Cornering Cocoa, Plunging Gold, Stealing Dreams and Ripping up Pavement & Raising Chickens

Posted on July 18, 2010 by stacyherbert| 130 Comments

Stacy Summary: It seems that the only market ‘participants’ in any asset are manipulators and governments who take the other side of the trade on our behalf.

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130 Responses to Cornering Cocoa, Plunging Gold, Stealing Dreams and Ripping up Pavement & Raising Chickens

  1. Giuseppe Bagodonutti | July 19, 2010 at 4:07 pm |

    @RedZebra…

    Hmmm… The computer models did not expect >2 standard deviations from their predictions on the Antarctic ice growth though…

    it is OUT of the range of their model (based on 1979-2000 data)…
    But, what does that prove? not much…
    except that the models are not perfect, which is to be expected considering my earlier points about the Non-linear dynamics…

    So I will agree their predictions are reasonable, but NOT correct…
    If they were “correct” we wouldn’t see such growth occurring, especially considering the MILD winter we had in the northern hemisphere…
    (and the Southern Hemisphere had the hottest summer on record)

    Under such conditions, what does logic dictate?
    the ice shouldn’t be growing that much, eh?

    then again, perhaps when the Rollover on the chart occurs, there could be greater loss on the Antarctic ice than expected?
    time will tell…
    and I’ll continue to pay Carbon Taxes because of suspect computer models and easily spooked politipigs… :lol:

  2. Bonn | July 19, 2010 at 2:46 pm |

    First Amendment Under Attack — Feds Shut Down 73,000 Blogs

    First Amendment Under Attack — Feds Shut Down 73,000 Blogs

    US shuts down 73,000 blogs
    http://www.google.co.in/search?hl=en&source=hp&q=US+shuts+down+73%2C000+blogs&meta=&aq=f&aqi=&aql=&oq=&gs_rfai=

    You better watch all those Links before its too late
    http://blogcritics.org/politics/article/first-amendment-under-attack-feds-shut/
    First Amendment Under Attack — Feds Shut Down 73,000 Blogs
    Under the provisions of the Digital Millennium Copyright Act passed in 1998 the Obama administration has shut down 73,000 blogs this week which were hosted on the Blogetery.com WordPress based hosting service. Initially the target was a small group of sites which were incolved in illegal file sharing, but ultimately a request was issued to BurstNet, the Blogetery.com’s hosting provider, to shut down the entire network of 73,000 blogs, most of which were engaged in no illegal activity, including harmless sites like Science Experiments for Kids and political sites like Tea and Politics.
    This is the first use of the DMCA on this scale and it has frightening implications for the future. Under the act no warrant or any kind of due process is required because the government makes its request directly of the ISP involved and can penalize it administratively if it fails to comply. There is no standard for proof of illegal activity and the target of the action has no protection under the act. Many on both the right and left are concerned that this could lay the groundwork for the shut down of political sites critical of the administration, either arbitrarily or as part of some future campaign finance or net neutrality legislation.

    Read more: http://blogcritics.org/politics/article/first-amendment-under-attack-feds-shut/#ixzz0u8Mpb9wS

  3. frances snoot | July 19, 2010 at 2:16 pm |

    @Bonn:
    WE are HERE. WE are HERE. WE are HERE.

    @RawnRawn:
    http://market-ticker.denninger.net/archives/2511-Oil-Spew-Update-Wheres-The-Doom.html

    @MizzHerbert:
    Hope y’all had a good time sippin’ wine with them French persons.

  4. Tamir | July 19, 2010 at 1:54 pm |

    @MirrorMirror,

    Incredible post! Thanks.

  5. Bonn | July 19, 2010 at 1:17 pm |

    @ Stacy
    what ya mean whats up
    US Govt. thinks 73000 bloggers have no right to free speech
    Hic ;-)

  6. stacyherbert | July 19, 2010 at 1:12 pm |

    @Bonn – we were on train back to Paris; here now, what’s up?

  7. ronron | July 19, 2010 at 1:06 pm |

    @Bonn. hi y’all.

  8. Bonn | July 19, 2010 at 1:04 pm |

    SHUTDOWN OF THE NET BEGINS!!!
    http://www.youtube.com/watch?v=LtQE9tu-1QM
    Hic ;-)

  9. Bonn | July 19, 2010 at 1:01 pm |

    Hello is tear anyone tear ???????
    Hic ;-)

  10. Bonn | July 19, 2010 at 12:59 pm |

    @ Stacy & OR Max
    Are ya guys awake ????????
    Hic ;-)
    Rawnrawn tey attackin tee internet nows

  14. Bonn | July 19, 2010 at 12:49 pm |

    MY COMMENT IS NOT GETTING POSTED

  15. MirrorMirror | July 19, 2010 at 12:30 pm |

    Special Report- The Secret Engine Behind China’s Housing Bubble- The Ponzi Shark Loan Finance

    http://israelfinancialexpert.blogspot.com/2010/06/special-report-secret-engine-behind.html

    + Videos

  16. Bonn | July 19, 2010 at 12:28 pm |

    @ Stacy & mAx
    I have a favour to ask
    because of this
    http://www.rkdn.org/u-r-next.asp
    “First they came for the Jews and I did not speak out because I was not a Jew.

    Then they came for the Communists and I did not speak out because I was not a Communist.

    Then they came for the trade unionists and I did not speak out because I was not a trade unionist.

    Then they came for me and there was no one left to speak out for me”

    You hafta talk about “the obama deception” censoreship on RT or before you know it maxkeiser.com might get censored
    Regards;
    Bonn

  17. MirrorMirror | July 19, 2010 at 12:14 pm |

    No surprises here :

    Moody’s Cuts Ireland’s Credit Rating
    By MATTHEW SALTMARSH
    Published: July 19, 2010

    …Moody’s Investors Service downgraded Ireland one notch, to Aa2 from Aa1, although it remains comfortably above junk level. Moody’s also changed the outlook on the ratings to stable from negative….

    http://www.nytimes.com/2010/07/20/business/global/20punt.html?_r=1&src=busln

  18. Seosamh O'Gallunai | July 19, 2010 at 12:04 pm |

    Fear and Denial walk hand in hand!

