Stacy Summary: Good morning, good afternoon, good evening, y’all.
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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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- A Lightning War for Liberty
it’s a conspiracy against Paul
Daily (London) Telegraph 22/05/2010 Page 5 of the UK paper. Can not find it on the online edition.
Prisoners used for secret BBC archive project – Martin Beckford
The BBC has been using serving prisoners to work on its programme archives in a secret project.
Under the scheme, the broadcaster publicly-funded broadcaster handed over footage to inmates who earn £30 a week for the project, rather than members of its own staff…
biz as usual
NEW YORK (MarketWatch) — The U.S. has closed a criminal investigation related to a financial implosion at American International Group Inc. two years ago without filing any charges, The Wall Street Journal reported Saturday.
@naked longs
May as well be discussing polish sausage, hang-gink in the window of the deli.
Naked Shorting
You may not know this but the reason why stocks trading below a certain price are abhorred, is that almost all of the liquidity in these stocks are buys & sells. Its like a computerized bucket shop, where your buy order is basically no better off than being thrown in a bucket until such time you either enter a sell order far below what you ask for it, or a sudden melt-up occurs in the markets on news, or no news at all.
But the liquidity in this kind of market is provided not by shares trading hands exactly, but leveraged positions deriving a price. These leveraged positions are exposed to interest rate fluctuations, and are likely based on CDOs/CDS pairings. You probably write the CDS first nakedly, and find a counterparty when it suits.
@ Stacy – re: Mr Mish-information
(enuff of Canada, given all that’s going on = way down the list)
if i sound ‘emotional’, it is because i resent a two-bit salesman, based in Illinois – who peddles stocks for a California outfit – continually misrepresenting my country, Canada.
simple
http://globaleconomicanalysis.blogspot.com/2008/06/about-mike-mish-shedlock.html
@R.Cain – from what I have read on his blog, Mish has nothing personal against Canada or any other country for that matter; he writes similarly about all bubbles (as he perceives them) and the policies that contribute to them, whether that bubble be in the US, a state in the US, a city in the US or Europe, China, Australia or Canada; there is no need to get emotional at this point, either there is a bubble and it is too late to avoid the popping or there is no bubble and all will be fine
@R. Cain
Being a Nuck myself, I’ve not read anything inherently negative at a personal level in Mish’s writings re:Canada
If anything, he was one of the first to point out that Ontario’s debt per capita is greater than CALIFORNIA’s… That’s something CBC or CTV haven’t even covered, and yet it is telling of how potentially dire the situation could become… For me, that was some eye-opening info.
Is there something specific he said that gets your dander all riled-up?
@ Stacy
enuff of this nonsense
i am a Canadian
i am 57 years old
i follow this stuff
i have a degree in Business (economics/finance/accounting) from McGill University, Montreal
and i resent ‘analysis’ based on ‘research’ similar to your 2 minute google search
I’m always the last to know…damnit.
Good show
@R.Cain – puhleez, I mean seriously; Alan Greenspan has a doctorate in economics and was Chairman of the Federal Reserve for 20 years:
May 20, 2005 NY Times
There have been thousands of great men and women with almost zero education; Ben Franklin finished his formal education at 10, that did not make him a lesser man to Thomas Jefferson; and my 11 year old niece can tell you that if the average person has to spend 68% of their income on housing, that is unsustainable; it doesn’t require a doctorate, a master’s, a bachelor’s degree, a diploma or a GED to understand that;
your attachment to the idea that Canadians can be uniquely supermen is a bizarre quality of all bubbles and is usually the result of being inside them; maybe you should travel outside your country and you might better be able to see what is all around you?
Max and I met with the chief economist of Kaupthing Bank and if you were able to watch the entire hour of the interview you would see that he said similar stuff to what you are now saying to me . . . “if you would just take Economics 101,” he said, “you would know that there is no bubble in Iceland, there is no hot money and Iceland is a sound economy” . . . he was also spluttering with rage when he told us that we didn’t know what we were talking about as we had only been in the country for 12 hours, didn’t read Icelandic and so couldn’t possibly know what he knew as someone who knew the local market, for this was his job . . . so dude, I’ve heard it all before
@ Stacy
what are your formal educational qualifications to be a self-proclaimed financial expert – which you are not
(i noticed this has been asked before, but there was no response)
@R.Cain – you’re in love with your bubble; I understand that; I’ve had many girlfriends in love with the wrong man and there is nothing you can do to talk them out of it; but they always eventually have to get over it when the inevitable happens
I’m not going to discuss my ‘formal’ education ‘qualifications,’ because I don’t want to encourage the glorification of the education industrial complex which is a giant ponzi scheme; nothing I learned at university means a single thing to what I have learned on my own; and the fact that I went to university makes me no smarter any other person I know
anyone that finished second grade is enough; I finished second grade by which time I had learned my times tables and got 100% on my maths score when I understood 1 + 1 = 2 and 2 + 2 = 4 . . .
And I have a public record; two of which I just showed you and you can find it that I was right when Dr. Greenspan wasn’t and I was right when Chief Economist wasn’t . . . sorry anonymous commenter but you have nothing but a two bit punk university degree, whoopdeedee doo who doesn’t have one? George W. Bush has a business degree from the number one university in the world and I’m pretty sure I am smarter than he is . . . because I have never met anyone who was not smarter than he is
Not to quarrel: those central bankers know how to stomp out asset bubbles. So what if they kill bank liquidity in the process!
http://www.federalreserve.gov/boarddocs/speeches/2002/20021015/default.htm
“Although neither I nor anyone else knows for sure, my suspicion is that bubbles can normally be arrested only by an increase in interest rates sharp enough to materially slow the whole economy. In short, we cannot practice “safe popping,” at least not with the blunt tool of monetary policy. The situation is further complicated if, as is usually the case, the suspected bubble affects only a specific class of assets, such as high-tech stocks. Certainly there is no way to direct the effects of monetary policy at a single class of assets while leaving other financial markets and the broader economy untouched. One might as well try to perform brain surgery with a sledgehammer.”
Oops, 2009
“Now, Fed officials admit the stance didn’t work. They’re groping for alternatives. Of the two methods to prevent bubbles — using regulations to protect the financial system from excess and changing monetary policy by raising interest rates — Mr. Bernanke falls on the side of greater regulation, an idea he has advocated in the past.
“The best approach here if at all possible is to use supervisory and regulatory methods to restrain undue risk-taking and to make sure the system is resilient in case an asset price bubble bursts in the future,” Mr. Bernanke said in answer to a question after a speech in New York last month.”
http://online.wsj.com/article/SB125970281466871707.html
(Bernanke likes the Basel 3 bubble-stomper boots: Happy Popping!)
Oh: say howdy to your niece for me, Stacy.
@R. Cain
Going back through the comments, I see what your complaint is now…
You seem to believe there are no Property Bubbles in Canada?
If that’s the case, what is a property bubble?
http://en.wikipedia.org/wiki/Property_bubble
This piece from Wikipedia seems to have some detail about it…
In some schools of heterodox economics, notably Austrian economics and Post-Keynesian economics, real estate bubbles are seen as an example of credit bubbles (pejoratively, speculative bubbles), because property owners generally use borrowed money to purchase property, in the form of mortgages.
So when interest rates begin ramping up (and if you follow this stuff, you must be aware of the talk about a 2% hike early in 2011), and defaults begin happening, is that the point you will say “Ah Yes… It’s a BUBBLE”?
Hindsight is always 20/20… FORESIGHT is the hard part…
BTW
What sort of economics did you learn at McGill?
I assume, if you were studying GENERAL Business, you would have been indoctrinated into Neo-Classical ideals?
Do you believe in Market-Equilibrium (or the EMH)?
The attack on Rand Paul was pretty disgusting. It is pretty clear that is was based on outright collectivist thinking.
What Rand Paul wants is a free society based on voluntary interaction, you want a society in which it is up to the individual wether he wishes to peacefully interact with any other specific individual, yes or no.
On what those two individuals base there decision is basicly irrelevant, you can obviously choose yourself with which persons you wish to interact. As long as you don’t violate the rights of the other person you may do as you wish. That is the essence of freedom.
The gouvernement has no right to impose there own “positive” rules on the individual. These laws enforcing certain behaviour are totalitarian. Any law that tries to do exactly that is collectivist.
Or you have principles, and you respect the fact that each and every individual has the inalienable right to do as he wishes, as long as he does not harm the other. Or you don’t, (however well intentioned), and you are lobbying for some sort of ultimate utopia in which some supernatural entity should decide what the subjects should think. It is outright “à la carte” socialism.
@snoot – I will say howdy to neice . . . she’s a fan of Cleetus . . . going to talk to her now; bye
Lean into it boys!
“However, Strong died from tuberculosis early in 1928, and the Fed passed into the control of a coterie of aggressive bubble-poppers, of whom the most determined was probably Board Governor Adolph Miller. Miller was supported in his objective by another fervent enemy of “speculation”–and Miller’s neighbor and close friend–Herbert Hoover, soon to be President. Under Miller’s influence the debate within the Federal Reserve System shifted from whether to try to stop stock-market speculation to how best to do it. The Board in Washington favored “direct pressure,” which in practice meant threatening New York City banks that made loans to brokers with being cut off from the discount window. Strong’s successor at the New York Fed, George Harrison, argued correctly that the availability of alternative sources of credit made this approach ineffectual and pushed for higher interest rates instead. Ultimately, frustrated by the ineffectiveness of direct pressure, the Board in Washington came around to Harrison’s view.
