Stacy Summary: Good morning, y’all. Hope you are enjoying the currency roller coaster? And have you noticed the Canadian dollar???? At 1.07??
- Drop Dead Economics (Michael Hudson)
- Goldman Settlement May Hinge on How SEC Justifies Penalty
- Fate of Free World Hangs on German Vote
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So ? Greece is saved ? 554 billion euros in debt to pay.
Like I said. Not the “Free” world. The “Plantation” world. USA and UK are esclavagist societies. It never changed. Today it’s not a question of color, religion or language. You are either a “free” man or a slave. You are either a liberator or a slave merchant. A globalist slave merchant working for the IMF. Long live the “Debtor’s” prison planet.
32 US States now officially bankrupt in the US. Can’t wait seing the federal governement going bankrupt. The world saving stuff lasted 5 seconds.
http://www.zerohedge.com/article/32-states-now-officially-bankrupt-378-billion-borrowed-treasury-fund-unemployment-ca-mi-ny-w
So ? Greece is saved ? 554 billion euros in debt to pay.
Like I said. Not the “Free” world. The “Plantation” world. USA and UK are esclavagist societies. It never changed. Today it’s not a question of color, religion or language. You are either a “free” man or a slave. You are either a liberator or a slave merchant. A globalist slave merchant working for the IMF. Long live the “Debtor’s” prison planet.
I’m from Canada.
One day, when the Canadian dollar was rising (against the American dollar), I thought for a bit and then asked myself, “Is the Canadian dollar being manipulated?” I didn’t really have an answer but for some reason weird reason it seemed like it was. So I went to buy some bullion/coins from my coin dealer and I asked him, “Do you think the Canadian dollar is being manipulated?’. He laughed and said, “Why wouldn’t it be? Everything else is .”
Bills Before Congress to Regulate Banks All Watered Down-William Black former S&L Regulator
http://www.youtube.com/watch?v=F_xdQyfNLnc&feature=related
http://www.youtube.com/watch?v=aQbcNP0MUQY&feature=related
Congress Aiding the Banksters Gutting Financial Reform Massive Theft Continues-Dylan Ratigan
http://www.youtube.com/watch?v=U6veTHnyZXE
Yes, Dedo. We break the soil to break our bread. That’s ‘honest’ slavery, while the elite swim in their own exclusive liquidity pool at yee old polo club.
The meek will inherit the “earth”, while the elect will inherit the “Plan-it”
Go figure,…….
Well, Youri, maybe the Meek will inherit the earth.
US election ads go nuts: Scapegoats, scandals and X-rated candidates http://www.youtube.com/watch?v=bX3Jf-zJgEE
@stacyherbert
Every day is Funky day for you cause you are Funky. (Birthdays)
For me very day is a day for Strange Fruit cause I am Strange Fruity (Funerals) http://www.youtube.com/watch?v=1MNJqDY6PRE
@frances snoot
Yep, interesting. But if people are that stupid to vote for those crooks who can help them?
Besides the elections are rigged anyways. Piece of cake with these voting machines. We threw them out.
@ Stacy
Definitely makes the day seem a much happier one.
Damn he’s so funky.
and I’m just a white honky…
“Shake your money-maker…”
See? He saw this all coming!! :p
Someone alert Alex Jones!!
The Royal Canadian Beaver Society (RC-BS) plans to petition that ALL financial reporters be required to successfully complete Currency 101
@Majestic – oh yeah! it feels like one of those days for funk
@ Stacy, everyone
James Brown : Get up! Get down! Like a …
http://www.youtube.com/watch?v=86Cji6uDTQc
“get up … get on up … Get down …get on down …”
Canadian Dollar retreats 2.12-cents Thursday, taking it down to 93.65 cents (U.S.) as panicky currency traders look for somewhere safe to park their cash
http://www.theglobeandmail.com/report-on-business/economy/loonie-continues-its-sharp-decline/article1575319/
@FranSix – yes, R.Cain pointed out that the CNN Money chart was misleading;
@everyone – listen to FranSix on the Canadian dollar; (s)he says he’s the expert!