  19. ronron | July 19, 2010 at 11:51 am |

    well folks. carl’s not having any of the dangerous oil spill either. denial is rampant.

  20. Seosamh O'Gallunai | July 19, 2010 at 11:51 am |

    Some quotes about Jim Larkin by Dr.Emmet Larkin. The link beetwen poverty,lack of education and addiction which serves thise who would rule was well recognised even then. At the turn of the 20th c in a British Government report of the time living conditions in Dublin were worse than the’Black Hole of Calcutta’ duing the same period! With the unfashionable ness of the Trade Union Movement, vast wealth and Incomeand education gaps and the depoliticising of the Irish in general addiction of all kinds, Alcohol, Drugs, Food etc., is rising hugely again. Mos young people think that the basic working week was always 40 hours. Actually it was70-80 hours. Jim Larkin was responsible in Ireland for the 40 hour week.

    ‘When Larkin first arrived in Dublin in 1907 he was shocked at the degradation of human life in the capital city of Ireland. Some 26,000 families, or nearly a third of the people of Dublin, lived in 5,000 decayed tenements. Death, disease, immortality, insanity, crime, drunkenness, unemployment, low wages, and high rents formed an integral part of Dublin slum life. By founding the Irish Transport and General Workers’ Union, Larkin was able to do something about raising the workers’ wages, shortening their hours, and improving their working conditions.

    But Larkin attempted to make his Transport Union something more than an instrument for the material advancement of the workers. He made it a vehicle for their social and cultural improvement as well. When the Transport Union acquired Liberty Hall as its headquarters in early 1912, the old hotel was transformed into a centre for the social and cultural activities of the Union.

    The crowning achievement, however, of Larkin’s imaginative social and cultural efforts was his rental of a house and three acres in Clontarf as a recreation centre for the Union members and their families.

    These were the reasons why Larkin was the idol of the Dublin working classes. He gave them more of his time, his energy, and himself than anyone had ever given them before. He gave them a social life besides the public house and the tenement stoop or window. And he brought a measure of hope and happiness into their narrow lives by providing them with new outlets for their neglected humanity. The achievement was modest because the resources were slender, but a great deal was done with very little where nothing had been before. ” When I came to Dublin I found that the men on the quays had been paid their wages in public houses, and if they did not waste most of their money there, they would not get work the next time. Every stevedore was getting ten per cent of the money taken by the publican from the worker, and the man who would not spend his money across the counter was not wanted.
    I have tried to lift men up out of the state of degradation. No monetary benefit has accrued to me. I have taken up the task through intense love of my class. I have given the men a stimulus, heart and hope which they never had before. I have made men out of drunken gaol-birds.”

  22. Bonn | July 19, 2010 at 11:12 am |

    freakin they removed “The Obama Deception” from You tube

  23. MirrorMirror | July 19, 2010 at 10:47 am |

    RT : CrossTalk on NWO: Reality Check

    …In this edition of Peter Lavelle’s CrossTalk he asks his guests if the ongoing financial crisis is part of a historic shift of rearranging the global order….

    http://www.youtube.com/watch?v=rg-rGGrYoBY

  24. Redzebra | July 19, 2010 at 10:36 am |

    @Giuseppe re antarctic ice increase, from the page you linked to:
    “the differences between Arctic and Antarctic sea ice trends are not unexpected. Climate models consistently project that the Arctic will warm more quickly than the Antarctic, largely due to the strong climate feedbacks in the Arctic”. So despite the fact that you don’t believe in these computer models, they are able to project both local ice increases and decreases correctly.

  25. In the end, we are all damned | July 19, 2010 at 10:29 am |

    @common sense
    that is a tough tough question for anyone to answer but yourself, as you have to live with the consequences. some random thoughts – (1) it depends on the “kind of degree” you are getting – something technical helps, (2) college degree unemployment (5-6% or so) is significantly different than high school (as a statistic) but that is also for those who have experience or “experiences”, (3) a college degree does seem like a high school degree these days, (4) one could argue winning meant being in the top 50% (past), as we move forward, it seems that that percentage decreases, sure thing is only top 1% (approx that with masters, phd), (5) by getting a degree you “diversify” since you have significant investor position in metals, (6) can’t get a masters without a bachelors, (7) if invest at $1.2k for gold and gold goes to $5k – that is 3x – a degree may mean employment or no employment (even if $10hr), (8) what is more valuable than a mind, intellect for employment, (9) what about starting some kind of business, (10) life is all about accomplishing one after another – note max and stacy and all their work, a degree is one (but only one) accomplishment – you won’t stop there, regardless may want to add accomplishments, (11) …

    some ideas out on the table

  26. MirrorMirror | July 19, 2010 at 10:16 am |

    Water Samples Prove Toxic, Sample EXPLODES! Must Watch!!
    17th. July 2010

    http://www.youtube.com/watch?v=SekmdPCAQ0U

  28. Daniel S | July 19, 2010 at 8:49 am |

    I am going to take a wild guess that the cocoa was purchased by Ritter.

    I think Coca-Cola is a difficult company to boycott.
    How many people who are clued in enough to boycott are so clued out as to be drinking fructose (a toxin) sweetened and caffeine loaded beverages?
    A large portion of Cola sales are through outlets where they have a monopoly, such as being the only cold beverages in a convenience store, the only pop on tap in an entire fast food chain (which again is frequented only by idiots), or the only pop in a sole vending machine.
    I’m reminded of the artist who took his money from a bank that wouldn’t give him a loan, only to put it into their parent bank. These McDonald’s “diners” who eat factory farm, antibiotic fed, growth hormone injected, feces familiar “beef” are supposed to be educated to know that Barq’s is a Coca-Cola product and Minute Maid isn’t orange juice? FAT chance. Well actually. FAT is probable, but the chances of accomplishing this feat are poor.

