Stacy Summary: We look at the latest scandals of groveling monarchs, democratic politicians calling their taxpayers hobos and stray animals and BP and Goldman as targets of RICO. In the second half of the show, Max talks to journalist Teri Buhl about Timothy Geithner, RICO and more.
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Scathing and brilliant, the naked truth!
At 10:29 in the video, the camera cuts to Max for a reaction shot and his tie is a different color. Did he puke on it?
@Febo – if there is an association it will be because they are for cutting spending, but will not have any interest in raising taxes
Question – I’m starting to hear “austerity” associated with Austrian economics – isn’t that toally wrong? Ron Paul would not be raising taxes or bailing anyone out would he?
Stacey and Max – please help stop this meme.
@Teri Buhl
Perhaps you could do a guest post on the muni bonds..I’m in Holland and information on the frauds that will also affect Europe is hard to find.
@ Teri Buhl
Cheers, and thanks for the update. As some random unimportant anonymous viewer
, It was good to see/hear from you on the show.
Keep on keeping on!
Just wanted to say thanks for all reader emails and twitter follow request I received from Max’s viewers. I really enjoyed being on the show.
Here is link to the story I’ve been following on how much known fraud was going on in Bear Stearns mortgage group.
http://www.theatlantic.com/business/archive/2010/05/more-corruption-bear-stearns-falsified-information-as-raters-shrugged/56753/
I learned about this news from a documentary film director who is currently making one of the best movies we will see on what happened during the Bear fall out and how some of the fraud, known at a high level, has been covered up since then. The film is by Nick Verbitsky of BlueChip Films and is called: The Confidence Game.
http://www.bluechipfilms.com/
Thufferin thuckatash! Stacey, best keep Max on a tight leash. That woman’s wanton to take your corner.
good point – why have 3 or 400 living gods when you could have only one cheaper mafia crime family??
Hitler made the trains run on time too…
@ flicks
I agree the suggestion from that vid: “Have you ever wondered where the stars went” is a misleading furphy from the compilation’s creator. [Any significant light illuminating body (the Earth, the Moon, etc) would not allow for the even copious amount of stars in space to be properly exposed either digitally or on real film without computational compensation.]
I posted the vid only because it seemed an easy and digestible way to get across some evidence in one hit, that (the first pic aside) many NASA images have been doctored (for whatever reason). The images therein are identified by {mission-film_magazine-image_frame} nomenclature and can be individually googled or found at http://history.nasa.gov/ or the Apollo Archive http://www.apolloarchive.com/ to evaluate for yourself direct from the source.
With regards to the claims of those appearing for the Disclosure Project at the National Press Club conference in Washington, there is very little hard ‘proof’ presented other than: their own videotaped testimony, other corroborating evidence/testimony, and assertion to appear in front of congress under oath. There are hours of testimony and documents available from that conference (see: http://www.amazon.com/Disclosure-Military-Government-Witnesses-Greatest/dp/0967323819) from governmental, intelligence and military whistle-blowers; and I can only encourage you review the evidence for yourself at the aforementioned site.
Majestic – from the beginning of this link
http://www.youtube.com/watch?v=22pk2polNeA
“Have you ever wondered where the stars went”
In this example, the Earth has been isolated and the
celestial backdrop was deliberately darkened”
For people who are really interested in the truth you need to do some simple tests. Get a digital camera on a clear night set your camera up and make exposures until you see the image of stars they will be long exposures and the stars will show as white arc strips due to movement of the earth. Make a record of the exposure time. Next get an off white object like a football. Light it also outside in the dark a 60 watt filament table lamp will do at about 8 feet, frame it so that nothing else is in the shot and it fills about an 8th of the frame. Make an exposures until you can see good detail in the ball; not blown out highlights, make a note of the exposure. You will find a considerable difference in the exposure times of both. The exposure of that first shot in the video was for the earth not the stars that is why you dont see them – not enough exposure time.
With regards those testimonials – would need to see original evidence first
hand photographs, film and movie film. And it is entirely possible Kubrick could have set it up. If its out there it sure as heck isn’t going to get into anyone’s hands. Also context is everything – could just be joking at the
time.
The Diplomat : Could Japan Collapse?
…Japan is in danger of financial collapse, Kan warned, as he called for a hike of the 5 percent consumption tax. Coming just before an important upper house election on Sunday, it was a bold move to touch a traditional ‘third rail’ of politics. And in doing so, he has turned the poll into something of a referendum on increasing the sales tax.
…
http://the-diplomat.com/2010/07/08/could-japan-collapse/
“hike of the 5 percent consumption tax”
Why not just say …. VAT !
8 min. Video : Bill Murphy on Gold Swaps etc.
Bill Murphy – GoldSeek Radio Nugget – 07-07-10
http://www.youtube.com/watch?v=woAZEYuy8Bo
GOLD LEASING … Very interesting !!
… By the way if you need any proof of GATA’s claims I suggest you look up and study the meaning of the term gold lease. This is an education in itself because a gold lease is like no other lease. Firstly in the case of project finance gold leases there is no exchange of physical real property a condition precedent for all other types of leasing. The term merely means a series of periodic payments in gold with the drawdown being money.
Why are these arrangements called leases you may well ask instead of swaps which is what they are. The answer is that a gold lease contains a trust document and consequently has to executed under seal. Why does the gold lease contain a trust document? Well when you wind up a bank the third party accounts held in trust are paid out before the general depositors and creditors and treated as secured debtors.
The reason for name lease rather than swap with a trust document is to cver the nature of the security. If it was revealed than Central Banks lend mainly against security above the depositors it tends to undermine the system. Clearly Central Banks and the IMF would not lend to each other under these conditons unless an emergency had been called in the credit of one of the Central Banks. This is the reason for swaps vs leases.
Bear in mind that I went to Bank of England courses explaining gold leasing in the late 1970′s and these people were putting in place security documentation to cover what is about to happen now then.
Think forty year planning cycle….
http://truthingold.blogspot.com/2010/07/is-public-starting-to-catch-on-to-comex.html?showComment=1278544369934#c775503911429486919
http://www.telegraph.co.uk/culture/art/4968509/Caravaggio-used-photography-to-create-dramatic-masterpieces.html
It amazes me the amount of nonsense that is attributed to photography even by noted and ‘educated’ persons Art historian Roberta Lapucci clearly doesn’t understand depth of field either along with a whole host of problems that photography of the type suggested presents.
Its laughable and ignorant to suggest Caravaggio used an early form of chemical photography. Roberta Lapucci should set up a test and try it out to find out why. People who are uneducated are easy to manipulate. Many artists used a camera obscura but fixing the image in a usable way only came in the first third of the 19th Century. And the one that stands today by John Herschel – Sodium Thiosulphate.
Majestic I’ll take a look at that when I come back from the saw mills.
Is The Public Starting To Catch On To The Comex Paper Fraud?
From UBS on Friday: “Physical demand picked up Friday in the wake of gold’s test below $1200, with our sales to India the largest recorded since early January.”
…
…
Tulving is more sold out of 1 oz. gold bullion products than I can ever recall seeing. Here is what happens now when the big banks drop paper bombs on the Comex:
http://truthingold.blogspot.com/2010/07/is-public-starting-to-catch-on-to-comex.html
Apologies, I somehow doubled up on my two clips. Here it what was supposed to be the second:
http://www.youtube.com/watch?v=cMLrUR0_-YI
@Bonn – no words are going to stop a killing, it hasn’t worked from Genghis Khan to Alexander to Hitler to the US MIC
@ flicks
Have you tried checking any of pics in Photoshop for yourself?
Perhaps check out these couple of clips from the Disclosure Project
http://www.youtube.com/watch?v=R6QNzH4x1rY
http://www.youtube.com/watch?v=R6QNzH4x1rY
Interested to hear how you’re in the know?
oh, I forgot to add a link to justify my NASA vs. National Security claim…
See The National Aeronautics and Space Act, 1958
http://www.nasa.gov/offices/ogc/about/space_act1.html
Pay attention to sec. 206(c), 303(c), and 204 in it’s entirety
“NASA …Lies (Proof of image tampering)
http://www.youtube.com/watch?v=22pk2polNeA
Much of this is just rubbish and I have the knowledge to know.
Hidden Secrets on the dollar bill
http://www.youtube.com/watch?v=t1BnUjhiqGY&feature=related
@ Bonn
I assume you mean “long term health benefits”.
