Stacy Summary: Lots of central bankers this week promising all sorts of cartoon super powers; this morning it is the Bank of England.
  |
 |
 |
-
ref. max keiser & Get 6 mo’s free storage
-
-
Rick Ackerman-
- King World News
- Mish
- Karl Denninger – Market Ticker
- An error has occurred; the feed is probably down. Try again later.
- Michael Hudson
- ZeroHedge
- The Big Picture
crash banksters – Buy Silver & gold
![[Most Recent Quotes from www.kitco.com]](http://www.weblinks247.com/indexes/idx24_usd_en_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/platinum/t24_pt_en_usoz_2.gif)
-
Most recent: 
@Stacy
Love your introductory phrase: “cartoon super powers”.
No wonder Bernanke is waxing sanguine.
@Youri:
But the worst element of this system is that the extraordinary power given to regulators–and particularly the Federal Reserve–is likely to change the nature of the U.S. financial system. Where financial firms once focused on beating their competitors, they will now focus on currying favor with their regulator, which will have the power to control their every move. What may ultimately emerge is a partnership between the largest financial firms and the Federal Reserve–a partnership in which the Fed protects them from failure and excessive competition and they in turn curb their competitive instincts to carry out the government’s policies and directions. In addition, with the creation of the Consumer Financial Protection Bureau, the act abandons a fundamental principle of the U.S. Constitution, in which Congress retains the power to control the agencies of the executive branch. These wholesale changes in traditional relationships are hard to explain except as the triumph of a fundamentally different view–a corporatist political model more characteristic of Europe–of the government’s role in the U.S. economy.
Key points in this Outlook:
•The Dodd-Frank Act gives the Federal Reserve, under light supervision by a council of regulators, unprecedented control over the largest firms in the U.S. financial system.
•The result may be a public-private partnership, in which the Fed protects the largest firms from excessive competition and failure and they in turn follow the government’s directions.
http://online.wsj.com/article/SB10001424052748703369704575461714115902100.html
Just went to Wikipedia page for Platters . Searched for 16 tons. No mention. Was an also ran.
Ford’s version is the one the people who lived this life understood. If you want the Platters version, you’re welcome to it. But the real people who lived and died in the mines would never have listened to the Platters version. It was alien..
@mark,
Strange, my father worked in a Pennsylvania coal mine starting at age 16.
@Beard
But this is about Coal mining. The Blacks have their own songs…plantations and all that, this is not theirs…
Those that want to see it though the eyes of those that LIVED it and I mean the Coal-Steel culture of the early 20th century, those who were THERE, as I was, will know what I’m talking about..
We lived in Fly ash. When my parents put out dishes to set the dinner table, within minutes there was a film of fly ash on them, if the windows were open. Your teeth would register this as you ate. Felt like fine sand in the food..
@Mark,
The slurring adds to the lethal quality. Tennessee Ernie’s sounds like a lark in comparison. One thing one can be sure of, whites may have suffered in the US but blacks almost surely did.
@Beard
Well taste is personal, But listening to the Platter’s version, they slur the word ‘coal’ and a few others. Sounds like ‘cool’ or something..
I kind of object to that, Someone unfamiliar may not understand it.
The platters were good in their genre. but they didn’t do well with this.
from Wikipedia:
“Sixteen Tons”
Sixteen Tons album cover
Ford scored an unexpected hit on the pop charts in 1955 with his rendition of Merle Travis’ “Sixteen Tons”, a sparsely arranged coal-miner’s lament that Travis wrote in 1946, based on his own family’s experience in the mines of Muhlenberg County, Kentucky. Its fatalistic tone contrasted vividly with the sugary pop ballads and the rock and roll just starting to dominate the charts at the time:
You load sixteen tons, what do you get?
Another day older and deeper in debt.
Saint Peter, don’t you call me, ’cause I can’t go;
I owe my soul to the company store…
With a unique clarinet-driven pop arrangement by Ford’s musical director, Jack Fascinato, “Sixteen Tons” spent ten weeks at number one on the country charts and eight weeks at number one on the pop charts, and made Ford a crossover star. It became Ford’s ‘signature song’.
I prefer the Platter’s version; that guy sounds lethal.
I grew up in the Appalachians and everybody there was into Ford’s version. The one posted is from 1956..
Good luck telling our current feudal lords that they need to do this. Our handlers..er.. leaders may not want to go along with it… Mark Lytle
Well, one day those folks may upset someone with a good prayer connection to the Lord and … Truthfully, it does not seem like we are far from the End anyway.
http://www.youtube.com/watch?v=Joo90ZWrUkU&feature=related
!6 tons by Ford. You can understand the lyrics better and some of Ford’s family were Coal miners…
The Platters version is a little stylised I think..Hollywood coaches don’t sound like Appalachian coal miners..
@Beard
“Israel had a system of government that required return of family lands every 50 years and debt forgiveness every 7 years. Thus it prevented permanent wealth and power centralization. Frankly, I think the US needs such a reset particularly since the very wealthy have very likely gotten that way due to government priviledge.”
Well, that’s fine. Good luck telling our current feudal lords that they need to do this. Our handlers..er.. leaders may not want to go along with it…
This is where the abstract meets the concrete.