sorry but when I checked out pre-market moves, I didn’t look much further into Canadian dollar than what the graphic on CNN stated as I no longer have any Canadian dollar interests myself and only noted that it seemed odd to me that as the carry trade is unwinding there would be a currency that was rising that ought to be falling
so . . . Canadian dollar is DOWN everybody, DOWN! (yesterday)
tomorrow or the next day it will be UP everybody UP
next day or the day after it will be DOWN everybody DOWN
woohoo . . . CURRENCY EXTREME VOLATILITY it is . . . in the global casino
Stacey, CDN is down, not up, you’re reading the price wrong.
For the remedial media club here on Max Keiser.com, a stock chart comparing the $CDN/$USD:
(stockcharts.com may require membership to view)
http://stockcharts.com/h-sc/ui?s=$CDW:$USD&p=W&st=2000-01-01&id=p14655298442&a=162683006&listNum=2&listNum=2
@ Mike
Lol. You’re like the town crier around here!
Maybe you need to invest in some cuervo gold instead?
It is interesting, Youri, considering the proximity of Miami/Dade to Haiti, that Kendrich Meeks (Clinton’s protege for Senate) has a much better chance of winning now that Crist is running as an independent.
(e.g. Today the Au$ dropped 3 UScents in just 3 hours!)
GOLD!
Its at Death’s door!!!!!
Mike
@FranSix – and yet oil prices were down 4% yesterday and the CAD up over 2.25% . . .
@Danny – oooh, will have to check into what has happened to dollarcollapse
@R.Cain – thanks!
@ Stacy
Agreed with your assessment.
and Volatility seems to be the new ‘normal’ in almost all markets. :-s
@ Stacy
CAD = 93¢ US, NOT 1.07 USD
please see my prior post re CNNMoney garbage graphic
@CDN
Stace, Canadian dollar was up with the oil price, and follows the rout. You have to check in with the monthly chart for a longer term take. Yields in Canadian bonds were also higher than in the U.S., though they eventually followed rates south of the border.
Anyone else having trouble getting into http://www.dollarcollapse.com?
I got the following messege…
This account has been suspended.
Either the account is being moved to a new server, or the domain has been overused, or the reseller ran out of resources.
@Majestic – yes, the AUD’s fall is due to carry trade unwind and big exposure to China; but also it seems their debt bubble has continued to expand while the rest of the world was deflating; giving it much further to fall; I still don’t understand why CAD is up so much though . . . it was trading at around .80 only about a year ago; anyway, currency volatility is the theme, so I’m sure it will be back at around .80 for the next stampede of the speculators meets the intervention of the central bankers
New Artificial Life Form! First Synthetic Cell! Vid http://www.youtube.com/watch?v=RGfs328X8Kw
Read More: http://forum.prisonplanet.com/index.php?topic=171871.0
Bill Clinton: crime pays
http://www.acus.org/video/clinton-speaks-2010-awards-dinner
http://www.iiss.org/publications/strategic-comments/past-issues/volume-7—2001/volume-7—issue-9/germanys-new-foreign-policy/
http://www.eurasiareview.com/2010/05/atlantic-council-securing-21st-century.html
@Quoting From The Mainstream
“It is the perfect storm,” said Andrew Roberts, credit strategist at RBS. “People have been too complacent about risky assets. This is a global deflation scare and people need to get ready for falls in US and European bond yields to 2pc.”
http://www.telegraph.co.uk/finance/financetopics/financialcrisis/7746915/Perfect-storm-as-market-tremors-hit-China-Europe-and-the-US.html
@Eric Sprott On BNN.ca
http://watch.bnn.ca/#clip304448
guest suggestion:
Roger Lowenstein
author: The End of Wall Street
http://www.theglobeandmail.com/report-on-business/commentary/boyd-erman/roger-lowenstein-why-we-shouldnt-leave-it-up-to-wall-street/article1572112/
http://www.amazon.ca/End-Wall-Street-Roger-Lowenstein/dp/1594202397
discussion on gold price:
http://www.telegraph.co.uk/finance/personalfinance/investing/gold/7743787/Gold-bulls-claim-price-could-double-to-3000-in-five-years.html
re: CNN Money currency graphic at top of page
the idiot who produced this graphic doesn’t even know how to express currencies correctly
e.g. actual
CAD/USD = 0.93
USD/CAD = 1.07
and same mistake for all other incorrect data points
Bill Clinton is running Haiti now http://www.truthout.org/foreign-led-commission-now-governs-haiti59537
Yipeee!
