Stacy Summary: An overnight chill song in memory of the 25 year bull market that is well and truly dead. As the title of the blog post goes though, long live the bull . . . what are your ideas on the next champion bull?
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ref. max keiser & Get 6 mo’s free storage
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Rick Ackerman-
- King World News
- Mish
- Karl Denninger – Market Ticker
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- Michael Hudson
- ZeroHedge
- The Big Picture
crash banksters – Buy Silver & gold
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Most recent: 
Bull run just about sums it up, but its not just the 25 year bull run that is over its the bull run that started when banks realized that they could print paper notes in place of gold and that one has been going on since shortly after Gutenberg invented the printing press.
I mean wasn’t the Papal indulgence really the first and the best derivatives contract ever conceived?
Les paroles sont en français !
Merde, je ne parle pas en Francais, seulement Anglais. J’étais étudiant aux États-Unis et je n’ai jamais étudié les langues étrangères !!!
Wow! Some memories you bring back Stacy. I haven’t heard of Francis Cabrel in years!
Ferdinand The Bull – 1938
http://www.youtube.com/watch?v=CGTVRbpAuRo
Vega Man
@Youri Carma
Bernanke is a fool AND a crook. One doesn’t exclude the other.
Bloggers can’t do economics. Discuss.(FT/Alphaville) http://ftalphaville.ft.com/blog/2010/06/28/272021/bloggers-cant-do-economics-discuss/
On the Contrary the FED can’t do economics. Bernanke is a fool or a crook depending the way you look at it. http://2.bp.blogspot.com/_W7mmeCpK7nc/R0NAl6dR01I/AAAAAAAAASg/mUz2GFDMwP4/s400/bb.jpg
G.O.D.
G uns
O il
D rugs
Hard assets that kill for good. That’s the next bubble. Afghanistan was just a prelude of World War 3.
@Stacy
The NEXT BULL ?
World War 3.
Nazi eugenism make a spectacular comeback this time in the USA..
“Adam Smith didn’t have an economics PhD” :says Ambrose Evans-Pritchard: “Like a mad aunt, the Fed is slowly losing its marbles”
“Kartik Athreya, senior economist for the Richmond Fed, has written a paper condemning economic bloggers as chronically stupid and a threat to public order.
Matters of economic policy should be reserved to a priesthood with the correct post-doctoral credentials, which would of course have excluded David Hume, Adam Smith, and arguably John Maynard Keynes (a mathematics graduate, with a tripos foray in moral sciences).”
Time to shut down the US Federal Reserve? 29 June 2010, by Ambrose Evans-Pritchard (Telegraph.UK) http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100006729/time-to-shut-down-the-us-federal-reserve/
@dan valley
Good Stuff links Dan!
U.S. Inflation 3.5% if measured the same way as in the U.K
U.K. Inflation 3.7%
It’s ‘negflation’ we really need to worry about, 28 June 2010, by Jeremy Warner (Telegraph.UK) http://www.telegraph.co.uk/finance/comment/jeremy-warner/7859532/Its-negflation-that-Britain-really-needs-to-worry-about.html
It’s like I said a year ago (Aplause for me-> http://tinyurl.com/29mth8l ) Deflation and Inflation trying to stay hand in hand – both are going on. Max has said this too.
Collegues,
Yes, the bull market has gone the way of Bush One’s thousand points of
light, but dope will pull us through ! Wachovia and its purchase, Wells Fargo,
put 378.4 billion through the laundry for los carteles. ” Echale, los pinches
gringo banqueros really know how to move the lana ”
Like Jacov Smirnoff said, ” A What a country ! ” From central asia to africa to latin america to europe american fianncial corporations run the
dope. They finance it. They provide the aircraft and ex-military pilots to
move the dope. The US Army grunts to guard it. The population to use it.
The politicians to hide it. And……the banks to count it !