Unfortunately that only applies up to two glasses per day. Above that, the risks/disadvantages start to outweigh the benefits.
So be careful!
Also, red wine is noticeably better (high Resveratrol compounds). (But too much wine starts to decay your teeth due to the high acidity)
@ Youi (and probably @ Bonn too)
Many of the Apollo photographs have been doctored (some proof follows). But that doesn’t mean that we never went to the moon (though it obviously should raise at least further investigative eyebrow).
NASA …Lies (Proof of image tampering)
http://www.youtube.com/watch?v=22pk2polNeA
Please note that the first picture is not from the original sources and is not reliably discredited as being altered (I’ve checked it myself). All the others however…
Please also note that in linking to this, I’m not accusing this organisation (that I happen to admire) of wanton impropriety. What I mean is that if anything deemed ‘alien’ is considered highly classified by the military as it apparently is (ref: “Above Top Secret” by Timothy Good), then they CANT saying anything because the ‘alphabet agencies’ won’t let them (see also: The Disclosure Project testimonies http://www.disclosureproject.org/ )
Software Patents Need to Be Abolished
http://www.huffingtonpost.com/paul-kedrosky/software-patents-need-to_b_638362.html
@ Stacy & Max
ya hafta shine tee light on Iran & US issue before tey go besserk
Whoot Whoot David Icke on AJ
Lizards and sh!t
lolololol
ROFL
Hic
oooooooooo spent a fortune yesterday drinkin Grrrrrrr regretin it
but it has long term benifits
That’s not bad..Visit the “wrong ” beach in Florida 3 times and you’ll spend the rest of your life in prison XD
@ Youri Carma from that link on moon landings
“The main rule of thumb in photography is that the larger the format of the film the less depth of field. For instance, 16mm film has a large depth of field. 35mm has a smaller depth of field and 70 mm (which Stanley was using in 2001 as were all of the astronaut-photographers in the Apollo missions) has an incredibly small depth of field.
What this means is that it is virtually impossible for two objects that are far apart in the lens of a 70mm camera to be in the same plane of focus. One of the two objects will always be out-of-focus. Filmmakers like to use depth of field because it creates soft out-of-focus backgrounds that are visually very pleasant to the human eye.”
“This depth of field is impossible in real life using a large format film like 70 mm. Keeping everything in focus is only possible if everything is actually confined to a small place.
It may look like the ape-men are somewhere in a huge desert landscape but in reality they are all on a small set in a studio.
It may look like the astronauts are on a vast lunar landscape but actually they are on a small confined set.
According to the NASA literature, the Apollo astronauts were using large format Hassleblad cameras. These cameras were provided with large rolls of 70 mm film on which they took the images. This large format film is exactly the same size film that Kubrick was using when shooting 2001.”
Have no idea if man really did land on the moon but I do have detailed knowledge on photography – was once funded by The Arts Council UK to do research on the becquerel daguerreotype photographic process – an extremely difficult and hazardous process. The above comments are some what wide of the truth on depth of field.
Lee Friedlander uses a 6cm x 6cm MEDIUM format Hassleblad camera he is noted for comparing the very near to the far and getting it all in focus as you can see from these:-
http://www.artsmia.org/friedlander/index.php
http://collections.mocp.org/detail.php?t=objects&type=browse&f=maker&s=Friedlander%2C+Lee&record=1
Dead zone in gulf linked to ethanol production
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2010/07/05/MNF91E84SL.DTL#ixzz0svBA6pC0
“While the BP oil spill has been labeled the worst environmental catastrophe in recent U.S. history, a biofuel is contributing to a Gulf of Mexico “dead zone” the size of New Jersey that scientists say could be every bit as harmful to the gulf.
Each year, nitrogen used to fertilize corn, about a third of which is made into ethanol, leaches from Midwest croplands into the Mississippi River and out into the gulf, where the fertilizer feeds giant algae blooms. As the algae dies, it settles to the ocean floor and decays, consuming oxygen and suffocating marine life.”
You 2 a truly sick, twisted individuals…MY kind of SCUM XD !
Go Teri! you’re awesome!
Thankfuly we have people out there like Teri & Max who understand the way this all works so that people like me can disseminate the information easily & connect some dots.
http://www.youtube.com/watch?v=4SuxjzoLyf0
Judge Napolitano – ‘Arizona Statute Is UnConstitutional’
Mild rioting going on in Oakland over Johannes Mehserle verdict.
Live stream has coverage: http://www.kron.com/
You know what’s truly scary about the comparison between Vietnam and Iraq ?
It’s not the invading of a country under false pretense, killing hundreds and thousands of civilians, dropping more bombs than they did in WW2….It’s the fact your more worried about winning or losing. That has got to be some of the sickest shit since Nazi Gernamy.
Stacey, how do you and Max respond to facts like,
“Today, the Federal Reserve no longer reports M3, which is unfortunate because it eliminates the possibility of accurate historical comparisons. M3 is estimated by economists by modeling historic trends. However, these models become less reliable as we move further from February 2006, the date the Federal Reserve stopped reporting M3. Eurodollars, a major M3 component, is particularly difficult to model.
In any case, much attention is being given to these private estimates, even though the decline in M3 they are reporting stands in marked contrast to M1 and M2. The Federal Reserve reports that these two money supply measures have grown 7.1% and 1.7% respectively over the past twelve months. Thus, by these two measures, the dollar is inflating, i.e., the quantity of dollars is expanding – particularly so for M1 – relative to the available stock of goods and services being produced in today’s depressed economy.
This inflation is also apparent from market prices. For example, crude oil prices have more than doubled since their post-Lehman crash low. More broadly, the price index of 19 commodities compiled by the Commodity Research Bureau is up 46% during this same period…” -James Turk
Excerpt from: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2010/7/8_James_Turk_-_Threat_To_The_US_Dollar.html
Please show me the deflation.
Regards
@Mep
I guess Rick Santelli is just fine with millions of people paying mortgages that are 30 – 50 % higher than real value due to FRAUD.
Rick Santelli needs a hair cut … down to throat level. ;-(
Grrrrrr
Tom – My best bet is we’ll find our own little escapes. Don’t forget that during the Great Depression, many of the poor actually didn’t feel an impact, because they had land and hence, food to eat. Oil shortages will cause all kinds of additional problems, but if we have food to eat, at least we’ll have the energy and wherewithal to come up with some solutions.
The U-SS:
http://news.bbc.co.uk/2/hi/europe/10552630.stm
EPA Sues Monsanto for Mislabeling Cotton Seed. Ha ha.
And, an interesting piece about the people whom Rick Santelli once dubbed “the losers” who took out mortgages they couldn’t afford: Rich Are Biggest Defaulters on Mortgages.
Fantastic episode! What a combination.
Stacy + Max + Teri Buhl
@MEP
I am still doubtful about any type of escape. Even if cap-and-trade makes oil too expensive for us “little people”, they will probably tax the methane that issus from the shit we sift through.
Is it just me or is anyone else creeped out by the guillotine ad? I know it is a joke, but it creeps me out. The Nazis loved theirs.
@ Tom – Exactly . . . I love Monty Python.
@F Beard
Call me a dope, but I’m not convinced by that explanation. Check the link I poster earlier. There are many holes in the Moon story.
http://www.davesweb.cnchost.com/Apollo1.html
@Youri
Isn’t it funny how sportsfans always tell people like us “why do you care about that political stuff, it’s not like you can do anything to change it”.
The irony is totally lost on them.
@F Beard
The expanding gases press against the rocket nozzle producing a net forward force.
Its the conservation of momentum.
Mass(vehicle)*Velocity(vehicle) = Mass(gas)*Velocity(gas)
Velocity != Velocity of money
@F. Beard
Well yourright about that but there is so many evidence of fakery that I realy doubting of the realy went. The van Allen belt etc…etc….can go for hours here.
An other example: Banned in America: Proof of Fake Moonlanding http://www.youtube.com/watch?v=y1tqZyZVoDM
Riddle me this anyone, how can rockets firing in a vaccuum have any ability to steer a craft in space? Tom
The expanding gases press against the rocket nozzle producing a net forward force.
@Tom
I am still not sure about that tom but I recently found new stunning prove of fake Apollo Pictures. Will upload them later to show you. I found the evidence earlier but couldn’t make out what I exactly saw but you can find the clue here.
How Stanley Kubrick – Faked the Apollo Moon Landings: http://exopolitics.blogs.com/exopolitics/2009/10/how-faking-the-moon-landings-nearly-cost-stanley-kubrick-his-marriage-and-his-life-1.html
Cleveland or Miami, hmmm.
