Dead Dictators and Rising Yen

Posted on July 22, 2010 by stacyherbert| 47 Comments

Stacy Summary: How much you want to bet that the dead dictator’s gold has been transferred to the only dictator left standing?

This entry was posted in Headlines and tagged gold, portugal, yen. Bookmark the permalink.

47 Responses to Dead Dictators and Rising Yen

Majestic | July 22, 2010 at 11:01 am |

well, I doubt they’d bury it with him!
Mongo | July 22, 2010 at 11:09 am |

” Wolf called his broker and asked about contango. “I don’t know what it is,” he replied. He called his other broker, at Charles Schwab. “He didn’t know either,” Wolf says.

http://www.bloomberg.com/news/2010-07-22/etfs-imperil-commodity-investors-when-contango-conspires-with-pre-rolling.html
Mike/Liverpool | July 22, 2010 at 11:16 am |

Yes, but Gold off to join him!

Stacy, when did Max suss that he shouldn’t try to sing for living?
Mike
ronron | July 22, 2010 at 11:47 am |

aha. the real problem. http://thinkprogress.org/2010/07/20/ben-stein-ui/
ronron | July 22, 2010 at 11:50 am |

is ter anybody ter?
Dedo | July 22, 2010 at 11:53 am |

Mike von Loverpill caught on camera, during a night out ! : )
http://www.youtube.com/watch?v=xcu_uub-tPg
MirrorMirror | July 22, 2010 at 11:53 am |

@ronron … “Ben Stein: The Unemployed Are People With ‘Unpleasant Personalities…Who Do Not Know How To Do A Day’s Work”

LOL !
I guess he’ll be joining the queue soon !
MirrorMirror | July 22, 2010 at 11:57 am |

@ronron

Actually, all the “Establishment Fraud” news is just overwhelming.

It’s amazing that Reporters aren’t even talking about the systemic failure of Government. But then again, I suppose they’re paid to keep their mouths shut aren’t they !
ronron | July 22, 2010 at 12:10 pm |

@MM. well you won’t hear about fraud on TV. it’s shenanigans. fucking shenanigans. that”s what little boys do.
ronron | July 22, 2010 at 12:12 pm |

if you don’t stop those shenanigans, your gonna have a double dip.
Bonn | July 22, 2010 at 12:12 pm |

I tink Obama tinks GS will bail him out again or who ever contributed to his Election campain
They are definately gonna try sometin
Hic
ronron | July 22, 2010 at 12:24 pm |

@Bonn. you need more water.
Danny | July 22, 2010 at 12:26 pm |

“mistakes were made but now going forward we must learn from those mistakes….blah blah blah”

Banks have returned to reckless mortgage lending
http://www.independent.ie/business/personal-finance/property-mortgages/banks-have-returned-to-reckless-mortgage-lending-2267944.html
Bronxy | July 22, 2010 at 12:37 pm |

Looks like the 9 year cycle in gold have toped early and has now failed, means we will have a hole 9 years down in gold. And with the condition of a “one market” gold and commodity’s will go down together with stocks is this great deflationary environment. Only hope for gold is a coming biflation later. Biflation is parts of inflation and deflation at the same time.
ronron | July 22, 2010 at 12:42 pm |

@Bronxy. you could use some water as well.
dan valley | July 22, 2010 at 12:42 pm |

IMF cancels $268 million Haiti debt

http://news.yahoo.com/s/ap/20100722/ap_on_bi_ge/haiti_imf
MirrorMirror | July 22, 2010 at 12:43 pm |

Gerald Celente: Wall Street Boys run the show, only Ron Paul has firm grasp

U.S. President Barack Obama has signed into law the biggest financial overhaul since the Great Depression. The main goal is to prevent another economic crisis. Meanwhile, Gerald Celente, the director of the Trends Research Institute, argued that the banks and Wall Street approve of this bill because it is a white wash. “It does nothing to prevent the coming crash of 2010. The bigs only got bigger,” he told RT.

http://www.youtube.com/watch?v=Kw8KrHkpr_8
MirrorMirror | July 22, 2010 at 12:47 pm |

Einstein said effectively …. “repeating the same mistake over and over again is idiotic.”

