On BI, we see a front page story on the collapse of the postal service – brought to you by the same terrorists on Wall St. who are responsible for 45 million on food stamps – AND NO MENTION OF THE LINKEDIN STOCK COLLAPSE WHATSOEVER.. Investors who bought into BI’s unmerciful pumping of this nonsensically priced vapor stock should rip HB a new one.
Stacy update: Here’s Blodget’s response in comments –
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Home Prices in 20 U.S. Cities Fall to 8-Year Low
Mobius Says Fresh Financial Crisis Around Corner Amid Volatile Derivatives
Lehman unveils plan to settle derivatives claims
Henry BloodGet?
Rising Housing Rents Risk U.S. Inflation
Not mentioning LinkedIn is too obvious a clue to ignore, so yes. Someone really ought to rip Henry a new one… I have an industrial-strength excavator we can use for the purpose. I’m not convinced it will be sufficient for HenryBlodget, but we should at least make an honest attempt!
Yes, I would think so, but wasn’t it apparent in the interviews there was a political agenda there?
Really, these days you can’t even download a simple piece of software..
(a) I understand that this Software/Tool is subject to export controls under the U.S. Commerce Department’s Export Administration Regulations (“EAR”).
(b) I am NOT located in Cuba, Iran, North Korea, Sudan or Syria. I understand these are prohibited destination countries under the EAR or U.S. sanctions regulations.
(c) I am NOT listed on the Commerce Department’s Denied Persons List, the Commerce Department’s Entity List, the Commerce Department’s General Order No. 3 (in Supp. 1 t o EAR Part 736), or the Treasury Department’s Lists of Specially Designated Nationals.
(d) I WILL NOT EXPORT, re-EXPORT or TRANSFER this Software/Tool to any prohibited destination, entity, or individual without the necessary export license(s) or authorization(s) from the U.S. Government.
(e) I will NOT USE or TRANSFER this Software/Tool for use in any sensitive NUCLEAR, CHEMICAL or BIOLOGICAL WEAPONS, or MISSILE TECHNOLOGY end-uses unless authorized by the U.S. Government by regulation or specific license.
I thought you guys might appreciate this one:
LONDON EVENING STANDARD: Goldman Sachs Libya ‘attack’
http://www.thisislondon.co.uk/standard-business/article-23954989-goldman-sachs-traded-more-than-dollar-13b-in-libyan-funds.do
Goldman Offered Libyan Fund Chance To Become Huge Shareholder
The Breakup of the Euro?
Is Iceland’s rejection of financial bullying a model for Greece and Ireland?
by Prof. Michael Hudson
http://www.globalresearch.ca/index.php?context=va&aid=25057
How Offshoring Has Destroyed the Economy
By PAUL CRAIG ROBERTS
http://www.counterpunch.org/
The Secret Wars of the Saudi-Israeli Alliance
http://www.globalresearch.ca/index.php?context=va&aid=24744
In the search for models that are commercially viable for internet publishing, the obvious winner (from a purely dollar buyout perspective) is HuffingtonPost.com. BusinessInsider.com, in my opinion, has essentially modeled itself after HuffPo with a primary orientation towards the business vertical. If you are trying to satisfy shareholders and you need justification for strategies, following the so-called success of HuffPo is a logical path… with one small exception.
The internet, in many ways is a peer-to-peer phenomenon. It levels the playing field in many ways, some good while others not so good. In my opinion, Arianna Huffington is essentially a socialite, from a political or business perspective, the consummate social insider… the person throwing the best party and being invited to the best parties. There’s nothing wrong with that, but it is essentially a social function, not a business function to engage in such endeavors although the two mix from time to time. Individuals with a long line of social experience are careful to delineate between what is social and what is business. Following this model creates a big problem for two people, the way I see it.
First of all for AOL. If I want to blog for Arianna because I know she will publish it because , let’s say for argument’s sake, I’m Larry Summers, she gives me a platform of guaranteed and unfiltered distribution for my message. I also get to see her at the Country Club and in the first class cabin on the way to Davos so we can chat. That’s a social phenomenon and not something that a corporation such as AOL will be able to execute on and since AOL isn’t a pro football team and Arianna is not a quarterback, they’ve essentially bought a bill of goods because you can’t effectively monetize social functions. If you don’t believe me, just ask someone who has been wealthy for at least three generations. This is why you are already witnessing a huge drop in the quality of the free contributors on HuffPo, in my opinion.
