Stacy Summary: This story is getting big news today that Citibank cooks its books; Max, of course, said on the Keiser Report that Citi is a big laundromat; “the stock itself – most actively traded every day – is used as laundromat by insiders – trading billions of shares A DAY.”
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The psychos on Wall Street.
http://wallstreetwarzone.com/wall-street-psycho-15-signs-of-moral-ethical-pathology-soul-sickness/
@yousfucks. this important. http://www.youtube.com/watch?v=YPWaMj1lgUc
Aren’t accounting standards just a limit on how much the counterfeiting cartel can issue new money (credit)? Equity = Assets – Liabilities so of course the banks will want to avoid a paper loss on their balance sheets by refusing to mark to market their assets.
Our money system stinks. It is based on fraud and theft. Accounting standards are an attempt to make a basically dishonest system work properly. With a truly free market in money creation, government enforced accounting standards would not be necessary. The free market and the rigorous enforcement of fraud and insolvency laws would keep money creators in check.
really jones’n for an @ from snoot and stacy. guess i,m in big trouble again.
Considering that DTA’s may actually be taxpayer dollars on Citi’s books that they are loathe to part with, the article doesn’t dig deeply enough. All of the banks have this so-called ‘problem.’
They will have to clear the books somehow, the recourse will be to negative repo’s. But somebody has to make noise about hoarding of money intended to be used for lending.
Domestic goddess? She looks like she would be boring after awhile.
@ronron – I’ve been keeping my eye on you and I see you’ve been hanging out with Sasquatch.
Where are the shareholder lawsuits in all this? I’m curious to know.
@F.Beard – she’s known as “The Domestic Goddess” . . . it’s a UK thing; the only other image options that came up on a google search with those words were xxx rated . . . didn’t want to shock anyone or make @Bonn think he was on the other site he visits all day . . .
hahaha. cool Stacy. all i need is Snoot back in my corner.
At some point the lies the furald, the robbing MUST stop….At some point the music stops & we face the fact that UK/US is BUST….But when?
Can’t be long now.
Mike
wonder how long i can stay out of trouble?
She’s got an attractive face,but some sort of vertical compression of the photo makes her look ” W I D E “.
At least on my screen…
Or maybe she’s been eating too much ice cream…
if’n snoot talks to me tomorrow. i’m back on top.
@Mark Lytle – you make me laugh; she IS wide; ‘big boned’ as they used to say
hi mike.
– she’s known as “The Domestic Goddess” . . . it’s a UK thing; Stacy
I think I understand the concept; a stay at home wife who spends her husband’s money to make a pleasant home environment. I could dig it, but she had best be home schooling the kids too if I have to be out working.
singsong. http://www.youtube.com/watch?v=xS-QT49oL0A
Hi Stacy,
It is cold and dreary in Melbourne so I have been on the computer too much of late….where is TAM NZ?
I would say 95% of the banks/investment houses in the US are insolvent. The only prayer they have is some fantasy notion that housing/commercial properties values will launch up so they can get their heads above water (They want inflation to flip those houses back to bubble values). In the meantime, they are allowing some “homeowners” to live mortgage/rent free for years on end. The public was rooked on these horrible investments… but to prevent the homes from deflating to true market value is also wrong.
The only ones that are in the black are a few community/state chartered banks that actually have deposits and working assets..
Keep spreading the truth!
Joe
She’s got an attractive face,but some sort of vertical compression of the photo makes her look ” W I D E “. Mark Lytle
If she would only stay that wide and not get wider …
… but to prevent the homes from deflating to true market value is also wrong. Sacremento Joe
Nope. The homeowners should be bailed as well as the savers. The only losers then would be the banks who are the villains in this mess.
@F.Beard-
Savers don’t need to be bailed out…we are just fine….
Cheers
Joe
HAHA, http://www.youtube.com/watch?v=IMg1L5umAnI
@F.Beard – no no, you don’t get it, I said it was a British thing, so you have to understand that the ‘Domestic Goddess” is an ironic one; she’s the daughter of the former Chancellor of the Exchequer, Nigel Lawson; enough said
@Stacy – Beryl the Peril was one of my inspiration guru’s as a kid – she was an independant thinker and fun seeker. Dennis the Menace (Max) was like the male version of Beryl.
The Beano comic, and many others during the 50′s & 60′s were like chaos theory for kids (and adults). Those days are gone but the memories live on!!!!
My thanks to you and Max for reminding me of ‘better days’…….
@beardo. http://www.youtube.com/watch?v=_Ls8Mhoafn0
she’s the daughter of the former Chancellor of the Exchequer, Nigel Lawson; enough said Stacy
OK, I still don’t get it; I guess English doesn’t always translate to American.
Savers don’t need to be bailed out…we are just fine…. Sacremento Joe
Waiting around for depressed asset prices? Willing to risk GD II for personal gain? And possibly WWIII, since WWII was caused by GD I? Then perhaps only the debtors should be bailed out. After all, with our money for debt scheme, if some folks did not borrow, savers would have no money to save.
just assume there is no dollar. it’s easy if you try.
@ronron,
That song was about some Hindu god not the Lord of the Bible. But thanks anyway.
So Faux News just noticed… they (like all the MSM) are soooo behind the curve.
All new Japanese gulag TV: “The actual form of the 3-D images can be manipulated–users can reach out and move, squash or stretch the objects in front of them.”
http://www.yomiuri.co.jp/dy/national/T100826005125.htm
Preconceived imagination – oxymoron of the masses lol….