Hence, in 1928, in a situation in which the inflation rate was actually slightly negative and the economy was only barely emerging from a mild recession, the Fed began to raise interest rates.” benanke-aspiring bubble poppers speech, 2002
“LEANING AGAINST THE WIND?
In the same conference, Stark warned that adding a financial stability portfolio to central banks’ tasks bears risks and could even compromise the ECB’s independence.
But Draghi, who also heads the Financial Stability Board, said a lesson learnt from the crisis was that pure inflation targeting was not enough should be complemented by looking at asset prices.
‘Monetary policy should be proactive and lean against the wind at times of growing financial imbalances even without immediate dangers for inflation,’ he said.”
http://www.xe.com/news/2010/05/20/1160289.htm?utm_source=RSS&utm_medium=TL&utm_content=NOGEO&utm_campaign=News_RSS_Art8
Two ways to stomp them bubbles: regulation or raising interest rates. Keynesians would never pick the former but salivate to instigate the latter.
Unfortunately, the result may be a depression.
Or worse. A Keynesian wet dream awakening reality.
goodness, my glasses slipped!
Keynesians would not raise rates but would regulate up the coozoo. sorry! Right now we are in a ‘liquidity trap’ according to Keynesians.
Max,
You had me converted in a few minutes. I watched the show where you destroyed the Finance Professor from Paris Business School. No way will they let you come back home. You will have this country in riots. Greece is already in flames!!!
For all the Canadians hockey folks
http://www.youtube.com/watch?v=KtKBYiTYazE
regulatory class-a bubble stomper
http://www.captaindaves.com/shop/media/boots-R5052.jpg
Kill them bubbles!
I got some boots iff’n ya’ll folks need em. Them bubbles sound frack-shuss.
Just send round the word via the postal tele-type. Ya’ll can be sure Billy-Bob is spendin’ some time at the postal a’smilin’ like a goon-eared-chimp at that blond girl that works the front. I mean.
Glad to know I’m ‘preech-ee-ated, Mizz Stacy. Don’t wurry bout them Cann-a-deeuns. They’z got maple syrup glued intweensk they’z ears somethin’ thick-like.
Cleetus with a C
Re: Rand Paul
The guy is young. Like Stacy, he wasn’t around for much of the 60′s. Here’s his dad, discussing that bomb about the civil rights act.
http://www.youtube.com/watch?v=G00Sq3xaE1g&playnext_from=TL&videos=vZy33zkLSag
Goldman’s cost of capital: 0
Risk free rate of return: 17%
Joe Bag o’ Donuts cost of capital: 17&
Risk free rate of return: 0
Brilliant.
@ Giuseppe
a while back, Mr Mish-information – i don’t know what his problem is with Canada, perhaps to justify his losses to his retail stock-peddling clients – went on about California/Ontario
at the time (here) i pointed out that his simplistic analysis conveniently excluded the little matter of UNIVERSAL HEALTH CARE,
which, unlike California, accounts for more than 40% of the Ontario provincial budget
and as such, his supposed $1,000/year per capita California advantage ignored the average American family’s cost of $12,500/year in private health insurance
= more first-rate analysis from ‘mish’
Looking for some info here. Please watch this starting @ 6:00. It gives a couple of the terms of the Fed-ECB USD-Euro$ swap agreement. I am not clear if we get back our USD at the rate prevailing at the expiration of the swap contract. Conversely, do we get back our USD and they get the Euros held at the Fed without an adjustment for the change in exchange rates? Anyone know?
TIA.
Oops. Here’s the link. Again, start around 6:00.
Thanks.
Stomp them bubbles:
http://www.creditinfocenter.com/wordpress/2010/05/21/senate-passes-financial-overhaul-bill/
http://www.ecb.int/press/pr/date/2010/html/pr100510_1.en.html
“The amendment attracted little attention when it was passed unanimously last week, but it has sent government officials and bankers scurrying in recent days as they try to have it stripped out. Several acknowledged they didn’t recognize the significance of the amendment until it had passed.
“I don’t believe that the senators understood the full implications of this amendment,” said Edward Yingling, chief executive of the American Bankers Association trade group. “It would cause a severe capital crunch for many banks, resulting in the major decrease in lending capability.”"
http://online.wsj.com/article/SB10001424052748703691804575254433629763888.html
Dodd the Clod.
The questionable part from that link above:
“These operations will take the form of repurchase operations against ECB-eligible collateral and will be carried out as fixed rate tenders with full allotment.”
Are we getting the Euro trash paper or does that stuff get stuck inside the ECB?
Sounded different here starting @ 6:00.
http://www.youtube.com/watch?v=hMo-V8HoNdc&feature=channel
(Finally)
We interrupt your regularly scheduled reading to leave this message of hope:
http://thepeoplescube.com/images/Obama_buddha_335.gif
Remember, life without banks will of necessity be very hope-filled as we strive for social cohesion during a fundamental shake-down of our social structure.
Keep hoping.
@ Snoot
Too darn funny. Loved it.
Seven worry s of wall street, and whats next … http://www.marketwatch.com/story/seven-worries-for-wall-street-and-whats-next-2010-05-22
snoot, you drinkin?
TAM-USA Hooray! Tell the people.
Snoot this. all the pensions have been converted into toxic assets. they can crash the market anytime they like. hahahaha. right?
@R. Cain
Diplomas in business are worthless today. Want to know really how business works today ? Get in the mafia and the Hell Angels. Me too I have diplomas. And I could just wipe my ass with theme. I could just puke when I think about the bullshit teaching at University. Close ALL economics departments and business school and go get REAL education with the opium drug dealers, Diplomas today and the pseudo-knowledge behind is about as useful as pokemon cards.
Trink a Florida Gator … this Cleetus?
http://www.ehow.com/video_4539053_make-florida-gator-mixed-drink.html
Art business = MONEY LAUNDERING. The japaneese “speculators” were by the way, mostly fuckin yakuzas. Hell Angels Business 101. These british scumbags are money launderers.
I am very jealous at Canadians: at least they get some acknoledgement about their bubble while no one wants to talk about the bubble in the Netherlands!! Quite discriminating while we have the highest debt per capita (Is it?) /GDP and even the IMF wrote that there is 30% fluff in the housing market.
I think me is being discriminated because such a small country!
Hey Max. They would gun you down like JFK. Sorry. Anyways you would have to fire half of Congress and Senate, and put the other half in prison. Let the place completely desintegrate and dissolve in anarchy. It will indeed finish like Hitler’s Germany or the Roman Empire.
@Max
The thing about naked shorting stock. From what i know after you borrow the stock, you dont sell it into the market, because theres a chance that you may not be able to buy them back again and give them to the dude you borrowed if from. So instead you keep the stock and sell options. This gives the option but not the obligation to settle in stock,ofc you settle in cash for a short sell because you need to give the stock back. So my question is can certain options be thought of as “naked” in general? Anyone know?
@ Giuseppe
Vancouver is certainly unique – in the proper sense of the word – in the Canadian housing situation
but it does not represent the rest of Canada
yeah, prices in Canada have gone up recently, but the comparison to the USA housing situation is ludicrous (if only Stacy could read entire articles instead of just headlines)
this is the new reality of Canadian housing prices, as a function of the global flow of capital
witness Germans buying up huge chunks of waterfront property in Nova Scotia, because to them it is ‘cheap’
again, the city of Hongcouver is its own world, and there may or may not be a bubble there
Don’t blame Collins; blame Basel:
“The Basel Committee is now proposing that trust preferred securities and other debt-like hybrid capital instruments be phased out as Tier1 capital. Instead, only Common Equity and non- cumulative perpetual preferred (straight and convertible) would be considered Tier1 capital.”
http://www.sandleroneill.com/pdf/killian_020410.pdf
“For example, Sen. Collins’s five-page amendment would not allow banks to count “trust-preferred securities” as part of their Tier 1 capital ratios, according to a summary provided by her office. Trust-preferred securities are a type of subordinated debt held by many banks, particularly several large banks.
Although this change appears technical, it could have a notable impact on big banks, which hold billions of dollars in trust-preferred securities and count them as part of their required capital ratios.
Banks must meet certain minimum capital ratios or face tough sanctions by regulators.”
http://online.wsj.com/article/SB10001424052748703691804575254433629763888.html
“Sen. Collins said last week that Mr. Geithner had asked her to change her amendment, but that Ms. Bair had been convincing.
“That’s good enough for me,” Ms. Collins on the Senate floor in reference to Ms. Bair’s support. “It addresses the root cause of the financial crisis and that is excessive leverage and inadequate capital ratios.”"
Dat’s dood enuff fur me!!!
@MasterDickworth:
I haff a cold-in-my-head. Tit’s tard to tee.
There is bubble in Canada, sure! And banks are not better than in USA or Ireland. Bubble will burst, banks will colapse, but Canada will not have
food or energy shortage … That’s for sure.
And in case world system and world trade collapse Canada could benefit.
Food, wood, oil will stay in Canada … instead exchanging it for worthless paper ..
But dont worry too much dudes, for the freaks shall inherit the earth. I did read somewhere.
“After the fox stole the hens nest eggs,the hens all became fascists, leftists, liberals, marxists, maoists, stalanists, leninists and communists….for no reason at all”
Worth repeating.
http://www.youtube.com/watch?v=QYHxGBH6o4M
Dont think the video is Paul family approved.
@Snoot. yo. your right about the dissapearance around here. weird. even geithner split.
