CrossTalk on Greece: Euro – too big to exist?
RT
http://www.youtube.com/watch?v=F5XIF2P5nJ8&feature=player_embedded#!
NICE!!
I just bought a few silver rounds (well, more than a few) yesterday!
Karl explains
http://market-ticker.denninger.net/archives/2286-CFTC-Warns,-GOLDSILVER-Spikes.html
Fascist Karl Denninger calls for crushing any protest to the bankers with an iron fist!
http://market-ticker.denninger.net/archives/2246-Threats-Of-Civil-War.html
@greatest fool
I am a greater fool – I believed silver was going to sink.
Although I believe this pool is full of sharks and I will stay out of the water.
CFTC warns the cattle is not supposed to jump over the barriers..
I bought some palladium at 202 Euro an ounce (2008)..It’s at 400 now and that’s probably not gonna end..
It’s pretty hard to image people will start a civil war over salaries..It is the entrepeneurs that rise up, because they work for every penny..Ref. Dutch 80 year war started because Spain wanted to levy real VAT instead of recieving a lump sum..
The Problem I have with Mish and to a much lesser extent KD is that they beleive in austerity which is neccessary but if this is implemented the long term surplus is transfered to profits and not capital growth.
Until a new monetary mechanism is created their is little point to austerity.
You are better off having a good time as any blood sweat and tears on your part is converted into a good time for some banker on a beech.
One question that has not been asked about the euro crisis is why Germany and France created so much savings that could not find a home in these countries.
These savings found their way into flawed investment vehicles outside these countries.
The ECBs 3% fiscal rule is at the heart of the Euro crisis as these Goverments could no longer spend their money on Utilities that would have incresed real wealth in the long term .
civil war? http://market-ticker.denninger.net/archives/2246-Threats-Of-Civil-War.html
@Y’all:
Denninger is a good ole white boy: what’didya expect? I been sayin’ he has cold ice tea for blood.
Everyone is ignoring the IMF Stand-By-Agreement affect of the countries under which it flies: and it isn’t pretty. Basically an end to sovereign digress, neo-liberal reform, and an exit from international markets. Denninger should know that the agreement for Greece would make Greece a SBA country.
Nobodies taking Jean-Claude Trichet seriously any more I hear them saying even here in the Netherlands.
Well if you here is here it Must really be serious otherwise you here notin, NO-THING!
Correction – not their money , the citizens money.
Monetarism creates a temporary surplus and huge fictional savings as it does not spend money on Utilities but on building a hotel on the beech.
This is great as long as it lasts but a beech hotel does not create wealth.
Axel Weber is heartless, Youri.
@Francis — HEY! I’m a good ole white boy — but I’m NOT a Fascist!
GET OFF THE IDIOT RACISM B.S.
actually. denninger is a two faced prick.
‘Serious threat’ to UK’s top credit rating http://www.thisismoney.co.uk/news/article.html?in_article_id=504069&in_page_id=2
Marc Faber today on BNN video
Part 1
http://watch.bnn.ca/#clip299171
Faber switches to Lady GAGA vids when Prez speaks
Part2
http://watch.bnn.ca/#clip299183
Lloyd Blank on Bloomberg
” I am quite touched by the loyalty and support for us”
Priceless
Just kill the fucking fish.
Tony:
I’m not being ‘anti-white’: I’m categorizing a species seen in the wilds of Florida once termed ‘crackers’ but now relegated to public office under the term Republican from Florida. When did I say racism was involved? Are you familiar with the policy of these cold-hearted beady-eyed patricians of the old South?
Denninger’s jibe towards teachers from Florida indicates his stance within the structure of Florida politics: Public Enemy #1. The nerve of these ignoramus blowhards defies logic.
heh, ronron
U.S. Unemployment from 9.7% to 9.9%
Underemployed from 16.9% naar 17.1%:
http://www.bls.gov/news.release/empsit.nr0.htm
Graph: http://recruitmentmatters.nl/wp-content/uploads/2010/05/image67.png
CME press release, NO FAT FINGER
“all traders fingers have been analyzed and have been found to be within tolerances”
http://cmegroup.mediaroom.com/index.php?s=43&item=3021&pagetemplate=article
The majority of our budget is comprised of handouts of one form or another, whether they be Social Security, Medicare, or public-sector salaries.–denninger
Reality:
http://www.warresisters.org/pages/piechart.htm
‘The IMF meets on May 11 in Zurich. They will be discussing alternatives to the dollar reserve schema, and there is some speculation that Russia and China will formally raise the issue of gold and silver in the currency basket based on their stated positions and some speeches by officials. But that seems a bit of a reach without something fresher, unless news is leaking out somewhere. We have not heard it.’
i knew snoot was right
Denninger should shut up about energy. He has no clue. I can not imagine anyone saying anything like he does for any other reason then that he has some financial interest in it.
What kind of goofball thinks it’s necessary to copyright his web page titulo?
Illinois Budget Woes Come to a Boil
http://online.wsj.com/article/SB10001424052748703686304575228582377071698.html?mod=WSJ_hpp_MIDDLENexttoWhatsNewsThird
Yikes! Gotta love my govnah!
Its probably just a small adjustment where they over manipulated it previously.
