[quote="OLD1953"]I suppose those folks in the LA area that occupied that open land for several years, growing tomatos and other crops they sold at the sidewalk, would be an example of an underground economy. They certainly were holding the land in adverse possession. When they were turned out to build a warehouse on that spot, it was a bit of a pity the land owner didn't put up a green roof and rent it to them for their enterprize. But that would be a compromise, and compromise is not popular now, it's "my rights are bigger than your rights", world without end. quote]
We did not start this insanity called debt for idiots called .gov. Simple rules. If you do noy pay me back 5 bucks 50 bucks will never happen.
I am from the government and im here to help you is not welcome on my property. They are the one who are ideologically fucked up not us.
I took the time to write my Senator but there kinda busy solving my problems I guess. The second oldest profession called politics is closer to
the first oldest profession. Accordingly as John Exter pointed out the surpluses of the Central Bank, the first charges should be to build the reserves of the Bank to support the currency it issues. Any remaining balance should be utilized to retire the government’s borrowings from the Central Bank or paid into the government as a normal profit transfer. The currency of the United States is the Peoples fettered with the Triffin effect of so called wise leaders. I remember a letter clearly laying out the truth. Like many we supply the products that do make this society function and in my case its been over three decades. Yes there are good and bad people on the planet so thats the way it is. I would assume the wise government had a better plan than the landowner and the people who actually work for a living.
http://www.mitimebanks.org/action/find
http://www.youtube.com/watch?v=MWxB5HD0 ... ure=relmfu
The market or the government since there is no solution.
Financial topics
Re: Financial topics
Doubtless, since Black Friday weekend (disgraceful, IMHO) shopping was up over 6% from last year, the market will rise Monday. Three important caveats occur to me at this news.
http://www.bloomberg.com/news/2011-11-2 ... affic.html
The length of time many major retailers were open was extended by 4 to 12 hours from last year. Given that, if we average this as 6 hours, and consider the entire weekend, we get an increase of time open of 7.69%. So the shoppers actually spent less per hour than last year. You can, of course, compress that down to 30 hours or 54 hours for one or two days, and the drop per hour was tremendous. But I took the generous figure of 78. ((24x3)+6)
Also, given the deep discounts offered, much deeper on popular items than last year, I have to question the net. If the payout per hour was less, and the discounts were on the order of the amazon fire (essentially, they sell for production cost) then what happens to the net? After all, we are discussing more overhead (overtime pay, heating, etc. for six hours) and a reduction in profit. Was this a "good deal" for the retailers?
Finally, I can't speak for anyone else, but my shopping is done, fini, completed! All online, of course, given my location, but it's over with. My wife is nearly done as well. How many others did all their shopping during the deep discount days or are so disgusted with the insane crowds that they are DONE with it, or will simply shop online for anything else. (Re that, I'll bet anyone here 10$ that if you scratch at the movement to apply sales tax to online sales, you'll find a retailers organization behind it. How such would ever be enforced is beyond my understanding.)
Unless shopping holds up, and I seriously doubt it, this is going to be a ho hum sales season at best. At worst, it'll be a disaster.
Later information from my wife, she says that there were tremendous crowds while the deeply discounted items lasted. Within two hours the crowds vanished from that store to go fight at the next one, and it was pretty much normal afterwards. I'm having real problems with the idea of extending a day to 30 hours, giving an increase of 25% in the length of that day, and claiming success by saying we increased sales by 7%. Doesn't add up for me.
http://www.bloomberg.com/news/2011-11-2 ... affic.html
The length of time many major retailers were open was extended by 4 to 12 hours from last year. Given that, if we average this as 6 hours, and consider the entire weekend, we get an increase of time open of 7.69%. So the shoppers actually spent less per hour than last year. You can, of course, compress that down to 30 hours or 54 hours for one or two days, and the drop per hour was tremendous. But I took the generous figure of 78. ((24x3)+6)
Also, given the deep discounts offered, much deeper on popular items than last year, I have to question the net. If the payout per hour was less, and the discounts were on the order of the amazon fire (essentially, they sell for production cost) then what happens to the net? After all, we are discussing more overhead (overtime pay, heating, etc. for six hours) and a reduction in profit. Was this a "good deal" for the retailers?
Finally, I can't speak for anyone else, but my shopping is done, fini, completed! All online, of course, given my location, but it's over with. My wife is nearly done as well. How many others did all their shopping during the deep discount days or are so disgusted with the insane crowds that they are DONE with it, or will simply shop online for anything else. (Re that, I'll bet anyone here 10$ that if you scratch at the movement to apply sales tax to online sales, you'll find a retailers organization behind it. How such would ever be enforced is beyond my understanding.)