@MisterDickster:
Y’all ain’t frum round hair, less ya’ll know that we don’t drink out of them hoity-toity glasses. And we just drink that air rum straight up frum the bottal, like God made-it-right-fur-us. And we don’t call our’n dranks gators, less’n them gators thinkin’ we’z a’callen em home. And we don’t call them gators; we shoot them muther-f*ckers.
Here’s what we like round hair:
http://cdn3.ioffer.com/img/item/140/233/773/rB4Q.jpg
Yep. Just filler-up with Bud.
“Art business = MONEY LAUNDERING.”
Ding Ding Ding Ding
We have a winner, folks.
@rawnrawn:
Well ain’t that just sumthang. I be here. Ain’t I worth a’countin? I mean.
Don’t ya’ll be a’tellin’ me they had a party, and we ain’t been invited.
@Snoot. you have a large brain. any back problems?
@R. Cain
OK, that is a valid counterpoint, but does that change the bottom-line figure ?
In the end, Ontario’s provincial debt is still a problem…
re: Cdn Mortgages
I found a Survey conducted recently by CAAMP that states some interesting figures:
http://www.caamp.org/meloncms/media/Spring%20Survey%20Report%202010%20ENG_2.pdf
There are currently about 9.3 million home owners in Canada, of whom about 5.55 million have mortgages.
The average outstanding principal is $138,000.
Now the problem I have with this survey, is that it takes the aggregate of Canada, and does not breakdown the Provincial differences (except in minor points). I can tell you from personal observation, that people around Vancouver have FAR greater outstanding principals…
and the average value of homes they state ($297k) is barely an old CONDO in Vancouver (and surrounding areas).
So I go to the Fraser Valley (area AROUND Vancouver) Real Estate Board statistics:
http://www.fvreb.bc.ca/statistics/Package%20201004.pdf
In April, the benchmark price for Fraser Valley detached homes was $520,423 – reflecting all residential sales on the
MLS®, of which approximately 10 per cent were new homes. That benchmark price is 13.1 per cent higher than it was in
April 2009, when it was $460,229.
Now HOW can one rationalize or justify an increase like that in the economic conditions of the period?
Because of the Olympics?!?!?!
Either the demand curve is very inelastic and moving out along quantity, or this is a speculative flippers-frenzy…
I suppose it is possible to say that “asian money” has come into the market over the past year, but if the change from March’10 to April’10 is any indication (with a deflation of 0.7% in avg house prices), we are looking at a trend that seems to indicate those “owners” are leaving the market, perhaps because they see trouble ahead?
And the further out you go from Vancouver, the greater the change…
This lends credence to my Small Balloon/Large Balloon analogy
@Ronron
Frances is our Einstein. Is she a water head like Einstein ? Einstein was hydrocephal. Mostly a huge brain filled with water and and the rest of the squashed and compressed by water. You need only 10% brain to formulate the theory of relativity. Snoot has much more. She’s a neuronal art masterpiece.
@ Giuseppe
lastly, going back to university is an excellent goal
i hope you pursue it
it’s not easy, but with effort, and a little sacrifice, it can be done
a few courses in economics are necessary, but you may find that finance is more exciting and relevant today
Gee, thanks I guess, Marc. I’m sure I’d extend the courtesy of such high regard to you as well if I could tell through which orifice your font of wisdom springs.
@ Giuseppe
i’ll be back in a bit and address your points
@Snoot. ok i’ll go with lady snoot. hahaha. old fucking snoot
HEHEHE
Yep. I could’a-told-ya that Steller has rocks in hur head. Done squashed flat her brain. Ya can hear em rattlin’ if she get’z to movin’ fast enuff. She don’t move too fast else’n airybody can hear em.
Ya’ll right smart, Marc. Reckon them any Nazeeez round hair? Steller got me ta thinkin’ bout that Mises or Molasses place up in Aleebamee.
Don’t take right well with Nazeeez.
@ R. Cain,……You’re a fool,..I see through your rhetoric,….: 0
BTW,.Baggo should know better,…
@Dedo. hahaha.
“CAPITAL REQUIREMENTS: A badly crafted amendment by Republican Susan Collins of Maine will be zapped, because it hurts small banks and could dry up $1 trillion in lending. “It makes so little sense,” says Robert Albertson, chief strategist and principal partner at Sandler O’Neill, an investment bank focused on the financial-services industry.
The language says banks can’t count trust-preferred securities as Tier 1 capital, which regulators have allowed for years. Big banks, which overcapitalized themselves in 2008 to pass the Treasury Department’s stress tests, can afford to strip out trust-preferreds. Little banks can’t.
The Collins amendment was approved unanimously — not because anyone bothered to read it, but because it bore the imprimatur of Sheila Bair, chairman of the Federal Deposit Insurance Corp. Bair is considered a champion of the little guy, owing to her efforts to keep banks from foreclosing on cash-strapped homeowners. Politicians hope some of her glitter will rub off on them.
However, after the vote, lawyers read the amendment and discovered that many small-bank holding companies currently considered to be well-capitalized would be deemed undercapitalized because of changes in the regulatory treatment of trust-preferreds — a hybrid debt-equity instrument. The Collins-Bair change reduces it to Tier 2 capital for banks with more than $250 billion in assets.
Small-bank stocks already have been hammered as a result of this provision. This is the kind of negative for the sector that I pointedly warned you about exactly one month ago. You made a boodle if you listened to me and either shorted the sector or took your winnings off the table. The FBR Small-Cap Financial Fund (ticker: FBRSX) is down by about 16% since I flew the flag upside down; and SPDR KBW Regional Banking (KRE), an exchange-traded fund that tracks the sector, is also off 16%.
The Treasury and Federal Reserve are opposed to the Collins-Bair change. Thousands of small bankers are whining because they’d abruptly have to shrink their loan portfolios, potentially further crippling Main Street businesses.
Small banks will win in the end, though — because congressmen like community bankers even more than they like Bair.”
http://online.barrons.com/article/SB127448164733895209.html?mod=googlenews_barrons
No they won’t: unless Basel Committee backs down. ONE TRILLION IN LENDING!
What a wrecking crew Congress is, eh?
I want the bankers sifting thru the detritus of humanity and wallowing in utter squalor NOW!!!!!
Rat-a-gain lives up to his name:
http://www.huffingtonpost.com/2010/05/21/dylan-ratigan-four-things_n_585808.html
When we are in more than existential bondage to the BIS, one can thank Rat-a-gain for his perserverence.
He is working FOR the bankers: the sovereigns.
How anyone could support the Collins amendment at this time without regard for consequence can only indicate a reactionary bent.
Wow…I take a short nap and in the interim, R. Cain riles our Stacy. I’ll informally substantiate what our formally trained Stacy has said…I went to a renowned university and quite frankly, it’s overrated; I’m just glad I got out of there without massive debt, but it’s probably all due to timing. Beyond that, sure, I’ve pushed the fact that I went to said renowned university whenever I interviewed for a job, talked to strangers in mixed company, and impressed the impressionable. But I only do it because it means something to these dumb dumbs. Yet, given the chance, their first utterance is, “Man, there were some pretty hot chicks that went to your school, huh?” Or “You guys had a pretty good football team back in the 80s.”
Seriously though, if I recall any of the Management courses from said renowned university, I can tell you what they taught was tripe; I’m glad I never paid attention to the “buy and hold” stock mentality or the “this goes into the debit column” bull.
Shit…I know…new thread.
“The Collins amendment would get ahead of new capital rules being negotiated by regulators and central bankers of the 27 countries that make up the Basel Committee on Banking Supervision. The proposed Basel rules foresee the elimination of TRUPs for use as capital.
The Basel Committee aims to complete discussions by the end of this year. The FDIC and four other U.S. regulators are Basel members.”
http://www.businessweek.com/news/2010-05-21/finance-overhaul-bill-would-reshape-wall-street-washington.html
NOW!!! NOW!!! NOW!!!
In other news….
Geithner Claims U.S. Economy Can Withstand Europe’s Woes. http://bit.ly/aMyxro
UK flexes its pectorals, they want to pin down the progress to save the Euro.
Wall street is behind this orchestrated warfare imho. They want to create uncertainty as the Euro store of value. Goldman looks to be the Trojan horse.
http://www.businessinsider.com/uk-euro-2010-5
Here’s Collins of the Collin’s Amendment:
http://theboard.blogs.nytimes.com/2008/01/23/kathleen-turner-hold-susan-collins-accountable-for-the-supreme-court/
Dat’s dood enuff fur me!
Grab one of those airplane puke-bags because this is Susan!
http://www.youtube.com/watch?v=u8j9lwTmiSA&feature=player_embedded
Tink I see Cleetus peekin out da windar … http://neatorama.cachefly.net/images/2008-02/redneck-mansion.jpg
@frances snoot …Susan Collins is a tranny lush….I puked myself inside out when she was questioning the bankers.
“Grab one of those airplane puke-bags because this is Susan!”
Good for her … she reads at a 5th grade level. Another winner!
@Dedo
I never know better…
Hell, I even entertain debates with you
But if R. Cain is willing to take a sober approach to this subject, then I can at least attempt to take the other side with access to some usable facts and figures (as opposed to just cursory opinions of news articles), so it doesn’t become an ad hominem ping-pong match…
I could be wrong, he could be right… but truth is only borne out of debate…
That said, upon closer examination of the data, it appears there are 3 levels of activity to this property question…
Vancouver proper seems to be the #1 bubble, but in the outlying regions, there seem to be mini-bubbles, with certain parts inflating while the rest of the areas around them deflate M/M…
I’ll be curious to see the data next month as the capital-flows continue to shuffle around…
Me and mah homies here at the university had a good laugh over this silly hooey about the wonderfulness of store-bought larnin’. Ha ha ha! Good one. I assume that fellow was just a-bein’ ironical. We’re bullshitting shysters, buddy.. but believe me, among ourselves we are very “transparent” about what a scam it all is. We love dummies who think there’s anything to this scam but social control and a way for us lazy old men and women to lord it over young dummies.. who we aply called “the droids”. We are droid mechanics. Ha ha ha. We cynically teach the droids to worship banksterism and keep their fucking mouths shut. And love it.