Credit Suisse, banks need more $$$$ after stress test. Are these “stress” tests nothing more than fear tactics to create an alarm that empowers the banks? Where is all this money coming from that load up the banks coffers? A pipeline for extraction of real wealth imho.
http://online.wsj.com/article/SB10001424052748704111704575354831170095698.html?mod=WSJ_newsreel_business
Gulf Awash in 27,000 Abandoned Oil Wells http://www.youtube.com/watch?v=BBP2yJo5dP8
Passage by Congress of the national health care legislation has had an unintended consequence to the nation’s coin collectors, vest-pocket dealers who buy and sell coins, and larger dealers who are frequent buyers of coins that collectors periodically liquidate as they trade up their collections for better coins, or simply sell to take a small profit or loss.
What has happened is that effective Jan. 1, 2012, the whole system of giving and receiving Internal Revenue Service 1099 forms will be turned on its head and all persons (including corporations) who are in business will now have to give 1099 tax reporting forms for coins and other goods that they sell as well as buy.
The responsibility for issuing forms kicks in at $600 for coins or bullion – not a very high level and one that has already started sounding alarm bells. It doesn’t matter in what form payment is made, whether cash, check, credit card, or Yap stone money, the $600 threshold applies.
http://www.numismaster.com/ta/numis/Article.jsp?ad=article&ArticleId=11843
@Youri
That assumes we went to the moon. Riddle me this anyone, how can rockets firing in a vaccuum have any ability to steer a craft in space? The physics are not there. Check this out:
http://www.davesweb.cnchost.com/Apollo1.html
An allegory for the Banker’s Enlightenment:
http://www.youtube.com/watch?v=12BIEsUPUME
(starring: Mrs Herbert!!!)
LeBron James Announces… He’s Going to Miami! http://www.youtube.com/watch?v=3B_xBWsDpz0
Be careful with that colloidal silver; it can turn your skin permanently gray.
Admitted thieves are going free, while an elderly Wheat Ridge man is facing the possibility of spending the rest of his life behind bars, all, he says, for trying to defend his property and his life. http://www.kdvr.com/news/kdvr-theives-free-victim-arrested-txt,0,231586.story?
(Video) http://www.kdvr.com/videobeta/8282bbf3-2216-44af-b71a-a6865b8f0415/News/Thieves-could-be-going-free-while-victim-faces-jail-time
@MEP
http://www.youtube.com/watch?v=5Xd_zkMEgkI
Is this what you have in mind? Not so bad, at least the bosses left those people alone.
@ mirrormirror – I have friends in OR who make their own colloidal silver. There are tutorials on the web. A 1 oz. bar cut in half with electrodes attached will supply enough colloidal silver for a lifetime.
U.S. MEAT TREATED with CARBON MONOXIDE to make it LOOK FRESH http://www.youtube.com/watch?v=0ngiV5JR7YQ
http://www.marketwatch.com/story/story/commentstab?guid=F35411EE-1387-4F1E-B25B-BBFC7AE35D24#comment4330055
Reader Response »
Headline: Treasurys slip after jobless claims improve MW – I will say this very slowly for you Jobless claims have not improved. We are bleeding approximately 450,000 jobs every week. That is not improvement. That is 450,000 potential folks in danger of foreclosure, not being able to feed their family, keep their car running, pay their bills. Not to mention the poor folks that have…”
- cmiles608 | 8:20 a.m. Today
@Mep
Yeah TnX! Hope people wake up but here in the Netherlands I see them falling alsleep even more. They are just so fuckin gullible over here almost makes you wonna cry.
Mortgage rates hit new record lows http://www.marketwatch.com/story/freddie-30-year-fixed-rate-mortgage-at-record-low-2010-07-08-103100
Record-low mortgage rates but who cares? http://www.marketwatch.com/story/record-low-mortgage-rates-who-cares-2010-07-01
Jobless claims still 454,000 http://www.marketwatch.com/story/jobless-claims-fall-21000-to-454000-2010-07-08
U.K. house prices down 0.6% in June: Halifax http://www.marketwatch.com/story/uk-house-prices-down-06-in-june-halifax-2010-07-08
British Airways June traffic down 11.1% http://www.marketwatch.com/story/british-airways-june-traffic-down-111-2010-07-05
@ snoot – LOL!
@ skippy – Yep, better get back to it and make sure there’s no GMO funk festering in it.
@ Youri Carma – The wheat! Just unbelievable. I though the (In)Justice Department was supposed to be investigating Monsanto’s monopoly practices?
At any rate, here’s a positive Monsanto story:
Monsanto Loses After EU Court Decides That Soy Meal No Longer Has Functional DNA.
Safe haven from the tax storm http://www.marketwatch.com/story/safe-haven-from-the-tax-storm-2010-07-06
Wages are falling, but not for everyone http://www.marketwatch.com/story/wages-are-falling-but-not-for-everyone-2010-07-07
Perhaps we’ve reached peak snoot, Mep?
sorry. back to my garden.
@ snoot – I enjoy direct answers to questions even better.
Conspiracy of Weasels is killing real reform http://www.marketwatch.com/story/conspiracy-of-weasels-is-killing-real-reform-2010-07-06
I cant keep up.
‘Doomsday Ark’ to be Housed on the Moon -A Remote Access Toolkit to Rebuild the Human Race http://www.dailygalaxy.com/my_weblog/2010/07/doomsday-ark-to-be-housed-on-the-moon-a-remote-access-toolkit-to-rebuild-the-human-race.html
Perhaps we can grow pears in our sustainable community gardens? I do think Prince Philip is fond of pears. But then, life will be ‘peachy’ when we all accept our ‘shared reality’. Competition then will be a joy and a virtue.
It’s so kind of those above our wee little heads to define virtue for us!
@Mep:
You do enjoy rhetoric, don’t you?
Ronron:
Maintain a stiff upper lip, chap. It will be a necessity when we transition voluntarily to a place we cannot leave willingly.
BASF & Monsanto out to poison more of your food – Happy Dieing!!! (From cancer of cause and your children will be infertile)
BASF and Monsanto said they plan to expand their crop venture to wheat. The collaboration that was established in 2007 includes the following crops: corn, soy, cotton and canola http://www.marketwatch.com/story/basf-monsanto-expand-crop-venture-to-wheat-2010-07-07-829510
bye y’all
and snoot. if i get my druthers. your the fuck out of there.
Cayman’s gets deserted. First to Zurich now also to other places by other than financially companies. Seems it will stay a CIA bases primaraly to help the FED and lunder the poppie and Clinton Coke.
Seagate moves incorporation to Ireland from Cayman http://www.marketwatch.com/story/seagate-moves-incorporation-to-ireland-from-cayman-2010-07-03
fun son. http://www.youtube.com/watch?v=BgrIIuFeBgo
EUROPE IS BEEN TAKI’N DOWN
Tarpley: EU to little too late http://www.youtube.com/watch?v=-tUcC8A8eyU
J.P. Morgan upgrades Goldman, cuts Deutsche Bank http://www.marketwatch.com/story/jp-morgan-upgrades-goldman-cuts-deutsche-bank-2010-07-06
can you help me. everybody’s mad at me.
http://www.youtube.com/watch?v=QQBttKoetqo
Soaring Asian shipping shares belie Baltic Dry Index plunge http://www.marketwatch.com/story/asia-shipping-shares-belie-baltic-dry-index-drop-2010-07-07?amp%3Bsiteid=rss&SiteId=djm_HAMWRSSGMktgsH
But the Baltic Dry Index, which tracks sea freight rates to ship dry commodities, fell for the 30th straight day through Wednesday to its lowest level since May 2009. According to the Baltic Exchange, which compiles the index, the BDI fell 5.1% to 2,018 points –down to less than half of its May 26 peak of 4,209.
@ snoot – ? Thought you of all people would be one to endorse localization. The transition initiatives do not = community ghettos. Most begin as educational outreach areas re: how to start transitioning for peak oil and how to become more self-sufficient. People who take part don’t sell their properties and form communes or anything, they just apply what they’ve learned and start tying to become less dependent on oil in whatever ways they can. Nothing wrong with that. We don’t have one up and running here, but we’re doing what we can to grow our own stuff and buy what we can’t grow from local farmers. Also cutting back on consumption, waste, and yes, even building a sweet composting bin.
nice night. http://www.youtube.com/watch?v=3wG55hfh2w0
Jim Rickards says….The first ones for mike @ liverwurst
Gold bulls complain of central bank “price suppression” http://bit.ly/cyrCd2. Get over it; it’s what they do. Think of it as a price gift
China’s SAFE says not buying gold aggressively because market “too thin” http://bit.ly/cEK2F6. Think about that for a second.