  30. flicks | July 19, 2010 at 8:07 am |

    @mep – here as well -

    http://www.independent.co.uk/opinion/commentators/johann-hari/johann-hari-how-goldman-gambled-on-starvation-2016088.html

    I came across something very unusual in the art world just recently. A chap called Pablo Helguera who has/does work in senior positions in important art institutions – Guggenheim and New York Museum of Modern Art made a request for people to write to him (as part of an art project for an organisation called smackmellon) http://www.smackmellon.com Here is what he says :-

    Dear friends, Please write to The Estheticist! The Estheticist is a correspondence service that provides free guidance and answers questions about the visual arts profession. Questions may relate to professional dilemmas (how can I approach my curator friend to include me into a show without being pushy?), ethical issues in the art world (should I curate myself into a show?), conflict of interest-scenarios (should I curate my boyfriend into a show?), basic skills questions ( how does one enter into the biennial circuit?) practical matters (should I move to Berlin?) or serious theoretical issues (is social practice art nothing but a rehash from the 70s?). The project is part of Smack Mellon’s exhibition Condensations of the Social. Write us with your question to [email protected]. WE WILL RESPOND TO EVERY SINGLE INQUIRY. The answers to all questions will be made available at Smack Mellon on July 17, at 3pm, where we will read a selection of these questions at a live program entitled The Art World Home Companion. You in turn will be publicly acknowledged for your question, except if you prefer to remain anonymous. We see this as an urgent service and platform of communication for emerging artists, curators, arts educators, and art writers. We look forward to your inquiries, and hope to see you at the live event on the 17th! all best Pablo http://pablohelguera.net/2010/06/the-art-world-home-companion-2010/ http://smackmellon.org/index.php/exhibitions/current/

    Now I looked at the funders of smackmellon guess what – they are funded by Goldman Sachs and JP Morgan (oh dear me) Now those high up in the art world pretty much only associate with themselves and of course very rich people who fund and buy art. So this is pretty much un-heard of.

    Everyone – feel free to email this chap explain the issues with being funded by the likes of Goldman Sachs and JP Morgan, you know why ? Because the money men of banks , hedge funds go to art to morally launder themselves – to socially step up the ladder I very much doubt many or even any in the art world understand financial terrorism and incentivised destruction via CDW’s & CDO’s If they did high up art world people could manipulate/change their behaviour . But they have to have the moral balls to put it to them.

  31. Common Sense | July 19, 2010 at 8:04 am |

    Here’s a question for Max, Stacy or anyone else that would like to answer:

    I am about 4/5 done my undergraduate degree in business administration for university. Do I pay the remaining $5000 and get my degree which could take a year or 2.

    Or do I put that $5000 towards gold and go get some $10+ job at a grocery store and put most of my cheques towards precious metals. (Which means, I never go back to university and take my chances with precious metals.)

    Disclaimer: I’ve already invested much of my wealth into precious metals. Under $20 000 but over $10 000.

  32. dan valley | July 19, 2010 at 7:34 am |

    All Out War! Gun battle on the Texas Border!

    http://www.youtube.com/watch?v=c8Q0_Hd0Vrc&feature=player_embedded

  33. Mother Earth | July 19, 2010 at 7:00 am |

    @ Giuseppe Bagodonutti

    Please. You serious? Gorw a brain, some eyes and ears and start using them..

  34. Youri Carma | July 19, 2010 at 6:08 am |

    Also funny to see how hypocritical Bloomberg is when they are very critical about the European stress test while Geithner was fooling the public said noting!

  35. Youri Carma | July 19, 2010 at 5:59 am |

    IMF same exact four-step program.

    1 Privatization ‘Briberization.’

    2 IMF/World Bank capital market deregulation allows investment capital to flow in and out the “Hot Money” cycle.

    3 Market-Based Pricing, a fancy term for raising prices on food, water and cooking gas

    4 IMF and World Bank call their “poverty reduction strategy”: Free Trade- “The IMF riot.”

    http://www.gregpalast.com/the-globalizer-who-came-in-from-the-cold/

  36. Youri Carma | July 19, 2010 at 5:59 am |

    wikileaks: Real change begins Monday in the WashPost. By the years end, a reformation. Lights on. Rats out.

  37. Youri Carma | July 19, 2010 at 5:54 am |

    Conclusion: Because money is so cheap the sheisters are able to buy up the whole world with their funny money and we are gonna pay for this.

    Somtin I predicted a year ago that the sheister banksters and hedgefunds would drive up food prices! More of this insanity to come!

    Global food bubble on the way? http://www.youtube.com/watch?v=344elODZbAY

    Regulating derivatives could lower price of food http://www.youtube.com/watch?v=Q902BFhlx38

  38. Youri Carma | July 19, 2010 at 5:48 am |

    Interesting find of carlee: http://www.alibaba.com/buyofferdetail/103173357/Buy_Cocoa_Beans.html

    I am ready to buy 360 Metyric Tones of High Quality Cocoa Beans of Ivoory Coast Origin Only.I am not prepared to import other then Ivory Coast.I represent a very large buyer in China and I have agreements with him.

    Final Delivery: Shanghai – ChinaPayment

  42. SAO | July 19, 2010 at 5:25 am |

    This was a sobering interview on the Gulf oil situation. Wake up call.

    http://archive.kpfk.org/parchive/mp3/kpfk_100715_170004dbriefing.MP3

    I had to stop when the second interviewee mentioned Boots and Coots clean up. I hope to hell she realizes that Haliburton bought Boots and Coots 10 days before the oil rig explosion. I will listen to the rest later. Over load.