Glad to see some of our ilk was successful at indoctrinatin’ at least one good droid over there in Quebec, Canada. Hoo raw! Hoo raw! Don’t forget to get your diodes polished once in a while.. and have your oil changed.
So much of finance is fictional.
I love Stacy and Max. Whoever disses Stacy is a fucking idiot and I put a curse on you. I mean it. I studied curses down thar in South ‘Merica while I was a-gettin’ one of my degrees. I puts a curse on you, and by Jeebus you are so fucked, Jack. Really. I got a .96 effectivity on that cursin’ stuff. I gots a hottie girlfriend over there in Archeology department and she makes me look like a rank dick at cursin’. I’ll get her to cook up a few “specials” on ya. Ha ha ha ha. Hang it up, Jim. Between me and her you be so cursed not even the Pope could save ya.
Oh yah.. and we’re psychopaths so we have no guilt either. Ha ha. Enjoy your coming life of anguish and suffering, dude. Compliments of the SM gang. (Stacy-Max fanclub.)
S & M?
On a lighter note.. who shall we get to play Stacy when we make the big screen (3D?) movie? I suggest Gillian Anderson! Yay! Yay! Yay Gilly!
Hmm. Who should play Max? Johnny Depp? Or Gilbert Gottfried? (That was from Dr. Professor Dickhead, the Economist. He a rude man.)
Heh, Happy:
That air be Otis’s place back up the turnpike. Got seven Otis’s jammed up shinny-side that mountain with thair Otis’s childern. Yep. They be sprangin’ outta them trailahs right constant-like. I set em all down to take that photo.
Do ya like the Dutch windmall? Yep, Ma done got that on E-Bay. She said she reckoned that had airy other thang on the place. Got a pond ass-well, but I couldn’t fit it in that photo.
Otis says, heh.
@ Giuseppe
• again, Vancouver is unique within Canada, but as long as Asians keep pouring in, there will be pressure on real estate costs
as you know, this has been going on for years
i am NOT saying there is no potential housing bubble IN Vancouver
(and the prices ARE nuts)
BC the province does have a history of boom and bust, due to swings in natural resource prices
but, BC, Canada, and Australia, have benefited greatly from China’s growing demand for natural resources
• as for the other 95% of Canada, housing prices have gone up in the last year – big deal – but requirements to get a mortgage in Canada are quite high and the buyers are bona fide, unlike US NINJ subprime racket
• re: interest rates up – most buyers in Canada have 5, 15, or 30 year amortizations and will not be affected (again, unlike USA subprime)
• Ontario, and Canada’s, finances are, in the total scheme of things, very good
• re: types of economics: all kinds of types; i took too many economics courses. i would not go too far with that, unless you planned to do a Master and PhD in Economics
• no, i wasn’t indoctrinated with anything
• as for right now, i would follow people like Simon Johnson and his colleague
http://baselinescenario.com/
• market equilibrium
there is stable equilibrium – picture a marble at the bottom of a bowl
and there is unstable equilibrium – picture the same marble perched at the top of an inverted bowl
in the first case, disruptions to equilibrium are quickly restored
in the second case, all hell can break loose
i personally think the € fiasco is an example of the latter
• finally, one of many legitimate articles on the canadian housing situation, from the globe:
(read a few of the 87 comments if you have time)
http://www.theglobeandmail.com/report-on-business/economy/house-prices-to-rise-modestly/article1574201/
regards
@Casper Studly
A healthy Steve Buscemi should play Max.
I find, instead of getting defensive about ones country of birth/citizenship I find laughing at it works better.
That way there is less nationalism, war and racism. We all live in the world, don’t get sucked into nationalistic garbage.
Maybe, living in Australia, I have an advantage, there is always plenty to laugh about. Some countries aren’t so lucky.
Oh yeah, my question is “Why do we have to wait until austerity measures are put into place in OUR COUNTRY until we have to fight the police and get all bloody?”
Its too late by then.
Can we learn from Iceland and Greece?
No is the answer.
We are just dumb, reactive not proactive.
People, you employ your Governments. We are the boss, we pay them.
Govts are not benevolent. They are just giving you back your money(less what they waste) and we get all excited that we got a tax return.
Politicians are mostly losers who are just failed business people. No skills and enormous responsibility. Make them work for you and your community.
Steve Buscemi? Oy! Problem with me I ain’t really up on actors and such. I had some contact with the X-Files crowd when they were filming around here. Gilly is just the sa-weetest person! I just love her to bits! And hip? She da coolest, cat, the coolest. But for Max? Hmmm? Steve Buscemi.. wasn’t that that ugly little bucktooth guy in the Coen boys hymn to hipsters, the Great Labowski? The one that croaks out and they dump his ashes out of a coffee can or something?
Naw.. me I favour Johnny Depp. Reason is he is very hip cat. Some people I know over there in Europe know the guy and say he’s very up on things. And when he gets a role he gets right INTO it. He would learn Max down to a T and seek to project the real Max onto the screen.
Now all this assumes Max’s media producing market is going to take off big time. Reason is Canter-Fitz is obviously going to destroy the hollywood establishment.. which means the real market shall open up hugely. Intelligent folk will flee the BS markets and head for the high ground.. which M&S have already staked out. Creative people who are displayed by the collapse of the established concerns will be available at 10 cents on the buck.. will the buck itself will be toast.. and the crooks will have made movies a dead issue.. except for the art market which is always immune to these things because creative people by and large are too busy doing things to be much attention to other stuff. Well, at least the ones I know are. Maybe I’m in a little pocket of coolness or something and all the other artists are out dabbling in securities and juggling CDS and such. But I doubt it.
Steve Buscemi you say? Hmmm.
Max missed the whole point of ” Beck ” from Homeland Security contacting him. It was simply the horse’s head in the bed ( from the Godfather )……..in other words …..a warning to Max !!!!!!!
@ Marc Authier: good advice for “R. Cain” -change career path
Them Yakuzas didn’t even waste time with equivocating PhD-created lingo (i.e. bullshit) and complicated schemes to hide their “business” from the public or private. No hedging just straight-shot extortion and blackmail (allegedly that is) in their “market” dealings:
“ (US investigators circa turn of this century) found Yakuza active in literally every sector of the Japanese economy; … everything from chemicals to hospitals. ..says a former FBI agent…”Nobody expects them to be in that kind of business. …
(The former fbi) agent says, nearly half the companies that hold the key to resolving Japan’s bad-debt crisis-that is, nearly half of Japan’s most heavily indebted enterprises-probably are working with, have strong ties to or are controlled outright by gangsters. … substantially complicating the resolution of Japan’s banking malaise.
It was that first chunk, which couldn’t be addressed, that stuffed up the banking system,” and caused a credit crunch, another former agent says. “This had a follow-on effect on other borrowers who were not mob-connected but couldn’t get bank financing and ended up going bust.”
It all seems so American.
It would be interesting to know which US investment-firms had the FBI researching crime ties in Japanese business and did those firms use the analysis to set up similar “real business” dealings
http://www.tomcoyner.com/yakuza_recession.htm
@R. Cain
Please provide your website’s URL, with your trained-eye research and keen analysis so that those of us who are open to free-flow market of ideas can visit and have a ponder?
You do allow the unwashed, unlettered Profane into your corner of Esoterica – don’t you?
There are likely thousands of highly “lettered” types at all levels of private and public finance and business – but look where the global economy is now?
All them “geniuses”, “geniuses, I say” from Ivy league, LSE and global economics is now just like an un-flushed toilet.
It’s not saying much, these days, for one to have a particular artificial pedigree these days in business – or at least not on a global forum. Unless one is offering some bonafide solutions or such like.
The Exoteric Yokels are on the verge of chasing such folk down with buckets of tar and bags of feathers – don’t ya know.
Pat Paulsen Editorials (Smothers Brothers Comedy Hr,1967/68)
http://www.youtube.com/watch?v=x4kWLUnorTU
@ Marc Authier
you mentioned the Asian “Triades” a while back – you heard of thesseTriads?
“Mitsubishi”
(Japanese for Mitsu = three, bishi = stars (or diamonds) in the shape of a Triangle) – the “main Japanese Triad” -supposedly
or this one
“Samsung”
(Korean for Sam = three, sung = stars (or diamonds) formerly in shape of Triangle (which is very find to find these days since it was change for something less obvious years ago) – the “main Korean Triad” – supposedly)
Allegedly symbolizing the same 3 families that ruled (and allegedly still do) everything in the two countries
Not to say that these massive “business interests” are involved in any way in “crime” (i.e. real business), but if they control everything – then it’s logical that there’s crime going on within ‘em.
This was open and common knowledge years ago in them parts o’ the world. Probably still is.
I’ve learned not to mess with the motherf*ckin’ Stacy, ‘cos back in the karmabanqueradio days I normally reflected on discussions and realised i was motherf*ckin wrong!
If you’ve a problem with Max & Stacy’s analysis, go to another website where you can get that semi down the leg of your jeans you so much desire.