16 tons – Platters
Truthfully, you don’t even need banks, let alone central banks to create a feudal state.
@Stacy
I wonder if you could put up a Youtube of ’16 tons’, a lot of the younger people here probably are unfamiliar with that stage of Americas history.
I think it’s very relavent to the whole debate about where the world is going…
Again, where I grew up. in Pennsylvania, for many decades the coal industry practiced a foul form of feudalism with it’s employees. The essence of it was captured in a song by the late Tennessee Ernie Ford. The song is called 16 tons’.
Some people say a man is made out of mud well a poor man’s made outta
muscle and blood..Muscle and blood and skin and bone..and a mind
that’s weak..but a back thats strong.
[2vs]
And he was born one morning when the sun didn’t shine..
He picked up his shovel and he went to the mines
He loaded 16 tons of that number 9 coal..Til-
the Straw boss said Well-uh b-less my soul!
[CHR]
You load 16 tons and whaddaya get??
another day older and deeper in debt
Saint Peter don’tcha call me ‘Cause-
I can’t go…I owe my soul to the Company
Store
[3vs]
He was born one morning it was drizzlin’ rain
fightin’and trouble are his middle name
He was raised in a cave,bred by an old mama lion
ain’t no high tone woman makes him walk the line
[4vs]
So if you see him coming..you better step aside,-
Alot of men didn’t and alot of men died.
He’s got one fist of iron, and the other of
steel..And if the right one doesn’t get you..
Then the left one will…
[CHR]
The company store was key here.
No real money ever changed hands, just credits…
Feudalism does not require central banks.
It is a form of social organization that’s been around since the beginning of time. Mark Lytle
Israel had a system of government that required return of family lands every 50 years and debt forgiveness every 7 years. Thus it prevented permanent wealth and power centralization. Frankly, I think the US needs such a reset particularly since the very wealthy have very likely gotten that way due to government priviledge.
Also, as a former IT guy, I have to say the final impact of computers and microchips has not been decided. It generally seems to favor the elites, because of their hunger for control. Only a small percent of the ‘masses’ use it for anything more than necessary business, or entertainment.
@Beard
Both socialism and capitalism depend on a government enforced monopoly money supply. My belief is that this is the key to tyranny. There are ways to do money that do not require borrowing-lending, that share wealth rather than loot it, that are decentralized rather than centralized. With computers and modern communications they should be practical if only the law allowed.
Sorry, no.
You had no central banks in the middle ages.
Feudalism does not require central banks.
It is a form of social organization that’s been around since the beginning of time.
The dirty secret is that neither socialism nor capitalism, long term delivers the goods of a distributed political power system, favorable to republican democracy. Mark Lytle
Both socialism and capitalism depend on a government enforced monopoly money supply. My belief is that this is the key to tyranny. There are ways to do money that do not require borrowing-lending, that share wealth rather than loot it, that are decentralized rather than centralized. With computers and modern communications they should be practical if only the law allowed.
Conspiracy of thieves…. Mark Lytle
Yep, the counterfeiting cartel and their borrowers:
If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered…I believe that banking institutions are more dangerous to our liberties than standing armies… The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.” attributed to Thomas Jefferson from http://wiki.monticello.org/mediawiki/index.php/Private_Banks_%28Quotation%29
But they risk this:
“… now, will not God bring about justice for His elect who cry to Him day and night, and will He delay long over them? I tell you that He will bring about justice for them quickly. However, when the Son of Man comes, will He find faith on the earth?” Luke 18:7-9 (New American Standard Bible)
@Beard
“Well, that’s a political decision. I think like all political decisions it should be made at the lowest practical level.”
What’s that? If you mean a ‘free market’ that creates another oligarchy, then the current system is O.K.
The dirty secret is that neither socialism nor capitalism, long term delivers the goods of a distributed political power system, favorable to republican democracy. Both systems concentrate power and create feudalism.
A thorium Oligarchy will just join the other “big boys” in Pharma, Food, Banking, Oil, with no real opposition..
Well, maybe oil won’t like it, but if they try anti-trust and awaken it, it may be used against them, too.
Conspiracy of thieves….
The best technical solution is not a priori, necessarily, the best economic/social/political solution Mark Lytle
Well, that’s a political decision. I think like all political decisions it should be made at the lowest practical level.
@ Beard
“While I believe in principled solutions, I would not object to more pragmatic solutions to break up abusive monopolies. And though the concept of breaking up “too big to fail” corporations sounds crude and unprincipled to me, there is wisdom in diversification.”
True enough.
But right now, we have anti-trust laws aplenty, and they are totally ignored. Once combinations of Monopolies and Oligarchies have taken over your political/legal system (and they have) you can forget about anti-trust.
This is exactly where we are. Oligarchies controlling everything and stifling the whole political system in order to raid it, free of legal constraints..
If you end up with an ‘Oligarchy’ in the Thorium space, it’s not much better than a monopoly really. Mark Lytle
While I believe in principled solutions, I would not object to more pragmatic solutions to break up abusive monopolies. And though the concept of breaking up “too big to fail” corporations sounds crude and unprincipled to me, there is wisdom in diversification.