    Interview from this site:
    http://www.thetruthseeker.co.uk/index.asp

  43. Youri Carma | July 19, 2010 at 5:25 am |

    Fed’s volte face sends the dollar tumbling by Ambrose Evans-Pritchard http://www.telegraph.co.uk/finance/currency/7893238/Feds-volte-face-sends-the-dollar-tumbling.html

  48. Youri Carma | July 19, 2010 at 4:56 am |

    BP, government disagree over keeping well capped http://www.marketwatch.com/story/bp-government-disagree-over-keeping-well-capped-2010-07-18

    - New cap still seeping

    - Methane” detected near the broken well

  50. dan valley | July 19, 2010 at 4:47 am |

    @youri..Hungary won’t go bankrupt; IMF has plenty of resources to deal with it. Just a question of the program imposed

  52. Youri Carma | July 19, 2010 at 4:44 am |

    IMF and EU defer talks with Hungary http://forum.prisonplanet.com/index.php?topic=180223.0

  53. Youri Carma | July 19, 2010 at 4:36 am |

    Leak could be shut off next month 18 July 2010 http://forum.prisonplanet.com/index.php?topic=180221.0

    - Still some uncertainties about the operation

    - There had been bubbles detected around the well

    - Lower-than-expected pressure readings

  54. SAO | July 19, 2010 at 4:36 am |

    @Youri Carma

    Your welcome and thank you for all your great info you share as well.

  55. Youri Carma | July 19, 2010 at 4:21 am |

    IMF seeks $250bn boost to lending resources http://forum.prisonplanet.com/index.php?topic=180219.0

  56. Brad | July 19, 2010 at 4:08 am |

    @max–
    a few weeks back in an effort to demonstrate the unbridled POWER of the Max Keiser machine I emailed the sugar plum cake shop and asked how I could wire/PayPal them some money so that Max could have some cookies. They never replied. I just tried again. Hopefully they will reply with a paypal address this time. Or perhaps just mail them a check? I am in Lis Angeles….

  57. GGees | July 19, 2010 at 3:55 am |

    Hey guys guess what was in the recent health bill, a clause which requires coin dealers to register with the FED every coin gold silver purchase over $600. Confiscation cannot be far away, George Orwell would be proud!

    http://www.economicpolicyjournal.com/2010/07/serious-tracking-of-americans-begins.html

  58. Youri Carma | July 19, 2010 at 3:46 am |

    Corexit “Ruptures Red Blood Cells, Causes Internal Bleeding”, Allows Crude Oil to Penetrate “Into the Cells” and “Every Organ System” http://www.sott.net/articles/show/211831-Corexit-Ruptures-Red-Blood-Cells-Causes-Internal-Bleeding-Allows-Crude-Oil-to-Penetrate-Into-the-Cells-and-Every-Organ-System-

  59. Youri Carma | July 19, 2010 at 3:31 am |

    @Giuseppe Bagodonutti

    Yeah, TnX! I am stying the subject for quiet some time now and came to my conclusion based on science even before “Climategate” so I don’t regard myself as a Climatchange skeptic. I know for a FACT that it’s al based on lies.

    One example: Before 1995 there was some warmimg up of the planet Earth but also on all the other planets in the solar system so when I discovered that info I knew for a fact that it was all a fraud. We don not have any SUV’s on Mars (We do have Ruins on Mars btw but that’s a completely other issue)

    Scroll down this page for loads of articles also to page 3 etc …. http://forum.prisonplanet.com/index.php?board=435.40

    @SAO

    That is important info TnX!

    NSA breaks secrecy on its plans for $5.2B expansion 16 July 2010, by Daniel J. Sernovitz Staff (Baltimore Business Journal ) http://baltimore.bizjournals.com/baltimore/stories/2010/07/19/story7.html

  60. Giuseppe Bagodonutti | July 19, 2010 at 2:55 am |

    @Underfundedmentalist

    Meanwhile, the Antarctic ice cap is growing faster than expected…

    Wacky, isn’t it?
    http://nsidc.org/arcticseaicenews/

    I feel that the problem in this whole debate is that COMPUTER-MODELS that use Linear Formulae to explain a Non-linear Dynamic System (i.e. Climate) are given far too much credibility…
    The danger is that politicians are forcing EXPENSIVE policies unto the populace for something that is NOT in our ability to control, never mind completely UNDERSTAND…

    I’m still paying a Carbon Tax in BC, Canada because of this…
    And where is that money going? :lol:

  61. Brandon Sanks | July 19, 2010 at 2:42 am |

    Dan,
    The US too will be forced into austerity the market will demand it.

  62. dan valley | July 19, 2010 at 2:19 am |

    Civilization so complex now that marginal cost of improvement is huge. Requires vast inputs of energy for small gains; presages collapse

    Democrats blame Republicans for not destroying the dollar fast enough. http://politi.co/9hZFkz

    U.S. can produce, it’s just that marginal cost very high while debt is compounding faster, so can’t produce enough to pay debts

    Biden channels krugman http://politi.co/9hZFkz. As if to say, “sorry we didn’t waste your money faster than we did.”

    krugman wants to stick a pencil in his eye at the mere thought of prudent fiscal policy http://nyti.ms/bUjZv4

    The first inklings of the gold backed money we all know is coming http://bit.ly/ajq5WB

    Sounds like IMF is borrowing Hank Paulson’s Bazooka. How’d that work out? IMF seeks $250bn boost to lending resources: The International Monetary Fund is seeking commitments by as early as… http://bit.ly/cc3mhS

  63. dan valley | July 19, 2010 at 2:18 am |

    Glad krugman got technical because it reveals the flaws. No concept of volatility of velocity http://nyti.ms/cIQLYT

    China Navy 2-Level Development, Access Points: Indian Ocean, Gulf of Aden http://bit.ly/PLANFutu

    Well, you know, when currency collapses krugman able to disassociate himself from chaos based on this. It’s a Prof thing. As the old saying goes…….those that cant , teach.