Bernays Bernays Bernays.
“Sure, I look like a white man. But my heart is as black as anyone’s here.” George C. Wallace
The reason behind Australia’s 40% super tax on miners.
BHP and Rio Tinto pay 13% tax at the moment. Most of the profits go straight out of the country.
http://www.smh.com.au/national/mining-companies-pay-only-13-tax-gillard-20100523-w3gg.html
I’m a white person who wears the black shoes. Sigh…
I pay $7 per stock trade, but Goldman pays these prices:
http://www.nyse.com/pdfs/2010pricelist.pdf
New Artificial Life Form! First Synthetic Cell!
http://www.youtube.com/watch?v=RGfs328X8Kw
@ Danny
have you ever heard of open discourse and exchange of opinion, or is that foreign to you in Ireland?
although i am SURE you do not represent Ireland
Anyone else here bewildered about Rand Paul’s comments that were pro BP? Maybe I misunderstood, but under the current situation, wouldn’t it be better to rail against BP or at the very least leave them be?
@Paul…..Lobotomy Now!!!!……Rand needs to be silenced!!!!!
@ FiatMentalist
“The thing about naked shorting stock. From what i know after you borrow the stock, you dont sell it into the market, because theres a chance that you may not be able to buy them back again and give them to the dude you borrowed if from. So instead you keep the stock and sell options. This gives the option but not the obligation to settle in stock,ofc you settle in cash for a short sell because you need to give the stock back. So my question is can certain options be thought of as “naked” in general? Anyone know?”
I think the answer is YES. CDS: It’s part of naked short-selling because it’s just insurance contracts between two parties without invertment. Not sure about other financial instruments such as Interest rate swaps ,exchange rate swaps ans so do. but i suspect they are a part of naked short-selling as well.
@Stacy
It’s not scapegoating of Mexicans that’s happening. You have to remember that Democracy Now is funded by the Ford Foundation i.e. elites who want a race war. This is why Democracy Now constantly pushes the race card.
Divide and conquer.
@ Top
Food, what food? Most of what I eat other than bread, meat, and canola oil comes from some valley in California. It gets cold east of Vancouver, growing seasons are short.
Billions have been spent here on the Olympics, that money may be ending up in real estate. VANOC were supposed to have a final accounting before summer, that has been pushed till fall.
To see where the money went go here;
http://www.bcauction.ca/open.dll/welcome
They didn’t rent much, they bought, and bought, and bought, by the look of things.
re: housing
We all know about the Chinese malls and cities that have been built without any tenants in place. Perhaps some of that money has filtered into Vancouver, and the same thing is happening on a smaller scale.
In 2001 17% of the population was Chinese, I guess it’s between 20 and 30% now. 80% are new (rich) immigrants from Asia, they are used to paying high housing prices, and they may own more than one property here. They like to invest in potential income properties and usually have to start a business to get in. As long as immigration continues the balloon will inflate, when it stops then the balloon here will deflate.
Chinese newlyweds don’t live in used property it is bad luck, they will buy an old house (or their parents in China buy it for them) and tear it down and build a new one. That’s also a reason why the building of new condos continues.
Feng Shui is built into most properties, IE: the front door and back door can’t line up as the good luck will go straight through the house and not stay.
It reminds me of when the Europeans colonized the then New World, but this time the shoe is on someone else’s foot.
As far as education goes, we are all learning things about the economy that no one taught in school. Much like the Gulf problem, this is all new ground. Many things are not taught at McGill University.
@Udee
I know. All the facts you have given are correct. Now imagine Yakuza having access to infinite amount of zero interest loan from the Bank of Japan ?
Yeap even in the carry trade. Japan is toast. Everybody was distracted by the PIIGS these last weeks.
What about Japan Max and Stacy ?
Japan is just one mega big financial volcano about to explode. .
@ MAX&Stacy
This has been my favorite Truth About Markets to date as you both seemed to patiently focus on explaining well the naked short/long selling debaucle. It beats out Patrick Byrne’s more long-winded explanation [2 1/2 hour interview] that I posted in earlier comments this week. It shall be a useful TAM show for me to pass on to friends and colleagues. Kudos, thanks! I was, and my friends shall be, entertained by your satirical yet heart-felt quasi-demagoguery as you went into the notion of “ruling America” should you ever find yourself subpoenaed into the District of Columbia.
But before I send this show to friends, I’ll be chopping off the last five minutes. Your(Max’s) own demagoguery slipped off the deep end as he referred to Rand Paul as a demagogue and “dog feces that I wouldn’t scrape off my shoe”. At least when the likes of Savage and Levin engage such nastiness, they at least are typically ranting from sound philosophical differences with the targets of their rants. Your trashing of Dr.Paul lacked humor AND substance. My hope is that you’ve fallen victim to the yellow mainstream-media journalism and are simply feeding back into it. Rand Paul is apparently up against a Scott Brown/Romney-on-steroids type of young and extremely aggressive fear-mongering PeopleMagazine career politician, a TRUE demagogue. Rand Paul certainly had/has had no intent to bring up such issues ever. The likes of his opponent, and the Corporate media, have been hyping a racism scare tactic through this election cycle just as they did islamo-fascism back in 2002. Rand’s opponent, Jack Conway, woke up the day after the primaries, went onto MSNBC’s Hardball and began his interview with the boldfaced incindiary lie that Rand had stated that he wishes to repeal the Civil Rights Act of 1964. Rand went on the Maddow show and was not aware of this detail when Rachel simultaneously [out of the blue] asked him about his libertarian perspectives on the legislation. Later in the day Rand became aware of the setup, Conways smear campaign lie, and issued a statement claiming that he has never proposed or wished to repeal the Civil Rights Act of 1964 and that he will never support any efforts by anyone to repeal it.
http://www.youtube.com/watch?v=hMdPTpOyUk4
But I do have a sense of humor and I find this funny…
http://www.huffingtonpost.com/andy-borowitz/poll-rand-paul-surges-ahe_b_585888.html
Like his father, Rand expresses a true and deep regard for Martin Luther King, Jr. and is certainly believeable when expressing the regret he was not old enough to have marched with him. Expose yourself to Jack Conway for a minute or so and ask yourself if you think he may have joined with MLK, I personally doubt it.
Rand’s entire interest in politics is aligned with something you pointed out in this TAM show around the twenty minute mark. You cleverly inserted allegory of Jim Crowe laws. This is at the heart of Rand Paul’s concept of civil rights in general, also at the heart of MLK’s if you read him deeply enough. You(Max) rhetorically ask what the difference is between the two dollars made by the naked seller of Farmville and the two billion dollars made by the naked sellers of GoldmanSachs. You answer, “They’re[Goldman] hooked into the federal government!”
“Hooked into” = tied together = one entity
Federal regulation is part of the glue that holds it all together. Sure, we always can and need to come up with new and better regulation of industry and finance [kudos to Merkel!], but in the big picture federal regulation [we lose sight of this] has in the long run always benefitted monopoly creation/propagation more than it has benefitted consumers. You(Max) asked Rogers about raising the margin rate. The reason that was a worthy idea is that would better match what the rate would natually be had it not been tied to a central authority in the first place. A higher priority for Ron Paul than abolishing the Fed, is the repeal of legal tender laws, opening competition to the central authority. I personally adore Ellen Brown’s approach. I imagine California could be back in black within a year of adopting her suggestions. Plenty of wealth there. Now push it further with a bit of Austrian philosophy. Imagine California directly tieing their notes to their own capital… say, agricultural commodities… what the heck, howabout their biggest cash crop…
http://spiderjohn.com/image/anim_gif/cheech.gif
Imagine Californians smoking their way out of debt. Imagine at some point they issue their own California Reserve Notes. I wonder if Cheech Marin would approve their using his mug on some denomination of the currency.
One last seed of thought to you… Dr.MLK, KarmaBanque, Dr.Paul, Gandhi, Nader, you, me… What’s a notion we all share? -That the power of voting from our pocketbook is far greater than the power of voting at the political poll. This includes the concept of BOYCOTT. Ponder if you will, in general, the effect that “positive” regulation, laws, and legislation has had on taking our minds off the notion of boycott, of taking our minds off even the sublter notions of being conscious of how, why, and where we spend our money, of lulling us toward channeling it and ourselves back into the corporofascist dream-state…
http://spiderjohn.com/music/bluemind.wma
Oh btw, I know you’d like to get Patrick Byrne on your show. Here’s that long interview he did recently. If you have the time or interest for a listen, it’ll no doubt make for a richer interview on the edge…
http://gnosticmedia.podomatic.com/enclosure/2010-05-16T21_37_14-07_00.mp3
Holy cow! Too long a comment for my puny mind! I feel so exposed…
*blushes*
Re:
Japan.
Black Rain (1989)
http://en.wikipedia.org/wiki/Black_Rain_(American_film)
@R. Cain
Thanx for your input…
I read the comments on that G&M article, and did not glean much of interest from it, other than one comment which pointed out that one should research the data from their local Real Estate Boards to see what is really going on (and a link to a paper on the Cdn Housing Bubble http://www.scribd.com/doc/28454918/Canadian-Housing-Bubble )…
So, I will continue to monitor the FVREB stats, and see if my balloon theory pans out…
One thing I’ve noticed is that APARTMENTS seem to be the choice for speculation in the Fraser Valley…
on the HPI, the prices are approaching 275 (100 = yr. 2000 Price levels)
Which makes sense, since most people can only afford those (even there the median price is 4-5x avg annual income)…
But all things considered, “Asian Money” is not going to save Vancouver’s market (or the Fraser Valley)…
Eventually the costs (Mortgage+taxes+maintenance) will outweigh any potential returns (from sale or rental), especially if this preamble to price deflation continues…
Eastern Canada is not anywhere near the situation in BC or Alberta…
And in fact, Montreal is one of the cheapest (and sensibly priced) places to be at the moment (although Windsor and Thunder Bay are THE best bang for the buck)
So perhaps in a BUST, the shock will be limited to our respective provinces…
I still don’t expect any major moves until late fall, and the main action to happen in 2011 when the interest rates are really hiked…
@Ray in Van.