Like looking for a job ?
Majestic | July 22, 2010 at 12:54 pm |

@ dan valley

After so many failed World Bank attempts at reducing Global poverty, I’m impressed the IMF have done something sensible and nice.

(Not wanting to be churlish, but It’s not really a lot of money though, in the banker-bailout scheme of things
dan valley | July 22, 2010 at 1:01 pm |

@Majestic….yeah it was big of them considering ….the day is coming that all debt is cancelled or else.
Dedo | July 22, 2010 at 1:20 pm |

There are conditionalities attached to loan cancellation agreements, you dumb-asses,… (no such thing as a free lunch) : )
http://en.wikipedia.org/wiki/Conditionality
Majestic | July 22, 2010 at 1:31 pm |

@ Dedo

So does that make you… a smart ass?
Dedo | July 22, 2010 at 1:37 pm |

@Majestic,….au naturel ! : )
FranSix | July 22, 2010 at 1:40 pm |

A Yen melt-up will have profound consequences for finance in the Asia-Pacific:

http://stockcharts.com/h-sc/ui?s=$XJY:$USD&p=M&st=1980-01-01&en=(today)&id=p26579836264&a=181133547&listNum=2

I wonder if anyone has figured out yet that the Yen is in a bull market?
frances snoot | July 22, 2010 at 2:52 pm |

@DanValleeee:

http://indyposted.com/15588/the-world-pledged-9-9-billion-dollars-today-to-rebuild-haiti/

“The World Bank will commit 250 million dollars in new money for Haiti, for a total of 479 million dollars. That includes a cancellation of all outstanding debt that Haiti owes the global lender. Many other governments also promised to cancel Haiti’s debt to help it recover.”

A gift perhaps? right?
frances snoot | July 22, 2010 at 2:54 pm |

@DanV:
Your linkettes insist that the sdr is a ‘straw man’ but all these new strings for Haiti are coming through the inter-Development Bank or the World Bank Group in sdr index.
frances snoot | July 22, 2010 at 2:55 pm |

Cancellation? hahahaha~ha!
frances snoot | July 22, 2010 at 2:58 pm |

“If previous disasters in other regions of the world serve as precedent, Haiti will gradually recover.”

http://www.iadb.org/features-and-web-stories/2010-07/english/helping-haiti-recover-from-the-earthquake-7421.html

Our monetary authorities are sitting on that nest egg of donations giving by the pure of heart for Haitian earthquake victims. It’s about empire building, not humanitarian relief. Same/same all over.
frances snoot | July 22, 2010 at 2:58 pm |

Maybe Bono should sing-a-song to smooth things out?
frances snoot | July 22, 2010 at 3:03 pm |

“In all cases the IDB coordinates its activities with the Haitian authorities and other donors. As a major contributor to Haiti, the IDB is represented on the board of the Interim Haitian Reconstruction Commission, chaired by President Bill Clinton and Prime Minister Jean Max Bellerive.”

sickening
stacyherbert | July 22, 2010 at 3:13 pm |

@snoot – Bono only sings if the zombie people start to feel the need to do anything meaningful or change the way things operate; when he sings for them and they buy plastic wristbands for him, they think they have done something and then they can go back to worrying about Lindsay Lohan and LeBron James
Pez | July 22, 2010 at 3:21 pm |

Just a comment: Steve Forbes is a Capitalist PIG!
frances snoot | July 22, 2010 at 3:26 pm |

@Stacy:
So true. He is a bird in the gilded cage fed by someone, though. And he does seem to pop up at specific venues:

http://www.youtube.com/watch?v=X3KrdwnlBIs

Federalized-America under the eagle took the world to heights which Bono can eulogize: but what governance under the multilateral exchange system?
Pez | July 22, 2010 at 3:26 pm |

One More…. Ben Stein has a much economic sense as as stinky fart.
frances snoot | July 22, 2010 at 3:52 pm |

Perhaps this kind of governance under the multilateral system?