@Beardo. you believe in god? thought you were fucking with me.
@Beardo. why won’t any old god do?
On a lighter note: “Execution chamber opened”.
http://www.yomiuri.co.jp/dy/national/T100827005518.htm
It’ll be a fun fun weekend in Tokyo – yesterday (Friday) there were stern looking guard types patrolling at every rail station in Tokyo. No more smiles. Aaaaaargh!
you believe in god? ronron
Yeah, for any number of reasons.
Funniest blogger comment I have read regarding UK austerity measures:
“Council workers in Northampton are being ordered to sell one of their organs in an effort to raise money for essential local services.”
Love that British humour!
Hi Ron
Citibank, that’s the Rockefeller family isn’t?
I can’t say I’m sorry the Brits are running the austerity experiment. Let them learn that they are slaves to bankers.
@F. Beard-
Sounds like you are a central fractional reserve banker. For savers, the sweat is over…no need to rely on debtors…ask Max, he is a saver…(of gold) it is all about position.
Cheers F. Beard,
Joe
Yeah,..she likes to suck on that there spoon,..(it’s a childhood thang)
anyways,…Beardy,…I know why you believe in a “god”,..
And, and,.Stacy, I know why you chuckle at the “WIDE LOAD”,..
Also, Bell army,..I know who you are,….; )
@Wahrheit – yes the Rockyfeelers are out of control. Good news.
Sounds like you are a central fractional reserve banker. Sacremento Joe
Could not be farther from the truth. But I do understand FRL enough to loath it. I also understand money enough to realize the lend-borrow paradigm is obsolete which means gold as money is obsolete too. But hey, we could be heading for barbaric times so your gold may come in handy. Or the bankers could reinstate a government backed gold standard and you should do all right. However, most people will suffer under that regime.
Report that Citi is a big laundromat; “the stock itself – most actively traded every day – is used as laundromat by insiders – trading billions of shares A DAY.”
With all the robot trading going on, and computers diverted from their noble design goals of enriching science and storing knowledge, to mere manipulation, I think, “What can be done?” There’s times when I remember the film “Independence day” when Hi tech, almost invincible aliens were defeated by a human-designed computer virus.
If only we could find that virus, and cut it loose on the high tech aliens of Wall Street.
Top 6 Most Indebted Countries
1: Ireland – Debt/GDP: 997%
2: Netherlands – Debt/GDP: 467%
3: United Kingdom – Debt/GDP: 409%
http://financialedge.investopedia.com/financial-edge/0810/Top-6-Most-Indebted-Countries-And-Why.aspx
I think the position of the Netherlands is largely unkown, also in the Netherlands itself.
Just waiting for the final “big bang” to buy a house from my silver.
We need the big bang as soon as possible to put the world out of it’s misery, so I am only being Idealistic
OK Stacy,
Now I think I get it. She is rich and spoiled and probably does not even know how to boil water. That’s even more boring.
Then embed the virus in a trade and send it to their servers
Does anyone here remember the name of that Irish (I think it was an Irish company) trading company that sells something like stock in an attempt to predict events, Did that ever catch on?
Banks’ Self-Dealing Super-Charged Financial Crisis http://www.propublica.org/article/banks-self-dealing-super-charged-financial-crisis
I found it, It’s called Intrade.
Nigella is married to one of the Saatchi brothers her father as has been mentioned was Chancellor so she can afford to be a domestic goddess as she is one of the haves
here is her last Christmas video which gets all the henry’s horny
http://www.youtube.com/watch?v=2wncEeJZqzM
@Metoo,
OK, she can boil water. I sit corrected.
here is one for Gordon Brown
http://www.youtube.com/watch?v=6QapZI2cLQQ
Tony Blair
http://www.youtube.com/watch?v=9963eJ6kLS0
Red Ice Radio – Robert Bauval – Pt 1 – Tutankhamun’s DNA, Chasing Mummies & Tour http://www.youtube.com/watch?v=Cuj4mZmoCbg
Robert Bauval is back with us on the program to talk about the latest shenanigans of Secretary General of the Egyptian Supreme Council of Antiquities Dr. Zahi Hawass, with his absolutely ridiculous and pointless “Chasing Mummies” series on the History Channel. We begin to talk about the new DNA findings that might prove that Tutankhamun was of Western European descent.
@Metoo,
Any for W Bush? To my shame I voted for him once.
What’s up with that picture?
Shocking Study: 15 Percent Of Women Have Slept With Their Bosses http://blogs.hbr.org/hbr/hewlett/2010/08/how_sex_hurts_the_workplace_es.html
Bankers’ Song – We Didn’t See It Comin http://www.youtube.com/watch?v=-fTh2GffJsM
Thanks Youri, autotune is fun.
Middle class to lose its grip on best state schools
Middle-class parents would be unable to guarantee their children places at the best state schools by buying houses nearby under admissions rules backed by the Schools Secretary.
http://www.telegraph.co.uk/education/7968938/Middle-class-to-lose-its-grip-on-best-state-schools.html
This could have some pretty serious implications for the British property market.
The straw that breaks the camels back?
Hmm
Sex is a fundamental act between [usually] men and women. It is as natural as breathing. The fact that it makes one feel so good means that people have to put all kinds of stipulations upon it — usually designed to degrade men in order to force them to appear politically sensitive to women. Hint. I’m a man, I don’t apologize for it, and at least the women I’ve known tend to have liked sex too!