No Obama won’t be discussing the Arizona border anytime soon..will he ?
http://www.bbc.co.uk/blogs/thereporters/robertpeston/2010/06/the_risks_of_forcing_banks_off.html
“The Bank of England estimates that simply to replace this finance, British banks need to sell about £25bn of new bonds and asset-backed securities every month. ”
Oh dear
Spain Taken by Chickens out the “Bull Market”. Bullfighter ARRESTED For Being A Coward http://www.youtube.com/watch?v=NE-tFqUn6iE
SPAIN TRIES TO REINFLATE HOUSEMARKET AGAIN LOL
Spain Goes For Broke In Sweeping Toxic Crap Under The Rug For Second Time In As Many Years 21 June 2010, by Tyler Durden (Zero Hedge) http://www.zerohedge.com/article/spain-goes-broke-sweeping-toxic-crap-under-rug-second-time-many-years
From the WSJ: At the same time, banks that own big plots of unbuilt land are announcing plans to build new houses to give the illiquid lots more value, despite the country’s estimated glut of one million empty homes.
Some analysts, however, suspect the strategy is simply kicking today’s housing problems into the future. “They’re making a bet,” said Alfonso de Gregorio, director of wealth and fund management at Gesconsult, a Spanish fund manager. “Wait for the economic crisis to resolve itself, push forward the problems by three or four years, and try not to let it show too much on the bottom line.”
Charlie Veitch on his megaphone at the G20 in Toronto:
http://www.askbutwhy.com/2010/06/charlie-veitchs-street-performance-at.html
Age 69 Years Old
Alan H. Washkowitz, Director since April 1997. Chairman of the Nominating/Corporate Governance Committee and member of the Compensation Committee. Mr. Washkowitz is a former Managing Director of Lehman Brothers, and was responsible for the oversight of Lehman Brothers Inc. Merchant Banking Portfolio Partnership L.P. Mr. Washkowitz joined Lehman Brothers Inc. in 1978 when Kuhn Loeb & Co. was acquired by Lehman Brothers. Mr. Washkowitz is a director of Peabody Energy Corporation. Mr. Washkowitz retired from Lehman Brothers Inc. in July 2005 and is currently a private investor
http://people.forbes.com/profile/alan-h-washkowitz/62377
Lehman Brothers
Man Why cant I get a Job where I get compenstated millions of Dollars to Run a Co. into tee Ground ??????????
lololololol
ROFL
Hic
http://en.wikipedia.org/wiki/Michael_T._Strianese
Freakin all of ‘em are War Mongerin Old Geezer Farts
freakin lunatics
Michael T. Strianese
Prior to his employment at L-3 Communications Holdings, he was the Vice President and Controller of Lockheed Martin’s C31 and Systems Integration Sector from April 1996 to April 1997. He was also previously employed by Ernst & Young.[3]
[edit] Compensation
While CEO of L-3 Communications Holdings Inc. in 2008, Michael T. Strianese earned a total compensation of $12,414,890, which included a base salary of $1,145,385, a cash bonus of $2,750,000, stocks granted of $5,123,485, options granted of $3,299,999, and other compensation of $96,021.[4] In 2009, Strianese earned a total compensation of $13,669,590, which included a base salary of $1,284,231, a cash bonus of $3 million, stocks granted of $5,733,932, options granted of $3,499,995, and other compensation of $151,432
Name (Connections) Board Relationships Title Age
Michael Strianese
Other Board Members on Board of Directors*
Thomas Corcoran Ph.D.
Alan Washkowitz
Robert Millard
John Shalikashvili
Arthur Simon
Claude Canizares John White Lewis Kramer
http://investing.businessweek.com/research/stocks/people/board.asp?ticker=LLL:US
PS anybody recognise anyone ???? I will be Googlein all tees farts names !!!!!
Hic
Happy dick #1 – it will be the end for BP
Bill Stewart – the publishers might give you some help : –
Casterman
Le Lombard
Methuen Publishing
* correction
Its Ok fer grown NON-PREGNANT Women & men to walk true though WTF ????
lolololololol
ROFL
Hic
NY police ‘beat up’ Iranian professor
http://www.presstv.ir/detail.aspx?id=132721§ionid=351020101
I was then sent to the hospital in an ambulance due to severe injuries,” said Afrasiabi who could hardly speak.
After he was discharged from the hospital, the police took him to court where the judge ordered his release.
Afrasiabi said his arrest came over a traffic ticket which he had to pay 25 years ago.