Excellent insight into the Chinese view on property…
That actually makes sense with the activity I see around my area…
Los Angeles News: Crowd Angers As Council Balks On Rent Control.
http://abclocal.go.com/kabc/story?section=news/local/los_angeles&id=7454273&cmp=twi-kabc-article-7454273
http://www.abc.net.au/reslib/201005/r570104_3512541.asx
The European debt crisis explained… funny but sad
@John Robb
Well done. I didn’t hear the part of Max calling Rand dogshit…as I was half asleep when I was listening to the show…but I would find that a bit offensive. But we know our boy Max flies off the handle sometimes…reign him in Stacy!
European Gold demand now surpassing the Fall 2008 crisis period.
http://www.dailymail.co.uk/money/article-1280506/Join-gold-rush-shovel-needed.html?ito=feeds-newsxml
Get your paper gold now!
best show yet
@Max and Stacy
I’ve got a brilliant idea. Why don’t you conduct an interview with Rand Paul and have him clarify his comments which have seemingly put his political career on the brink?
Crazy old Max.
Smart enough not to listen to a word NBC says when they talk about the markets, but when they launch an obvious smear campaign against Rand Paul his eyes suddenly glaze over like some kind of freakin’ Manchurian candidate as he gulps at the trough trying to scoop up every last morsel of propaganda. Mmmmm, good!
Forgot to include this with Black Rain.
http://www.youtube.com/watch?v=jC46eTGpf1M&feature=related
It is short.
Okay, having listened to that “Rand” portion again, I understand where you are coming from Max. I think you are incensed that he even dignified that topic and you’re further enraged that he could have such convictions for the free market. Still, I think you should interview him. It would be a must see/must hear affair.
*RepubliCat wins in Obama’s homeland -and damn – even in ultra-liberal Hawaii
(Prepare for some fine comedy to follow as the state propaganda organs (news media) can’t smear this guy or his constituents as “white Obama-hating yokel racists”. This will be fun to watch!)
“Charles Djou emerged victorious in special election to fill Hawaii’s vacancy in Congress”
http://www.starbulletin.com/news/bulletin/94673904.html
contraction of Republican-Democrat ’cause there ain’t no two-party system in USA
http://www.campaignforliberty.com/article.php?view=875
What yo yo word ???
Clinton headed to Beijing for economic talks
http://www.google.com/hostednews/ap/article/ALeqM5hGIXTMV1yK2R4TjMuMfMXIXJShdgD9FSAKI04
“Tees Treasuray Bills are Different notice its borders tey painted in Gold”
lololololol
ROFL
Hic
Looks like Tiwan is gonna get more arms
http://www.moneycontrol.com/news/world-news/us-cant-act-aloneworld-obama_459593.html
US can’t act alone in world: Obama
President Barack Obama insisted on Saturday the United States cannot act alone in the world as he outlined a new national security strategy aimed at cementing his break with the Bush era’s more unilateralist approach.
Setting out his vision for keeping America safe as it fights wars in Afghanistan and Iraq, Obama put international cooperation at the center of his foreign policy, in contrast to what critics derided as the “cowboy diplomacy” of his predecessor, George W. Bush.
“The burdens of this century cannot fall on our soldiers alone, it also cannot fall on American shoulders alone,” Obama told graduating cadets at the US Military Academy at West Point. “Our adversaries would like to see America sap its strength by overextending our power.”
“Our adversaries” What adversaries ??? which adversaries ?????
Freakin Lunatic Barry Sotamota whatever lunatic
Tey want to now use otter Country’s MIC fer Haliburtons Special Interests
I wanna see if tee French join in
Hic
Lol
Its like tey doin ta sametin over & over & over again expecting different results
Dumb shmucks
Wassa bet Clinton will head to Russia next and press tat button again
Hic
Spock: Captain. Scanners are detecting intelligent life forms in Keiserville.
It would appear, that the only remaining source of critical thought has concentrated itself in this unique cyber community. Federation regulations require us to investigate.
Captain Kirk: Do It Spock! We have to get to the bottom of this spontaneous self-actualization before it gets out of hand You just can’t be to safe when it comes to spontaneously free-thinking collectives. Sulu! Set phasers to full stun. Scotty! Prepare the transporter to beam me and the doctor into this, Keiserville… We must… find… the source… of this insidious threat. If these creatures, have somehow, rediscovered…, the true meaning of freedom… It could spread throughout the entire federation overnight. We, may, just, be, the only thing between our way of life and the ever present danger of personal sovereignty. This one, small, symbolic act of autonomy, might set off a chain reaction,… that very well could bring our whole belief system crashing to the ground in a shuddering…, helpless…, mass of shattered perceptions!!
Checkoff: Hackptin?
Captain Kirk: That’s right! It begins subtly… benign… even warm and inviting, like a sweet…, ripe…, peach…, dangling in front of a desperate…, weak…, lonely, hungry,… man. …,…, But upon that first, delicious, intoxicating bite, …, you discover the whole fruit is invested with maggots! Sulu! Phasers to full power,
Scotty! Maxiumm wharp now!
Dr. McCoy: Damn it Jim! …, I’m a doctor. Not a eugenicist!
Hillary Clinton, Geithner arrive in Beijing for talks with China
http://timesofindia.indiatimes.com/world/china/Hillary-Clinton-Geithner-arrive-in-Beijing-for-talks-with-China/articleshow/5964959.cms
Timmy boy also lololololololololol ROFL
Tees T-Bills are different
ROFL
Hic
Tas means tey wanna print more and tey Broke again
Man tees lunatics can spend $$$$$$$$$$$$$$$$$$$$$$$$$$$
Faster tan ya can blink yer Eye
ROFL
Hic
Korean tensions have leapt to the top of the agenda after a multinational panel said on Thursday that evidence indicated a North Korean submarine torpedoed the South Korean navy corvette Cheonan in March, killing 46 sailors.
I serously feel USA sank that South Korean Ship in a False flag ops
fer tis meeting which is obvious what they out at Beijing Party so as too not let the DOW Jones fall
Hic
Dear Bonn,
Hello old mate, there’s a new thread posted above, care to join me there old chap?
Respectfully yours,
underfunded
Story on Rand Paul from alex C.
Seems on the money.
http://www.counterpunch.com/cockburn05212010.html
He’s maybe a bit unsophisticated?
…so Max shafts Rand Paul as a racist in the middle of a market report and credibility departs..(roll eyes)
Offf Topic
How many Americans know this …Al Capone, many elders would know…O’Hare airport- bet – even the elders would not know the reason for its name……..
crime is remembered – not heroism.
STORY NUMBER ONE
Many years ago, Al Capone virtually owned Chicago. Capone wasn’t famous for anything heroic. He was notorious for enmeshing the windy city in everything from bootlegged booze and prostitution to murder.
Capone had a lawyer nicknamed ‘Easy Eddie.’ He was Capone’s lawyer for a good reason. Eddie was very good! In fact, Eddie’s skill at legal manoeuvring kept Big Al out of jail for a long time.
To show his appreciation, Capone paid him very well. Not only was the money big, but Eddie got special dividends, as well. For instance, he and his family occupied a fenced-in mansion with live-in help and all of the conveniences of the day. The estate was so large that it filled an entire Chicago City block.
Eddie lived the high life of the Chicago mob and gave little consideration to the atrocities that went on around him.
Eddie did have one soft spot, however. He had a son that he loved dearly. Eddie saw to it that his young son had clothes, cars, and a good education. Nothing was withheld. Price was no object.
And, despite his involvement with organized crime, Eddie even tried to teach him right from wrong. Eddie wanted his son to be a better man than he was.
Yet, with all his wealth and influence, there were two things he couldn’t give his son; he couldn’t pass on a good name or a good example.
One day, Easy Eddie reached a difficult decision. Easy Eddie wanted to rectify wrongs he had done.
He decided he would go to the authorities and tell the truth about Al ‘Sacrifice’s Capone, clean up his tarnished name, and offer his son some semblance of integrity. To do this, he would have to testify against The Mob, and he knew that the cost would be great. So, he testified.
Within the year, Easy Eddie’s life ended in a blaze of gunfire on a lonely Chicago Street. But in his eyes, he had given his son the greatest gift he had to offer, at the greatest price he could ever pay. Police removed from his pockets a rosary, a crucifix, a religious medallion, and a poem clipped from a magazine.
STORY NUMBER TWO
World War II produced many heroes. One such man was Lieutenant Commander Butch O’Hare.
He was a fighter pilot assigned to the aircraft carrier Lexington in the South Pacific.
One day his entire squadron was sent on a mission. After he was airborne, he looked at his fuel gauge and realized that someone had forgotten to top off his fuel tank.
He would not have enough fuel to complete his mission and get back to his ship.
His flight leader told him to return to the carrier. Reluctantly, he dropped out of formation and headed back to the fleet..