Reuters_TopNews says #China shy on #gold because supply “limited” http://bit.ly/bz0Kaw. Well, duh, that’s the whole idea. Paper “unlimited”
China’s SAFE announcement really interesting http://bit.ly/bz0Kaw. I never realized they liked U.S. football so much
US definitely wants inflation, not deflation. The problem is we’re getting deflation anyway. So policy isssue is, what’s next? QE2
Stop in the name of the law! #BP case going criminal fast http://politi.co/bpLK1o.
for snoot. http://www.youtube.com/watch?v=PGO42gvCSPI
@Snoot. not what i meant but. aaaaa.
Old Snoot isn’t a charity case, ronron.
@Snoot. don’t worry. max and stacy are taking us to new zealand. i hope they take you first snoot. you deserve a place.
@Snoot. yep poor crackers. your fine snoot. http://www.youtube.com/watch?v=91Eb3FiebTs
I saw this while watching the previous utube What a voice!
I’ll never find another you
Stacy’s my schoolgirl.
http://www.youtube.com/watch?v=H9uHrzhIkQg
Of course, not everyone will live IN the community. There will be the smarter ones who will have set themselves up through common deceit to rule over the ‘weaker’, the ones who need the guidance. These crackers, er overseers, will be cheering as they herd humanity.
composting oops
sorry, it’s all so exciting, isn’t it? and to think Philip probably designed some of these communities himself! it makes one want to bend the knee!
OH, JOY!
To win the compositing prize! I knew that competition could be put into good use for the patriarchy!
@ronron – don’t go to pieces Stacy
I go to pieces
Time to scuttle-bum us all of to our little sustainable ghettos, Mep? Well, they won’t clear the biocorridors until spring 2011, US real time.
“TRANSITION TOWNS KINSALE WINS LOCAL AGENDA 21 GRANT
Transition Towns Kinsale received a great boost and vote of confidence from the Department of the Environment and Cork County Council just before Christmas when it was announced that TTK’s community composting project had been awarded a grant of €2500 (€1250 from the Department and €1250 from the County Council) under the Local Agenda 21 grant scheme.
Local Agenda 21 is one of the outcomes of the Earth Summit held in Rio De Janeiro in 1992. Some of the main aims of Agenda 21 are that people are entitled to a healthy and productive life in harmony with nature and that environmental issues are best handled with the participation of all concerned citizens. There is now an obligation on local authorities to enter into dialogue with its citizens and local organisations on environmental issues and a grant scheme has been initiated to fund local projects which take into account the well being and quality of life of the community in the long term and include a high level of participation at local level.”
Dialogue will involve force at the apex of Prince Phillip’s desiring: for now, let’s enjoy the show, shall we?
@Stacy. if you are a spy. haha. no way. guess what. http://www.youtube.com/watch?v=nJXc0NRCmRQ&feature=related
Great programme… I’m a big fan… Your going on the time table and in the diary… Though… It’s about time you utilised your people and approached the courts with your following instead of bragging about what you know and not actually putting an effective front on that could bring thier relatively unstable house of cards tumbling down just like they did to us… As God BE My whitness it’s high time that percentages and bonuses were managed perfetly and children got thier stem and mast cells… Mass proliferation of medicine and financial systems… If I had the money and the influence that you have this World would be finished in no time… Hurry up… The windows do close… I wouldn’t want the music to stop and you to end up without a chair… There’s a road to pave and a crystal to facet (Earth)… I’ll help if you need a Masianical… Well I’ll let you deal with it, however insignificant you think God is!!! … 3 the Trinity… FreeDric Godfree Winfree…
but who knows? not me. http://www.youtube.com/watch?v=fZwkxHYM7lI&playnext_from=TL&videos=IpdBu66N0cg&feature=rec-LGOUT-exp_fresh%2Bdiv-1r-3-HM
i hope y’all get to live good. http://www.youtube.com/watch?v=jXZcJojTucg&playnext_from=TL&videos=sMYWU5sHNgA&feature=rec-LGOUT-exp_rev-rn-1r-26-HM
@Stacy turn this up as it’s old. http://www.youtube.com/watch?v=gmvXJRyiSsM
Excellent reporting! Thank you.
@ Mother Earth – . . . guess not all of us are sitting on our rumps–here’s the latest listing of official transition towns in the US:
http://transitionus.org/initiatives-map
Looks like a lot of them are doing really great things. Colorado is having people pledge to shift 10% of their food consumption to locally grown food. There was an meeting for a transition kick off here in April; I found out about it too late to check it out.
Transition towns are popping up all across the globe, aren’t they? At least I’m aware that there are some in Ireland and the UK . . . .
For the words ” I get ” insert “GOLD Gets” then change the “I ” to ” it ” as needed.
http://www.youtube.com/watch?v=kS-zK1S5Dws
@Stacy. haha. i won’t. not now.
@ronron – don’t go to pieces
hey max. try this on saturday. http://www.youtube.com/watch?v=7rXhXLsNJL8
this is how it feels when Stacy’s mad at you. http://www.youtube.com/watch?v=HB6l4i-zA_Q&playnext_from=TL&videos=VexpmpTZpIM&feature=rec-LGOUT-exp_fresh%2Bdiv-1r-24-HM
WOLF OF FT PROPOSES NEGATIVE REAL US INTEREST RATES
http://blogs.ft.com/economistsforum/2010/07/is-now-the-time-to-experiment-with-negative-interest-rates/
sorry Stacy. i know your still mad at me.
if i can get two of you to give everything to the church, i get a KIA.
anyway why don’t some of you give your wealth to the church and pray? get back to me as i’m doing a study.
@Skippy. where do you come up with your ideas?
you better sell your silver to me right fucking now.
@ronron maybe try playing a game of cards with them instead ..
Full article here :
Paper Gold vs the Dollar? Interview with James Rickards
July 7, 2010
http://us1.institutionalriskanalytics.com/pub/IRAMain.asp
I actually printed another part of the article today :
… Rickards: I think you already see in formation a German-Russian axis. Merkel and Medvedev have been very active in their discussion. I can’t think of two economies in the world that are better matched than Germany and Russia. The former is an export technological powerhouse, Russia is a commodity producer and importer of technology. Russia has a credibility problem, but combined with the EU they would become the new alternative to the dollar….
spies. i hate fucking spies.
Russia, Gold & Spies
Rickards: … To give you a sense of how much interest there is in financial matters in the national security community, I recently headed a panel at a program sponsored by the Johns Hopkins Applied Physics Laboratory, one of the premier private research centers in the U.S. for developing everything from new weapons to nuclear strategy. The topic of my paper was a hypothetical press release issued by the Russian central bank announcing the creation of a new, gold-back currency. In the hypothetical, the Russians also announce that exports of energy and other natural resources will have to be made in this new “gold ruble.” The Russians would become a market maker in gold and effectively control the marginal price of gold transactions. This is basically a plan for taking down the dollar.
http://www.caseyresearch.com/displayCdd.php?id=478
dado ronron. http://www.youtube.com/watch?v=aNiYECUd2ZU
the dodoronronme the dodoronronme.
maybe a doodironronmee page. that’s the ticket.
Corporate deadbeats:
BP stops paying fishermen.
US contractors fueling insurgency by not paying Afghan workers.
@ Mother Earth: best guess: our brains have become corporatized, and we only want to listen to scientists if we’re being told to by profiteering corporations and their corporate news bobbleheads. Otherwise, it’s not cool to look to scientists; in a way they are authority figures, and at least we in the US don’t like to listen to authority . . . unless those figures are blowhards who excite us emotionally. Then we’ll listen.
Stacy may have to have a bible school thread daily. hope so.
“Waste Management” WMI … another big corp permitted to dump on America.
Really sickening imho. They are dumping BP’s waste.
http://video.godlikeproductions.com/video/BP_Dumping_Oil_Waste_In_Mississippi_Landfills_BP_Does_Whatever_The_F_They_Want_To
Australia teaches China how to run centralised government.
http://www.smh.com.au/business/now-china-is-set-to-go-ahead-with-its-own-resources-tax-20100708-102dx.html
@ F. Beard. I believe you misinterpreted this passage. Read the final line – verse 22:
Trichet dismisses fears over eurozone
Global gloom has been overdone, says ECB head
Oh Dear … that’ll get people worried !!