So older men sleep with younger women? So what? It’s natural, it’s biological. Furthermore, the only men who claim to be happy with having sex with only one woman are politically correct liars. Get real. I’ve told my women that myself, I understand. That’s the way life is.
Now when men get too old for sex then they can, and often do, become self appointed critics of men who have liaisons. O.K. great, maybe you guys will make it into heaven. Sorry Beard I probably won’t!
But, in my view, cars can’t be too fast, women can’t be too busty [no I don't mean plastic boobies either], or sex too frequent.
@F. Beard,
“Accounting standards are an attempt to make a basically dishonest system work properly.”
Actually, accounting standards are an attempt to legitimize a dishonest system, not to make it work better. In other words, accounting standards are developed to make sure that nobody interferes with the dishonest system.
Now when men get too old for sex then they can, and often do, become self appointed critics of men who have liaisons. O.K. great, maybe you guys will make it into heaven. Sorry Beard I probably won’t! Golden Spider
Moses did not get too old (he lived to 120) and so far neither have I. And BTW, the women with the happiest sex lives are married Christian women according to polls.
@Stacy,
Isn’t that Nigella Lawson? She’s known to U.S. foodies like me.
And there’s an Eminem song that refers to the myth of “a female with good looks who cooks and cleans ” . . .
http://www.youtube.com/watch?v=7Xna2lbejMs
Actually, accounting standards are an attempt to legitimize a dishonest system, not to make it work better. Tao
Well said. Notice however that I said “attempt”. I don’t assume the bankers know they are crooks but perhaps I am naive.
Here is Bush giving his state of the union address
http://www.youtube.com/watch?v=RYvfxvDwJxA
and then his best speech ever
http://www.youtube.com/watch?v=yjmLE7paJU8
While the banks cook books and domestic goddess bake the people are eating cake!
Thousands seeking mortgage help line up at Palm Beach County Convention Center this morning
Thousands of people are lined up this morning outside the Palm Beach County Convention Center – some arriving by the busload, hoping the Neighborhood Assistance Corp. of America will help them save their homes.
They are here from throughout the country, including Detroit and California.
“I’m here because I have to be,” said P. Reed, who drove all night from South Carolina. “They put me in foreclosure last week.”
And of course, no investigation will occur. This really sucks!
she looks like my ex girlfriends mother. Could be the same person they look so much alike.
@f. beard, I’m sure the banksters know they are crooks. Thats why they chose the buisness they did. Same as lawyers. As someone once said. Its easier to steal when your on the inside.
“Sileince foul temptress”
http://www.youtube.com/watch?v=jjio-F47IfM
And on a somber note 20 years ago we lost one of the true masters
Stephen Ray Vaughan (October 3, 1954 – August 27, 1990)
http://www.youtube.com/watch?v=yXXCbJmSUQw&feature=related
http://www.youtube.com/watch?v=Odemgv5eLok
@jon,
“Thats why they chose the buisness they did. Same as lawyers. As someone once said. Its easier to steal when your on the inside.”
Actually, I went into law to help people. Silly me.
The better way to think of most lawyers is as the enablers of a co-dependent relationship: they apologize for and legitimize their loved one’s addiction (he beats me because he loves me, not because he’s a drunk). I left the law because I can’t play the enabler role. I’m too much of a boy scout.
Peace Sells and Ron Paul is Buying!
http://www.youtube.com/watch?v=twSGJfb6aGw&NR=1
Ron Paul: Goal Of Protesting NYC Mosque Is To Blame Islam For 9/11
http://www.youtube.com/watch?v=CxJSYgOCljs&feature=player_embedded
Golden Spider, tell it to the 15-20 million orphans from HIV AIDS alone in Africa. That is hell on earth and I don’t want any part of that moral “as natural as breathing liaisons” selfish lie. Marriage, family, charity, faithfulness,… are the same as gold and silver.
Beck’s rally an insult, ’63 rights leader says
Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2010/08/27/MNI11F4HMR.DTL#ixzz0xscFujBx
The firebrands and pitchforks won’t be used against the elites.
The elites are maneuvering the people’s pitchforks into the people’s own backs, one against the other…
But by destroying the social capital of a once functioning melting pot of peoples, the elites will make a world they can’t imagine….yet.
Divide and conquer is being used in other nations as well, but the elites will have to live somewhere, and some hate will still be reserved for them when the mases aren’t busy hating themselves.
They will find living behind moats more arduous then they currently expect.
http://www.youtube.com/watch?v=uuXcGHjBeac&feature=related
virtual feudalism hits the real world streets with garbage littering advertising.
Zynga may as well have used real dollars to litter the side walks with, I mean they’re worth as much as and are just as fake as the ones they used in their ‘ad campaign’.
http://gothamist.com/2010/08/27/zynga_ads.php
It’s a good thing these people who run these corporations and Wall St. for that matter are as dumb as they are.
I was expecting the bird in pic to be an American Imperialist shelia, but for some reason you put a pommy shela up instead.
Nigilla Lawson does look a little bit like the Canadian shela from “how i met your mother” … but the Canadian shela is Anglo-Dutch if my memory serves me right.
@ beard
Hi F
Nigella Lawson
She can cook alright, she has a TV show over here in UK.
She is seen as our cooking pin-up girl.