Now to BusinessInsider. They need to satisfy investors, so the logical thing to do is to search for a model. Instead of hiring a handful of expensive and ruthless Matt Taibbi-style reporters, it would appear that Henry has chosen to attack the problem with more verticals…. lifestyle columns, tech columns, etc. in a search for clicks and ad revenue. To do this, he hires a processor/filter style reporter for each vertical who can work from the office and on the cheap. This is a logical strategy if you’re operating on a knee-jerk reaction to a feisty board of directors. Can you imagine being the publisher of Rolling Stone or even someone like Nomi Prins and taking on Goldman Sachs head on like that. That requires a fearless journalistic take no prisoners and lose tons of friends approach. We write dozens of in-depth articles on these subjects and we would think twice before calling Lloyd Blankfein a bold-faced liar and being in France, which we are not, does have its advantages. Henry Blodget has a great opportunity to take on the Wall Street Journal, but only if he chooses to sacrifice some of his quantity in exchange for quality and in this day and age finding shareholders (especially in an IPO hype-driven LinkedIn/HuffPo/Zynga world) that’s nearly impossible. Maybe Henry will get lucky and sell out tomorrow at a huge multiple. If that’s the goal, then more power to him. Someone else will step in (i.e. accidental business journal Rolling Stone) and do the heavy lifting. Like they say, “sell to the masses eat with the classes…. sell to the classes eat with the masses.” Me, I always like eating at home with the family.
Henry is obviously very talented, highly motivated and energetic individual. Like everyone else, he’s having to deal with the economic reality of the situation through the business choices that he is making. The problem with the internet is you get about 30 minutes to recover from your mistakes, otherwise you’re toast. On the other hand, you can build a huge success just as quickly if it passes the smell test due to the network effect. I think Max’s experience with the ups and downs of the silver keisers and their initial availability attest to the nature of similar challenges. It’s not a question of whether or not people will make mistakes, including Murdoch’s Dow Jones Company or a tiny blogger, the question is how we choose to respond. Take a look at Glenn Beck. He upset the advertisers and now he’s decided to go independent and to make it work numerically he has to launch his own Overstock.com. That’s a business (merchandise, home furnishings, textiles, apparel) I have known for thirty years. Do you really want to buy a solar-powered survivalist backpack from a guy who is a radio broadcaster? Maybe so. Everybody is trying to figure out the same thing, how to make a buck in an internet world turned upside down. So far, the underwriters of the IPO’s continue to walk away with the Lion’s share. I guess P. T. Barnum was correct. Pass the popcorn.
Dave Harrison
http://www.tradewithdave.com
“Mercilous pumping?” You mean where I said I wouldn’t touch the stock with a ten foot pole?
@Dave Harrison
Business people have no friends or on the flip side. They realy think or regard all their business partners as friends.
Believe me I’ve delt with a lot of hardcore business people and they realy don’t know the real meaning of the word ‘friend’. In their professional deformed minds they realy think that a business partner is something the same. lOlz
Henry Blodget has some realy could pieces out there and nobody is perfect (” … Except The Captain” it says on those joke shields you can buy). And everybody makes mistakes. Key is that you can admit to them. That makes somebody realy great in my opinion.
Karl Denninger doesn’t believe in gold and gets ‘ strange’ when he’s talking outside his economic realm but has produced some very good pieces.
Max & Stacy have been convinced by some chumpz that AGW is real while the whole world by now know it’s a scam thought out by the Rockefellows and the Club of Rome.
And so on and so forth ….
So much for AGW
Brazil may see winter cold fronts in coffee region
@Max,
When (if) silver reaches $500/oz aren’t you gonna dump it? So aren’t you pumping and dumping too?
@F.Beard – you need to read up on what a pump and dump is: http://en.wikipedia.org/wiki/Pump_and_dump
His name ain’t blodged-it.
Is to.
Ain’t.
Y’all just can’t pruh-nun-see-ate nuthang, Cleetus.
Wahl, whut’z-he-doin’ hair?