Where’s Mike ?
Paulson Hit With $2 Billion In Redemption Requests, Likely Source Of Recent Gold Market Liquidations
.. courtesy of scared investors pulling $2 billion in redemptions by the end of June…
http://www.zerohedge.com/article/paulson-hit-2-billion-redemption-requests-likely-source-recent-gold-market-liquidations
But Cameron technically is “royalty” (whatever that tag infers) because he is related to the queen.
http://www.youtube.com/watch?v=BMThooXp8t4&feature=player_embedded
Great show, good way to start the morning. Teri was getting fired up
‘Green is the Colour of Money’
http://www.youtube.com/watch?v=oInl21livMY
Paul Watson from the Sea Shepherd @ 5:25
@Alister.i heard every wednesday a 2. weird.
Anyone wondering if money laundering is propping up the world economy ?
http://emptywheel.firedoglake.com/2010/07/06/creative-wall-street-and-money-laundering/
http://www.bloomberg.com/news/2010-06-29/banks-financing-mexico-s-drug-cartels-admitted-in-wells-fargo-s-u-s-deal.html
The military and its rulers do get a free pass from the light of the “Truth” movment. All UK soldiers swear an oath to the Queen, not any democratically elected official or constitution. Who appoints the generals in the British army, its not the politicians. Heres a video about Canadas Govenor General
http://www.youtube.com/watch?v=Ys0Dn9QjfD4
Could 911 happen as an inside job without the military. Wasnt it the joint chiefs that came up with operation northwoods in the first place? and a political elite “Kennedy” threw it out. What shape the CIA? All these bankers exist at the sufferance of the worlds military.
the body language in the first half gives away, i think, the fact max and stacy are not genuine partners romantically involved
@M/E. the first words an oligarch baby learns. never waste a crisis. hence the corexit. bingo.
Moscow to have Iran’s Bushehr reactor running by September
http://www.debka.com/article/8903/
LOL .. that should put the cat amongst the pigeons.
@Majestic … yeah , it’s so simple that even Congress could understand it !
@ MirrorMirror
Neatly wrapped up summary. Thanks for the link, good quick article to pass on to others.
Illinois Stops Paying Its Bills, but Can’t Stop Digging Hole
http://www.nytimes.com/2010/07/03/business/economy/03illinois.html?_r=2&hp
The Con of the Decade Part I
… outlined in 12 simple steps :
… In effect, it’s a Third World/colonial scam on a gigantic scale: plunder the public treasury, then buy the debt which was borrowed and transferred to your pockets. You are buying the country with money you borrowed from its taxpayers. No despot could do better.
– Charles Hugh Smith
http://www.oftwominds.com/blog.html
Must read all !
sokkomb
@mep
I may start a garden these days..There seems to ba an effect of rf radiation I would like to replicate..
@Palantir …”$30.4 million (2009 Compensation)”
That is more like an above-average compensation … i.e. NOT the worst … the average ( NYSE & NASDAQ Cos ) I would guess is probably 10 mio$ including stocks and option awards.
Still , that 700 low-tier jobs on average.
Crazy.
Ironically the monarchy works because they don’t rule the nation, they are political neutral and do not mangle with the governing job. But then again that leaves the field open for prime ministers to do as they please subsequently making the monarch a dust in the corner, a party trick to pull forward on major events and a great marketing face for the nation, a double irony.
___
How Many Workers Can You Hire for the Price of One CEO?
http://www.dailyfinance.com/story/ceo-worker-pay-inequality-index/19540733/
to pick the worst:
CVS Caremark (CVS)
Thomas M. Ryan: $30.4 million (2009 Compensation)
Starting Cashier: $8/hour, $20,800/year
One CEO = 1,461 entry-level employees
@mep
Ridle me this: Why is it that when it comes to signaling problems scientist are the worst source to reliy on (according to the msm), while if there is an opportunity to pollute and make money, the scientist are always entrusted with fixing the problem..Nobody ever says ‘Let’s not build nuclear plants because we will have to listen to scientitst!’
sorry @Mep. i know. big thunderstorm coming off lake huron. gonna go stand in the rain. finally some good air coming.
@ ronron – Can’t bring myself to watch it just yet. The following, however, is beyond heartbreaking:
Benzene and other highly toxic contaminants were very low however the concentration of propylene glycol was between 360 and 440 parts per million. Just 25 parts per million is know to kill most fish and propylene glycol is just one of many ingredients found in Corexit.
I don’t think there is a word to describe what that means. Heartbreaking doesn’t do it. Nor does devastating.
@ Mother Earth – Yep, and I have no confidence that even a drastic foray into bioengineering would be enough to get through to some people (and some governments) that we desperately need to cut emissions and work on that at the same time. Too many would feel safe sitting on their asses waiting for the bioengineering “geniuses” and their methods to save us. Much as they are right now (sitting on their/our asses), only now, we’re not really even waiting on anyone to save us; we’re just sort of waiting for governments to admit the scale of the looming crisis.
Random aside, I just picked and ate my first bush pickle cucumber (shared half w/ my husband; we always share the 1st of each of our mature veggies). It was delicious.
I read this news today and found it extremely disturbing: “Pfizer Spies Find Spanish Villa in Fake Viagra Bust”
http://www.businessweek.com/news/2010-07-08/pfizer-spies-find-spanish-villa-in-fake-viagra-bust-update1-.html
That means corporations are now above the law and have the right to raid a suspect’s house???
I just want to make sure it doesn’t do unnoticed.
must see video at zero hedge. corexit. fuck
http://www.ca-cib.com/deals/calyon-sole-bookrunner-and-joint-lead-manager-of-a-gbp-596-million-synthetic-securitization-on-behalf-of-hypo-real-estate-bank-international.htm
Russia and Germany getting even cosier lately ! …
Paper Gold vs the Dollar? Interview with James Rickards
July 7, 2010
…
… The IRA: Global quantitative easing? So the old problem remains, namely supporting global growth. So here is the question going back to the EU: If you are Poland or the Czech Republic, do you align with NATO and the Europeans or cut a deal with Moscow? Does this SDR-based exit fantasy of Robert Rubin and Tim Geithner exist alongside the resurgent euro?
Rickards: I think you already see in formation a German-Russian axis. Merkel and Medvedev have been very active in their discussion. I can’t think of two economies in the world that are better matched than Germany and Russia. The former is an export technological powerhouse, Russia is a commodity producer and importer of technology. Russia has a credibility problem, but combined with the EU they would become the new alternative to the dollar….
…
http://us1.institutionalriskanalytics.com/pub/IRAMain.asp
“I can’t think of two economies in the world that are better matched than Germany and Russia. ”
I agree 100%
@Mep … weed killer in the water.
Bingo !
After trying to buy Sodium Chlorate ( old fashioned Weed Killer ), I discovered it had been BANNED from sale by the EU …. mixed with sugar , you could make bombs instead !
The reason I tried to buy it was that I was fed up paying 10 Euros for 100 ml. … whereas sodium chlorate used to cost ca. 50 cents per Kg. which would give you about 25 litres of weed killer !
Same ( banned ) happened to Hemp and Colloidal Silver .
“FRANKFURT (Dow Jones)–The country’s financial markets stabilization fund said Thursday it had created an external holding pool in which it would transfer up to EUR210 billion in toxic assets from troubled real estate mortgage financier Hypo Real Estate Holding AG.
In January, SoFFin had announced its intention that it would create such a holding pool, or a so-called bad bank, for Hypo RE assets. The transfer of toxic assets into the bad bank, called FMS Wertmanagement, will take place in the second half of 2010, SoFFin said.
Hypo RE was struck by a liquidity crisis in 2008 and required more than EUR100 billion in government support to stay afloat before it was nationalized.”
http://online.wsj.com/article/BT-CO-20100708-708537.html
Germany’s AIG?
why would the BIS take gold? its of no use. right? ronron
Gold’s value beyond its commodity use is based on the human race’s inability (so far) to implement money properly. Keynes said that gold was a barbaric relic and he is correct. Unfortunately, Keynes also enabled the current money-for-debt scheme (fractional reserve lending) which is worse than barbaric. A return to gold based money is nothing to cheer about.