Check out tis para
“Pregnant women and children should not be subject to scanning, even though the radiation dose from body scanners is “extremely small,” said the Inter-Agency Committee on Radiation Safety report, which is restricted to the agencies concerned and not meant for public circulation. ”
Its Ok fer grown men to walk true though WTF ????
Freakin Idiots
Hic
Freakin Women have a loop hole tey can claim tey are pregnant & thus avoid going true tose scanners
But Now what yas gotta carry a Certificate sayin yerr Pregnant ?????
WTF
Lame Ass dumb Lunatical Twerps
lololololololol
ROFL
Hic
I sometimes tink ta rulin Elite have negative 20 IQ
Amandip Singh -
Guess what he will be back at it in 5 years
“Perkins’ trading seems to have been a consequence of extremely heavy drinking resulting from alcoholism, which he now acknowledges. He drank excessively over the weekend prior to 29 June and throughout Monday 29 June.
Immediately following this incident, Perkins joined a rehabilitation programme for alcoholics and he has stopped drinking. The FSA considers that it is possible that Perkins may be rehabilitated over time and may be fit and proper again in the future. The ban has therefore been limited to a minimum term of 5 years.”
http://www.fsa.gov.uk/pages/Library/Communication/PR/2010/109.shtml
And remember ta rulin Elite have tear own Jets tey get off tear Limo and walk right onto tear plane
Even me Dad never had to be checked sinse he was the Pilot
PS Stacy I told yas tear is sometin more Sinister about those scanners Who cares if some Twerp gets a high lookin @ me Errr Emm shlong
lolololololol
ROFL
Hic
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aoG.YbbvnkzU&pos=11
A TSA employee demonstrates full-body scanner
Feb. 5 (Bloomberg) — Air passengers should be made aware of the health risks of airport body screenings and governments must explain any decision to expose the public to higher levels of cancer-causing radiation, an inter-agency report said.
Pregnant women and children should not be subject to scanning, even though the radiation dose from body scanners is “extremely small,” said the Inter-Agency Committee on Radiation Safety report, which is restricted to the agencies concerned and not meant for public circulation. The group includes the European Commission, International Atomic Energy Agency, Nuclear Energy Agency and the World Health Organization.
A more accurate assessment about the health risks of the screening won’t be possible until governments decide whether all passengers will be systematically scanned or randomly selected, the report said. Governments must justify the additional risk posed to passengers, and should consider “other techniques to achieve the same end without the use of ionizing radiation.”
President Barack Obama has pledged $734 million to deploy airport scanners that use x-rays and other technology to detect explosives, guns and other contraband. The U.S. and European countries including the U.K. have been deploying more scanners at airports after the attempted bombing on Christmas Day of a Detroit-bound Northwest airline flight.
“There is little doubt that the doses from the backscatter x-ray systems being proposed for airport security purposes are very low,” Health Protection Agency doctor Michael Clark said by phone from Didcot, England. “The issue raised by the report is that even though doses from the systems are very low, they feel there is still a need for countries to justify exposures.”
3-D Imaging
A backscatter x-ray is a machine that can render a three- dimensional image of people by scanning them for as long as 8 seconds, the report says. The technology has also raised privacy issues in countries including Germany because it yields images of the naked body.
The Committee cited the IAEA’s 1996 Basic Safety Standards agreement, drafted over three decades, that protects people from radiation. Frequent exposure to low doses of radiation can lead to cancer and birth defects, according to the U.S. Environmental Protection Agency.
Most of the scanners deliver less radiation than a passenger is likely to receive from cosmic rays while airborne, the report said. Scanned passengers may absorb from 0.1 to 5 microsieverts of radiation compared with 5 microsieverts on a flight from Dublin to Paris and 30 microsieverts between Frankfurt and Bangkok, the report said. A sievert is a unit of measure for radiation.
European Union regulators plan to finish a study in April on the effects of scanning technology on travelers’ privacy and health. Amsterdam, Heathrow and Manchester are among European airports that have installed the devices or plan to do so.