Unless shopping holds up, and I seriously doubt it, this is going to be a ho hum sales season at best. At worst, it'll be a disaster.
Later information from my wife, she says that there were tremendous crowds while the deeply discounted items lasted. Within two hours the crowds vanished from that store to go fight at the next one, and it was pretty much normal afterwards. I'm having real problems with the idea of extending a day to 30 hours, giving an increase of 25% in the length of that day, and claiming success by saying we increased sales by 7%. Doesn't add up for me.
Last edited by OLD1953 on Sun Nov 27, 2011 10:05 pm, edited 1 time in total.
Re: Financial topics
http://www.youtube.com/watch?v=VuBd1atfhQ4
http://www.youtube.com/watch?NR=1&v=kp1xkAKKeNM
The United States want to join the World Socialist Demolition derby and they think we are the problem.
Emptor
http://www.youtube.com/watch?NR=1&v=kp1xkAKKeNM
The United States want to join the World Socialist Demolition derby and they think we are the problem.
Emptor
Gerald Celente: I Got Effed by MF Global.
A web site reader sent me the following from the latest
subscriber-only edition of Gerald Celente's Trends Journal:
I Got Effed by MF Global.
Who's Going to Eff U?
KINGSTON, NY, 28 November 2011 -- The MF Global bankruptcy has more
far reaching implications than are currently being acknowledged. Not
simply an isolated instance of corporate mismanagement resulting in
disastrous and irreparable effects on options and commodity futures
markets, the MF bankruptcy -- the eighth-largest in US history -- is a
harbinger of much worse to come.
Don't be taken in by today's stock market bounce that's based on the
belief that Europe is coming closer to resolving its debt crisis, and
that strong US Black Friday retail sales are a sign recession has been
averted.
The European debt crisis is a long term trend with no quick fixes. And
the retail surge is no more than a flash mob spending spree hyped by a
corporate media. The more they hype it and the more consumers spend,
the more advertising space the media sells to retailers
The MF meltdown, however, is symptomatic of a global economic system
on the verge of collapse. No financial sector will escape unscathed:
banks, brokerages, hedge funds, insurance companies, stocks and stock
markets are all at risk.
Do you know where your money is? Will you get it back? Are you
prepared?
When the evidence is pieced together, it proves how corrupt, bankrupt
and dishonest the financial/political cabal that runs America is, and
reveals the complicity of the media in covering up their masters'
misdeeds.
The MF crash provides glaring examples of the failure of the CME Group
(the options and commodity exchange of which MF was a member) to do
its own due diligence of member firms. It exposes the incestuous
relationship between government agencies, such as the Commodity
Futures Trading Commission, and the entities they are charged with
regulating and monitoring -- in this case, the CME and its member
firms (such as MF Global).
The government's response to the crash exposes a terminally corrupt
justice system, committed to prosecuting any minor violation of the
law by any average citizen, but turning a blind eye on the rich,
powerful and well connected. It shows how, as in any authoritarian,
fascist or communist system, members of the "party" are granted party
privileges … immunity from prosecution among them.
Such is the case for Jon Corzine, the man who headed MF Global and
brought it to bankruptcy. The former Democratic Governor and Senator
of New Jersey and former co-head of Goldman Sachs, has been given a
free pass. Despite authorities' inability to find more than a billion
dollars of customers' segregated funds, enforcement agencies, DA's,
the FBI et al., have not even called Corzine in for questioning, much
less indicted him.
For a media that feasts on titillation, gossip, scandal and sleaze --
and has shown its passion for accusing, trying and convicting people
before they are accused of a crime or brought to trial -- it is
instructive to note that when it came to White House-connected
Corzine, his privacy was respected and he was left unaccused. There
were no camera crews massed outside his house or reporters hounding
him, demanding to know, "Where's the money?"
It is becoming clear that, in the final days before bankruptcy, MF
Global raided its customer accounts. The failure to separate customer
and house funds is a violation of US law. Moreover, even if MF Global
were to claim the comingling of funds was inadvertent, that would not
serve as a valid excuse. CFTC enforcement chief David Meister has
stated that proof of intent was not a requirement for his agency to
take action. "You should know the commission takes the laws on
segregated funds very seriously," Meister said.
But evidently, not too "very seriously." For the White House-connected
and White Shoe Boy lawyer-protected Corzine, no questions asked, no
indictments, no Perp walk and, as yet, no trial. So far, the only
inconvenience facing Corzine is his scheduled testimony before
Congress on December 15th (a full month and a half after the
bankruptcy), at which time he will be allowed to plead the Fifth and
refuse to testify on grounds that he could incriminate himself.
