Watch this Jim Grant interview; (I removed the embed as it was annoyingly playing without prompting). The interview is great. Make sure you check it out if you haven’t already.
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Stacy Summary: Nah, I’m not going to summarize . . . I’ll let you do that!
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Stacy Summary: Good morning. Max is on Irish radio this morning, looking for any links for you . . .
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Stacy Summary: Looks like the Miracle 51% Voting Machine has delivered the election to anti-Iranian, ‘former’ CIA asset, Ayad Allawi. Very clever the way they waited a few years after their first attempt when they just openly installed him. More subtle this way. And re: JPMorgan and UBS (both CEOs are good mates with the President) let’s see if the Tea Party protests or the Congress demands an end to all Federal contracts . . . don’t hold your breath.
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Posted in Headlines
Tagged allawi, fed, iraq, jp morgan, mortgage buying, muni bond fraud, ubs
Stacy Summary: Good morning!! Another judge rules that the Fed must disclose $2 trillion bank bailout records. My question for you is, how will the Fed make these records ‘disappear?’
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Stacy Summary: As we have said in our radio shows, Goldman basically took out an insurance policy on the US economy and her consumer/citizens and then had every incentive to burn the whole thing down to collect on the insurance money.
In addition, the Federal Reserve and the Treasury, by helping Goldman Sachs to profit from homeowner and investor losses, conceal their misrepresentations to shareholders, destroy insurers by stuffing them with toxic bonds that they marketed as AAA, and escape from the consequences of making a risky bet, committed a grave injustice and, very likely, financial crimes. Since the bailout, they have actively concealed their actions and mislead the public. Goldman, the Fed and the Treasury should be investigated for fraud, securities law violations and misappropriation of taxpayer funds. Based on what I have laid out here, I am confident that they will find ample evidence.
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Stacy Summary: Big tip of the hat to @marietta
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Stacy Summary: They say we get the politicans we deserve; do we also get the banking system we deserve? The second link to Tyler Durden’s piece picks up on Max’s theme that the banks with the collusion of the Fed & Treasury have been running a racket and should be charged under RICO.
In a nutshell – the banks want their complete opacity cake and eat it too, or else, the racket goes, the transparency that will somehow promote massive rumor mongering will again destroy capitalism. In the meantime, the Ken Lewises of the world can continue touting how stable their businesses are based on optimistic future projections, while implicitly, they continue to survive merely thanks to the cash granted them by you, taxpayers.
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Stacy Summary: Uh oh. I see dead people. My bet – there ain’t no way this info will be disclosed. As Max suggested in the past few weeks on our radio show, if despite dead people, new legislation and executive decree, the Fed is still forced to disclose, then they will just take the assets off their balance sheet for that reporting period, put it off balance sheet somewhere (like JP Morgan or in one of the Fed’s Cayman Island hedge fund accounts) and then once the accounts have been looked at, they will move them back on the public’s balance sheet.
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Stacy Summary: The European central bank agreement on gold represents a significant drop in the amount of gold they will be offloading in the next five years. That the IMF’s 400 tons is included indicates there is even less that they are allowed, or willing, to sell. It will be very interesting to watch the four years after the IMF sells. With the Fed buying its own debt, the Bank of England buying £50 billion more of its own debt . . . why on earth any nation would want to get rid of their gold right now . . .
Update:
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Rick Ackerman
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