The U.S. Transportation Security Administration has said that it ordered 150 scanners from OSI Systems Inc.’s Rapiscan unit and will buy an additional 300 imaging devices this year. The agency currently uses 40 machines, which cost $130,000 to $170,000 each, produced by L-3 Communications Holdings Inc. at 19 airports including San Francisco, Atlanta and Washington D.C.
A Drunk Trader Bid Brent Crude Oil from 71 to 73 dollar in summer of 2009. He is now being fined by FSA and his excuse for doing it ………….I was Drunk….
Well-oiled trader triggered big price rise
http://www.ft.com/cms/s/0/a38471e4-836d-11df-8451-00144feabdc0.html
Merkel Faces Test of Leadership in Secret Ballot on Presidency
http://www.bloomberg.com/news/2010-06-29/merkel-faces-test-of-leadership-as-assembly-votes-for-german-presidency.html
Soros wants in on the action,…
http://www.spiegel.de/img/0,1020,903063,00.jpg
I am looking for a digitized collection of Tintin comic novels IN GREEK, but distributed via (hopefully) a public torrent.
As Greek has a different alphabet, and the names change looking for such a collection is quite difficult.
Italian versions are OK, but not preferred. Russian OK too, but they would be oddballs.
Typically these would be bundled in a directory, or a zip file. The file format would be PDF.
There are several existent English collections, mostly or totally complete.
Yall petit bourgeois need to just chill for a bit…
http://www.youtube.com/watch?v=qOP2V_np2c0
You guys are thinkers, marinate on that for a minute…
Honest Abe: http://www.askbutwhy.com/2010/06/geico-commercial-honest-abe.html
Jim sayz….gold supply can gap but is actually quite stable over time. Grows about 1.7% per year. A near perfect thermostat
Why is Canada doing a nuclear deal with India?
http://www.vancouversun.com/news/Canada+India+reach+nuclear+deal/2281106/story.html#ixzz0sHtLs5ho
Remember: http://bit.ly/d03Khe
The incomparable moorehn connects the dots on Russia & gold http://bit.ly/9I7hC6. Nice job, we need more journos like her
Jim Willie called this one a couple of years ago…he said that russia will break the comex.
The incomparable moorehn connects the dots on Russia & gold http://bit.ly/9I7hC6. Nice job, we need more journos like her
Watching a bullfight is about as exciting as watching Sarah Palin shoot a moose.
Banks Financing Mexico Gangs Admitted in Wells Fargo Deal
http://www.bloomberg.com/news/2010-06-29/banks-financing-mexico-s-drug-cartels-admitted-in-wells-fargo-s-u-s-deal.html
Now THAT’S what I’m talkin’ about! Yeah!
I have the disease orthorexia nervosa!!!
Choosing healthy foods now called a mental disorder
In its never-ending attempt to fabricate “mental disorders” out of every human activity, the psychiatric industry is now pushing the most ridiculous disease they’ve invented yet: Healthy eating disorder.
Eating junk foods keeps you dumbed down and easy to control
This is no joke: If you focus on eating healthy foods, you’re “mentally diseased” and probably need some sort of chemical treatment involving powerful psychotropic drugs. The Guardian newspaper reports, “Fixation with healthy eating can be sign of serious psychological disorder” and goes on to claim this “disease” is called orthorexia nervosa — which is basically just Latin for “nervous about correct eating.”
http://www.naturalnews.com/029098_orthorexia_mental_disorder...
http://www.guardian.co.uk/society/2009/aug/16/orthorexia-men...
The War in Afghanistan is Crazy
http://www.youtube.com/watch?v=31P6M-jq4GE&feature=player_embedded
UK: Time to Shut Down the US Federal Reserve?
http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/...
U.N. Report: Scrap Dollar as Sole Reserve Currency
http://www.reuters.com/article/idUSTRE65S40620100629
Watching a bull get taunted, stabbed, drugged, and killed, didn’t help me chill.
EVERYBODY!!!
I FIGURED IT OUT!!!
THE NEXT BULL WILL BE THE NEXT BLACK SWAN!!!