    No firing squad for Amiri tends to confirm his double agent status. Or does it? http://bit.ly/btSwA1

    The only important Fed policy decision before 2012 is whether they will buy CMBS. Everything else is either priced in or just noise

    CMBS- Of the 960 maturing in next 6 mos 106 are already in special servicing so the Feds have to move fast to buy the remaining 800 closer to par.

    Love this krugman, Galbraith colloquy http://nyti.ms/aOrBSI. Only economists use coal instead of gold in picking a store of value

    Fed has a choice but it will engage in QE2. Question is, does that mean 10yr notes, CMBS, Corporates, etc?

    1920′s gold exchange standard contributed to Depression. But was not the standard per se, was the low $20 price

  64. dan valley | July 19, 2010 at 2:18 am |

    Glad krugman got technical because it reveals the flaws. No concept of volatility of velocity http://nyti.ms/cIQLYT

    China Navy 2-Level Development, Access Points: Indian Ocean, Gulf of Aden http://bit.ly/PLANFutu

    Well, you know, when currency collapses krugman able to disassociate himself from chaos based on this. It’s a Prof thing. As the old saying goes…….those that cant , teach.

    No firing squad for Amiri tends to confirm his double agent status. Or does it? http://bit.ly/btSwA1

    The only important Fed policy decision before 2012 is whether they will buy CMBS. Everything else is either priced in or just noise

    CMBS- Of the 960 maturing in next 6 mos 106 are already in special servicing so the Feds have to move fast to buy the remaining 800 closer to par.

    Love this krugman, Galbraith colloquy http://nyti.ms/aOrBSI. Only economists use coal instead of gold in picking a store of value

    Fed has a choice but it will engage in QE2. Question is, does that mean 10yr notes, CMBS, Corporates, etc?

    1920′s gold exchange standard contributed to Depression. But was not the standard per se, was the low $20 price

    Civilization so complex now that marginal cost of improvement is huge. Requires vast inputs of energy for small gains; presages collapse

    Democrats blame Republicans for not destroying the dollar fast enough. http://politi.co/9hZFkz

    U.S. can produce, it’s just that marginal cost very high while debt is compounding faster, so can’t produce enough to pay debts

    Biden channels krugman http://politi.co/9hZFkz. As if to say, “sorry we didn’t waste your money faster than we did.”

    krugman wants to stick a pencil in his eye at the mere thought of prudent fiscal policy http://nyti.ms/bUjZv4

    The first inklings of the gold backed money we all know is coming http://bit.ly/ajq5WB

    Sounds like IMF is borrowing Hank Paulson’s Bazooka. How’d that work out? IMF seeks $250bn boost to lending resources: The International Monetary Fund is seeking commitments by as early as… http://bit.ly/cc3mhS

    Comment being reviewed

  65. dan valley | July 19, 2010 at 2:15 am |

    Well if you all remember just a short while back Kraft and Hershey trying to buy out cadbury…it all makes sense…comfort food is a comodity now.

  66. Pineapple | July 19, 2010 at 1:48 am |

    Ha Ha! The forces of vanilla will triumph!

  67. dan valley | July 19, 2010 at 1:46 am |

    Glad krugman got technical because it reveals the flaws. No concept of volatility of velocity http://nyti.ms/cIQLYT

    China Navy 2-Level Development, Access Points: Indian Ocean, Gulf of Aden http://bit.ly/PLANFutu

    Well, you know, when currency collapses krugman able to disassociate himself from chaos based on this. It’s a Prof thing. As the old saying goes…….those that cant , teach.

    No firing squad for Amiri tends to confirm his double agent status. Or does it? http://bit.ly/btSwA1

    The only important Fed policy decision before 2012 is whether they will buy CMBS. Everything else is either priced in or just noise

    CMBS- Of the 960 maturing in next 6 mos 106 are already in special servicing so the Feds have to move fast to buy the remaining 800 closer to par.

    Love this krugman, Galbraith colloquy http://nyti.ms/aOrBSI. Only economists use coal instead of gold in picking a store of value

    Fed has a choice but it will engage in QE2. Question is, does that mean 10yr notes, CMBS, Corporates, etc?

    1920′s gold exchange standard contributed to Depression. But was not the standard per se, was the low $20 price

    Civilization so complex now that marginal cost of improvement is huge. Requires vast inputs of energy for small gains; presages collapse

    Democrats blame Republicans for not destroying the dollar fast enough. http://politi.co/9hZFkz

    U.S. can produce, it’s just that marginal cost very high while debt is compounding faster, so can’t produce enough to pay debts

    Biden channels krugman http://politi.co/9hZFkz. As if to say, “sorry we didn’t waste your money faster than we did.”

    krugman wants to stick a pencil in his eye at the mere thought of prudent fiscal policy http://nyti.ms/bUjZv4

    The first inklings of the gold backed money we all know is coming http://bit.ly/ajq5WB

    Sounds like IMF is borrowing Hank Paulson’s Bazooka. How’d that work out? IMF seeks $250bn boost to lending resources: The International Monetary Fund is seeking commitments by as early as… http://bit.ly/cc3mhS

  68. the underfundedmentalist | July 19, 2010 at 1:46 am |

    the polar ice cap melted while we debated global warming,
    and what ever happened with that hole in the ozone, never hear ’bout that anymore, wait and see is not democracy!

    the oilgarchy has spent their subsidies on the best pr campaign to date,
    and it is working all to well

  69. Mep | July 19, 2010 at 1:26 am |

    Hi y’all – Just getting back to the real world after being away for a few days. Wondering if you all had the chance to see the segment from the last Democracy Now! on Goldman Sachs and the Food Bubble???