The best technical solution is not a priori, necessarily, the best economic/social/political solution
If you end up with an ‘Oligarchy’ in the Thorium space, it’s not much better than a monopoly really. This would surely happen.
I would add that in the oil business it’s possible in places like Pennsylvania, where I grew up, because oil is close to the surface in some areas, you could drill your own (small) oil well. Something like your example. However, prices paid for your product is governed by the ‘big boys’.
The Death Of Cash? All Over The World Governments Are Banning Large Cash Transactions Mirror^2
Hey IRS, are you proud of the fact you are helping to bring on “666″? Hey busybody drug warriors, are you happy too? And let’s not forget the MIC whose business is to create profitable enemies (“terrorists”).
The bad news is my country is being destroyed. The good news is that I see it deserves it more and more.
@Beard
So I could be a competitor in the thorium space, have my own power plant? Like a small one I could afford in my garage, like an independent trucker?
@Beard
Yes, the bankings system are is at a point where the decision you are talking about must be made.
Two statements here, could you connect them, please? : Mark Lytle
Consider the trucking industry; they all use diesel yet they are not a monopoly since there are competing companies and even individual truck owners/operators.
@Mark Lytle,
The way I see it, with our current banking and money system, the system must either move on to a one world currency and one world government or it must radically decentralize. If the former then the End (666) is near, if the later then we might put it off and have a golden age of sorts. These are interesting times.
@Beard
Two statements here, could you connect them, please? :
(1) However, based on economics, I predict a free market would pick thorium.
(2) A monopoly because they all use thorium? That does not follow. Power companies now are in completion with each other in certain areas. I don’t see why that would change.
The Death Of Cash? All Over The World Governments Are Banning Large Cash Transactions
http://theeconomiccollapseblog.com/archives/the-death-of-cash-all-over-the-world-governments-are-banning-large-cash-transactions
Feudalism did very well, thank you, without central banks..That is where we are headed with or without central banks..It just depends who runs the feudal state…
Right now it’s bankers, but others, even the Catholic church, has had that roll at one time or another..
If say, 1500 thorium Nuclear plants, running quietly and safely replaced all those other things, you would end up with employment wise, a much, much smaller energy industry,and you would have created an extraordinarily powerful energy monopoly, … Mark Lytle
A monopoly because they all use thorium? That does not follow. Power companies now are in completion with each other in certain areas. I don’t see why that would change.
But if the US is so stupid as to continue to allow government backed monopolies then who cares anyway?
This would also be true if central banks didn’t exist…
Because we have the best Government money can buy…
Virtuous monopoly = oxymoron
“But most monopolies are unstable UNLESS they are protected by government.”
Well, our current monopolies _are_ protect by Government.
Because …. Our present monopolies ‘own’ the government.
Really, if you get right down to it, I would like to see home oriented solar, and very small windmills take off, because it takes control away from the big corporations slightly… Mark Lytle
If the corporations did not have access to the government backed counterfeiting cartel then power and wealth would be much more evenly distributed in society.
Well I never ! ….
Secret services ‘must be made more transparent’
http://www.independent.co.uk/news/uk/home-news/secret-services-must-be-made-more-transparent-2064948.html
Demos fears government terror strategy ‘fuels mistrust’
http://www.bbc.co.uk/news/uk-11123105
I would also add, that if thorium, displaced wind, solar, Uranium based nuclear, coal and even much of the petroleum energy industry, think what that means.
If say, 1500 thorium Nuclear plants, running quietly and safely replaced all those other things, you would end up with employment wise, a much, much smaller energy industry,and you would have created an extraordinarily powerful energy monopoly, that could charge whatever it wishes for probably almost free energy. They would make obscene profits after a while, and like other corporate monopolies in the past, they would spend the money on something, more or less, obscene….
Bernanke is interesting. I think he means well, which I never thought for a moment that Greenspan did. That Greenspan has not put a bag over his head speaks volumes.
Well, your free market will get us back to a monopoly eventually… Mark Lytle
There is such a thing as a “virtuous monopoly” where the company is so good that it deserves its monopoly. But most monopolies are unstable UNLESS they are protected by government.
@Jesse ….. Rumours China Central Bank Chief Leaves (Flees) Country
“And here I was expecting Benny to flee first. lol.”
Ditto .. my first thoughts !
LOL
Well, your free market will get us back to a monopoly eventually…
Like we need more monopolies…
Really, if you get right down to it, I would like to see home oriented solar, and very small windmills take off, because it takes control away from the big corporations slightly, just like the way that backyard gardens drain some power from corporate food giants…
Energy supplies should stay diverse. Mark Lytle
I believe the free market should make energy decisions. So of course, depending on circumstances, any number of energy alternatives could make sense. What I object to is government subsidies that distort the market. However, based on economics, I predict a free market would pick thorium. It’s becoming apparent that uranium was picked just to make nuclear weapons easier to make. BTW, I am not opposed to nuclear weapons. They can reach out and touch the bankers so it makes it less likely that they will promote wars as they have in the past. I do not want a world that is safe for bankers.