As he was returning to the mother ship, he saw something that turned his blood cold; a squadron of Japanese aircraft was speeding its way toward the American fleet.
The American fighters were gone on a sortie, and the fleet was all but defenceless. He couldn’t reach his squadron and bring them back in time to save the fleet. Nor could he warn the fleet of the approaching danger. There was only one thing to do. He must somehow divert them from the fleet.
Laying aside all thoughts of personal safety, he dove into the formation of Japanese planes. Wing-mounted 50 calibers blazed as he charged in, attacking one surprised enemy plane and then another. Butch wove in and out of the now broken formation and fired at as many planes as possible until all his ammunition was finally spent.
Undaunted, he continued the assault. He dove at the planes, trying to clip a wing or tail in hopes of damaging as many enemy planes as possible, rendering them unfit to fly.
Finally, the exasperated Japanese squadron took off in another direction.
Deeply relieved, Butch O’Hare and his tattered fighter limped back to the carrier.
Upon arrival, he reported in and related the event surrounding his return. The film from the gun-camera mounted on his plane told the tale. It showed the extent of Botch’s daring attempt to protect his fleet. He had, in fact, destroyed five enemy aircraft.
This took place on February 20, 1942 , and for that action Butch became the Navy’s first Ace of W.W.II, and the first Naval Aviator to win the Congressional Medal of Honour.
A year later Butch was killed in aerial combat at the age of 29. His home town would not allow the memory of this WW II hero to fade, and today, O’Hare Airport in Chicago is named in tribute to the courage of this great man.
So, the next time you find yourself at O’Hare International, give some thought to visiting Botch’s memorial displaying his statue and his Medal of Honour. It’s located between Terminals 1 and 2.
SO WHAT DO THESE TWO STORIES HAVE TO DO WITH EACH OTHER?
Butch O’Hare was ‘Easy Eddie’s’ son.
WAS the most humane way, chopping someones head off with a guillotine, that’s until medical science discovered the brain survived the decapitation for a few moments and the poor aristocrats head would be laying in a basket staring up at it’s severed STUMP. They chose the veterinarian option after that.
That keyword thing is true, I know it sounds like crazy conspiracy but there
is some truth in it.
And you don’t have to kill people to be psychopath. The majority of successful business people, politicians, bankers etc ALL have psychopathic
tendencies, except in the “winners” circles they call it “ambition”
Jim Rickards Discusses Financial Warfare http://www.zerohedge.com/article/jim-rickards-discusses-financial-warfare
Willem Middelkoop: Dutch pension funds buy physical gold (google trans from Dutch) http://tinyurl.com/32hnjnh
Just heard TAMA in a few weeks, cant wait!
TAMA NAMA SCAMA OBAMA BOP BOP BOP BOP ARAMA
Dutch ING for Euro 41 milliard (= Euro 41 billion= $51 billion) in Spain – Mainly Housing and Mortgages http://tinyurl.com/35rqewt
Everyone on this board (@Stacy and Max) please take the time to watch or listen carefully to this interview given in the ’82 time frame and compare it to the history you were taught in school, the MSM propaganda we’ve been fed from infancy, and what we can see now with our own eyes.
You will have to watch the first 20+ mins to get the full spectrum understanding of what has been done to us ALL!
http://www.youtube.com/watch?v=YUYCBfmIcHM
Clarke and Dawes ask the million dollar questions
John Clarke and Bryan Dawe calculate the cost of the European debt crisis.http://www.abc.net.au/news/video/2010/05/20/2905304.htm
http://www.abc.net.au/news/video/2010/05/20/2905304.htm
Hedge funds bet big on the falling euro
Hedge funds that made millions from the implosion of America’s subprime market are betting on a similarly dramatic collapse of the euro. http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/7753874/Hedge-funds-bet-big-on-the-falling-euro.html
rand paul for senate.
freedom will set us free max, you think his ideas are crazy? he is all for removing the moral hazards and sound money, and returning USA to a stable country.
he is also for personal freedom, leting people decide what they want, if gays want to marry, hes all for it, if blacks want to call white people crackers, they can.
his ideas expressed aint racist, its just removing the gov out of business, it will also help people with disablitys get jobs easily, because business wont be heserdant to hire them if there is a liablity of more $ to fund services that are not really needed, like an expensive lift.
@reddog – that ‘expensive lift’ argument is a red herring; there is no requirement in the Disabilities Act that a company must buy an elevator
States that have borrowed from the Feds in order to pay unemployment benefits http://www.economicpolicyjournal.com/2010/05/32-states-have-borrowed-from-treasury.html
AIG Executives Won’t Face Criminal Charges http://online.wsj.com/article/SB10001424052748704852004575259240428335282.html?mod=WSJ_business_whatsNews
A Billionaire Goes All-In on Gold http://online.wsj.com/article/SB10001424052748704167704575258783702875778.html?mod=WSJ_hpp_LEFTWhatsNewsCollection
Complete Article: http://forum.prisonplanet.com/index.php?topic=172176.0
@Nobody
Thanks for your answer.My post was about naked shorting stocks. CDS is different, I believe its technically “impossible” to be naked a CDS. CDS are insurances of revenue streams. It is the insurer who makes the money untill and if the underlier fails, then they need to pay up the insured amount. The insurer must have done the proper actuary and fudicical responsibilities to sell CDS,s but they dont need connection to the underlier. Please someone correct me if im wrong. So in a sense Merkel was trying to scare away the insurance scammers but seeing the whole system is semi permamently on the verge of failing the whole concept of insurance is mute.
At West Point, Obama Presses for New World Order to Defeat Al Qaeda http://www.foxnews.com/politics/2010/05/22/obama-focus-wars-abroad-speech-west-point-graduates/
Basically my question is wether options are fraudulent, because you need no physical connection to the underlier whilst buying or selling options affects the price of the underlier.
Its not just short selling thats amoral but the whole derivative market. I know the argument that this options market provides liquidity that allows for those directly concerned with the underlier to get insurance, via the futures market. But the price for accepting this market\casino\conceit is apparently our entire civilisation.
Rectification: Dutch ING for Euro 41 milliard (= Euro 41 billion= $51 billion) in Spain
I Said: Mainly Housing and Mortgages – Not so
Must be : Mainly in residential mortgage-backed securities (RMBS) and similar financial instruments and Mortgages (Hypotheken In Dutch)
They only invested a relative small amound in actual Real Estate (Vastgoed in Dutch)
Watch the Chard on the page: http://tinyurl.com/35rqewt
Brain Cancer Tumors will reach Epidemical Proportions due to the Mobile Phone Rays http://www.telegraph.co.uk/health/7751142/Mobile-phones-Is-there-an-epidemic-on-hold.html
I don’t got one for years now
@randpaulflunkies:
Rand needs to study up on ‘gotcha journalism’ with Palin.
Guillotine cake, self slicing no doubt.
As for the media’s (mis)take on Merkel’s banning of naked short selling, I’m not aware of any mainstream media outlet that covered this story correctly, big bleedin’ surprise.
Yoko as head of the Japanese central bank, why not she couldn’t be any worse that whoever’s running it now. Max for president, yeah why not, although one should be aware of the maxim power corrupts, absolute power corrupts absolutely.
As for Rand Paul, what d’ye expect naming your child after a evil posionous old bigot. All these free market people championing Ayn Rand and conviently forgetting that she was nothing more than a mouthpiece for the Israely state, all those fuckin’ Ayn Rand Institute poxes are mossad.
As far as I’m aware doesn’t Rand Paul support the occupation of Iraq and Afghanistan. I could imagine Ron Paul being rather embarrassed having him as a son, I know I would, I’d disown him, blame the wife, tell everyone she had an affair with the gardener.
Look forward to the new show TAM USA.
I agree with others that Max is misinterpreting Rand Paul badly.
Rand is a libertarian. The media know well how to coax dumb statements out of libertarians and how to shape the coverage to make them look like idiots. Rand just needs to get the knack of dealing with media whores like that lesbian from Canada, whats-her-name (who cares).
But Max & Stacy are underestimating the vileness of the elite in America and their absolute hatred of populism. The elites are often Rockefeller-wannabe’s i.e. con-men.
The elites in America view the common people as cattle (or chattel) to be set against one another. By the evidence and by process of elimination it’s apparent the elite are funding the most racist Mexicans, the most racist blacks and the most racist Caucasians.
rand paul has a commanding lead in ky despite his expressed views on the civil rights act. or is it despite? i’ve been to ky, and this may be helping him. after all, he is running for a state senate seat, not president. if he loses, it will not be because the people of ky started agreeing with rachel maddow.
senate seat, not “state” senate seat
@gussy
on what do you base your assertion that ayn rand is “a mouthpiece for the Israely state, all those fuckin’ Ayn Rand Institute poxes are mossad.”?
@gussy
no need to answer, i did a little research and did find sufficient support for what you posted.
@ FiatMentalist
Insurable interest is a basic requirement for insurance underwriting.
http://law.freeadvice.com/insurance_law/insurance_law/insurable_interests.htm
Language in the Commodity Futures Modernization Act of 2000 bans the application of insurance laws for regulatory purposes. The act also specifies that CDS cannot fall under bucket shop laws. The act was written in a manner to make CDS speculative contracts that are immune from regulation.
Maybe for a balanced view on the Rand Paul racist attack, view:
Paul Watson Talks with Jason Bermas About Cnn’s “Racist Propaganda Attack” on Rand Paul 1/3
http://www.youtube.com/watch?v=KwPe2kEN-Lk
Max I am a fan but I have to say you are a coward for going after Rand Paul the way you do at the end of your show. Rand was debating free society w/ Rachel Maddow. He is not trying to say random shit he thinks will get him attention. He doesn’t have a book to sell. He has principles, I thought you would understand that.