Euro survives another month.
http://news.bbc.co.uk/2/hi/world/europe/10136128.stm
Man I tink tis Tink tank has been readin Bonn’s comments @ Maxkeiserdot com
UN Command to launch SKorea warship sinking probe
http://news.yahoo.com/s/ap/20100521/ap_on_re_as/as_skorea_ship_sinks
Right on Cue ;->I was askin I tink a week back How come tears no talk on N Korea and the possibility of War
Pentagon Plan to Beef Up Afghan Base Near Iran http://www.bloomberg.com/apps/news?pid=20601109&sid=asZcrg0bvrKY
Obama reports wealth of up to $7.7 million
http://in.news.yahoo.com/137/20100517/756/twl-obama-reports-wealth-of-up-to-7-7-mi.html
From not even having 10 bucks in yer pocket
B!t#h
@Mike/Liverpool
Do you have a £ in your pocket?
Than the collapse is in your wallet next to your willy.
Where is the £ collaspe??????
WHERE?????
Mike
@Free Market Capitalism
Yahoo Tech Ticker, a captured media source, interviews an institutional advisor on the end of free market capitalism, gushing over China. So it makes an interesting counterpoint to rigged market capitalism coming to an end in favour of more stringent regulations:
http://finance.yahoo.com/tech-ticker/%22we're-seeing-the-end-of-a-global-free-market%22-says-ian-bremmer-492475.html
America is gone (And I don’t mean that financially) Soon these MTFs will come home to shoot your ma!
This is yet another video of “Brave American” war criminals surrounding then shooting to death an unarmed old man (video 5 minutes).
اسد تحوم من حوله الكلاب Dogs surrounded the lion http://www.youtube.com/watch?v=2IML02MSEH0
dow 10,000 http://www.marketwatch.com/investing/future/DJM10
interesting email there Max. Just had an image of you there in fatigues storming 85 Broad St. and calling on the terrorists to come out and surrender before your Homeland Security buddies smoke ‘em out.
CAD
in general, our canadian economy functions well with the CAD around 85-90¢ US
CAD/USD 5 year chart
http://uk.finance.yahoo.com/q/bc?s=CADUSD=X&t=5y&l=on&z=l&q=l&c=
@Bonn
Well the Zionists want Armageddon. That’s almost common knowledge now till somebody stops them.
If it wasn’t for a few Generals who refused to start the war against Iran it already would be here. That was when 888Dick was in charge.
Dick Cheney has his private army as well who tried to steel two cruise missiles.
Next elections, as planned, Obama losses the elections, conservative including Cheney comes back and starts throwing nukes. It’s all so obvious these devilish but easy to see through plans.
@ Max & Stacy
Ya better cover Iran as well tey gonna push fer War
Alexander Sexual preference was Suspect
Napolean Sexual preference was Suspect
Hitler’s Sexual preference was Suspect
& now Obama’s Sexual preference is Suspect
And from me research its always tees bunch of Insecure guys who go Ballistic wit NWO crap
Hic
“Sell Gold, Buy Oil: The Numbers Are Clear” Oh Really?
http://www.slopeofhope.com/
Obama starts massive US Air-Sea-Marine build-up opposite Iran 20 May 2010, (DEBKAfile) http://www.debka.com/article/8794/
What is wrong wit USA this is the same 9/11 scenario where Bush already sent his Troops ahead of 9/11
Now I tink terror Alert will be @ a real Rainbow color in the USA
I would take a 6 month Vacation if I was in the US
hudson sums it up well. were fucked.