Donno. Sumthang ’bout stock op-shuns.I gutz-me gold under this’n hair trail-ur. Donno got no stocksy op-shuns.
But he do.
Wahl, he be rich-folk. We’uns gotta makesy-do-see with whut-we-gut.
Yep.
Like that air’ Joe Wizen-thralled bettuh.
No uh-count-in fur yur taste, Cleetus.
Youri – you have to look at the overall trends that year; for even in 100 years time when global temperatures are up to 4 degrees warmer than now, there will STILL be record cold temperatures set; but those new record cold temps will be dwarfed by the number of new record high temperatures being set;
So you can choose a “it’s cold in Topeka” so the whole world must be facing an ice age approach, or you can look at the global trends; and you know as I have already linked to previously that the UK had the hottest April in 350 years, and here from just today’s headlines:
New Zealand suffered its hottest May since records began: http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=10729346
Record high temperatures in Ontario: http://www.cp24.com/servlet/an/local/CTVNews/20110531/110531_toronto_weather/20110531/?hub=CP24Home
Record high temperatures in Tennessee:
http://www.knoxnews.com/news/2011/may/31/knoxville-forecast-hot-hot-heat/
Record temps in Alabama: http://annistonstar.com/view/full_story/13503046/article-Record-temperature-possible-Wednesday?instance=1st_left
Record high temps for Cleveland:
http://www.newsnet5.com/dpp/weather/forecast/todays_forecast/forecast%3A-record-high-temperatures-are-possible-tuesday
Record temperatures in Syracuse:
http://www.syracuse.com/news/index.ssf/2011/05/weather.html
@Stacy,
I just did. I don’t see how what Max is doing is significantly different EXCEPT he admits to what he is doing so he is honest about it (unless he plans to sell at $499/oz?
)
Dear Mizz. Stacey:
I do bee-leave y’all. But we gutsta call it sumthang else’n AGW. That do sownd like a place to buy Bud. Itza a fundeementul time to-decide which side- a body bee-on.
I be on nature’s side.
Love fur-evur and evur frum yur big fan
Cleetus with a CFA
(that do mean cert-ee-fie-d fuckin’ asshole)
Me two, Mizz. Stacey.
frum, Billy-Bob
Me, three, Mizz. Stacey
frum, Steller
@F.Beard – uh, unless you have a hundred billion dollars or so, you can’t pump and dump one of the most widely used commodities in the world, one about which supply is pretty much known year in and year out for the past 5000 years; you can briefly corner that market (at huge expense) but then you have to puke those holdings back onto the market and the price would come down (though the asset remains unlike penny scams and Enron); or one can go long a bull market in and sell at a specific price target you set for yourself but a pump and dump relies on illiquidity and/or insider information about the imminent collapse, essential nothingness of a company (like Enron) or index (Nasdaq 2000) in order to deceive someone into buying a stock or company that you want to get rid of because you know it is not worth anything or many hundreds of points less than it is trading for
Y’all can stop-a clammorin’ fur a spot. Y’all get yur turn to say “me-two”. Ain’t y’all got nuthang bettur-to-do than spit on this’n hair key-bored?
but a pump and dump relies on illiquidity Stacy
Yes, I did read this:
Stocks targeted by spam are almost always “penny stocks”, selling for less than $5 per share, not traded on major exchanges, are thinly traded, and are difficult or impossible to sell short. from http://en.wikipedia.org/wiki/Pump_and_dump
OK, you win.
Stacey, we also had the coldest December since records began here in the UK last year. The hot temps in April tapered off after a certain Wedding, since then it’s been the usual leaden sky’s here smatterd with a liberal helping of Chem trail Aluminum oxide soup.
@ Beard
If you think PMs have not much real value then Max is doing some kind of “pumping”. But people like Max really believe that PMs are worth much more than todays spot price. It´s a matter of your point of view.
@ Doesn´t Max tell us that the silver market is so tight?