Her presenting style is perceived to be sexually suggestive, in a low key, very tasteful way.
Personally, I think it would be great to flounce around all the deli’s in London, getting a bit of this and that, and then spend all day in the kitchen cooking for hubby and kids, like a lot of yummy mummy’s do over here…..
BUT MOST OF US, HAVE TO WORK A 12 HOUR DAY TO KEEP FOOD ON THE TABLE AND A ROOF OVER OUR HEADS!!
We have loads of lifestyle TV shows over here presented by toffs. You would think when watching them that the average brit salary is £500,000
Kirsty Wark is the sexiest women on UK TV especially when she verbally duffs up a politician, if she did a banker Id have to call the fire brigade to put myself out.
Kirsty Wark is the sexiest women on UK TV flicks
Link? I like some of those RT babes myself. Tastes do vary.
BUT MOST OF US, HAVE TO WORK A 12 HOUR DAY TO KEEP FOOD ON THE TABLE AND A ROOF OVER OUR HEADS!! feral
I won’t say I feel you pain since if I did it might kill me but I sympathize. It’s getting to the point where I wouldn’t mind socialism if that’s what it takes to punish the incompetent elites for the mess they’ve made.
ONN (Onion): on Time Magazine
http://www.theonion.com/video/time-announces-new-version-of-magazine-aimed-at-ad,17950/
Short Video … LOL … so true IMO !
Nigella..Her type shows abundant serotonin precursor (brown hair), and as a result we expect her to be a warm bath of love and acceptance. Combine that with sweet deserts, which because of high sugar also trigger serotonin release and for deficient people (high agression and anxiety) there’s something there for sure…
Blair home number nine: £1m house for student daughter
http://www.telegraph.co.uk/news/newstopics/politics/tony-blair/7968858/Blair-home-number-nine-1m-house-for-student-daughter.html
“Cherie, as usual, has been the driving force behind this.”
Peter Schiff joke:
“What do you get if you cross an economist with the godfather?”
“You get an offer you can’t understand..”
I predict a lot of broken glass within walking distance of Connaught Square.
@Mother … and I thought the answer was ….. “the FED Chairman” !
His answer was of course better
@ stacy
A I thought she was famous for making food sexy…The uk people like fetishes.
boob..boob..boob..boob..
http://www.youtube.com/watch?v=ByhNCPxv7SY#t=0m56s
@Mother,
I did not know you were a Peter Schiff fan. I’m not since he has been wrong on inflation and is a gold-bug.
The senate blocks investigation of BP.
The House voted 420 to 1 to give the presidential commission investigating the BP oil spill in the Gulf of Mexico full subpoena power.
The Senate blocked it.
No subpoena powers. No real investigation.
http://www.youtube.com/watch?v=rORbqq_FHoM
@beard
Thanks F for your sympathy
I’m alright really, I am managing OK, as I don’t take any of that lifestyle stuff seriously.
I can cook an omelet, go to the fish and chip shop on a Friday night and make a Sunday Roast when provoked
I can not bear to hear a person with a British accent use metric measures in cooking. It’s so unnatural.
BLAIR SETS GREAT EXAMPLE TO CHILDREN WHO WANT TO KILL PEOPLE
http://www.thedailymash.co.uk/news/business/blair-sets-great-example-to-children-who-want-to-kill-people-201008163006/
PS@The Senate blocked it.
I think it’s more a case of protecting an investigation into the corrupt Senate rather than simply protecting Corp. interests.
Well let’s vote for delia smith.
http://www.youtube.com/watch?v=cyzolT2UNZw
@F. Beard
Language beardy man, I am not, like you, a blasphemous idolator. I simply get what Schiff is saying, and as I was working for a mutlinational corporation with access to all kinds of financial reports I was able (with my relative lack of understanding) to gather at the time (2006) he was likely to be right. In fact, I explained it to the CEO at christmass dinner (decoupling theory). The signal that did it for me : Drewry report projected growth in shipping for the next 15 years or so to be 16% annually. That, I knew was impossible. The mother company was being gutted by the US bankers at the time (put into irresponsible debt, dislodged from its family origin)…So I like Schiff because he makes sense. I wish I had his business acumen though, that trait seems to be genetic..
Well, Nigella is on dry land, so we’re stuck with this:
Depression cooking
How depressing..
http://www.youtube.com/watch?v=ZTZhrYSpXTU
I can cook an omelet, go to the fish and chip shop on a Friday night and make a Sunday Roast when provoked feral
You remind me of One Day in the Life of Ivan Denisovich and
” But many who are first will be last; and the last, first. Matthew 19:30
@F. Beard
Belssed be the retarded, for they will harmlessly quote my words to relaxed people that don’t need to hear them..
I am not, like you, a blasphemous idolator. Mother Earth
Specifics?
So I like Schiff because he makes sense. I wish I had his business acumen though, that trait seems to be genetic.. Mother Earth
An office acquaintance of mine used to say “Money can’t buy happiness but I don’t want happiness, I want money”
Doubt you’ll ever get to this comment girl…but Stacy, if you see this, I have a little nugget of information I discovered today, and would like to share with your readers. If you don’t mind.
The below link shows a disc dedicated to the erection of an obelisk in Elam upon a much lamented death of a queen. Andis Kaulins deciphered it. He is really quite brilliant. I read his slide show? I stand in awe of that man’s intellectual prowess. Doesn’t happen too often to me.