Regardless of their reassuring rhetoric, it appears that central bankers have little ammunition left to employ against the gathering forces of deflation. Two year sovereign debt in the major advanced nations is presently averaging an anemic 0.562% (Fr 0.794%; UK 0.672%; Ger 0.644%; US 0.564%; Jpn 0.135%). Such low rates are indicative of less than stellar aggregate demand and a higher than hoped likelihood of continuing economic malasie. A further, significant reduction in nominal rates is not possible.
Additional wholesale purchases of government bonds by central banks is probably the last remaining tool of these Molochian scoundrels and will likely constitute the end game of our present financial regime. Exchange values of the currencies of the largest money polluters will suffer the worst debasement. Holders of large current account surplusses will leave the table with broken, bloody noses. International diversification away from the dollar will be possible only if the petroleum-dollar link can effectively be broken – I believe that the US would go to war to prevent this from happening. However, the Euro has few merits that I can see which guarantee its continuance. Prognosis: coming rapid inflation of commodity prices; and slow and painful deflation of debt.
Current foreign holdings of US debt amounting to US$ 3.2 trillion, resting upon a monetary base of US$ 2.0 trillion, cannot be repatriated and are now sunk costs for foreign investors.
I fear that dreadful, major systemic adjustments are ahead for the global financial system. And that it is much too late for central bankers, whatever their tools, to resuscitate this pathetic, rotting carcass of fiat money reduced, ultimately, to absurdity.
So I would like to see a few of everything…
Energy supplies should stay diverse. If Thorium Nuclear plants started being built ‘en mass’ and other energy forms were marginalized, you would end up with a ‘Thorium cartel’…
@Beard
I don’t mind Thorium, but I still like windmills…
@F.Beard – sorry! I was at the studio and didn’t have time to write out Long Island!!!!
All roads lead to Rome – at least they do if that’s your destination. What Me Worry
LA has seven hills too and is a seaport, in fact, America’s biggest.
Heading for LI, CT and RI where all my peeps live. Stacy
You hurt my brain with that “LI” reference. I was thinking what state has the initials “LI”? BTW Stacy, I don’t notice your Yankee accent.
@F Beard – many thanks. All roads lead to Rome – at least they do if that’s your destination. Oh well, dreamtime for me, perchance to sleep.
What do I think of the UN? Probably a hazard to humanity. Mankind is dangerous when “united”, hence the scattering at the Tower of Babel.
And here I was expecting Benny to flee first. lol.
Rumours China Central Bank Chief Leaves (Flees) Country
http://www.stratfor.com/analysis/20100830_china_rumors_central_bank_chiefs_defection
Stratfor has a little more credibility than debkafile, which is not saying all that much. I thought this headline was interesting from a number of dimensions, conintelpro, etc.
@What Me Worry,
Here are the references to “seven heads” in the Bible including the ones you want: http://www.biblegateway.com/quicksearch/?quicksearch=seven+heads&qs_version=NASB
The Old Testament has plenty of End Time references too.
Talking about banks….
Moody’s Issues Stern Warning On China’s Pyramid Bank Recapitalization Scheme; Has CIC Entered A Funding Crisis?
http://www.zerohedge.com/article/moodys-issues-stern-warning-chinas-pyramid-bank-recapitalization-scheme-has-cic-entered-fund
@F Beard – can you supply a Bible quote reference ‘Seven Headed Beast’? I think somewhere in Revelations…. and what d’yer reckon of UN?
@Stacy – reference UK obsession and EA hyped ‘liar loans’, have you seen this?
1 of 3:
http://www.youtube.com/watch?v=vT1UnGS91BY
finaly somtin Positive – for what it’s worth:
Morocco Solar Project Seeks Investors, Still in Early Stage, Desertec Says http://www.bloomberg.com/news/2010-08-30/morocco-solar-project-seeks-investors-still-in-early-stage-desertec-says.html
A plan supported by Siemens AG and Munich Re to develop renewable energy in the Sahara desert starting with a plant in Morocco lacks investors and is still being organized, the project chief said.
“We’re in the very early stages, the letter-writing stage, and don’t have any investors yet,” Paul van Son, who heads the Desertec initiative, said today in an interview.
Desertec aims to generate power in the Sahara using solar- electricity generators and wind turbines and is supported by companies including Siemens, Europe’s largest engineering company, and Munich Re, the world’s biggest reinsurer.
Last month Desertec announced that it was planning a pilot plant in Morocco as a way to test the feasibility of the project. The Moroccan experiment is likely to generate about 1,000 megawatts of electricity when completed.
Thanks Mark. Go thorium!
And as for the windmills? We can run them backwards with the excessive power to provide nice breezes for sailboat races.
“And the lord said, behold, the people is one, and have all one language; and this they begin to do: and now nothing shall be restrained from them, which they have imagined to do. Go to, let us go down, and there confound their language, that they may not understand one another’s speech. “Genesis chptr. 12, v6-7.