@F.Beard – and as we know, JPM is shorting massive amounts of silver; relative to gold and oil, silver is a puny market that is easily pushed about but, again, the concept of pump and dump is usually applied to penny stocks; oh, and remember, you can’t short stocks until 10 days after the IPO, so that’s what you saw in the nasdaq bubble with these IPO manias and stocks soaring 400%
@Steve_D – re: coldest December; you did have a cold winter and your neighbour, Greenland had its hottest on record, for the gulf stream shifted away from you and toward them; this is an unusual event, but, though ultimately they may discover the shifting wind patterns that caused this may be due to global warming, in itself it did not change the overall global temperature for, in fact, 2010 was the hottest year on record
re: your allegations of temperatures somehow tapering off, here is from UK papers in last 24 hours:
Sun lovers enjoy warmest spring since 1659: It might come as a surprise to those who tried to hold a barbecue in the rain yesterday, but this spring has been the warmest since records began more than 350 years ago. – Telegraph
Barbecue Britain? It’s been the warmest spring since records began in 1659… and
we’re set for a sizzling weekend – Daily Mail
This spring looks set to be one of the hottest and driest since records began nearly 400 years ago: According to figures for March, April and May so far, central England saw an average temperature of 10.3C (50.5F), the highest since monthly records began in 1659. – Belfast Telegraph
@Stacy, yeah because the UK tabloids are always a paragon of virtue & truthfulness.
Seriously though, the temps here in Cheshire have been unremarkable in May I even had to transfer my seedlings into the greenhouse two weeks ago as they where not sprouting in the open. (so much for Greenhouse effect eh, when you have to use an actual greenhouse)
I wanted to clarify my comment on the monetization of social media. Some people could argue that Facebook monetizes a social function. I disagree. I believe they monetized a communications function. Ironically it was Mark Zuckerberg who dethroned The Princely House of Thurn and Taxis as the youngest billionaire.
Thurn and Taxis was also built as a communications company, as was Reuters (i.e. Rothschilds). They’re all gateways and are no different than the Pony Express or American Express which was also launched as a courier. Communications is what this is about not social rank or status or who is invited to what. Now gaining social rank, (Sir Richard Branson – Virgin Group) is commensurate with gaining wealth to a point, but only to a point.
The first person with the information wins. That’s why the real wild card in the monetization of news is not HuffPo or BusinessInsider or even MaxKeiser… it’s Twitter. If Twitter was around during the battle of Waterloo, Nathaniel Mayer Rothschild would have been out of business. In a similar matter if information is money and Bitcoin continues to get traction, you have a global peer-to-peer courier, not for information, but for confidential confidence-based money; a PGP encrypted virtual hawala. Is that something worth pumping or simply dumping?
Dave Harrison
http://www.tradewithdave.com
And this our life, exempt from public haunt,
Finds tongues in trees, books in the running brooks,
Sermons in stones, and good in everything.
~William Shakespeare, As You Like It, 1599
Ask Patrick Byrne about Henry Blodget
http://www.deepcapture.com/the-illustrious-henry-blodget-thinks-i-am-a-very-bad-man/
not sure if my posting fits in here … but
@ Stacy/Youri-discussion:
——-you can choose a “it’s cold in Topeka” so the whole world must be facing an ice age approach, or you can look at the global trends; and you know as I have already linked to previously that the UK had the hottest April in 350 years, and here from just today’s headlines———-
just a few picks on the quick:
Coldest Summer Ever recorded in 151 years – Global Cooling
http://www.topix.com/forum/world/australia/TA0062TF9AAEMDSV9
Southern California’s summer to end with a chill: It was the coldest in decades
http://latimesblogs.latimes.com/lanow/2010/09/las-summer-ends-with-a-chill-it-was-the-coldest-in-decades.html
Coolest US Cities in Summer
http://www.currentresults.com/Weather-Extremes/US/coldest-cities-summer.php
How cold is Europe? Even Norway’s buses can’t take it.
http://www.csmonitor.com/World/Asia-South-Central/2010/0108/How-cold-is-Europe-Even-Norway-s-buses-can-t-take-it
Snow, Cold for Britain, Northwest Europe
http://www.accuweather.com/blogs/news/story/42071/snow-cold-for-britain-northwes.asp
http://phorums.com.au/showthread.php?248762-COLDEST-SUMMER-ON-RECORD-COMING-UP-FOR-EUROPE
The Year Without a Summer 1816
http://www.suite101.com/content/the-year-without-a-summer-1816-a54675
I could go on for hours, and you could find just as many that “prove” its to hot somewhere !!! I know that …. lets stop that!