I’ve read this before, and got bored at page 4 or 5. DO NOT let that happen, you will really miss some fun reading.
Quick Quiz: In the Louvre stands a 3760 pound statue of brass and copper. It was found in Susa, Elam (today’s southwest Iran.) It is of Queen Napirasu of Elam. Wife of King Untash-Napirisha.
Who is she known as today, Stacy? Hints: What city is the Louvre in? What might be the oldest written/recorded love story of all time?
Here is presented a slide show. You are allowed to read pages 1-30, of 42. 1 or 2 very short paragraphs each page.
At page 30, you will make your best “WAG” on her identity. Then you will turn to page 31…and get a laugh and little thrill realizing she was a real person, a real love story, and in a place entirely opposite of where “mainstream” archaeology places her final resting place.
It all started when a very nice professor invited a very nice scholar to present an opposing argument to the professor’s theory this artifact (Phaistos disc) is fake.
This is the opposing argument. This is how real science works: people unafraid to learn they might be incorrect, or sure enough of their research to feel non-threatened by opposing arguments. Everyone progresses, everyone evolves.
http://www.slideshare.net/akaulins/phaistos-disc-and-elamite-final-30-october-2008
Don’t you dare read page 31 before you guess! No, it is not what you think….and yes, it starts out looking very boring…it’s called “building to a climax.”
@F. Beard
Why do you use other people’s words? Can’t you speak for yourself?
An office aqaintance of mine didn’t use to say that..
@Mother & F
I am from Yorkshire, what do you expect??
… for they will harmlessly quote my words to relaxed people that don’t need to hear them.. Mother Earth
touché!
Belssed be the retarded … Mother Earth
Yeah, based on my experience with neurotransmitter enhancers, it will be very nice when I get a properly functioning brain. Which reminds me, I really need to do a long fast soon to clean out the old bean.
BTW Mother, FireFox has a spell checker.
http://www.youtube.com/watch?v=fatHLHG2uGY&feature=related
@F. Beard
You’re clutching at straws..
Why do you use other people’s words? Can’t you speak for yourself? Mother Earth
And what am I but another flawed mortal?
@Mother, F
Anyway…… google – Monty Python four yorkshire men sketch.
You’re clutching at straws.. Mother Earth
We’re all drowning, don’t you know?
Protons from recent solar flares sure are creating some fun here on Earth.
@feral,
I envy your blessed contentment under difficult circumstances.
F. Beard: take a back seat ride.
Had to read all the way to the last 2-3 paragraphs to get to the nitty-gritty: Mayo got canned for being the #2 best analyst (yeah, call ME a conspiracy theorist) because the banks didn’t like him not being their paid liar, and 2. He is hated for dropping the dime on their criminal activities.
That’s odd, you’d think a “news source” would play up the potential SEC investigation, and play down the “feud” between the guy telling the truth and the freakin’ criminal liars. Go figure.
@feral,
Very funny! Thanks.
@ F
To be sure beard, I am not one of the ‘worried well’
More like your cleaner/domestic in a typical Chekov? Checkov/Brecht play.
In the middle of all the drama, as a busy observer of the action, that nobody pays attention to, but has to keep the place clean and tidy.
Watch the four yorkshire men sketch it will make you laugh.
Here’s something we knew all along..
http://www.climatebabes.com/images/kim_jong_il_windowshopping.jpg
Watch the four yorkshire men sketch it will make you laugh. feral
I did, it was very funny. Here’s a link
the four yorkshire men
@farang,
Let me guess, Queen Eshter?
In the middle of all the drama, as a busy observer of the action, that nobody pays attention to, but has to keep the place clean and tidy. feral
Sounds like a domestic servant. I suppose that servants are making a comeback?
F. Beard – “Kirsty Wark is the sexiest women on UK TV flicks
Link? I like some of those RT babes myself. Tastes do vary”
Just for you I put a screen shot up on my flickr account :-
http://www.flickr.com/photos/flicks29/4934452298/
She presents Newsnight Mondays and Tuesdays if you have access to the BBC iplayer and do a search on Newsnight you will find the programs up for a week. Being Scottish the English dont like her accent/articulation, I wont say what it does to me lol
@F
Yeah, even us cleaners are having to learn how to become speculators, and all the people I have been observing for the last three years are saying invest in gold and silver, in order to eat food and keep a roof over your head!
hi stacy
Peter Schiff was on Newsnight last night (BBC 2), and very good, giving a refreshingly honest view on things. Do you think Max could get on there now? I know you told me a while back that it could never happen, but maybe they’d be more open to max’s opinions now?
Joke in Bad Taste ?…
Berlin ‘cannibal’ restaurant calls for diners to donate body parts for menu
http://www.telegraph.co.uk/foodanddrink/foodanddrinknews/7967193/Berlin-cannibal-restaurant-calls-for-diners-to-donate-body-parts-for-menu.html
@flicks,
Thanks. Iplayer is not available in my area so the screen says. Apparently my taste in women is odd which is very fine by me. I kinda have a thing for Erin Burnett. She is by far the best looking of the cable business show babes.
Sherbert: “Max, of course, said on the Keiser Report that Citi is a big laundromat; “the stock itself – most actively traded every day – is used as laundromat by insiders – trading billions of shares A DAY.”
Who? Hahahaha. Oh yeah, him.