    If not, you definitely have to watch it! Unfuggingbelievable!!!!!!!!!!!!!!

    Link.

  70. Giuseppe Bagodonutti | July 19, 2010 at 12:57 am |

    @Youri

    (and any other fellow skeptics looking for a collection of SCIENCE-based vids on climate change)

    Check out this playlist…
    (2 vids seem to be dead links, though)
    http://www.youtube.com/view_play_list?p=98875F92E352AC96

    if mAx can watch these and STILL cling to his beliefs, I’d be shocked…
    after all, what is supporting his viewpoint right now, besides Al Gore’s erroneous flim-flam?

    It’s one thing to be critical of Markets, Finance, & Scandal (to which mAx does an excellent job),
    but as is pointed out, economics — and by association, finance — is a soft science…
    So to apply the same methods in being a PROPONENT of AGW is laughable at best…

    I would strongly suggest that mAx refrains from the subject of Climate Change unless he is willing to use his obvious intelligence in actual research of the data, beyond empirical guesstimations based on looking out a french window…
    Then again, perhaps his goal is to lose broader credibility?
    Or maybe this whole stance of his is just for the sake of generating controversy to capture more share of the “Thick-as-a-Brick” Demographic?

    Put THAT on your burrito and smoke it…
    And keep up the “good” work…
    :lol:
    :twisted:

  71. SAO | July 18, 2010 at 11:50 pm |

    NSA breaks secrecy on its plans for $5.2B expansion

    http://baltimore.bizjournals.com/baltimore/stories/2010/07/19/story7.html

    Maybe we can play NSAville?

  72. MirrorMirror | July 18, 2010 at 11:42 pm |

    @alan … Bp oil: the second comment is worth reading

    Interesting as you said.

    Seems to suggest they should have simply crimped the pipe in the first place .. to reduce pressure.
    Why they didn’t ? .. he seems to suggest “too many incompetent people at the top getting involved with the decision process”

    .. or was it all a deliberate catastrophy , knowing they could cap it any time they wanted to …. by using good ol’ common sense and old oil-man experience ?

  73. alan | July 18, 2010 at 11:18 pm |

    I thought the idea was: Increased productivity, due to technology improvements, would allow the average person time for leasure and self fulfillment.
    Instead we have a high number of people employed in sercurity/ military to ensure the others ( the non conected) live worse than dogs.
    The true nature of man shines through

  74. Palantír | July 18, 2010 at 11:17 pm |

    @Stacy – there is this blog in the US on Netanyahu or rather repost of the aljazeera story.
    http://voices.washingtonpost.com/checkpoint-washington/2010/07/netanyahu_america_is_a_thing_y.html

  75. Mademoiselle Maupin | July 18, 2010 at 11:11 pm |

    @ ronron

    Good question.

  76. Mademoiselle Maupin | July 18, 2010 at 11:09 pm |

    @Youri Carma

    I agree with you whole-heartedly. Lesson learned.

  77. ronron | July 18, 2010 at 11:06 pm |

    @Muppin. who’s getting the coffee? that’s the question.

  78. Youri Carma | July 18, 2010 at 11:05 pm |

    @Mademoiselle Maupin

    Well never underestimate the influence you can have on a person.

    I know for a fact that i influenced my friends cause I seem to have nice ideas.

    Remember the scene in back to the Future when he tells his father, in the past, to do somthing with his fiction writings? When he arrives back in the future from the past his pa suddenly became very successful cause he followed that advice.

    The Future is fluent.

  79. alan | July 18, 2010 at 11:01 pm |

    Bp oil: the second comment is worth reading
    http://www.reuters.com/article/idUSN1816543420100718

  80. Mademoiselle Maupin | July 18, 2010 at 11:00 pm |

    Creepy, creepy, creepy!!!!

  81. ronron | July 18, 2010 at 11:00 pm |

    @Youri. Stacy always thanks the masked man and snoot says there are no masked men. the spy thing is back on. is this a good cop bad cop deal? :-)

  82. Mademoiselle Maupin | July 18, 2010 at 10:59 pm |

    Even if this CEO I met didn’t do it…it is kind of a strange coincedence that this is happening now…in regards to the cocoa.

  83. Youri Carma | July 18, 2010 at 10:58 pm |

    This little dandy will reload any tab if activated. (right click suggestion below google search and select ‘reload every’ and pick an interval, then finish typing search term and click search) wacky but it works.
    https://addons.mozilla.org/en-US/firefox/addon/115/

    Hehe…
    https://encrypted.google.com/search?q=obama+deception+censored&hl=en&prmd=nuv&tbs=rltm:1&tbo=u&ei=a3VDTIn1OZW6tgOr4v14&sa=X&oi=realtime_result_group_more_results_link&ct=title&resnum=2&ved=0CCEQ5QUwAQ

  84. Mademoiselle Maupin | July 18, 2010 at 10:57 pm |

    Whoa! This is kind of crazy but last month I spoke to a CEO from a cocoa company and after listening TAM I told him it probably wouldn’t be a bad idea for him to invest in commodity like cocoa…maybe he took my advice a little too seriously….nah…that can’t be? I’m sort of not joking.

  86. Youri Carma | July 18, 2010 at 10:43 pm |

    Fall of the Republic HQ full length version http://www.youtube.com/watch?v=VebOTc-7shU

  87. Youri Carma | July 18, 2010 at 10:42 pm |

    Google “Infowars.com”, “Obama Deception Censored” and “Fall of the Republic” to help Alex to revenge his Obama Deception Censored http://www.prisonplanet.com/the-obama-deception-censored.html

  88. Mark Lytle | July 18, 2010 at 10:30 pm |

    I really liked the Paul Craig Roberts interview and the comment on ‘Peak Jobs’.