We could move on to liberty in money creation backed by the rule of law, if we chose to, and leave the BIS looking like barbarians.
sea shepard. http://www.youtube.com/watch?v=hV0TnjnuFww&feature=youtu.be
@Mep
Nice link, it’s a drop in the ocean. If people don’t get the problem then the solutions can actually be dangerous.
why would the BIS take gold? its of no use. right?
@Van … BP no longer “British”
Yes .. IIRC, I was the first to mention that here some weeks ago.
It’s not even called “British Pertroleum” any more … “Beyond Petroleum” AFAIK !
More fun pieces re: profits over people (and government collusion with corporations at our expense): weed killer in the water.
CBO: Climate bill to the deficit rescue. The health care legislation, if done right, would’ve cut into the deficit considerably, but we all know how that went . . . so can’t wait to see what the full scope of the climate bill entails.
@Van. sovereign debt means no more country’s. just names on a map.
@Mother .. Bible Belt … G*d help us !
LOL !
@frances … Stress Test Scam … of course it is ( a scam ) !
Evolution is a man made reality. They will continue to dehumanize us.
I thought BP was a foreign company but the largest shareholder is JP Morgan (American interest) at 29% (British interest at 8%)–maybe that’s why Obama hasn’t done anything regarding the oil spill. Also there was a story that Mary Landrieu (Gov-LA) receiving BP money (#15 on her list of donors) thru out her political career. Funny that I saw that JP Morgan was #2 on her donor list.
–Van
The stress tests are a sham:
http://www.businessweek.com/ap/financialnews/D9GQVLLG0.htm
That media first amendment thing is somewhat overdone..60 feet is 20 meter? Use a telelens..Mabey they don’t want the smart reporters to get exposed to the poisionous gue..
Get the feeling they are throwing everything at holding gold at and below 1200 seems to be a line in the sand – rubicon.
This is what we are up aginast.. http://www.youtube.com/watch?v=L640vc_XBjk
Good point Crumpet Muncher, can somebody fly over the area with video cameras? Surely, BP doesn’t have rocket launchers on ground to shoot aircraft out of the sky.
Ahhh, the illusion of charts pointing to the “V” shaped recovery.
http://www.businessinsider.com/david-rosenberg-heres-9-charts-that-will-fool-you-into-seeing-a-v-shaped-recovery-2010-7#capacity-utilization-rate-and-the-year-over-year-change-in-nonfarm-payrolls-1
Very good interview. I wish there were 100,000 of Teris out there doing what she is doing. Impassioned, straight forward, no bullshit. Just the facts ma’am. You can tell she is very concerned as an individual. She’s not asleep, bought off by way of focusing on “the American Dream” which hasn’t been around for decades. Again, no Bullshit.
ZeroHedge : Market Talk … Deutsche Post Bank Has Failed The Stress Test
http://www.zerohedge.com/article/market-talk-deutsche-post-bank-has-failed-stress-test
@Stacy:
Lady in Red! Great on you.
@Happy Dick … BIS Gold Swaps etc.
…Another unanswered question is where the European commercial banks got all that gold, “349 metric tons … nearly tripling what the BIS itself owns.” The European commercial banks aren’t known for holding that much metal on their own account. (If you rent a safe-deposit box at a European commercial bank, you might want to check its contents in the morning.)…
I hope he was just joking !
from Mike Krieger …
The Rats are Cornered
…
…
…
… There is a major problem however. Bernanke knows how unpopular he and his fascist institution are right now after all of the crimes they have committed in plain view since 2008. As such, he knows he needs cover for QE2 and that means some sort of deflationary shock that scares the masses and makes many clamor for help like sad, scared little children (we are being conditioned like animals). This is why I think the Fed and others have been fine with the recent market plunge. The only issue for them is they absolutely need gold, silver and other commodities to collapse as well. Bernanke cannot have the S&P500 at 850 and gold at 1,200 and announce QE2. Gold would surge to new highs and it would look horrible. This is why so much emphasis is being placed on getting gold and silver to retreat in a major way via propaganda pieces and also likely surreptitious selling behind the scenes. While there has been a decent pullback, it is nothing close to what they need and I am particularly impressed with how well silver is hanging in. I think this is due to a run on physical silver by investors and the dearth of government or central bank stockpiles to sell in the shadows….
http://www.economicpolicyjournal.com/2010/07/rats-are-cornered.html
Read whole article … interesting.
Gold Swap Mystery (may have been posted earlier)
http://www.gata.org/node/8799
Gold Swap Mystery (may have been posted earlier)
http://www.gata.org/node/8799
More from the ecological holocaust files: tar mats the size of school buses. OMG.
Teri Buhl … great Lady … she knows her stuff.
Great show … and guests .. as usual !
“The most important of English absolutists was the philosopher, Thomas Hobbes (1588-1679) who published two influential works of political thought De cive (1642, 1647) and Leviathan (1651).” (not pre-protestant mind you)
http://history.wisc.edu/sommerville/351/351-172.htm
Fear is always employed by monarchists as the terms for an endearing contract called ‘one set of humans is better than another’.
Fear as a lever is the driving force behind the consolidation of the monarchal power today.
The quasi-relevance of the asserted gulf oil spill to the environment is an example of the capital rule of fear over rational discourse or data in furtherance of the same rule by force by these patriarchal nincompoops called royals.
More:
http://www.democracynow.org/2010/7/8/a_debate_on_geoengineering_vandana_shiva
A great debate about geoengineering. Must say I agree with both Dyer and Vandana Shiva, but ultimately have to side with Shiva b/c she is right: any geo-engineering intervention would be top-down, corporate-controlled, and would be motivated by profit and power. And the various experiments put into place would likely worsen (extend) the problem of massive human die-off and conflict.
Yada yada doo doo…and the royals haven’t cost us anything!
http://en.wikipedia.org/wiki/Commander-in-chief
“But now, instead of discussion and argument, brute force rises up to the rescue of discomfited error, and crushes truth and right into the dust. ‘Might makes right,’ and hoary folly totters on in her mad career escorted by armies and navies.” –Adin Ballou 1846
Then came along the theory that concentration of power is inherently evil. This came in tandem with the theory that God was a far away, disinterested, prime mover. bammbamm
Actually, decentralization was God’s original plan and NOT because He was disinterested:
1 Samuel 8:4-22
In the pre-Protestant days, it was believed that it was God who appointed rulers, or at least, the king was not in power against God’s will. We the people were required to obey, provided we were not coerced to do something, say sinful. This “appointment” did not necessarily mean the king was going to be good; he could have been appointed as a punishment. Then came along the theory that concentration of power is inherently evil. This came in tandem with the theory that God was a far away, disinterested, prime mover. Now that we are ruled by many, rather than get better, (by dispersing power) it gets worse, because it’s easier to point the finger in all directions when anything goes wrong. You can’t find the bad guys. So maybe the Brits need to scrap the whole Enlightenment and go back to the merry old days of England.
@Jason
…The banks should be paid back in kind. They created money out of thin air and lent it at interest. They should be paid back with money of equal value….
Good idea.
a) Just open a bank
b) pay in 10% deposit
c) borrow 100% from the CB
d) pay your bank debt t the other bank
d) declare Bankruptcy
Bing … as F. Beard said !
PS:
In some countries, you only need a few bucks to open a bank !
The Queen could actually sell off some of her tax-free land to buy another helicopter or what-do.
Btw: are the sovereigns the ones behind the BIS?
And isn’t the history of Europe one of ever-evolving germanic tribal warfare? Is that warfare going global now? Sortoff Gothic expansion-waisty pants?
i thought she was a good guest, new-infowise.
Inserting jib jab:
Climate Wars. Worth a watch.
buy on rumor. sell on news. you trust any fucking news? buy metal now.
The thought of Charles being a dictator king. Kill me now
@Amandip Singh,
Yes, that was very cool. Thanks.
The Triffin dilemma no longer applies…interesting. Seems WL thought I was crazy for indicating that a while ago.
Here’s a fascinating discussion of the ims (international monetary system) via the IMF:
“The subsequent move to flexible exchange rates among major economies, suspension of convertibility to gold, and the opening of capital accounts meant that the Triffin Dilemma no longer applied. Nevertheless, the SDR has served the purpose of increasing reserve buffers and facilitating reallocation of global liquidity in times of stress, demonstrated by the SDR 183 billion allocations in mid-2009 and the subsequent transactions among members.”
http://www.imf.org/external/np/pp/eng/2010/041310a.pdf
I would assume the ‘swaps’ had something to do with the above paragraph: funding sdr-liquidity for central banks.