Yeah Max, like the song says: “steal a little they throw you in jail, steal a lot they make you a king.” Above the law”…until they hang. Nemesis will pay them a visit, it is inevitable, the ancient Greeks knew their stuff. She has a very strong nose for Hubris, and has a terrible temper:
She is Nemesis.
I prescribe: Patience. The mobs will revolt, hang’em all, then turn on each other. Those that “never make their move to soon” in the US will prosper.
The real question will be if the perps of the top echelons get away scot-free…or if a finally fed-up world hands them over for hanging. Truly.
Yeah, even us cleaners are having to learn how to become speculators, … feral
Yes, that is an outrage. Fractional reserve lending allows bank to cheat their depositors of honest interest rates and drives them into speculation.
and all the people I have been observing for the last three years are saying invest in gold and silver, in order to eat food and keep a roof over your head! feral
Good luck with that. Personally, I think gold and silver as money are barbaric as Keynes said though I am no Keynesian
Yeah. liked the photo, S.H.
My fav? Never liked ice cream much as a kid…but man, could eat raspberry sherbert all night long ….
Feeling sabaidee today baby! Last night, I caught a lovely little lady I’ve had my eye on for a while, see her every day, working hard, maybe the manager not sure, a serious expression always on her pretty little face… never look my way when I would try to make eye contact with her, avoid it actually…… suddenly look right at me like Stacy looks at Max (lucky guy that Max)…..and here I thought she had just been uninterested.
No, she’s just shy! Blushes red!! Hahaha. Too cute. She speaks no English. Just nid noi. “Little bit.” She’s a keeper. She’s about to get spoiled…..carefully. Live and learn…..
Now farang has incentive to finish learning Thai..softly. Smiling. Gently. Like a gentle man. That is what impresses…here in Shangra-la. How quiet, respectful and gentle can you be.
People are not the same everywhere. Some of us hominids could take lesson in manners, respect and grace from our hobbit-sized hominids cousins….maybe I’ll give it a shot. Again. Korb Khun Korb!
http://onlinejournal.com/artman/publish/article_6269.shtml
The usual nefarious doings of the usual suspects. Have Wayne on sometime, Max. He has sources, writes articles on subjects no one else is covering, and is inevitably proven correct.
Have him tell ya about that Stanford character…everyone remember him?
Is there a bond market bubble? http://blogs.marketwatch.com/fundmastery/2010/08/27/is-there-a-bond-market-bubble/
Death of equities, part 2? http://www.marketwatch.com/story/death-of-equities-part-2-2010-08-28
good april fools joke. http://www.imf.org/external/pubs/ft/bl/rr06.htm
@ronron … just brilliant !
BIS: Trading With the Enemy – The Whole Story
…
… The truth about the Swiss Nazi gold controversy & the involvement of U.S. banks and the Federal Reserve during the Second World War. This multi-layered central banker conspiracy dwarfs today’s oil and other behind the scenes interests involved in the recent invasion, war and subsequent occupation of Iraq. This report opens up the sordid record of the American financial establishment and our central bankers to put trade before patriotism, profits before our troops during times of war and how this relates to our nation today in the “so called” latest conflict, The War On Terror by simply exchanging our collusion with Nazi Germany for collusion with Saudi Arabia and oil profits. …
…
http://www.thedailybell.com/1327/BIS-Trading-With-the-Enemy-The-Whole-Story.html
Denninger has a lengthy document to sign before one can enter his site. No thanks Karl. Hopefully, one day you will have to beg for web traffic rather than discourage it. A much classier guy is “The Pragmatic Capitalist” at http://pragcap.com/. Also, Yves Smith at http://www.nakedcapitalism.com/ is very good.
@Stacy,
I suggest Yves Smith as a good interview guest for your show.
@MirrorMirror
Banking with Hitler http://www.youtube.com/watch?hl=en&v=YauM5dHLn1s&gl=US
@F. Beard
Strange, cause I don’t have that? http://market-ticker.org/
@Youri .. Thx for the link … was fully aware already, but will watch it.
@Youri,
I don’t get it from your link but I do get it when I click on the link to the right of this page. Strange.
@Frans
Dutch Cabinet Agrees on $4.1 Billion Budget Cuts as New Government Awaited http://www.bloomberg.com/news/2010-08-27/dutch-cabinet-agrees-on-4-1-billion-budget-cuts-as-new-government-awaited.html
1: Ireland – Debt/GDP: 997%
2: Netherlands – Debt/GDP: 467%
3: United Kingdom – Debt/GDP: 409%
Top 6 Most Indebted Countries http://financialedge.investopedia.com/financial-edge/0810/Top-6-Most-Indebted-Countries-And-Why.aspx
Dutch Unemployment 12% (Not the 5.7% CBS Figure)
BBC radio 4 money box is now currently airing with the “Gold Bubble” as defined by the programmers.
They must be getting desperate.
Its Official: China is Unloading its Treasury Bonds http://oilprice.com/Finance/the-markets/Its-Official-China-is-Unloading-its-Treasury-Bonds.html
US Treasury data show that China has cut its holdings of Treasury debt by roughly $100bn (£65bn) over the past year to $844bn http://www.telegraph.co.uk/finance/comment/7958823/America-no-longer-needs-Chinese-money-for-now.html
Ave, Citi, morituri te salutant
Food Network, Travel Channel and various Real Estate Shopping programs are all the rave. Fantasy Consumption viewing is overtaking real consumption. Add lotteries and you have a society of pipe dreamers who vicariously enjoy the conspicuous consumption of their masters.