THANKS BP!
http://fellowshipofminds.wordpress.com/2010/06/23/planned-evacuation-of-18-gulf-coast-cities/
http://www.youtube.com/watch?v=WyIbUD5_7Ko
WTF is unfolding in the GOM!
http://www.examiner.com/x-10438-Human-Rights-Examiner~y2010m6d29-Alert-Gulf-Co-mass-evac-plans-confirmed-millions-Am-refugees
For those who are into market technicals, there are bears feeding. Yes … dee bull is tead!
Keiser, ya need to beat the drum a little harder man. The time has come bro.
http://www.youtube.com/watch?v=RWlE1V_lnAQ
folks, what some of you don’t understand. All the rules of this last financial system will be null and void after the elites crash this financial system and then set up thier new financial system. YOu can argue and play with the rules of finance now. But not long all these rules will be gone.
Its all about control. The elites will rape and pilage us all under this financial system. And then crash it to nothing.
And then start a new world order. Its coming folks. Its the plan.
The law of unintended consequences!
Global markets are braced for a possible sell-off in US Treasury bonds after China said over the weekend that it will allow the yuan exchange rate to adjust against the dollar, ending a two-year currency freeze that has led to trade clashes with Washington and Brussels.
Next bull markets:
1) Silver – still less than half of it’s all time high in Jan 1980 of $50
2) Wage Slaves – US corporations are offshoring the jobs of wage slaves in San Paulo, Brazil (which were offshored from the US to Brazil 5-10yrs ago) to Shenzhen, China as the wage slaves in China toil for less and are easier to herd.
A new United Nations report released on Tuesday calls for abandoning the U.S. dollar as the main global reserve currency, saying it has been unable to safeguard value.
http://www.reuters.com/article/idUSTRE65S40620100629?feedType=RSS&feedName=topNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+reuters/topNews+(News+/+US+/+Top+News)&utm_content=Google+Feedfetcher
The next bull will be neutered, just like modern society. So, in essence, I present the Zen approach: There is no bull.
However, some say the only bull I know is the one I smoke. Others say the only bull I know is the kind I dish out when I feel philosophical.
Re-emergence of ‘cottage Industries’ manufacturing wind-powered charging systems for plug-in Hybrid cars and motorcycles. Neighborhood micro-markets where financial supporters can meet and collect dividends from micro-factories.
In the USA.
BUt we have to tighten our belts, pay off and clear our debts as best as we can and live materially more humble lives. Ted K
Please keep reading the Old Testament particularly Deuteronomy 23:19-20 which forbids charging one’s fellow countrymen interest and Deuteronomy 15 and Leviticus 25 which commands debt forgiveness. Now consider that in those days fractional reserve lending did not even exist in all probability.
You are blaming the victims, IMO. A banker might say the same things to preserve his stolen purchasing power (as Max might say).
He has told you, O man, what is good;
And what does the LORD require of you
But to do justice,
to love kindness,
And to walk humbly with your God? Micah 6:8
stacy you gotta link this; no fat finger. drunken finger….
Drunk trader banned for buying 7 million barrels of oil
http://news.bbc.co.uk/1/hi/business/10454311.stm
why ban him? he’s making a shrewd investment.
I don’t think it’s the end of America’s run yet. But we have to have a healthier attitude on debts of all types. I do think it’s interesting that in the Old Testament (or Torah) there are many references to debt, and 99% of them are quite negative on the topic. Take that for whatever it’s worth (It signifies a lot to me).
We can still have happy lives and have a strong voice in the world. BUt we have to tighten our belts, pay off and clear our debts as best as we can and live materially more humble lives. Maybe a walk in the park with a friend and food cooked at home with cheap raw foods isn’t the end of the world. And a large bottle of inexpensive wine or liquor with good friends at home instead of overpriced drinks with wayward strangers at bars eh??? The REAL problem is people don’t want to adjust their attitudes—they want their cake and eat it too.
By the way Michael Hastings would be a great guest for RT and also Norman Finkelstein would be great to talk about Mid-east situation. Also if you can get Janet Tavakoli back on that would be awesome. Haven’t seen her on any media outlets in a couple months.
Michael Hastings is getting a raw deal for doing the job the NYT won’t do. Since when is a journalist supposed to filter damaging info??? Seems based on the Pat Tillman story McChrystal was already a master at filtering information, I don’t think he needed Hastings’ help.
