Stacy Summary: That’s $4 trillion per day. A friend who was a currency trader at a previously major Irish bank said that each morning the forex team would be presented with the total assets of the bank that day and told to go trade it. This person said that it was such a terrifying and stressful job because every day could have been the bank’s last if one of these trades went wrong. And he was trading when volume was half what it is today. And all those bankers involved in a massive, expensive and elaborate fraud involving paying off tens of thousands of scientists just to get a measly few billion per year on some commodity that is easily replaceable are so stupid because there are billions to be scooped out of the $4 trillion forex market every day. And if you think the Dow melting down made it easy to hold up the population, wait until you see the currency markets meltdown. The consumer ponzi population will surely run in terror and panic when you crash it and give you their first born just to make the currency chaos go away.
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I cleaned the attic with the wife the other day.
Now I can’t get the cobwebs out of her hair.
Yeah but, the banks are doing ok.
“Andrew Milligan, head of global strategy at Standard Life Investments, said: “Concerns about a double-dip recession are certainly overblown. Too few investors look at economic history. In reality such events are really rather rare, especially once a private sector recovery has begun.”
p://www.telegraph.co.uk/finance/economics/7974055/Double-dip-fears-overdone-as-fund-managers-plough-back-into-UK-shares.html
BS’ing people out of their dosh
Its the end of the world as we know it and I got silver……does Sherby want some shiny earrings????? I trade my FRN for sherby luv
ON a side note; I would like to take this opportunity to thank you, Stacy and Max, for allowing your comment section the freedom of expression/speech that you have,
Other’s I’ve participated in have comments ‘moderated’, approved before posting or kicked off -any not to ‘their’ liking. This to me is a form of Internet kill or scrubbing that does no good at all for sharing of ideas and information.
I wonder how these same people feel about net neutrality?
Which makes your site much appreciated, I’m sure at times it is not easy.
Looks like an significant piece of writing on gold by Robert Kientz posted on Seeking Alpha that GATA have picked up on :-
http://www.gata.org/node/8972
That link I gave you to the $4 trillion in “counterfeit” US Treasury bonds seized in Philippines in 2004…..I think I had it exactly backwards.
Max. I said tell Jim Rickards I knew where the stolen trillions he says is missing from bond sales went……I was wrong.
You know how he said the Failure to Deliver from the Naked Shorts had reached @1 trillion in a week???
Maybe they were counterfeiting REAL bonds and delivering them…….I mean, they ARE criminals cronies that want NO AUDIT.
Stacy: I had this thought today: what makes the entire world accept US FRNs? Why does the world still do so? Seems illogical really, lend to the largest debtor? Why not give the keys to your vault to your teenager before you go on holiday?
I have a *funny feeling* that the next revelation will come from some head of state somewhere….alleging Obama or whoever in US, is threatening them to still accept FRNs.
Call me crazy, call l me Madame Cleo….but I just “have a hunch.” Let’s see what happens….
@flicks
Check out Peter Warburton at Gata:
http://gata.org/node/8303
His book is pretty good too!
Virtual world of make believe and nothingness. And to say our destiny dependa on these vile stupidities in the forex.
4 trillion x 365. Now that makes of almost 1,5 quadrillion ? Another stupid bubble.
How odd is this?
This guy was an Egyptian king over the same time period, the same land, that the jewish “king david” was king over his huge kingdom…and they both are in the same place!!!
Isn’t that “strange?”
Wikipedia:
Psusennes I: Pharaoh of Egypt
Reign 1047 – 1001 BC, 21st Dynasty
“Akhe[perre]” (Peter of the Cross] Setepenamun Yes, he was a “Peter” too, a ROCK of the EGYPTIAN church.
But get this:
Nomen: Pasebakhaenniut: “The Star has Come Into The City.” His name was LITERALLY “The Star has Come Into The City.”
I wonder what City a Star is associated with during THIS time period???
There’s more:
Horus name: Kanakhtemawyamen Userfau Sekhaemwaset [I'll be back when I figure out WHICH "Apostle of Christ" this guy was. That's correct: his "Horus" name was his JESUS name, the one he adopted, like Catholics do during CONFIRMATION, after the ceremony of him becoming a Christ. They all did. [I am back: he's "James." look at this!!!]:
“The Four Disciples
Massey – ‘Ancient Egypt’ : “”In the astronomical mythology the earth was the coffin of Osiris; the coffin of Amenta which Sut, the power of darkness, closed upon his brother when he betrayed him to his death. Then the four “living creatures” or “four glorified ones” who rose again with Horus from the dead were stationed at the four corners of the coffin of the earth, in which Osiris as the elemental god was buried. In the Egyptian drawings, the earth is represented by the lotus or papyrus-plant on which the four attendant spirits stand. This is equivalent to the four corners on which a new heaven had been based in the creation of Atum-Ra. These were four of the primordial powers which had been the brothers of Horus in the earlier mythos who are now called his children, when Horus is said to have “come to light in his own children”. This is in the resurrection as it was rendered in the Osirian eschatology (Rit., ch. 112). Thus, when Horus rose again upon the mount of resurrection in Amenta he was accompanied by the spirits of the four corners with whom his fold was founded (Rit., ch. 97). The scene of the mystery on the mount is reproduced in the Gospels. According to Matthew, when Jesus “opened his mouth” to deliver the Sermon on the Mount, only four of the disciples accompanied him. These were Simon-Peter, Andrew, and the two brothers John and James (Chs. iv,v and x). ”
That just told you EVERYTHING a halfway intelligent person needs to figure it all out.