I do not know who I am. Identity is tautological. A=A goes nowhere. Here we see the eternal presence and self-indentity of God( Old Testament and St. Augustine). The only vestige of selfhood one can hold to is the perceptual illusion of a contained body. Rimbaud makes it clear with “Je suis un autre”. Have we, the fabled “I’s”, ever had it?
Identity, the Self, is one of Humanism’s more endearing forms of Deification(reification). Every God is born through a statement of self-identity. Name a man and he will view it as a contractual bond with the Cosmos constituting his “Selfhood”. Culture is the nominal disintegration of Humanity into Selfishness.
Consumption based societies devote every mode of production to serving selves. Communal standards are abandoned and a Freudian Dystopia is instaurated. The Superego serves the Id. It creates controls to facilitate consumption. The value of human liberty dwindles and eugenic ideologies of racial and ethnic identification grow. The Id craves security for its own excesses. Identity stands as the Fortress of Selfish excess. What is the principle of all security? We defend national identity, liberties and protect property for one cause—->”To further our self interests.” Writ large it is the marketed suppression of class struggle via media to all “I’s” who sell themselves into bondage for their “own” self interest. Adam Smith’s invisible hand promises liberty but forges shackles.
The assertion of self is the first step towards bondage. Who legitimizes names and identity? States preach identity as strongly as the God of the Old Testament. There is no other I am but I am. And it tells you who you are–>A series of letters and numbers on various ID’s. It devolves, like States and the Judeo-Christian God, into Sociopathology. Every master births sons to die in his place for everyone’s sins. War propaganda has always been a process where we build up martyrs to die for masters in a battle against evil. (Kudos to Talcott for noting the Old Testament flavor of US foreign policy. There is no other God but the USA! But it also has New Testament flavors. Preaching liberation and redemption in sacrifice and bondage like Jesus. Those who are not with me are against me.)
Bankers really do “God’s work”. They place a plague on many houses. Especially upon those who do not appreciate and honor their value with sufficient sacrifice. We all know they abhor Golden Calves.
@Dedo
It is a custom(my parents used tell me it is a Scottish one) in my family to bait those we admire. Perhaps it is infantile. No question it is rude. I meant no disrespect.
I am new to this forum and wish to thank everyone, even those who find me evil, insular and, by my own admission, pompous, for the illuminating and spirited discussion.
@Tao
I am the proud scion of a Rentier. It underlines my antipathy to religion. God created the Universe aeons ago and has done nothing since but collect rent. Jesus was Cosmic QE1. His blood flowed to pay the “debt of our sins”. Amazing how elastic religious narratives are. It seems they are hidden in language as a Divine Grammar. Too bad the divination is mostly practiced by devils.
I live as a luxury. Therefore I take pride in being waste. I revel in wasting time as much as time wastes everything. Rest is the highest form of rebellion. It helps me fashion a home in this abominable world. Graciously love, a selfless utopia of shared sentiments, gilds the dross enough that life still holds fair.
@Everyone
To sum it all up:
1. I am not afraid of being silly.
2. I do not take myself seriously.
“For, to speak out once for all, man only plays when in the full meaning of the word he is a man, and he is only completely a man when he plays.”
Schiller, Letters on the Aesthetic Education of Man, Letter XV.
The US Government Matches Every Dollar In Tax Revenue With A Dollar In New Debt http://www.zerohedge.com/article/us-government-matches-every-dollar-tax-revenue-dollar-new-debt
China is Unloading its Treasury Bonds – What does it Mean?
- It means that China is getting frantic with the U.S. dollar denominated debt it holds and wants to get rid of it, signalling that they don’t have confidence in the dollar anymore.
- Indeed the question will be: How much debt is China still going to buy from the U.S.? – And if they don’t Who will?
- If the U.S. can’t sell it’s debt anymore it’s gonna buy it up themselves from money created out of thin air thus going the hyper-inflationary way which is quiet likely cause they don’t want to default, like Marc Faber said, but rather inflate into oblivion.
Had a discussion with a friend who’s a political advisor. He said something I found fascinating.
The open Republican, and, of course, secretly Democratic, desire to tinker with the 14th Amendment has more to do with the past raid on the Social Security Trust fund to pay for Wars and Tax Breaks for the wealthy than immigration. Alan Simpson of the Deficit(AKA Catfood) Commission has stated that the Social Security Trust fund is filled with worthless Treasury Bill “IOU’s”.
Labelling Treasury Bills as worthless IOU’s may violate the 14th Amendment article 4:
“The validity of the public debt of the United States … shall not be questioned.”
Amusing.
For your German speaking fans:
http://www.slideshare.net/akaulins/diskos-von-phaistos-elamische-schriftstuecke-entziffert
She was real.
Why Blinder Is Wrong About The Fed Having More Bullets by Mike “Mish” Shedlock http://www.businessinsider.com/blinder-fed-bullets-2010-8
Trichet Says Failure to Cut Government Debt Risks `Lost Decade’ http://www.bloomberg.com/news/2010-08-27/trichet-says-failure-to-cut-public-debt-risks-lost-decade-of-weak-growth.html
European Central Bank President Jean-Claude Trichet said governments risk a “lost decade” of weak economic growth if they delay reversing the surge in public debt triggered by the financial crisis.