Sovereign wealth funds ARE (privy to sdr liquidity) which accounts for BP’s charity visit to the middle east.
Commercial banks aren’t fluent in sdrs (to my knowledge).
@Stacy:
Would the WSJ correction then be an indication of confusion or an abdication for the search of “truth”?
Stacy,
What do you think of the Nixon article? I glad he didn’t do it we would have had another World War if he had. That dude was very smart and yet very hard to understand.
That was an intense interview. Teri actually scared me a little bit. Anyone have any links to info. about municipal bond defaults? All I can find are old articles from 2008 & 2009 warning of a wave of defaults. The most recent article I found was this one.
@snoot – it’s difficult to tell from all the articles as to whether it was commercial banks or central banks, though obviously they are the same thing anyway and that is evident in this story
@Stacy,
Is the heat so affecting your lovely brain that you are now a Royalist? The problem is the banking cartel, not democracy. I know that with your excellent grasp of history that you know that serious socialism and government spending did not get a hold on the US till after the banking cartel ruined the economy in the 1920′s and 1930s.
Let’s deal with the banking and money problem and not flirt with a return to monarchy.
BTW, the Queen is worth $700,000,000 or so. She should be ashamed to ask for a penny.
Papers reveal the President Nixon in 1969 his first year in office planned a nuclear strike on North Korea.
http://www.guardian.co.uk/world/2010/jul/07/nixon-north-korea-nuclear-strike
@ Crumpet – No. There were restrictions on fly-overs even before the new 60-65-foot rule.
The banks should be paid back in kind. They created money out of thin air and lent it at interest. They should be paid back with money of equal value. Jason
Bingo!
EXCELLENT !
Gold off a cliff!
new lamps for old. paper money for paper gold. the line up is to your right.
Cant hold myself back from posting, it is totally unrelated to this show and finance other than the word “stray animal”
Watch it very interesting….
http://www.youtube.com/watch?v=wqcAvk-qviA&feature=player_embedded
Gold swaps from the BIS are denominated in sdr for monetary authority use: correct? How could there be commercial banks involved?
http://www.bis.org/publ/arpdf/ar2010e.htm
Well, the rule is that no matter how degenerated your behaviour, if you make money you can always find a prostitute to tell you you’re the man
http://tinyurl.com/38bexrt
Another % down..What’s up?
The banks should be paid back in kind. They created money out of thin air and lent it at interest. They should be paid back with money of equal value.
The British Royal family’s surname is not Windsor but it is Gotha. They changed the name during WW1 when Germany’s Gotha bombers were dropping bombs on London. The Goths are the real financial vampires!
BP is looking to sovereign wealth funds for cash:
http://www.reuters.com/article/idUSTRE6671RV20100708
Sovereign wealth funds are privy to the sdr-unit/index.
“Central banks are pawning their gold to the Bank for International Settlements at a record rate, taking advantage of the precious metal’s historically high value to raise cash.
A little-noticed data point at the back of a 216-page report released last week by the BIS shows the international agency has taken 349 metric tons of gold since December—allowing central banks to raise a record $14 billion.
The number surprised the market, which had assumed most central banks had retained their holdings of gold. Instead, the BIS data show that they have been entering these gold swaps—exchanging their gold with the BIS in return for cash, agreeing to repurchase the gold at a later date.
[COMMOD]
The sharp increase in January, when most of the borrowing took place, coincides with a flare-up in worries about a sovereign-debt crisis in Greece spreading throughout Europe. At that time, borrowing costs soared and liquidity tightened.
Some central banks may have begun to fret, and chose to turn some of their holdings to cash as a standby, said Philip Klapwijk, executive chairman of GFMS Ltd., a London-based metals consultant.
“It suggests a bit of a last-resort measure,” Mr. Klapwijk said.
The increase in the use of gold swaps is particularly surprising because central banks have rarely used them for decades, and the amount of gold at the BIS has remained stable for years.
[commod0707] AFP/Getty Images
Central banks of developed countries have relatively easy access to capital and capital markets, while emerging countries have generally been increasing their foreign reserves.
While the use of swaps has no practical implications for the gold market, the report helped weigh on gold prices, which have already come under pressure since reaching a peak last month.
The prospect that the gold isn’t locked up in central-bank vaults as investors thought—and that it may, in an extreme case, be seized and sold on the open market by the BIS—gave some investors pause.
On Tuesday, the most actively traded gold contract, for August delivery, dropped $12.60 per troy ounce, or 1%, to $1,194.80 on the Comex division of the New York Mercantile Exchange. It is now off 5% from its record high hit on June 18.
The BIS report could change investors’ perception of gold as an asset to protect against the impact of global sovereign-debt woes, said Nicholas Johnson, co-manager of Pacific Investment Management Co.’s CommodityRealReturn Strategy Fund, a mutual fund with about $16 billion in assets.
“Originally sovereign financial troubles were taken as unambiguously bullish” for gold, Mr. Johnson said in an email.
“But some are now rethinking this if the gold that sovereigns hold has been pledged as collateral to someone else who has more ability to liquidate those holdings.”
If the central bank that lent the gold is for some reason unable to make good on the loan, the BIS could opt to sell the gold in order to get its money back, which would amount to flooding the market with an unexpected boost to the global supply.
The BIS annual report covers the 12-month period through March. April data show that an additional 32 tons of gold were put up as collateral that month, suggesting further loans were taken out with the BIS, said Andy Smith, senior metals strategist at Bache Commodities Group.
At this rate, the BIS holdings represent the “biggest gold swap in history,” Mr. Smith said.
Central banks probably chose to swap gold for cash with the BIS—which is known as the central bank for central banks—because it is less visible to the market and probably cheaper than a syndicated loan from commercial banks, Mr. Klapwijk said.
Gold is often regarded as a protection against inflation and is thought to benefit from the inflationary impact of governments’ economic stimulus packages. It has also been used as a haven against another financial meltdown.”
and then a correction:
Corrections and Amplifications
The Bank for International Settlements has taken in 349 metric tons of gold since December, mainly in swaps with commercial banks. This article incorrectly says the swaps were with central banks.
whatzup?
http://online.wsj.com/article/SB10001424052748704178004575351421947803404.html?mod=googlenews_wsj
WSJ made a mistake? WSJ leaked a story that was not ‘time-ready’?
Teri Buhl is incredibly sexy when she gets morally outraged.
Yeahhh! Teri rocks!! She is so concentrated and convinced rightly so and invvolved: GREAT!
BP setting laws abroad and the ficking FIFA setting laws in South Africa: it all shows once again how big international coporations govern. So it is there all out in the open.
Perhaps too enthusiastic as the past indicates otherwise, but the interview with Teri really gave me some hope that the momentum could change and that really Timothy G. and ohters could be prosecuted wiht succes. (I won’t hold my breath however…)
You can’t possibly be any good if you are that cheap.
I’ll lead the UK for $50k per year. That’s my offer, take it or leave it.
Is it sixty feet in any direction? Can you fly over it at sixty one feet and happily snap away?
Funny http://www.youtube.com/watch?v=bT9dKPtEX8g
Max is right they should of bailed out the debters not the creditors. If the oligarhcs gave the so far $11 trillion in pledged bailouts to the debters and not the creditors that would translate to about $75,000 for every working American!!! Now talk about an economic stimulous, our economy would be booming.
All the countries need to get togehter and say SCREW YOU to the banks, were not paying our “debt”!!!
Max is right they should of bailed out the debters not the creditors. If the oligarchy gave the so far $11 trillion in pledged bailouts to the debters and not the creditors that would translate to about $75,000 for every working American!!! Now talk about an economic stimulous, our economy would be booming.
All the countries need to get togehter and say SCREW YOU
The UK Monarchy(Blue bloods) set up the imperial private BoE by Royal Charter.
I think it was part nationalised in 1948 after the extremely expensive second world war(Lives lost) and of course money.
It was the USA who lent the British government money, no doubt from the ferederal reserve(another privately owned central bank).
No wonder the BoE was nationalised! After fleecing the banks imperial growth and taking control of huge parts of the planets assets and people(with the imperial army) the assets were shifted into the off shore network and the uk tax payer was left to pick up the pieces. Sound familiar?