    I would like to comment that even including off-shoring, and looking at Global Job levels, which is an admittedly hard (if not impossible) statistic to come up with, I suspect that high technology, which shrank the number of jobs in Agriculture from something 40% of the workforce in the 1930′s to something like 1 or 2% today, is working the same way on Industrial Jobs. Even China will find out at some point, that you can’t employ probably more than 20% of all of China’s workforce in Industrial jobs indefinitely, as technology will keep making more and more goods production possible with fewer and fewer people. Peak jobs in the Global sense is caused by Technology, and the added issue of off-shoring makes this particular painful for the U.S.

    Some people are claiming that Peak Oil will cause a dearth of jobs, but I disagree. It will vastly increase the job base as people go to desperate suburban subsistence agriculture. These new tasks just won’t be called jobs anymore, or even self-employment. It will be called starvation avoidance. James Kunstler, I think, is calling that shot correctly, and it has the added advantage that this employment pattern, because it is miserable, probably won’t be off-shored…It will also be called ‘agricultural post industrial feudalism’….

  89. Youri Carma | July 18, 2010 at 10:30 pm |

    Google “Infowars.com” and “Obama Deception Censored” to help Alex to revenge his Obama Deception Censored http://www.prisonplanet.com/the-obama-deception-censored.html

  90. GGees | July 18, 2010 at 10:25 pm |

    “America is a thing you can move easily” (Netanyahu)

    Bow to your true masters Americans (and Brits )

  91. SAO | July 18, 2010 at 10:24 pm |

    Does Farmville have bankers? Because if they do I am NOT playing. Unless I can lock them in a room and remove the doors. Is this like the old Sims? More like Gulagville or Slumville or FEMAville.

  92. SAO | July 18, 2010 at 10:20 pm |

    Does this mean I should have dumped my gold and bought chocolate?

    Where is gold going? A little down and then up? What? Too many crooks in the stew!

  94. Danny | July 18, 2010 at 9:21 pm |

    Got Robby Kreiger’s guitar plec last night after a concert (he uses a plec only for a few songs), childish I know, buy I’m on cloud nine! woohoo!

    @Mother
    I’m in a chair!

  95. stacyherbert | July 18, 2010 at 8:54 pm |

    @In the End – lol, thanks for the info about omphaloskepsis, hadn’t heard of the proper greek word for it

    @Mother – on a boat? an Amsterdam kind of boat? Or a high seas sort?

    @Tritone – thanks for the 5 mind blowing facts about monkeys

    @Youri – thanks for the Netanyahu video link, if you can find any msm or mainstream blog in US that writes about this story, let me know; I haven’t been able to find one yet

    @F. Beard – hi there! haven’t read Alex Marchand’s Dissolving Dollars, will check it out now though

  96. RGQ | July 18, 2010 at 8:54 pm |

    Very interesting about cocoa….can’t wait to see what will eventually happen with this. Does this mean american policia will have to decide between keeping their usual chocolate donut or switching to a healthier option with the price of chocolate soaring?

  97. F. Beard | July 18, 2010 at 8:46 pm |

    Speaking of alternative currencies, I finished Ellen Bown’s Web of Debt and have nearly finished Alex Marchand’s Dissolving Dollars. I recommend both. Both have good web sites too.

  98. F. Beard | July 18, 2010 at 8:40 pm |

    @Vega Man,

    Yep, that was tres gut!

  99. Vega Man | July 18, 2010 at 8:21 pm |

    http://www.youtube.com/watch?v=ChpdohoLucs

    This kid will blow your mind !

    Vega Man

  101. BigTimesNews | July 18, 2010 at 8:10 pm |

    http://www.bigtimesnews.com says wait until they start trading the radioactive petroleum from the Gulf, …lots of strange things happening. This article connects some of the dots, “What if freedom is no longer a spectator sport.” Read it at Big Times News! Oh yeah, BP stopped the oil leak on day 88; is it a coincidence that Revelations 8:8 is getting so much attention?

  102. Youri Carma | July 18, 2010 at 7:47 pm |

    CIA Black Operations in Iran http://www.youtube.com/watch?v=gCWckIC6wo4

  104. Mother Earth | July 18, 2010 at 7:46 pm |

    @Max and Stacy

    Good practice material: Marc Faber speaking french..

  106. Brandon Sanks | July 18, 2010 at 7:37 pm |

    The inequality is even worse when broken down by race from 1984 to 2007 whites saw their assets grow from $24,000 to $100,000 while blacks barely saw their grow at all. A black friend of mine told me that Reagan set them back 20 years.

  107. ronron | July 18, 2010 at 7:30 pm |

    @MM. read that. the squeeze is coming.

  108. MirrorMirror | July 18, 2010 at 7:18 pm |

    It May Be Your Silver, But We’ll Tell You What You Can Do With It
    Unbelievable, the arrogance of these banks.

    Article thanks to “goodx”@Investor Village :

    …Once they arrived downtown, Aman went in to ask, one last time, if Scotiabank would at least dispatch people outside to do the signing in the car; absolutely not, came the answer.

    They got Mrs. Patel into the commode chair and into the lovely, high-ceilinged headquarters with its polished marble floors they went.

    Ms. McBride asked a number of questions, in my presence. Among them, “Do you understand what this transaction is that is taking place? We’re taking your certificates and giving you the actual bullion? Why would you want to do that? It’s more difficult for you to cart around.”

    At this point, Aman’s seemingly endless store of patience was exhausted and he said, mildly I thought in the circumstances, “That’s none of your business.”

    Ms. McBride said that it was, that “simply putting a POA in place doesn’t give carte blanche,” that the bank had a responsibility too, and asked Mrs. Patel, “Why would you need the physical metal?”…

    http://www.theglobeandmail.com/news/national/christie-blatchford/an-unkind-complicatedness/article1643419/

  109. Indeed | July 18, 2010 at 7:09 pm |

    I appreciate the rhetoric, which is true. But when are we going to get off of our asses and do something about it?