Isis
sis
is
The upper preisthood in Hebrew is Nazi/Nasi, while head scientists are found in NASA. NSA—-National Security Agency. A secular head in Egyptian and Persian is SAR. Reversed it is Ras in Arabic and Hebrew, Raish in Chaldean, Rash in Samaritan, and Ryas in Ethiopic. All mean head. An Egyptian tribute to Ceasar, written in Greek, has his name as KAZAR, and in old latin they spelled it KAISER. From this we have the KAZARs who adopted Judaism, Kaiser of Germany, and Czar of Russia. Masons are known amongst themselves as lions. Leo, Leonin, Lenin are variations.Christians sing “NOEL, Noel” at Christmas without knowing that a cunning enemy has mocked them once again, and, typically cabalistic in composition, it contains Leon and “le”(French–”the”) “On. So we have people innocently rendering, “The ON, THE ON, the angels did sing, “ON being the masonic reference to the FORCE that drives the SUN. Represented symbolically as the lion.
Earl becomes a category 3: http://twitter.com/Reuters/status/22530372998
Heading for LI, CT and RI where all my peeps live. Hopefully it will be more an Emily (’87) than a 1938: http://en.wikipedia.org/wiki/New_England_Hurricane_of_1938
WOIII in the Making!
Obama Will Revamp U.S. Export Controls by Narrowing Military Restrictions http://www.bloomberg.com/news/2010-08-30/obama-to-revamp-u-s-export-controls-by-narrowing-military-restrictions.html
Mr Bean? See what I mean about English names? But down to a solution:
1. Bailout the population with new legal tender fiat given equally to every adult. In the case of the US that would be debt and interest free United States Notes. The amount should be sufficient to enable every underwater homeowner on average to pay down to his mortgage to market price levels times TWO since that is the minimum compensation for theft in the Bible.
2) Set bank reserve requirements to 100% to put them out of the counterfeiting business. With all that new legal tender who would need leverage anyway?
3) After a time to allow debts to be cleared, then remove the legal tender property of currency so that it is only legal tender for government debts not private.
4) Modify tax laws to allow alternative currencies to serve the private sector.
Then hopefully we would have an economy with the excessive debt cleared, the cause of the problem eliminated, and a separation between government and private money supplies to prevent one from hosing the other.
One by One the Cities Drop!
Ten Dead American Cities – Buffalo and Flint lead the way http://www.newser.com/story/99141/ten-dead-american-cities.html
“David Cameron has pledged to cut booze-fuelled violence by making it harder for landlords to get late licences.”
But oil-fuelled violence still OK by making it easier to ignore invasion of innocent nations.
http://www.mirror.co.uk/news/top-stories/2010/08/30/david-cameron-to-call-time-on-strict-alcohol-laws-exclusive-115875-22523936/
“President Barack Obama’s administration has asserted the EPA’s authority to impose limits on carbon emissions after legislation to do so stalled in Congress. Senators such as JAY ROCKEFELLER, a West Virginia Democrat, say EPA rules for greenhouse gases may hurt the economy. Rockefeller has proposed a two-year suspension of EPA action.”
Your Enslavement can begin!
Greenhouse-Gas Regulation Backed by a Majority in Defense Council’s Poll http://www.bloomberg.com/news/2010-08-30/greenhouse-gas-regulation-backed-by-majority-in-u-s-poll-by-group-nrdc.html
“Blair secretly courted Robert Mugabe to boost trade”
http://www.independent.co.uk/news/uk/politics/blair-secretly-courted-robert-mugabe-to-boost-trade-2065557.html
Pots and kettles……………………………………………
@Mark Lytle
Indeedy! Under plans already announced, China intends to spend $50 billion to build 32 nuclear plants by 2020. http://www.washingtonpost.com/wp-dyn/content/article/2007/05/28/AR2007052801051.html
The U.S.???
Following a 30-year period in which few new reactors were built, it is expected that 4-6 new units may come on line by 2018.
Nuclear Power in the USA http://www.world-nuclear.org/info/inf41.html
U.S. Should Put Growth Ahead of Deficit Cuts, Economists Say http://www.bloomberg.com/news/2010-08-30/u-s-should-put-spurring-growth-ahead-of-cutting-deficit-economists-say.html
“The deficit concerns are on the back burner”
Deficit Cost Declines Give Obama Stimulus Clinton Couldn’t Get, 30 August 2010, by Liz Capo McCormick and Susanne Walker (Bloomberg) http://www.bloomberg.com/news/2010-08-29/deficit-costs-declining-give-obama-stimulus-incentive-clinton-couldn-t-get.html
@youri
Oh yes, China is more progressive in some ways then the U.S. Which is a startlingly sad statement.
@Mark Lytle
Obama could do a lot but the lazy Rockefella hoe does Notin – No-Thing – Nada- Noppus Rien!!!
China is deadly serious about renewables!!!