@ Stacy
You could also add how a US Military base magically appears in that country too protecting the Reserves
Hey I know a good Idea when I see one
lolololololol
ROFL
Hic
@Namarama. good day to spend with your children. http://www.youtube.com/user/jbyeats
(1) Those first two stories, Stacy, were ugly (which is why they deserved publicity). “Like feeding animals”.
WtF?! Would they say that about members of their own family??!?
What happened to the basic tenants of the principles of ethical universalisability?
(2) Max: well “it *was* a democracy…!”
Comedian George Carlin: “You can say what you want about this country; and I love this place. — *I love the freedoms we used to have* I love it. I love that. I love it when it didn’t take a fu*king catastrophe to get us to care about each other.”
(citation: http://www.youtube.com/watch?v=nLRQvK2-iqQ )
blech, sorry about the multiple posts, but this is a good speech:
Chris Hedges explains how the courtier class is paid to maintain the status quo.
http://www.youtube.com/watch?v=y2ZjYnuAGnM
one quote:
“”Washington has become our Versailles, the media has evolved into a class of courtiers…”
For the past three days the BBC have been obsessed with Rambo who is on the loose in the UK
Chief Constable Sue Sim in charge of the hunt has a challenging hair-do
set up for her press events.
Baltic Dry Index has had falls 30 days in a row. It has dropped 54% and is now at 1940.
……………& hows Gold doing today?
Mike
Lets kick tees NWO twerps in ta cahoonas
lololololol
ROFL
Hic
best show so far i think, keep up the good work!! Down with the oligarhcs!!!
@ ronron
tas why I am an athiest
@ Stacy
I got an idea fer ya guys ethier for the show or an article
do a research over IMF loans history viza vi fighting fractions in the country loaned monies
10 years down ta line Voila Debeers is in Africa corporations take over Natural resources
Also member that Somalian pirate incedent ?
MSM never touched the contents in the container of that ship
it had arms and stuff fer some country
I was thinkin of doin it myself
the information must be easily available on the net itself
so ya gotta ties 3 topics together
like what happened to Latvia
A ) the Loan – when which country
B ) magically a civil war or warring fractions emerge & 10 or 15 years pass
no infratstructure developement in tat country
C ) Voila country hasta pay with natural resources Eg Greece wit its islands
PS you could make a comprehensive list of countrys
Peeps will really understand what Sh!t is really going down
PS let me knows watcha tinks.
Hic
@Stacy,
oh thanks, I only know about 5 emoticons in sum total.
Cheers
@Bonn. the job of the church is to instill guilt.
@snoop – it’s blushing; there are actually about 10 different blushing emoticons though; this is the one I like most
@Bonn. think of the IMF as a credit card. once the banks will no longer roll over your debt you have to use your card. higher interest of coarse. your card use soon forecloses on your sovereign utilities. water, hydro, sewage. it’s all planned well in advance. people are led to believe god wants them to pay.
@Stacy,
You’re ahead of the curve on that emoticon, I can’t figure it out.
Any possibility of telling me?
@ Max
Hey that is a neat way to screw the IMF’s plans
the Countrys should just ask the Bankers “Show me somethin Tangible”
I leave the details to yous cause I cant figure out ta sh!t meself
Hic
@Bonn. most of these fuckers are old men close to death. they know there close to death and would like to take us with them.
All countrys should just ask ‘em tee IMF show me what I bought show me somethin tangible
If ya show me CDO’s or CDS etc I got a baseball bat fer ya ya Banker Twerp
@ ronron
Ideally Spain should show the middle finger to IMF
all countrys should get together and tell ‘em F@#K off
I really cant wrap my head around tis NWO phyche
You gotta be insane to think the world is gonna accept a One world Govt
I could’nt care less what the other shmuck is upto
Peeps like billgates and ta likes you have yer billions f@#kin enjoy it
Stop f@#kin around wit humanity Twerp (wit tat vaccine sh!t)
lololol
ROFL
hic
Teri Buhl – I like her nose, shape of face and almost her hair – very paintable.
Oh yes and what she says – direct shooting.
“trillian $ muni bond default coming scare the hell out of the room”
@Bonn. if spain wins, the IMF will give them a 1% discount.
Freakin Walaaa yaamuuu World Cup
Spain beats a team which was scorin 4 Goal per match WTF
lololololol
ROFL
Hic
this good? http://www.youtube.com/watch?v=6p2ZsvZxPzQ&feature=PlayList&p=7394662624E63B99&playnext_from=PL&playnext=1&index=49
@snoop – =>.>=
@Stacy,
btw you and Max do alright too lol.
Frankly, Barney Lied
On June 13th, 2010, during his debate with Rachel Brown in Brookline, MA, Barney Frank claimed that he had “voted against the repeal of Glass-Steagall”. Well, not surprisingly, Barney Frank was lying ― not only did he whole-heartedly support the repeal of Glass-Steagall in 1999, but he remains the major obstacle to its re-introduction today.
@Stacy,
first tv interview, that’s incredible; a thorough investigator and a natural talent.
@snoop diddy – thanks; yes, I think Teri is great too; I believe it was actually her first interview on television; she’s a very good journalist, but she’s fantastic on television, I like how intense her delivery is
“…..the entire system is coming down.”
http://www.larouchepac.com/node/15114
you can’t blame the rating agencies for AAA ratings in 20 mins.
The banks had coupons ‘Your AAA rating within half an hour or your money back!’
They obviously modelled the business on the fast food industry, but calling them McMoodys would be a bit obvious. This was a great interview, Teri rocks.
“Social Disintegration of America Is Getting To Be Obvious”
http://www.larouchepac.com/node/15118
I do not believe a CRASH has occured nor do I see when in the immediate future…I see a slow drawn out unwinding/delevraging…Everyone desperately wants to try to create another bubble…to ride it one more time…the massive amount of liquidity pumped into the global casino was an attempt not to just stabilize the sytem but gin it up one more time…yet that failed…now the dominate powers want to freeze the board and thus the call for austerity
I don’t see a CRASH, I see a new Fuadalism coming forth…as the First world is placed under the same yoke that they gleefully placed the third world under…fire sale of their tangible wealth, removing the social saftey net
amusingly heard an NPR program yesterday where the economist said the only possible way for America to get out of the mess is to become an export platform….”after all the American brand is much desired in the world”
All I could hear is those Nike sweatshops will finally be coming home to American sweatshops
But you are right, and also The Who
http://www.youtube.com/watch?v=Rp6-wG5LLqE
one and two euro coins made from gold? liars.
The UK monarchy is coast effective cause it is doing nothing while the job of greasing the banks is left for the government
@Looking for a crash
The crash already came. It was the oil price market-corner, which was then followed by the stock market. This is similar to the 1869 gold price corner which preceded the Vienna housing bust and stock market crash of 1873.
I would say that derivatives are no different than participating bonds of the era, which were no more than a bet on interest rates with no underlying asset.
Bear market comparisons
http://www.nowandfutures.com/forecast.html#bear_markets
the UK monarchy is the largest owner of the federal reserve. from the american taxpayer they received billions…….they took back the colonies in 1913 and they have been collecting homage ever since
(well “free” but not without cost, of course…)
@ Stacy
I saw that that story this morning and though of you & Max — fiat currency is free after all
Bullion van overturns in Italy, dozens of Italians run into motorway traffic to grab 50,000 euros worth of coins: http://yhoo.it/cydFJH
can’t watch videos at work….but something to look forward to when I get off…even with official unemployment hovering at 11 -12% where I live (truth is if one considers discouraged or under employed it is pushing the high 20s) we still manage to break the daily 120-150K mark…there is a HUGE disconnect from reality
great piece by my brethern Joe Bageant (southern white poor lefty)
http://www.joebageant.com/joe/2010/07/waltzing.html
there is this unease in the air that the system has come undone…but everyone just wants to just gin it up a little more hoping they can least ride it out till their grave…”don’t man the life boats just one more dance the band is playing it is soooo nice”
Actually a dinner of Bonn’s heritage — a (surprisingly) tasty Tandoori Chicken (home made not out of a jar, btw) accompanied by a spinach, broccoli, pea & potato curry with plain Basmarti rice with a sprinkling of turmeric.
I don’t cook Indian very often (Japanese & Italian is my first fallback preference), but when I do, I remember why I do!
@Majestic – what’s for dinner?
@ Stacy, something like that. I’ve firsted a few times this week, and I can assure you I don’t sit here and hit the refresh button (I was waiting for my dinner to finish cooking!)
@Majestic – what does that mean? were you thinking I was about to post this?
Hit the psychic refresh button at the right time again!