“Simon-Peter”: in reality Siamun Perre. “James” in reality Djema the Heperu.
Starting to make sense yet???? There WAS a “JESUS wandering around the land with his BROTHERS. Princes of Egypt.
GOT THAT????? Here we have DAVID and his FAMILY!!!!! YES, “JESUS DID COME FROM THE FAMILY OF “DAVID.” THEY WERE THE ROYAL EGYPTIAN FAMILY.
Nebty name: Wermenuemipetsut
Golden Horus: Djemakheperu-derpedjetpesdjet: Oh oh oh, what do we have HERE????
D jema k heperu? Really? James, the Hebrew?
James, another “apostle” (in reality, vague memories of the “Christian” Egyptian Resurrection Religion and the “jewish” Egyptian “Monotheistic” religion of Amun and or the Aten.
It is comical how much effort is put into hiding these truths: they switch back and forth between Greek, Egyptian, and “hebrew” names to disguise.
Lastly: again read what I pasted: “[According to Matthew, when Jesus "opened his mouth" to deliver the Sermon on the Mount, only four of the disciples accompanied him. These were Simon-Peter, Andrew, and the two brothers John and James (Chs. iv,v and x). ]”
Well, who is Matthew???
David’s “grandchild”: Wikipedia: “Children Maatkare”
Who was Maat?
The Goddess of the “weighing of the feather” to be sure you were sinless and could enter the kingdom of heaven.
The “Opening of the Mouth” ceremony in Egyptian RESURRECTION ceremonies was not “jewish.”
Again: “According to Matthew, when Jesus “opened his mouth”: here is Anubis performing the “Opening of the mouth” ceremony SEE IT FOR YOURSELF:
http://en.wikipedia.org/wiki/Opening_of_the_mouth_ceremony
A CHRISTIAN CEREMONY OF RESURRECTION. GOT THAT?????
[There were favorite gods who would be worshiped on special occasions or in special places. The jackal-headed god Anubis was the god of embalming and guarded the burial place - the necropolis; Seth was the pig god, the evil brother of Osiris, who brought disease and violence;]
Yes, “Set(h).” The guy depicted on desert temple walls battling the Resurrected God Horus. The Set(h) worshiped at Avaris (the HISTORICAL Judah) by the proto-israelite Hyksos kings.
Yes, Seth, the PIG god.
Ever eat your god? No? They didn’t either, still don’t.
Have a nice day!!!
And all those bankers involved in a massive, expensive and elaborate fraud involving paying off tens of thousands of scientists just to get a measly few billion per year on some commodity that is easily replaceable … Stacy
Oil is not easily replaceable. Carbon is a great way to store hydrogen safely. Look at the range of battery fueled cars compared to gasoline fueled cars, for instance.
“the consumer ponzi population will surely run in terror and panic when you crash it and give you their first born just to make the currency chaos go away.” hahahahaha!!! That’s a good one.
About a year ago I commented at Raw Story that if I “read tomorrow that each of us would be required to give a daily quart of blood and our first born to bail out the bankers it wouldn’t surprise me anymore.”
@farang
i don’t know if i understand it correctly, but last i saw a vid at youtube, which says (don’t know if it is true) that there is a lot of similarity between parts of different religions. It states that a lot is related to horus and seth (or even older), and that different dates can be related to astronomical ‘events’.
well check it your self
http://www.youtube.com/watch?v=TjGkRFFBd0A
@ stacy,
I’m sure you know the dynamics of forex (paper for paper) are different to equities (paper for paper call on an asset). So perhaps a meltdown against commodities as a result of QE (inflating nominal equity prices), or increasing chaos and instability within the forex market?
I tend to think of it as a characteristic of deregulated financial markets becoming superliquid due to a torrent of excess reserves (from surplus countries) and special liquidity measures (from credit-crunched central banks).
This would appear to where a vast portion of QE cash is sloshing around at increasing velocity, if not simply deposited straight back at those central banks.
@Stacy,
Are you suggesting that they are “churning” the forex collecting fees for the the trades?