China To Close 2,000 Factories In Energy Crackdown http://hardware.slashdot.org/story/10/08/10/0324229/China-To-Close-2000-Factories-In-Energy-Crackdown
China’s $736-billion push to harness nuclear, wind, solar and biomass energy hinges on making the cleaner fuels competitive with cheap and CO2-intensive coal without derailing surging industrial growth. http://www.commodities-now.com/reports/power-and-energy/3430-china-clean-energy-plan-hinges-on-coal-price.html
(in charts)
David Rosenberg: THIS Is What A Bear Market In Housing Looks Like
http://www.businessinsider.com/david-rosenberg-housing-bear-market-2010-8#-1
WTF!!! In the article they say they opposite??? “Crude Oil Trades Above $75 After Rising on Optimism U.S. Economy Will Grow”
Slightly off-topic but this is an article the F. Beard would like:
Obama could kill fossil fuels overnight with a nuclear dash for thorium
http://www.telegraph.co.uk/finance/comment/7970619/Obama-could-kill-fossil-fuels-overnight-with-a-nuclear-dash-for-thorium.html
Dr Rubbia says a tonne of the silvery metal – named after the Norse god of thunder, who also gave us Thor’s day or Thursday – produces as much energy as 200 tonnes of uranium, or 3,500,000 tonnes of coal. A mere fistful would light London for a week.
Once you start looking more closely, it blows your mind away. You can run civilisation on thorium for hundreds of thousands of years, and it’s essentially free. You don’t have to deal with uranium cartels,” he said.
Thorium is so common that miners treat it as a nuisance, a radioactive by-product if they try to dig up rare earth metals. The US and Australia are full of the stuff. So are the granite rocks of Cornwall. You do not need much: all is potentially usable as fuel, compared to just 0.7pc for uranium.
WTF is this!!!!! Crude Oil Trades Above $75 After Rising on Optimism U.S. Economy Will Grow ??? http://www.bloomberg.com/news/2010-08-30/crude-oil-trades-above-75-after-rising-on-optimism-u-s-economy-will-grow.html
This proves again that the oil price is decided from some London office! I mean how stupid can you be if every serious analyst including the Goldman Sachs Mafia says it’s declining!!?
@frances snoot
btw Bernanke is not planning it, he’s allready Doing it!
The Fed this week reinstated its program of purchasing Treasuries in a bid to lower long-term interest rates and support the economic recovery, which has shown signs of weakening.
In 2009, the Fed bought $300 billion Treasuries over a six-month period.
Earlier Thursday, the Fed bought $3.61 billion in Treasuries after it purchased $2.55 billion two days ago.
from: Fed balance sheet shrinks on less mortgage debt, 19 August 2010, New York (Reuters) http://www.reuters.com/article/idUSTRE67I5B520100819?type=GCA-Economy2010
Take it away Sam!
http://www.youtube.com/watch?v=kmiCp45uCqw&feature=related
Sorry Brandon (not Branden).
Rockefellers Cap & Trade was mend to enslave the world under their control, ahah Forget about it!
@Illinois Branden: I was watching Katrina on CNN and BBC World when it hit and for a few weeks after – the news coverage focus was on the mayhem and no word regarding inaction of the govmint. Just endless footage of people living in stadiums and the foolishness of the people trying to ‘escape’ (traffic jams / no fuel / etc. etc). No criticism of Bush inaction whatsoever.
Jibber Jabber
Bernanke,, Paulson, Geithner
http://sendables.jibjab.com/view/9OhPFg4iDt2pFfH2
So Funny how China is using it’s “Save the Earth” argument to give the U.S.A. a piece of their own BS rhetorics!
China Freaks Out The World By Announcing Restrictions On Export Of Metals Crucial For National Defense http://forum.prisonplanet.com/index.php?topic=184993.0
@Illinois Brandon
I can’t speak for Europe but in the Netherlands the news on the U.S. is much distorted. They don’t tell you anything serious about what’s going on now in the U.S.. The Dutch media has it’s head in the sand.
Have you noticed that gold and silver always goes down on monday mornings. Criminals at JP Morgan and at the COMEX at work. It’s systematic. They try to give a negative momentum for the week by hammering it the first of the week. The crime is always done in Asia before the US rackets open.
America top enemy is it debt say top military. Does he mean that the enemy is the FED and its politicians ? Don’t look for the enemy in Iran. Arrest the FED.
@YouriCarma,
What was the European view on Hurricane Katrina? I heard many were appalled by the way the US government handled it. Many Americans were too it pretty much killed the rest of Bush’s term.
It’s the Wizard of Oz ! Harry Potter is a central bankster ! Everybody knows that !
@YouriCarma,
It might the US auto industry the strong Yen. They have complained about what they see as an undervalued Yen for years. However the Japanese companies have several manufacturing plants in the US so that would lessen the blow of the Yen’s rise.
America’s Top Military Chief: Debt is Main Threat to U.S. National Security … Pentagon Must Cut Spending, 28 August 2010, (Washington’s Blog) http://georgewashington2.blogspot.com/2010/08/chairman-of-joint-chiefs-pentagon-must.html
Chairman Of Joint Chiefs Of Staff Says National Debt Is Biggest Threat To National Security, 28 august 2010, by Tyler durden (Zero Hedge) http://www.zerohedge.com/article/chairman-joint-chiefs-staff-says-national-debt-biggest-threat-national-security
“Mr Bernanke also hinted that he was prepared to employ more asset purchases if necessary.”
What conditions and who is operating this little schematic? It surely relates to the Dodd bill killing ratings backing for asset-backed securities. Does this give us more or less time?