“think we overdone the silver short a bit”
“your right buy a little back then put the stabiliser algorithm back on”
Celente on RT today:
DOW ,Geeece, Gold, etc..
http://www.youtube.com/watch?v=tdxgWQWqsS4
@WL
TRANSCRIPT: CEO of the NYSE explains what caused the drop in the market on 6 May 2010 on CNN http://forum.prisonplanet.com/index.php?topic=169995.msg1011046#msg1011046
@ Max and Stacy:
Rep. Alan Grayson on Mish’s website
http://globaleconomicanalysis.blogspot.com/2010/05/rep-alan-grayson-you-own-red-roof-inn.html
When are you guys going to have him as a guest?
Celente on RT today:
Greece, The Dow, Gold, TBTF, Fat finger theory etc etc.
http://www.youtube.com/watch?v=tdxgWQWqsS4
Dylagan
http://www.msnbc.msn.com/id/31510813/ns/msnbc_tv-the_dylan_ratigan_show#37000786
Icelandic White Collar Criminal…BUSTED!
“Icelandic bank’s former chief arrested”:
http://www.ft.com/cms/s/0/e6f64384-597f-11df-99ba-00144feab49a.html?nclick_check=1
Grayson explains how the US tax payer wound up owning the Red Roof Inn. (saw this on Mish’s site)
http://www.youtube.com/watch?v=pE3oiKuU8UI
@KEISER
You wanted on AJS man! The gonna call you I just heard on AJS.
Bob commended you man great!
Alternate Unemployment Charts 7 May 2010, (ShadowStats) http://www.shadowstats.com/alternate_data/unemployment-charts
U.S. Unemployment from 9.7% to 9.9% – Underemployed from 16.9% to 17.1% 7 May 2010, (Bureau of Labor Statistics) http://www.bls.gov/news.release/empsit.nr0.htm
Alex Jones just said on air he will make an emergency call to Max Keiser for his Sunday or Monday show to have him explain what happened in the markets yesterday with the computerized trading. This was suggested by Bob Chapman.
This Gold Price Rally is Not Near its End, and in Fact I am Targetting $1,375 http://silver-and-gold-prices.goldprice.org/2010/05/this-gold-price-rally-is-not-near-its.html
(Updated I think) Silver Breaks Above 18 in a Nearly Vertical Move, and Gold Follows Higher 7 May 2010, (Jesse’s Café Américain) http://jessescrossroadscafe.blogspot.com/2010/05/silver-breaks-above-18-in-swift-move.html
@JayDnis and @Youri – yep, we got an email from them; Max will be on Monday
ICELANDIC authorities today arrested Hreidar Mar Sigurdsson, the former chief executive of the collapsed Kaupthing bank, making him the first high profile banker to be detained in the wake of the Nordic country’s financial crisis. http://www.theaustralian.com.au/business/industry-sectors/reykjavik-charges-hreidar-mar-sigurdsson-with-falsifying-documents/story-e6frg96f-1225863533417
There probably isnt anyone better than Max to explain Thursday.
White House Says Time Right For Climate Bill http://www.nytimes.com/reuters/2010/05/07/news/news-us-climate-usa-congress.html?_r=1&ref=reuters
Aahaahahhhhaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa!
For the record : I predict Jeff Zuckerberg will be forced to leave Facebook under pressure of the banks and future shareholders that want to take it public…
Denninger is an arrogant prick and clueless fucktard. Where were his charges of sedition when Paulson and the boys threatened to blow up the economy unless they got their $700 billion? Where does he get off? People PAID for their Social Security and Medicare, they are not “handouts.” I don’t hear him whining about our bloated military budget or the permanent wars. But then, I rarely read his shitty blog.
Ukraine parliament descends into riot http://www.abc.net.au/pm/content/2010/s2887390.htm
@Youri
Ukraine parliament descends into riot, again.
Fixed that for you.
Contango: Supertanker rates may surge http://www.transportweekly.com/pages/en/news/articles/71765/
Dodd reaches deal with Sanders on audit-the-Fed measure – Bill would have Fed disclose names of bank recipients of emergency loans http://www.marketwatch.com/story/dodd-reaches-deal-on-audit-the-fed-measure-2010-05-07
Sanders betrayed Paul.
Rahm Emmanuel is the one running the show… http://www.foxnews.com/story/0,2933,592335,00.html
@Youri
You mean the Mossad is running USA. We know. The Mossad. Nothing new.
As long as the Federal Reserve Note is the world reserve currency. We are all in peril. Wall Street can only do what is does because of the dollars wrc status. Buying metals / shares are the antithesis to the FedGov.Inc system. The Russians, Chinese, etc. are taxed by having to buy Treasury bonds. It is a defacto world tax that feeds the beast. The dollar will have to have it’s teeth pulled before a more sustainable / equitable system can be put in place. But, it’s gonna make it real tough on anyone who is not out of $’s.
Gerald Celente on The Dow stock market meltdown – Alex Jones Show 07 May 2010 http://geraldcelentechannel.blogspot.com/2010/05/gerald-celente-dow-stock-market.html
Marc Faber & Roubini: CNBC Interview May 7, 2010 http://www.youtube.com/watch?v=z2SAs8Mkxww
Peter Schiff on Goldseek Radio 01 May 2010 http://www.youtube.com/watch?v=FnsPc3FUAl0
Webstyer Tarpley: World economies in depression http://www.youtube.com/watch?v=J-t-kWkPjhE
A german article on mmnews.de states: Plunge-Protection-Team saved the day on 6 May ?
The Dow Jones made a very unusual turn from falling into a moderate minus.
“You made the stock fall Regan ?..Do it again”…
“In time Karras………in time”….
Time for Ben to jingle mail the FED keys back to Congress.
Then have Lloyd and Jamie jingle mail the GS and JPM keys to the FDIC.
Then the RICO suit.,.. oh yes!