Lib-Cons to create more than 100 new Lords

Stacy Summary:   Yes, because the UK was suffering such a shortage of entitled ponces.

This is a massively illiberal step to take,” he said. “The single largest simultaneous act of political patronage probably since Charles II came to the throne in 1660 . . . “ Chris Bryant, Labour MP

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Asia Craters, Euro Bellyflops, Germans Fantasize & Bankers Try to Blend In

Stacy Summary: h/t @marietta for the verbiage!

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GLD: “Monetizing of paper and pretend it’s gold”

Stacy Summary: Sunday Video Club!!

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The Infamous Moriarity Flight Under the Eiffel Tower!

Stacy Summary: Last night, Max and I had dinner with Bob Moriarity of 321gold. On the walk back, we all passed under the Eiffel Tower. While it was pleasant, it certainly was not as exciting as this time Bob flew under the Eiffel Tower:

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[1127] The Truth About Landmines & Landfills – 15 May 2010

Stacy Summary: Hope you enjoy. Here is the latest rumored trader, Waddell & Reed, involved in the 1000 point plunge (I got some of my numbers slightly wrong when discussing, so should cross check with the article).  

For more download & listening options, visit Archive dot org

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[OTE54] On the Edge with Steve Keen

Stacy Summary:  On the Edge with Revere Award winner, Steve Keen. (By the way, next week’s guest will be Gerald Celente if you have any questions for him).

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World’s Biggest Budget Crunch and a Very Big Ocean

Stacy Summary:   The CEO of BP uses the same argument that ‘financial engineers’ used – all those derivatives and debt spills happened in such a big ocean of the US & world economies that the little spills weren’t supposed to matter.

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Sarko Speaks! Euro Plunges! Tory Splits! Pound Tumbles!

Stacy Summary: The almighty market speaks.  And it says, “Aaaarrrrggggghhhh!!!!”  I think we are going to need some new words for ‘tumble’ and ‘plunge,’ getting a bit overused these days.

UPDATE:

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Sarkozy Threatens to Pull Out of Eurozone [UPDATED]

Stacy Summary: Who posted this original El Pais story earlier? It’s now being confirmed in the English speaking press as having come from Zapatero.   Let’s see how long it takes for the denials.  If you have ever seen a French movie, you will know that, to the French, threatening to commit suicide is integral to any relationship. Apparently, it’s a sign of passion and commitment . . . ?

UPDATE(S):

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Gresham’s Law Unwinds: Gold Smashes Through 1000 Euros Per Ounce; Nears 1250 USD

Stacy Summary: Or you could say the euro is crashing. Gresham’s Law.

From MaxKeiser.com Images
From MaxKeiser.com Images
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Gold Rage – A Complete Guide to Fear, Loathing and ‘Hysterical Antagonism’ Toward Gold

Stacy Summary: I’ve recently been noticing quite a bit of the gold rage Jesse refers to in this blog entry.  The Alan Greenspan essay is definitely worth reading (or re-reading) and suggests  ‘intent’ to his crimes against the markets, economy and the currency.

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[KR42] Keiser Report – Markets! Finance! Scandal!

Stacy Summary: We look at the scandals of perfect trading days; PIIGS flying only to fall to earth five minutes later when markets realize the Euro-Tarp ‘rescuers’ are, in fact, real bankrupt debt pigs; and Max Keiser explains high frequency terrorism in the Manchurian candidate markets. In the second half of the show, Max interviews post-neoclassical economic philosopher Damon Vrabel about the European bailout, the financial empire and the IMF, and how the right kind of republic can provide some solutions.

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California Now One of Top 10 Government Default Risks in the World

Stacy Summary:    How do you think residents of other US states will respond when California gets bailed out?

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Submerging Economies Becoming More Volatile & Obama Pressures Spain on Austerity

Stacy Summary: Love the bankrupt giving each other advice . . .   Obama encouraged European leaders to ‘act boldly’ ala Bush/Paulson with the TARP-like program?   And, by the way, aren’t US debt levels worse than Spain’s?

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