January is the deadline extended to secure the asset-securities market from Dodd the Clod, right? Is the FED now to become the sole rating agency? Sole as in the definition:
“To put the sole of (a golf club) on the ground, as in preparing to make a stroke.”
http://www.answers.com/topic/sole
In the Vid (under) it’s said that the BOJ is not helped by other central banks around the world to push the Yen down by FX intervention.
Still they could do it themselves but they only have so much ammunition which could be the reason why they didn’t use that “weapon” immediately.
Maybe the could get closer to China on that matter since the U.S. won’t help cause it’s only helping themselves by trying to export the crises to somewere else.
It previously attacked the Euro to bring it down and wants to see China rasing it’s currency so that it’s exports go down.
Yen Advances on Concern BOJ Steps Won’t Be Enough to Curb Gains
30 August 2010, by Bo Nielsen (Bloomberg) http://www.bloomberg.com/news/2010-08-30/yen-pares-loss-on-concern-boj-s-steps-not-enough-to-curb-currency-s-gains.html
The yen rose against the dollar on speculation the Bank of Japan’s decision to increase credit- easing measures won’t be enough to weaken the nation’s currency from almost its highest level in 15 years.
CNBC Video: Japanese Deflation Persists http://www.cnbc.com/id/15840232?video=1575918269&play=1
Hurricane Earl is very close to being a major cateorgy three hurricane. Their are several computer models that have it hitting the maritimes of Canada as a strong Cateorgy two storm so have it hitting the US a major Hurricane last this week. Watch this storm!
@ davem
I know in Holland Albert SPits who advises some pensionfunds have hed them heavily invested in Gold Obout 10% I thought before thereal crises broke out. So these pensionfunds don’t have any problems untill know. The only problem is (as I see it) that the be able to pay out all that money…they can only do that building up a piramide game.
“But Mr Bean devoted much of his speech to promoting the need to extend the range of the Bank of England’s powers as part of the new “macro-prudential policy” – details of which will be revealed in the Financial Services Regulation Bill later this year.”
With Kings buddie Osborne in place the takeover is all but complete. BOE will get its powers without anyone thinking of questioning “should” they get such powers.
Browns first reaction to the crisis was to raise interest rates. Who talked him into ZIRP?
Thanks Dedo, sorry too to you Stacey, I’ll try to behave.
davem and anyone else popping in here and thinking about gold check out Eric King
“Investors sometimes get caught up in the day to day and week to week movements in gold and silver. Don’t waste your time or energy on that, just accumulate. Standing in front of us is the greatest transfer of wealth in history. When the dust settles, those holding the gold will make the rules.”
Eric King
KingWorldNews.com
And when you walk past a bank think the vilest thoughts you can and you wont be near how bad they are. Just remember to walk past !
@Sam,..rearrange these words and letters: dcuks off wtaer a bcak !
http://farm3.static.flickr.com/2413/2010990955_e491419479_b.jpg
but then again, ideology does after all make very smart people occasionally do very dumb things or omit from doing very smart things……..sigh
You know I am sitting here in Australian and the State-TV is broadcasting news about the recent “Tea Party” rally in the US, and in quite a moderately even-handed fashion, too – & I couldn’t help but wonder: even if you absolutely despise them in general & the principles for which they stand…why wouldn’t you – Stacy & Max – at least PRETEND to be a part of the “Tea Party” to increase and bolster the support for however you’d describe your own hopes and aspirations? Think of how much more exposure you could have got…
My apologies, you can ignore link to:
ttp://www.un.org/esa/sustdev/csd/csd11/csd11res.pdf
But please do read:
http://www.cuttingthroughthematrix.com/articles/Agenda21.pdf
Ref. Agenda 21 – if your ears are better than your eyes and you don’t enjoy reading:
http://www.youtube.com/watch?v=JOFdBjkzBmU
Where’s F Beard when you need him? The ‘Seven Headed Beast’ and all that:
UN Agenda (overriding every single sovereign governments ‘plans’) big picture available here:
http://www.un.org/esa/sustdev/csd/csd11/csd11res.pdf
Overview here: http://www.magic-city-news.com/textfiles/sd-guide.pdf
The early spin 4 years ago:
http://www.guardian.co.uk/science/2006/jun/20/food.frontpagenews
Or if you don’t trust tree-huggers:
http://www.guardian.co.uk/environment/2010/aug/08/pavlovsk-seed-bank-russia
Star here if you want to get depressed and paranoid:
http://www.treehugger.com/files/2010/08/tweet-to-save-pavlovsk-world-largest-berry-seed-bank.php
davem – do your best to get rid of the middle man/women and do some research to be able to do it yourself. People get shafted in the financial world because they dont believe they can do it themselves and they have been brainwashed into thinking they need banks/brokers and what not. If you live in the UK there are two main centers for precious metals – London and Birmingham you also have ebay, gold almost always sells at spot or just above there. Best to buy local and make sure you can check out the hallmarks and weight in person before handing over the paper stuff. Also Gold Sovereigns Are Exempt From Capital Gains Tax in the UK as far as I know.
http://www.taxfreegold.co.uk/capitalgainstax.html
@MirrorMirror & Brett: this is ‘true news’ and contrasts with other recent news regarding elimination (proposed) of Russian seed conservatory and also UK close/move/undecided seed bank status.