You are a cowards because you do the same shit you accuse Rand of doing, saying crazy things for attention. I like what you have to say and agree with you about the “financial terrorists” but you say some very colorful things for attention for your show.
You even try to associate big name people w/ your show, people that would never come on any of your shows:
1)Challenging Jamie Dimon to come on your show? of course you can. you know he would never come on your show
2) Saying you want to have the broadcast rights to a debate between Peter Schiff and Alan Greenspan? of course you can, that would multiply your ratings by 1000%.
So you are guilty of what you accuse Rand of being, a say anything self promoting WHORE. Fuck you for trying to belittle Rand Paul.
p.s. you can tell Im usually a fan because I listened to the whole Resonance show. (none of this was directed at you Stacy)
Max comments on Rand Paul “The Racist”. We need to be aware and not fall into the “divide and conquer “ trap that is continually set for us….this is an insult to free thinking , intelligent black people, they can see this for what it is! “We the people” of all colours need to stay focused on the real enemy.
The question remains to be answered, does Rand Paul support the immoral occupation of Iraq and Afghanistan, I understand he does. So fuck him he’s a shit cunt scumbag. Libertarian, hah, is he fuck.
‘Oooh Rand Paul is only trying to defend free society’, at the end of a fucking bayonet.
TROOPS OUT NOW.
I may be flogging a dead horse here but nobody can call themselves a Libertarian and support the war in Iraq and Afghanistan. War entails the murdering, and raping of men, women, and children, the destruction of property. Rand Paul supports this. It’s not a question of him being ambushed by the media, he’s advocates WAR. People should reflect on this, Rand Paul endorses death and destruction, that is the reality, it may not fit in with your illusion but it is the reality none the less.
Oh yeah and TROOPS OUT NOW.
@ td9d
agreed
hypocrite
noun
1. a person who pretends to have virtues, moral or religious beliefs, principles, etc., that he or she does not actually possess, esp. a person whose actions belie stated beliefs.
2. a person who feigns some desirable or publicly approved attitude, esp. one whose private life, opinions, or statements belie his or her public statements.
http://dictionary.reference.com/browse/hypocrite
In the big picture Jack Conway gets the “Red Herring” award for the simple act of engaging demagoguery upon his own introduction of the topic onto the stage of debate by claiming that Rand wants to repeal the 1964 Civil Rights Act. This smear tactic(lie), and the way the media handled it, unduly angered many people.
Everybody wants civil rights. Everybody wants financial reform. There is good debate among reasonble people with differing opinions of how to best go about acheiving good outcomes.
Russ Feingold just voted against the Financial Reform Bill. He reasoned that it’s generally accepted initial impetus was to correct the problems that have led us to the era of “too big to fail”. Among his suggestions was the re-introduction of Glass-Steagall. His suggestion didn’t succeed, nor did any suggestion that he thought would address core reform, so he voted nay. Perhaps the bill will pass. Perhaps it will do some good. Perhaps Feingold runs for re-election, and during some future campaign his opponent claims that Feingold wants to repeal the 2010 Financial Reform Act or that Russ is opposed to financial regulation.
The Feingold analogy is apropos not in any detail of debate, but in the style of debate many politicians engage. There are reasonble politicians on both sides of any debate. There are demagogues on both sides of any debate. Perhaps there are even a few benefits from demagoguery. The British are often artistic with it. In America, simply pathetic comes to mind, so does idiocy, and deception. In America demagoguery stifles debate and nullifies reason and reasonable participants. The MSM invests heavily in demagogues.
For the record and clarification, Alan Grayson is not a demagogue.
At the core of the Tea Party Movement is a yearning for reasonable debate and the removal of fear to openly debate creative ideas on common issues.
There is currently, within the political whole, larger divide between demagogues and reasonable people than there is between sides on issues.
This is a GOOD thing!
We are on the verge of reaping the benefits from many years of vigilant effort by reasonable people…
http://www.nader.org/index.php?/archives/2187-No-Time-For-Consumer-Power.html
http://www.youtube.com/watch?v=x3iK6Hy6xMA
http://www.youtube.com/watch?v=Gk2J-d6M4Vs
http://www.huffingtonpost.com/robert-scheer/whos-afraid-of-rand-paul_b_581296.html
http://trueslant.com/zaidjilani/2010/05/18/why-this-true-progressive-admires-a-true-conservative-like-rand-paul/
Blessed Kentucky, Rand is still ahead in the polls. The establishment is still a bit more entrenched in Conneticut…
http://www.youtube.com/watch?v=koiXvCzvGlw
The future is creative, reasonable, and furthermore not bipartisan, but actually nonpartisan…
http://www.youtube.com/watch?v=t0_TtYQEDTo
…nice mix of cosponsors!
In the words of Basil Fawlty ‘don’t mention the war’.
@ John Robb
I agree. That rant about Rand was unnecessary, unintelligent, unfair, and poorly thought out. The issues that need to be addressed in this country deserve better analysis. Playing the race card is not right and a calculated low blow.
I do not fear Rand Paul, but I do fear the political hacks and the people in the MSM who will spout anything for attention and ratings. Max, don’t join those ranks.
@gussy
“The question remains to be answered, does Rand Paul support the immoral occupation of Iraq and Afghanistan”
You hit on a term that catalyses understanding of Rand’s defense policy.
He opposes occupation.
Not only would he like to bring troops home from Iraq. He would also like to bring troops home from Japan. It’s been 65 years since we ended the war there. We’re still waiting. So are the Japanese.
@Sherri
Thanks! And my thanks really isn’t technically about your agreeing with me. It’s more about the feeling I have after reading your comment and being assured that I’m sane and engaged with others who are engaged in kind.
I was actually too nervous to re-read my comment after posting it. You prompted me to do so. I read this…
“At the core of the Tea Party Movement is a yearning for reasonable debate and the removal of fear to openly debate creative ideas on common issues.”
You had the same affect on me as this did…
http://www.youtube.com/watch?v=hMdPTpOyUk4
There is beauty in civility and reason, and stark beauty when juxtaposed against demagoguery.
-
I’m quite hardcore libertarian philosophically, but I am reasonable enough to think that if I lived in Pennsylvania, I might vote for this guy…
http://www.senatoranthonyhwilliams.com/media/video/CapitolUpdate_EducationInPA_Feb_2010.htm
I have a reoccurring dream that this woman teams up with Catherine Austin-Fitts to run [independent] for the White House…
http://www.youtube.com/watch?v=akVL7QY0S8A
I can see reasonable people flooding from all different political nooks and crannies to support such a ticket.
Whatdaya think?
All right, I’ve heard so many comments demonizing Rand Paul.
Max seems to be Piling On here more than a bit. Its ‘cool’ to pick on Rand so they keep doing it.
I pay 50% of my wages to taxes, against my will, and I take every deduction the powers that be say I’m ‘entiled’ to. My Civil Rights have been violated for Decades. I haven’t been executed, since I am much more valuable alive paying taxes. But I dont hear anyone coming to my defense, saying how greatly I’ve been wronged.
Max is totally out of line here. Its unfortunate that he has great difficulty remaining in a serious frame of mind for any length of time.
Big difference between GWallace and Rand Paul. My problem with RP involves mainly Afganistan and Gitmo. But, to show Max’s ignorance of the topic of the week, many blacks did support (and worked in GWallace’s) campaign for president.
The lunch counter issue would have been far more effective if it was handled by ‘shame’. Its unfortunate that Max couldn’t figure this out on his own.
I emailed Sugarplums. This could be fun
@ John Robb
How about Elizabeth Warren for that spot on the Supreme Court? She would probably even answer questions during her confirmation hearings. She would also have a leg up on interpreting the Constitution as written since she likely knows what “is” is.
1. I know of a great Bastille Day party each year here in Lawrence, KS. If you want to send me a voucher for a cake and some cupcake heads, I think that it could be good for your viewership here. We can just have you shows’ information airbrushed on the cake(s). Many of professors from KU go, and it is always a big affair.
2. Don’t be mean to the help. You called Rand dog feces(!). Hopefully he hears your web cast and learns to be more skillful to the press. There is virtue in selective silence.
Max’s vocabulary words this week:
Tableaux
Concatenation (slightly mispronounced)
Venial
Max doesn’t even know what libertarian means. He has been living in socialist France for so long his not even American anymore. He claims that Libetarians
want absolutely no government but how could that be? Wouldn’t that be
Anarchy? Here Maxamillion go to these web sites and do some reading before
you open your mouth and say stupid things.
http://mises.org/
http://www.lewrockwell.com/
Ding Dong anybody home?
Hi Max,
You are a sharp cookie no doubt…..and I always love your commentary… but you sure missed the mark regarding Rand Paul. You may want to revisit your stance and consider the source of your information……the slanted smear mongers of American media. No room is left for critical thought in this country because the powers that be do not want to see a third party rise in the ranks to challenge our duopoly. Rand is the opposite of what you claim. Let us not forget who enforced those separatist laws in the first place…..our government. You were like putty in the hands of our lousy corporate captured media on this one.
I still love you guys…
Sincerely,
Joe
I truly disagree with you on this Max, you are sounding like the press, you are mistaking Rands intentions, either way he will not be touching the civil rights act. A lot of your followers are followers of his and his father, please do not push us away with obvious ignorance. I figured you were smarter than that.