@GGees I agree up to a point…I have started seeing money not only as a unit of stored labor but as a social commodity and therefore should be set at cost…eliminating interest period…I’m not on the gold bug or backed currency nonsense…society has a need to issue currency and afix its value…and they can do this out of thin air…all MONEY gains value from belief…gold has no value other than as a decent conductor of electricity…so the bug a boo about FIAT currencvy is nonsense…in a nonFIAT system the limits/potential would be to drastically curtailed
i.e…we can’t raise a barn or plow next years crops because we don’t have enough shinny rocks? so can’t buy labor now
FIAT money can exist without interest and all debt ain’t bad
“The deadline for the achievement of the goals by all signatories to the United Nations Millennium Declaration is 2015, or only five years away.”
http://businessmirror.com.ph/index.php?option=com_content&view=article&id=26464:seven-policy-mistakes-prevent-countries-from-achieving-mdgsunctad&catid=33:economy&Itemid=60
“Yes, first to take out currency speculation. Exchange rates would be adjusted at regular intervals – whether three months, six months, or a year – according to the inflation differentials. If you do that, most of the incentive for currency speculation is gone. What traditional [neoclassical] economic theory has postulated is that currency markets would bring about exchange rate alignments with what is called “purchasing power parity” (the inflation differential). But all the evidence suggests that this is not happening: the market doesn’t get it right, the market even goes into the opposite direction, so this has to be enforced by governments. And if you have such a system in place, you have solved the asymmetry problem, which means that much of the IMF conditionality is automatically out.”
http://www.un-ngls.org/spip.php?article670
http://www.youtube.com/watch?v=hIWZT4X2pSo
sorry got my facts screwed sideways: there is it about 10 mines (some are under water in Canada as Rabbit lake and Cigar lake mines have collapsed those two mines had the capacity to produce 15% of global demand)
It stands more like 10 “real” miners producing about 85% of world wide u3o8 fuel demand. A lot of juniors spend their time mining the markets, staking claims and testing, with not real production.
I believe it is uranium.
(I’ll bet you $20 Bucks there is Uranium in Afghanistan)
554 nuclear reactors world wide.
With about 4 U3o8 mines producing about 15% of global demand. supplies have been coming from dwindling stock piles and Russian war heads. Russia wants its own fuel now, plans to stop selling cheap to the US.
China, India, Brazil Argentina, US all want more reactors. ASAP
(The Chinese basically waltzed into Australia and purchased the deposits in the ground.)
In the US NRC fast tracking of licensing.
http://www.nrc.gov/reading-rm/doc-collections/commission/secys/2000/secy2000-0017/2000-0017scy.html
Before the market crash in 2004-05 uranium geologist and other experts all over the globe were calling for a possible nuclear energy fuel supply crisis by 2012.
.
2006 DOE auctions of 2/3rds of the US DOE U3o8 stock piles.
http://www.ne.doe.gov/pdfFiles/WNA_PAPER_GUNTER_JAN06.pdf
In the us nuclear energy provides more than 20% of all US electric generation.
The markets played that tune once and then all markets took a beating, especially uranium. I liken it to gold in a lot of ways. Totally manipulated and controlled. I made a bunch a money in U3o8 junior mining stocks and I lost a bit too.
http://www.greenpeace.org/international/en/news/Blogs/nuclear-reaction/areva-downgraded-and-out/blog/12846?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+GreenpeaceNews+%28Greenpeace+News%29
INCREDIBLE story from Bloomberg (seen on infowars):
Banks Financing Mexico Gangs Admitted in Wells Fargo Deal
http://www.bloomberg.com/news/2010-06-29/banks-financing-mexico-s-drug-cartels-admitted-in-wells-fargo-s-u-s-deal.html
“Are those deficits the G20 want to halve measured in terms of gdp?
The goals are based on a proposal put forward by Canadian Prime Minister Stephen Harper for advanced economies of the G-20 member countries that would have them cut their deficits in half by 2013. The agreement also calls for countries to “stabilize or reduce” their ratio of government debt to gross domestic product by putting them on a downward path by 2016…
The Obama administration’s budget for 2011, released in February, anticipates a deficit of $778 billion in 2013, roughly half of the $1.6 trillion deficit the White House estimates for 2010. Should the estimates hold up, the reduction would meet the deficit-reduction goals agreed to at the G-20 summit.