That´s what CC (Climate change!) is all about and we are living it through right now…
What, Stacy, please!, do YOU mean exactely with the “A” in “A-GW” ??????????????
i know you mean ” Anthropogenic” …..
but what does it mean to you and what are you so devotedly trying to communicate ????
WHAT IS IT YOU WANT to make us believe, so that we doubters (not necessarily “Deniers”) no longer will be slammed for just having had another experience or
research ????
Just tell the people, if you will…
PLEASE !!!!!!!!!
I´m listenig …..
V.
People need to be weary of the Pump-N-Dump fiat Ponzi scheme (tri-fecta of fraud). This new financial product has Goldman-Sachs rethinking their whole derivative fraud market and moving into the PnD fraud market.
Join the SLA, Buy Physical Silver and escape these fiat scams once and for all.
Maybe Max could start a hedge fund shorting PnD stocks. -Including NIA “picks”
“Frost is rare in the arabica-producing belt of southern Minas Gerais state and neighboring Sao Paulo state, where around 40% of Brazil’s coffee is grown”
I’ve been to those states in between June and August, Minas Gerais and Sao Paulo, and it’s quiet normal there during winter (when it’s summer up north). it’s nothing new and know how to deal with it. Just like seeing light snow storms in the southern states of Brazil.
At $500 – silver and gold are the new currencies – so there is no place to ‘dump’ it to. The path to $500 is the path to gold/silver backed money.
His boy Joe W. is a Henry Blodget minnie me
here max, maybe you can make a show there about gold and be close to god…;)
Ouro Preto -Minas Gerais (MG) Brazil
http://www.ngtraveler.co.uk/Pilar_Church_Ouro_PretoPhoto_Xar_MTur_Collection_large.jpg
@youri carma: “Max & Stacy have been convinced by some chumpz that AGW is real while the whole world by now know it’s a scam thought out by the Rockefellows and the Club of Rome.”
youri, I thought better of you! At the very, very, very least (assuming that “global warming” is NOT an IMMEDIATE THREAT to humanity), the AGW folks are the regrouping & reforming remnants of the late “Environmentalist” reformers, who won many great victories (LEAD in your household paint, FOR YOUR CHILDREN TO EAT, anyone?) but have since (over past 20 years) been all but CRUSHED by the Big Biz/Big Finance/Major Media/War Lobby crowd.
And I’ll agree that Al Gore was a CHUMP of the Neo-Cons.. besides STUPIDLY selecting arch neo-con backstabber warmonger (and trophy wife “moral values” HYPOCRITE) joe lieberman as his VP running mate, Gore also STUPIDLY bought into the notion of the CARBON TAX – which was nothing less than GODDAMN-SACHS trying to work up a de facto MONOPOLY CONTROL over ANYONE producing ANYTHING in the entire world’s atmosphere, that they could MONETIZE, PRIVATIZE, and get the govt. to act as their extortion enforcer (tax collector).
But the more important notion is, “NO! you can NOT treat the world, your country, and your neighbors, as a TOILET BOWL to dispose of your waste, any time you wave a $1,000 bill under a politician’s (or media editor’s) nose!”
LOVE CANAL RUINED LIVES, as does DEPLETED URANIUM used in Iraq, Afghan, Serbia (etc.) and FUKUSHIMA’s TONS of GE radioactive fuel burn-off now POURING into the Pacific ocean (and world food supply via rain fallout.) And if you think that “merely” POURING MILLIONS upon MILLIONS upon MILLIONS of tons of carbon dioxide into the atmosphere will have NO consequences, you are delusional. Florida was once cut in half by high sea levels… we are marching there again, and, between CO2, oil in gulf and radioactive contamination, the NAYSAYERS are ENABLING the corporate profiteers to POISON the world’s ENTIRE FOOD CHAIN!
(and, hell, if that isn’t enough for you, if the radioactivity + oil slick gets toxic enough, we could CHOKE OFF the PLANKTON that SUPPLY THE WORLD’s OXYGEN!)
True: once you go physical silver/gold -there really is no reason to get involved in fiat speculation that only enriches the fiat Speculators/traders.