“The lesson from past history is that dealing with the legacy of accumulated imbalances is not simply a duty to be fulfilled after the economic recovery, but rather an important precondition for sustaining a durable recovery,” Trichet said yesterday in a speech at the Kansas City Federal Reserve Bank’s annual monetary symposium in Jackson Hole, Wyoming. “The primary macroeconomic challenge for the next 10 years is to ensure that they do not turn into another ‘lost decade.’”
Without naming specific policy makers, Trichet said some have suggested the short-term economic outlook requires more spending and that debt can be ignored for now.
“Adopting this view would be very dangerous for our economies,” he said, drawing a parallel with Japan in the 1990s when banks contributed to economic weakness by rolling over the bad debts of inefficient firms.
High public indebtedness and the lack of a plan to pare it threaten to create uncertainty among households and companies knowing they would ultimately face the higher taxes and spending cuts needed to reduce it, Trichet said. A debt overhang can also prompt governments to adopt regulatory measures to compel banks and households to hold government debt, he said.
@staceyherbert — Hi Stacey, I am guessing this is the way to get a message to you and Max.
Both of you are right on with your commentary and sessions based on deductive reasoning.
Lat’s call the people on the other side of the table as the CCG
@ Youri, thanks: If you look at the numbers and facts, the Netherlands could be the black swan. Just Imagine the Netherlands as an IMF debt slave haha!
Quite interesting, noting we don’t know yet but great clarity in this interview:
http://kingworldnews.com/kingworldnews/Broadcast/Entries/2010/8/28_Rob_Arnott.html
While Max has been saying this for a while, this article is a very good one. How about one of the authors as a guest?
@ flicks
Kirsty Wark is a unionist mouthpiece who is used as a vessel for the Labour Party in Scotland, google her interview with the first minister in Scotland and see her contorted face and contempt when getting shown up for what she is
here is Kirsty at her vitriolic best
http://www.youtube.com/watch?v=FnQPptuG8uM
@Youri: completely agree…Faber: “…inflate into oblivion’…listened to Paul Krugman on PBS last night and to his astonishment Bernanke didn’t find any evidence to “throw everything at the economy”…well maybe Mr Krugman ought to look at the calendar and realize that the November elections haven’t taken place yet..anything he says now will be cannon fodder for either political wing ( RED or BLUE )…we on this post realize the die is cast and that even though it is as obvious as snow on your nose that unemployment isn’t reviving ( even tho Joe Biden just said the Obama Admin created 600,000 jobs…during a time when 3,000,000 jobs were lost is a positive sign )…that the banks are not loaning to the general ( physical ) economy and are waiting for the next shoe to drop in the world of sovereign debt crises or corporate ( ie: FANNIE MAE OR FREDDIE MAC ) INSOLVENCIES….we the people have seen our last hoorrah……$670 trillion-$1200 trillion in derivatives have not been dismantled…housing is still headed in a downward sprial and commercial RE is also on board as massive foreclosures are still in the wings…I find Catherine Austin Fitts interview on the AJ show as the proper way to go…start planting a garden and raising your own livestock…soon the FEDS will find a way to dismantle even that last ray of hope…but until then…we on this blog will laugh and sing as the MSM create the new enemies of the state…interesting that on PBS radio a report abvout the Nuremberg LAws that are only 4 pages and three laws that codifies the anti-semitism and non-citizenship of Jews in Nazi germany…when was the Patriot Act written and the FEMA camps built??????? But back to Krugman: Bernanke isn’t a ‘man of the people’ he could care less about unemployment even tho he is mandated to offer policies for full employment…he is stuck….the Chinese are unloading their treasury bonds ..maybe incrimentally..but they are selling and QE is his only option….if no one buys the $2 trilliojn in annual treasury bond auctions then the world will see the folly of his actions and the “AAA” status of the US will also be lowered as Mr. Greenspan as also forcast… …’YOU CAN’T SAVE THE DAY BY BUYING DEBT WITH DEBT”…. THE EMPEROR HAS NO CLOTHES….when he opens his mouth it is a lie from start to finish…
The laundromat is NO Hologram!
Don’t be fooled, it’s cheapOil-based SEC-fed crime:
http://en.wikipedia.org/wiki/State-corporate_crime
Dirty energy is the rootcause of interpollution and braindead corporate citizens.
Compare the Great Coal Debate http://u.nu/43vye
and http://global-war.ning.com
@Bel-Ami,
While I wasn’t born a rentier, I managed to become one.
I don’t view the term as a perjorative but as a useful term to classify a third actor in the labor-capital duology who uses money to make money (Marx’s M-M’). I suppose we could call them the eminems.
here is Kirsty at her vitriolic best metoo
Thanks. That lady is something else. I only wish our media was half as persistent as she is.
I was being ironic, the deal in the desert was done by Tony Blair, then withheld from the Scottish Government.
The meedja that are run by the Labourites then pressed Alex Salmond and tried to make 1+1=3 about the deal. The Scottish Parliament were tipped off that the deal was done behind their backs and announced what they had found out as soon as they checked it out. Kirsty then tried to deflect the story by having a go at Alex Salmond when in fact the story was Tony Bliar had done the deal when he had no place to do it, that was the story she should have been shouting about !
@Tao
I support your analysis of the Austrian and Chicago School Rentiernomics and took no umbrage at the comments. As I have said before, I always find your views enlightening.
And just WHAT does this busty D-Cup Dolly in the photo with her tight sweater and the seductive smile have to do with the article?