  111. victorkiriakus | July 18, 2010 at 6:15 pm |

    I am a big fan of Max but I was shocked that he approved of banning Dr. Savage from Britain. Whatever one may think of Savage, people should have a right to choose to listen or not listen to him. If Max approves of taking away someone else’s free speech, he has no right to complain when someone takes away his.

  112. ronron | July 18, 2010 at 6:13 pm |

    @Youri. don’t show snoot that utube trash. :-)

  113. IceIce Baby | July 18, 2010 at 6:03 pm |

    Did you see that garbage that Paulson & Co holds? Haaaaaaaaaaaa!

    From looking at those America wealth inequality charts, it is now clear to me that America is already a feudal society.

    From “Mush”: Jeff Kotchounian says he’s used this Ron Paul half troy ounce of silver to get $25 worth of gas from a local station. Haaaaaaaa!

    Now I must dance, Yo, VIP: http://www.youtube.com/watch?v=rog8ou-ZepE

  114. Dennis Black | July 18, 2010 at 5:19 pm |

    the economy in the u.s. was a mess when obama came in, no doubt, but the way he has chosen to approach those problems and the forever war shows that he is nothing more than george w. bush in blackface.

  115. Youri Carma | July 18, 2010 at 4:53 pm |

    Gulf Oil Gusher: No Reason to Believe It’s Over http://www.infowars.com/gulf-oil-gusher-no-reason-to-believe-its-over/

    The Truth about the Gulf Oil Spill, and FACTS to back it up http://www.nwofighters.org/the-truth-about-the-gulf-oil-spill-and-facts-to-back-it-up/

    Strange coincedence or not? Obama says that the oil spill leaked 90 days http://www.youtube.com/watch?v=o6wwb461pQ0 while Web Bot predicted it would spill for 90 MONTHS and will be ended by an eartquake.

  116. Youri Carma | July 18, 2010 at 4:09 pm |

    @Adam C

    TnX! SOB’s!!!!!

    DON’T FORGET TO VOTE IT UP –> Censorship Alert: Obama Deception Illegally Removed from You Tube http://www.youtube.com/watch?v=aKzEjjdRl6s

  117. Youri Carma | July 18, 2010 at 4:05 pm |

    WikiLeaks founder: Site getting tons of ‘high caliber’ disclosures http://www.cnn.com/2010/TECH/web/07/16/wikileaks.disclosures/index.html

  118. Adam C | July 18, 2010 at 3:53 pm |

    Alex Jones:
    Censorship Alert: Obama Deception Illegally Removed from You Tube
    http://www.youtube.com/watch?v=aKzEjjdRl6s

  119. Palantír | July 18, 2010 at 3:47 pm |

    Re: cocoa, sweet sweet beauty.
    Just waiting for the day one of those warehouses demands the buyer to take delivery of the goods.

  120. In the end, we are all damned | July 18, 2010 at 3:42 pm |

    don’t miss the next article in “Jesse”

    It’s the End of the World As We Know It
    1 – great, we have a population that is growing (by leaps and bounds)
    2 – people are not retiring
    3 – we continue automating
    4 – junior..descends into even more of a schlub than before
    5 – got career? (better stay put)
    6 – … (what else)

    AND, how is this not news story #1 – #10

    oh that’s right, because we created those 700,000 census jobs. jobs, my eye, those were 700,000 jobs (not employment) that provided a month of employment for checks ranging from $1000-$2000 (part-time work). hardly call that employment. America was duped…again!

  121. Youri Carma | July 18, 2010 at 3:41 pm |

    Mystery trader buys all Europe’s cocoa (All Articles) http://forum.prisonplanet.com/index.php?topic=180031.0

  122. Youri Carma | July 18, 2010 at 3:40 pm |

    Netanyahu Brags About How Easy It Is To Manipulate The United States (Read English Transcript Under Vid) http://www.youtube.com/watch?v=GQTUNHwFA80

  123. In the end, we are all damned | July 18, 2010 at 3:36 pm |

    re Theft of the American Dream

    YES – I want to live in that country!!! but, where is it?

  124. In the end, we are all damned | July 18, 2010 at 3:14 pm |

    woah – don’t blow us away with too many links – we were on vacation too

    @Max (on dictionary.com)
    If you gain wisdom from staring at your belly button, it’s “omphaloskepsis.”
    I don’t know how it changes if you add in the lint and smoke it or whatever it is you have in mind…

  125. Tritone | July 18, 2010 at 3:04 pm |

    5 mind blowing facts about monkeys in the jungle!

    1) The Silver Back or top gets all the females
    2) the Silver Back or top gets all the Bananas
    3) THe weak monkey takes all the shit from the Silver Back
    4) The weak monkey needs approval from the top monkey for action
    5) the weak monkey has to fight for a place to sleep every night

    It’s time to switch gears into a higher brain circuit…..
    Psychedelic Society is the answer!

  126. FiatMentalist | July 18, 2010 at 3:04 pm |

    So theyre going to get rid of school grades,instead the students will be given “Experience Points” and “Level Up”

    Ding!!!!

  127. Bonn | July 18, 2010 at 2:35 pm |

    Wow what Craaaaaaaazzzzzzzyyyyy head lines
    lolololol
    Hic ;-)

  128. Bigelow | July 18, 2010 at 2:04 pm |

    “Any transaction of coins, paper money bullion ect over $600 is reportable under the new law. When it goes into effect all transactions will be required to be reported on IRS form 1099. ”

    http://www.americanfederal.com/2010/06/rare-coin-reporting-legislation-passes/

  130. Metoo | July 18, 2010 at 1:56 pm |

    oh yessssssssss