The Obama administration said Sunday that it will work to reduce the U.S. fiscal deficit to 3% of GDP by 2015, which the White House argues will stabilize the U.S. debt-to-GDP ratio “at an acceptable level in that year.”
http://www.marketwatch.com/story/g-20-close-to-setting-deficit-reduction-goals-2010-06-27
They must be planning on debasing the dollar value and reinventing gdp?
the new g8 currency will be the loony. it’s nuts.
The banking classes own us, lock, stock and barrel. Change to an interest free monetary system and the need for exponential growth will disappear. GGees
Only as long as we let them. There is no legitimate moral debt to a government backed counterfeiting cartel. The bankers have trained us too well; we now know that money can be implemented with mere bookkeeping entries. Let’s not be trapped into a precious metals standard.
Agree with you about the interest free money.
i wonder if we stopped driving the fuck around and air conditioning the parking lots, would that help?
No, this time the index hits us all in the teeth.
The next bull market?? lol
The Baltic Dry Index, a key indicator of future international trade activity, closed at 4,209 on May 26. In less than a month it collapsed to 2515, a 40% loss. This thing was the same as in the late spring of 2008, shortly before world equity and commodities markets collapsed. This is a big red flag.
Something of such essential value to the monetary authorities would not be left by the monetary authorities to chance. Yet now, we are to believe that chance (risk-systemic failure) is brought on by the dollar?
hahahaha!
@Snoot. this time we could go to a phony gold standard. we’ll all laugh.
The heart of the ponzi paper is in the exchange.
@ Charles
The need for endless growth is a natural outcome of a money system which is created by FIAT and which bears interest. As money come only come into existence by the creation of debt the interest can only ever be repaid by exponential growth. Our debt based money system drives the rat race which means that if you are unable to race, or cannot win you become bankrupt. The banking classes own us, lock, stock and barrel. Change to an interest free monetary system and the need for exponential growth will disappear.
http://www.newyorkfed.org/aboutthefed/fedpoint/fed44.html
That’s the official version: but it’s completely illogical. The dollar as synthetic index can only be controlled through manipulation of the exchange of other currencies of other sovereigns.
Besides: it’s all set like a top by the guys who get to put that cream from the sdr in their coffee, right?
That’s why the bullmarket has been in BS for years.
@Danny. just read that. unbemotherfuckingleavable.
@jischinger
Thanks
@Topic
Without human die off, the next bull market will me insect protein futures, children license lottery’s and CASINO GULAG. Big Pharma probably has something akin to Soma waiting in the wings. (Brave New World book)
With human die off, human recycling Logan’s Run style but maybe with organ harvesting, child sex enslavement and undoubtedly human rendering plants.
In either case, humans as commodity with children for pleasure not slaves for labor yielding the highest prices. The future has never been so dark
*wtf is with the children as sex commodities? Ive been listening to too much Alex Jones and his constant fear mongering over DynCorp, child protective services, and Blackwater child sex industry. Its fucking disturbing.
S&P downgrades Moody’s – WTF!
why does max never comment here anymore? weird. it’s been weeks. oh well. did he get his own site?
@chenjeshu
Market Trend – Etymology
The precise origin of the phrases “bull market” and “bear market” are obscure. The Oxford English Dictionary cites an 1891 use of the term “bull market”. In French “bulle spéculative” refers to a speculative market bubble. The Online Etymology Dictionary relates the word “bull” to “inflate, swell”, and dates its stock market connotation to 1714.
Bull is short for ‘bully’, in its now mostly obsolete meaning of ‘excellent’.
Bears hibernate, while bulls do not
It refers to the way that the animals attack: a bull attacks upwards with its horns, while a bear swipes downwards with its paws.
They were originally used in reference to two old merchant banking families, the Barings and the Bulstrodes.