Bankers are my new heros. dey fry in from all over de world to use da power dey have to eat really good food and pray golf. dis morning, I am going to hold in my morning cleansing in honor of dheir superpowers
@Brett Gallie … Norway Vault
Sounds more like science fiction, but if all his facts are right then that is some explosive article ( and book ).
Maybe he’s just trying to sell his book ?
OTOH, I doubt it … seems more like a pretty serious guy.
Hey, if Dedo is around, I really wanted to apologize about what a jerk I was the other night. The alcohol sure does have some mood swings, love ya baby. You really are awesome!
BoE is conjoined twin of the FedRes (maybe triplet, quadruplet, quintuplet, sextuplet, septuplet, octuplet, if you consider other CB’s) – Merv ‘The Swerve’ King told me in a letter I received from him in response to my concern regarding UK QE: “FedRes has tried this successful policy and everything will be just fine.”
Cartoon powers indeed and in practice also.
so this appears to be a synchronised printing of money by the main players , and the promise by the BOE to be more strict.
Bit late for that Mr BOE.
If like the stock market that is being manipulated, what could they manipulate with this synchro prinathon ? By printing money are they not weakening the buying power of the pound/dollar in our pockets and eroding the value of pensions and what not ?
IS their aim to devalue the currency to make the debt it owes to foreign investors less?
thanks flicks – that’s a good point – try to buy at spot price. i’ve no idea what price they sell gold in these funds. Also I’d have to shift funds again in future, once gold reaches a peak.
@Tofu Charlie
Thanks to a link on your site I found out that Matt Simmons is dead.
http://www.youtube.com/watch?v=9tCmovumHKo
http://www.youtube.com/watch?v=n4Ql3-XeXJg&feature=related
A heart attack is the official line, just as with Ian Tomlinson.
http://en.wikipedia.org/wiki/Ian_Tomlinson
Seems that there’s still work to be completed in the Gulf of Mexico.
http://www.charlotteobserver.com/2010/08/18/1630387/feds-no-timeline-for-completing.html
Oh When…WHEN will we see TOB ????
Mike
davem – “by thinking of shifting the units into gold.” that’s good thinking
I’d go for it and do your best to get gold or silver at spot price.
I guess one of the perceived weakness in physical – the problem of easy liquidity at best price and therefore confidence.
I saw it as so important that I moved 3 miles from where I can liquidate physically at best price.
lesson its not a good time to live in the middle of no where with out a car.
@flicks
I agree with you completely. It’s just that I started this pension a long time ago, conned by a so called financial advisor, and since then it’s never even been worth what I’ve paid into it! I hate to I think if I cash it in now I’ll just end up with a fraction of that! So am trying to make the best of a bad situation by thinking of shifting the units into gold. Wish I’d never started the bloody thing.
Good morning Max & Stacy,
Its a sunny bank holiday Monday here in London…
Having watched the recent Keiser Report on the race for the Artic…the plot thickens… apparently they are building a Doomsday Seed Vault near the Artic… my attention was drawn to the following this morning;
“Doomsday Seed Vault” in the Arctic
Bill Gates, Rockefeller and the GMO giants know something we don’t ?
http://www.globalresearch.ca/index.php?context=va&aid=7529
davem – it makes sense to have physical gold and silver.
And near to a place where you can liquidate asap. Fuck pension
companies.
@davem … “And why do the pension companies describe the risk rating as “Very adventurous” for these funds? ”
Because they know the price is manipulated.
The “adventure risk” I would describe as follows :
“What are the chances of the Central Banking system becoming honest ?”
Answer : chances are not good .. but getting better the nearer the system gets to collapsing
24 billion later…
Greens want quicker wind-down of Anglo Irish Bank
http://www.irishtimes.com/newspaper/frontpage/2010/0830/1224277856108.html
Does it make sense to have a pension plan with funds in gold? Anyone have experience of this? And why do the pension companies describe the risk rating as “Very adventurous” for these funds? I thought gold was a safe haven?
MirrorMirror – Ooops sorry missed that- busy morning.
Silver at $ 19
blast off ?
@flicks ….”silverfuterist reply to jberni interview :-”
Yes, that’s the same as my first comment on the jberni interview.
http://www.youtube.com/user/silverfuturist
As I said, nice guy, but a little naive IMO.
There is too much Govt. intervention .. which is why the markets are NOT functioning as a free capitalistic system.
As the guy in this video said … the (research) data is correct, but nobody can predict what the Govt. (interventionist) will do next.
You better “prediction chances” in a Casino … assuming it is also NOT rigged.
Several questions for max and stacy-
1. Are there any lists of the attendees at the Jackson Hole conference? If so, it would be interesting to see which nations are NOT represented.
2. Creating a basket of investments into the nations which are NOT playing into the QE-2 methodology might be an intriguing possibility.
3. How do the Australian, Kiwi, and Canadian Central banks play into or against QE-2 by the Bank of England? Does the Chancellor of the Eschequer (sp?) end up impacting the other commonwealth central banks with these QE pronouncements?
First!