End the FED
http://www.larouchepac.com/lpactv?nid=14537
We are winning?
Mike
Take Iran’s Deal, Mr. President 20 May 2010, by Patrick J. Buchanan (The American Conservative) http://www.amconmag.com/blog/2010/05/20/take-irans-deal-mr-president/
If Obama refuses to take the Iranian offer seriously, it would appear a sure sign that the War Party has taken him into camp and he is departing the negotiating track for the confrontation track that leads to war.
Minn. National Guard deployment largest since WWII 20 May 2010, by Tim Nelson, Minnesota Public Radio (MPR News) http://minnesota.publicradio.org/display/web/2010/05/20/guard-deployment/
Obama starts massive US Air-Sea-Marine build-up opposite Iran 20 May 2010, (DEBKAfile) http://www.debka.com/article/8794/
WITNESS: Classrooms and cakes: such is “war” with Iran 19 May 2010, by Dan Williams (Reuters) http://www.reuters.com/article/idUSTRE64I22U20100519
@Youri Carma
Sometimes when you can see and smell the smoke but can’t see the fire, you’re on fire. gna gna …
@Mike/Liverpool
The fire probably has hidden itself under the smoke.
They often do that.
@ Mike/Liverpool
The fire is under your feet and your trapped..
Run Mike run….
http://www.youtube.com/watch?v=DGwzK0kkGxo&feature=related
@CDN
The loonie is under par, @~93¢ US. A sub-100 loonie is trading higher than the buck.
It was briefly overpar for a couple of days:
http://www.actionforex.com/action-insight/usdcad-outlook/usd%10cad-daily-outlook-20100521113744/
@ Marc Authier
The he proposed resource super profits tax (RSPT) seems to be quite misunderstood. In fact, I’m pretty sure I don’t understand it either!
However, something that does not seem to be widely understood, is that the government is also proposing to underwrite 40% of mining losses. — It’s not just a one-way tax-grab.
Now… Firstly, I’m philosophically predisposed to having a countries citizens gain some benefit from the non-renewable resources that private corporations mine.
But secondly, as per usual, the devil is in the details — i.e.: *How* it’s done is critical. So I’m not sure that I feel qualified to answer this second question. I do think though that critics seem to be cherry picking elements that are supporting their point of view.
One analysis that supports your criticism can be found here:
http://www.businessspectator.com.au/bs.nsf/Article/RSPT-rent-tax-resources-Wayne-Swan-Lindsay-Tanner-pd20100518-5KA3F?OpenDocument&src=mp
cheers
The fate of the “Free” world is debtor’s prison.
I smell smoke
I see smoke
but i can’t see any fire?
Mike
Morning Gang!
Mike
Eyes on Germany as lawmakers vote on euro rescue (AP) http://www.signonsandiego.com/news/2010/may/21/eyes-on-germany-as-lawmakers-vote-on-euro-rescue/
@Majestic
The China factor for Australia and the really stupid and catastrophic 40% tax on miners in Australia.
Found the CNBC Clip Folks: Fate of Free World Hangs on German Vote
Europe on the Brink: http://www.cnbc.com/id/15840232?video=1499622778&play=1
Interesting that that the Au$ and the Ca$ are both considered resource currencies, and yet the Ca$ was up more than the Au$ even though Australia was one of the only countries to escape most of the GFC part 1.
It’s clearly the carry trade + fear, and is probably oversold (IMHO) given present conditions.
(of course if China’s economy crashes tomorrow, then all bets are off! Although it should be said that resources still only make up 10-15% of the total Australian economy.)
In other news after a Facebook blog of my own expressing possible concern that perhaps this might be the start of GFC part-II (that I’m expecting) (as the sovereign debt crises morph into a currency crisis) now comes Morgan Stanley’s assessment of the same (albeit two days afterwards)
Traders talk of financial crisis mark II
http://www.abc.net.au/news/stories/2010/05/21/2906047.htm
[PS I like Michael Hudson
]
@Dedo
Was that Blankfein shooting Merkel???