http://www.mcclatchydc.com/2010/07/21/97915/state-dept-planning-to-field-a.html
evolutis | July 22, 2010 at 4:01 pm |

In a meaureable world wherein we have clear enough understandings to engineer robots – engineer tissue – engineer microbes…one must brood about the atrificial world and a monetary belief, system we obvioulsy do not understand. The long, history shows a series of crisis – let’s simpley end, or perpetuate the crisis. DECIDE

a. politics, religion, money

1. nature, scientific method, emerging technologies
Which subset do u want to build your proof of concept on?…the alpha/numeric indexing under lines the the deep differences, the deep, deep change involved.
evolutis | July 22, 2010 at 4:07 pm |

Ya, spellin’ and key boardin’ would be nice too!
SAO | July 22, 2010 at 4:12 pm |

@Majestic
The way I see it the IMF is just setting the position for the US to totally take over Haiti by “forgiving” the loan. The earthquake was caused by a scalar weapon such as HAARP which the US military controls in Alaska.
The first thing the US did after the earthquake (and they did not respond immediately) was send in the military crowding the airport so medical supplies couldn’t get in.

There is not only natural resources in Haiti such as oil, but it is a strategic position for a military base. That is why the CIA backed coup in 2004 took out democratically elected Aristide. The IMF is basically run by the US. Plus you can’t get blood out of a turnip. Although crooks keep trying.

The cartel does nothing unless they benefit.
Danny | July 22, 2010 at 4:18 pm |

Eh…DAW!!!

Double dip looks doubly certain
Commentary: The economic recovery is just an illusion
http://www.marketwatch.com/story/double-dip-looks-doubly-certain-2010-07-20
Majestic | July 22, 2010 at 4:52 pm |

@ SAO

I’ve reviewed some evidence that HAARP is up to something beyond ‘passive research’. I’m not yet close to being convinced that it can can cause natural disasters.

However I take your other points on essentially geopolitical strategies being a behind-the-scenes motivating factor as a disappointing, real possibility.
F. Beard | July 22, 2010 at 5:55 pm |

“Ben Stein: The Unemployed Are People With ‘Unpleasant Personalities…Who Do Not Know How To Do A Day’s Work” Mirror^2

I see it is blame the victims time. I suppose before they became unemployed they were pleasant and hardworking?

Let me clue you, Ben Stein. Government backed fractional reserve banking is unstable as well as dishonest probably because it IS dishonest.

Good evening Stacy. I did not like your classic Greek gown so much today. You are a classy gal, Stacy. How about wearing some typical office attire occasionally so the wage slaves can dream of a boss like you?
Illinois Brandon | July 22, 2010 at 6:02 pm |

The Vatican supported both him and Franco. They have yet to say sorry to the people of Spain and Portugal for enslaving them to these guys.
SAO | July 22, 2010 at 6:30 pm |

Ben is a jerk. He says some of the dumbest things.

He was a speech writer and lawyer for Nixon.
Geezer of Nazareth | July 22, 2010 at 8:15 pm |

@Majestic

“After so many failed World Bank attempts at reducing Global poverty”

thanks i needed a laugh after the day i had…..
Portuguese | July 22, 2010 at 10:48 pm |

We lost a few tonnes, a few years ago. Because we had some deposit in U.S. Bank in New York that went bust!… yes uncle SAM is such a nice country!…we rent him azores and they lost our gold!..
MacGruber | July 23, 2010 at 4:40 am |

Stacy – there’s too much gold bug stuff here.

“One Day The Yen May Turn To Toilet Paper… But In The Meantime It’s Busting To Multi-Year Highs”

I guess that just blows the idea that printing leads to hyperinflation? (Or does it just blow?)
MacGruber | July 23, 2010 at 5:12 am |

In case you all were curious how your Congressperson voted on the financial reform bill….Here’s the vote:

http://www.opencongress.org/vote/2009/h/968

Is this correct?

Ayes: 223 (Democrat: 223; Republican: 0)

0 (zero) Republicans voted for the financial reform bill? Huh?