The word “bull” plays off the market’s returns being “full” whereas “bear” alludes to the market’s returns being “bare”.
more http://en.wikipedia.org/wiki/Market_trend
and the bear market is usually 1/3 of the length of the bull market. About 10 years that is then, 2-3 4 year cycles.
Here is my take for your entertainment!
Ooo Yes From Red Meat to White meat
Bulls become Formula-fed Veal….. balanced against Teddy Bears
Im not sure that Bulls will exist in the way they have done after the SMASH CRASH BOOM BUST that awaits.
The pattern of hype and human interaction and madness will so a Bull bear pattern will continue it will be limited and short lived just a spook of its former self.
Its not to difficult to understand why… it will be limited by the new interaction interconnection and speed of transactions between people the ponsi system will exist but will limit its self in this new world to VEAL. YES VEAL production a stunted vestal of its previous BULL.and all that depend on it.
Rigged Market Formula-fed Veal (or “milk-fed”) veal, from calves that are raised on a nutritionally complete milk formula supplement. The meat colour is ivory or creamy pink, with a firm, fine, and velvety appearance. Usually slaughtered when they reach 18–20 weeks of age (450-500 lb).
@F.Beard – yeah but even with ‘genuine’ capitalism, there’s been a bull market in something for thousands of years whether it be frankincense, spices, tulips, oil, dollars, tech stocks, old world, new world, etc Stacy
The problems with bubbles is they bust. It doesn’t help if the money that inflates them can come from nothing and go back to nothing. I think there are better ways to do money if only folks were free to implement them on a level playing field.
@Brandon – it’s the Talibanization / Crusadification of the world; corralling the masses into deeper religious idiocy serves a few well; and it’s also interesting to me that so many ‘small government’ Red Team wannabe captains always rally their troops by promising to limit the freedoms of others . . . whether it be their hot button ‘abortion’ issue or promising to bomb, bomb, bomb other nations and peoples
The monetary authorities HAVE the sdr as their sole index and account unit: it’s not likely that greed ever considered need.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=acrGvxBXPDfk
@Stacy:
Who controls US exchange rate policy?
A bull market in Salt, harvested from humans
Stacy,
This is the GOP nominee for senate in Nevada on abortion rights.
http://thinkprogress.org/2010/06/29/angle-abortion-god/
What do you think?
@snoot – I’m not sure the monetary authorities / bankers need an SDR to control global assets. Simple euro or dollar loans did the trick in getting Greece to sell off her island, France to sell off her buildings and Iceland and Latvia and Ireland and UK to introduce sweeping austerity measures. When you refer to Greenspan and the move away from paper currencies, to which quote are you referring? He’s written extensively about gold and its relationship to fiat currencies and government authority.
@Stacy:
Isn’t it true that the US dollar operates as a synthetic index set up to support the value of the sdr indexed assets of the monetary authorities? And when Greenspan said the move was away from paper currencies, he was correct? And the bull market is, now, quite obviously in sh*t?
We already have a new reserve currency it’s called gold. Nothing fiat will last more than 25 years.
@F.Beard – yeah but even with ‘genuine’ capitalism, there’s been a bull market in something for thousands of years whether it be frankincense, spices, tulips, oil, dollars, tech stocks, old world, new world, etc
@jischinger – exactly; hence, ‘long live the bull’ . . .
there has always been fundemental problems at the structure of moderb capitolism…these are well known and have been compounded since late 60′s early 70′s whan western capitolism reached its tether…need for endless growth or demanding greater returns…which places downward pressure on wage structures which causes loss in purchasing power and shrinking growth…the juked their way out by increasing the labor pool and expanding the credit line…but that has hit the rocks…they dont know what to do other than wall themselves off in their gated communities and cram austerity down the rest of the world…and they will get it…because they OWN US
I don’t think the bull is dead it’s just a different kind of bull
Welcome to the era of the bull shit!
what bull market you mean sideways scam market
UN wants Dollar dumped for SDR’s !
http://www.reuters.com/article/idUSTRE65S40620100629
Mike
As the title of the blog post goes though, long live the bull . . . what are your ideas on the next champion bull? Stacy
Just a wish but how about genuine capitalism for a change? That would include private competing currencies of which common stock is my favorite.
Where the hell did Bull and Bear come from anyway?