Charge ‘em .00001 % of a trillion dollars & ten anotter trill by ta PPT
.00001 of 2 trill is hmmm errrrrr lotta moneys
lolololololol
ROFL
Hic
PS tell ‘em to crawl back under is stone
He has no clue who he’s up against
@ Chris Beck, Ph.D.
Heres a start buddy
American Drug War How the CIA generates 500 billion dollars a year
http://video.google.com/videoplay?docid=-8231634812734884936&hl=en#
http://www.youtube.com/watch?v=NgdJFeHVa-U
The Clinton Chronicles part 1 of 10
First try and solve tis before ya come lookin into tee world of Finance buddy
@ Chris Beck.
I can bet me ass if u do investigate May 6th 1000 point plunge YOU WILL LOOSE YOUR JOB.
@ Max Plz let him know tat his Justcice System has been Hijacked fer tee last 4 Decades the Guys who wacked JFK are still at large
Tell him to crawl back under his stone
PS . You’ll be wasting yer time Also Charge tis Chris Beck, Ph.D.
some consultant fees cause @ the End of it notin is gonna Happen IMO
Hic
lololololol
ROFL
@mAx,…..We won’t be seeing you for a while then ! : /
http://www.youtube.com/watch?v=bmiAQEZY798&feature=related
@ Max
A lettre from Chris Beck? Hooray !!
It’s an advantage to be boring like Canada. Boring and calm. Except for what happened the other day in Ottawa at the Royal Bank. Hypothesis. It’s moving because you have the kicker with natural resources and it’s a quasi US dollar. Anyways compared to the euro, you at least know what you are buying. The euro is a lot like the russian rubble in the ex-USSR. Canada is boring and calm. You can sleep at nights. As for the euro ? It’s just a bag of one nasty surprise one after the other.
German bank will soon be bankrupt. Yes even in Angela’s paradise !
http://boombustblog.com/reggie-middleton/2010/05/20/actionable-intelligence-note-my-3rd-eye-senses-a-european-bank-run-germany-at-risk/
And more and more strong possibility of pan-european bank runs ! Germany included. That’s why the canadian dollar is sexy. I don’t blame them.
Dear Chris Beck –
Are you going to stop these new financial terrorist weapons?
http://www.hollywoodreporter.com/hr/content_display/business/news/e3i424ad23a01d5797dadfbe3fdcf8cdfaa?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+thr%2Fbusiness+%28The+Hollywood+Reporter+-+Business%29
THR: Lionsgate vice chairman Michael Burns again sided with Cantor Fitzgerald and Media Derivatives and against the MPAA and other Hollywood groups Wednesday, telling regulators that trading in boxoffice futures should be allowed.
======================================================
Here’s the email I got from Chris Bech re: WofMFT
Hi Mr. Keiser,
My name is Chris Beck and I work on the staff of the House Committee on Homeland Security in Washington, DC. I have been reading and listening to you regarding the May 6 stock market plunge and the likelihood that this was an act of financial terrorism. I think this is a huge issue that has not been given enough attention, and may warrant oversight by our committee. I would greatly appreciate the chance to talk to you to make sure I understand the nuts and bolts, and to figure out what avenues may be available to correct what appears to be a massive fraud that could undermine U.S. National Security. Can you please contact me and let me know if you are available to talk?
Thank you,
Chris
Chris Beck, Ph.D.
Senior Advisor for Science and Technology
House Committee on Homeland Security
“Free” world. Very funny. Same catagory as “free” markets. These buggers should melt the statue of Liberty and convert it to a tank. The “financial terrorist” world woulb be more convenient. Rumors of a pan-european bank run this morning.
http://boombustblog.com/reggie-middleton/2010/05/20/actionable-intelligence-note-my-3rd-eye-senses-a-european-bank-run-germany-at-risk/
Rumors this morning of a pan-european bank run. Germany at risk ! also.
Hay stranger!!!!
Can I have a post code for me Sat Nav!!!!
How do I get to this FREE WORLD again?
Where did you say it was?
Just past the pile of S**T
Left then Right then Up and Over and straight through the roundabouts?
mmmm?
Get in there!!!!