As an SLA: I still get a huge rise everytime I transfer fiat for silver. It is very hard to beat that true feeling especially when you buy at a local shop and do the fiat for physical silver handover.
People are indoctrinated on fiat –> and it is a very hard habit to kick. I still think in a casino gambling speculative fiat way like a Wall Street trader would. –> but at the end of the day fiat is still worthless and you are stuck in the fiat gulag.
For <$40 ($45 Eagle) you can buy your first Oz of silver and expunge your fiat dependency. Stay physical in everything you do in life -and your world and other's will be a better place.
@Vonda Bra – seriously, don’t take this personally, but I have absolutely ZERO interest in educating you on anything let alone climate change; I put out information and I watch and understand the world around me so I don’t end up ignorant and dead; you can choose to do what you want and be as stupid as you like, it’s not up to me to educate every fool out there; because then every fool, and there are 6 billion of them, who stops by here on any given day sucks the energy and precious time from my life demanding to be educated all the way back to groundzero because everyone single one of these 6 billion fool pretends not to know basic science; there are a few sites that are much better at feeding your disinfo to you because they also get major funding from Exxon and Koch and Phillip Morris, I don’t know why you just don’t go there to have your biases confirmed; with their funding, they have some really well produced, entertainment for you and I’m sure you’d find that over there you are treated as a wise and brilliant person; unfortunately, your bias is against scientific fact so you had better get some 3-d glasses or something to make your experience there over-ride what’s happening outside the front door; by the your bias and ignorance is found in your links; you can write all you want about topeka but the global temperatures averaging alllllll the temperatures of the entire earth and that includes africa, latin america, australia, russia – all those places far far away from Topeka, well 2010 was the hottest year on record and this winter was one of the warmest on record because if you count the 20 degrees plus warmer than usual that the vast, vast Arctic and Canada and Greenland and Russia were then you add up a GLOBAL temperature that is warmer . . . DESPITE it being a strong La Nina which has a COOLING effect
Here is the December global temperature anomaly and you will see that yes, it was cold in Topeka and in Stockholm, but globally, warmer than average
Then it gets more extreme globally for the rest of the winter:
Here are the January 2011 global temperature anomalies
Here is February 2011
And so for the entire Northern Hemisphere cold season from November 2010 to April 2011, we get this stunning map in which you can see there is only one tiny band of slightly colder than average or just average temperatures and that’s what that extremely cold December does to the winter average. And notice that there are no areas at all of purple or dark blue anywhere and yet there are vast swathes of the earth soaked in blood red
I think that Lord Monckton sells glasses that turn the red bits into blue if you’d like, they’re $15.99.
And so there you go, I’ve wasted another precious ten minutes of my life educating some fool who doesn’t want to learn. So what’s the point of asking to be taught?
Be very cautious about buying anything from Overlord Monckton. Anyone who looks like a dick that has been jerked off the wrong way is not necessarily someone you should trust!
The cull line is not drawn around AGW believers/deniers but rather around a system termed privilege indicative of birth/proof within a system of faith. Six billion are the leftovers scrapped off the plate of those who refuse to live in harmony with nature but, rather, would like to continue believing that words written on stone tablets mean something.
Fools trust fools.
Force is not relative to money. It never has been. Force is not relative to position in society, twitter, public haunts (such as this one), religious affiliation, faith, hope, last week’s stock price, et al. Force is an attribute of nature herself.
It is every person’s divine right to find their place/purpose within this harmony. It does not exist in this or any other sentence.
Tobacco is tobacco.
http://www.imperial-tobacco.com/
A pack of cards does not a house make:
http://www.leben.us/index.php/component/content/article/47-volume-1-issue-3/138-princess-palatine-elizabeth
Whose footprint?
http://rocklandmassachusettshotels.com/images/plymouth_rock.jpg
At $500 – silver and gold are the new currencies – so there is no place to ‘dump’ it to. The path to $500 is the path to gold/silver backed money. Max Keiser
You left out that government must remonetise gold and silver by FIAT (deliberate irony). But that mustn’t happen since it would be fascist privilege for the usury and counterfeiting class’s favourite shiny metals (gold more than silver).
The things which are causing the government to ruin its fiat money are the government backed banking cartel and the government enforced monopoly money supply for private debts. Eliminate those and the government’s fiat should do just fine.