How I got Effed by MF Global, And Why it is Important to You I've been
trading and buying gold since 1978. I am not a "speculator." I buy
coins and bullion as well as futures contracts. My involvement with MF
Global went like this: I made an agreement with the well-respected
firm Lind-Waldock (subsequently bought by MF Global) to purchase gold
future contracts, with due date for delivery of the gold in December
2011. Holding the gold "contracts" entailed a substantial "margin"
requirement ... in essence a deposit (similar to a lay-away plan at a
retail store). From the time I bought the contracts, I kept building
my account so that when it came time to take delivery in December, I
would have a substantial amount of money in my account to complete the
purchase.
Within days of announcement of the MF Global bankruptcy, I received a
call from my broker informing me that the funds had been taken from my
account and transferred to a trustee, and that my gold contracts were
now with another brokerage firm. Because most of my funds were no
longer in my account, he said, I now faced a margin call to cover my
open gold positions. Concerned with the integrity of the futures
exchange itself (CME Group) and its failure to honor its claim to be
"the guarantor of every transaction that happens in our markets"
(click here for CME Group's statement of "guarantee"). I refused to
put up more money, so they closed out a number of my open positions at
the current market price.
Subsequent to the transfer of my contracts, statements from the new
brokerage to which they'd been assigned indicated that that I had
bought gold at $1,767 an ounce ... the price of gold on the day of the
transfer from MF Global to the assigned brokerage. This was not the
case. Earlier statements prove that I bought my December gold
contracts at $1,443 ... not $1,767. So, although I had contracted to
take delivery at $1,443, under the rules of the "we will do as we
please, shut your mouth and do as you're told" dirty deal made by the
inside dealmakers, I was told I would have to pay $1767 an ounce.
I had been Effed, and I had a lot of company. Others, who had seen the
bankruptcy coming, closed out their accounts. But rather than wire
transferring them their funds, MF Global Effed them by mailing checks
that bounced. Those who had previously taken delivery but were holding
warehouse receipts for physical gold and silver being stored via an MF
appointed repository, also had their assets seized by the trustee.
I want to make this absolutely clear: Buying gold to take delivery is
NOT speculation! And it is delusion to believe that you are immune to
the systemic criminality that pervades virtually every aspect of the
financial sector. MF Global, Lehman, Merrill Lynch, Washington Mutual,
IndyMac Bank, Bear Stearns, Northern Rock, Countrywide, Dexia, Anglo
Irish, Wachovia, Goldman Sachs, Citigroup, Bank of America, Wells
Fargo, Morgan Stanley, Fidelity, Schwab, Vanguard ... do you really
know what went on, or is now going on behind the closed doors of these
firms?
Which will be the next crooked insurance company, bank, brokerage,
savings and loan, or financial institution to go belly up? And if and
when it happens, what assurance do you have that you won't be robbed
and victimized? Sure, sure, your savings and checking accounts, up to
$250,000, are protected by the FDIC in the event of bank failure. But
how long will it take to get your money when banks start falling like
dominoes? Sure, sure, under SIPC rules, stock accounts are partially
protected when your broker/dealer goes bankrupt. But will you still be
alive by the time the legal fight is over?
The Big EFF is Coming The Berlusconi government fell on November 16,
and bond yields have risen to unsustainable levels in Italy, the
euro-zone's third largest economy. Before that, it was the ongoing
Greek sovereign debt crisis, and the fall of that nation's Prime
Minister. Last week, Hungary was begging for an IMF bailout that, 18
months ago, it pledged it would never need. Spain has just celebrated
the election of a new Prime Minister who ran on a pro-austerity
platform. To the bond markets, his election changed nothing. Spanish
borrowing costs continued to rise, approaching their highest levels
since the European debt crisis began.
Distress signals were even sounding from Germany, the strongman of the
euro-zone, considered a safe haven of financial stability amid the
ongoing euro crisis. Last Wednesday, just two-thirds of the once much
sought-after German bonds were sold at what has been described as a
"disastrous" government bond auction. One analyst called it "...a
complete disaster," while another said the auction was a "vote of no
confidence against the entire euro zone ... a change in sentiment has
taken place."
On Thursday, the "change in sentiment" hit Hungary and Portugal:
Hungary Cut to Junk at Moody's After IMF Plea
Nov. 25 (Bloomberg) -- Hungary lost its investment-grade rating at
Moody's Investors Service after 15 years as the Cabinet seeks
International Monetary Fund help to boost confidence in the European
Union's most-indebted eastern member. Elliott Gotkine reports on
Bloomberg Television's "Countdown" with Owen Thomas.
Fitch cuts Portugal credit rating to junk status
FRANKFURT, 25 November 2011 -- Fitch Ratings on Thursday cut
Portugal's sovereign credit rating to BB-plus from BBB-minus, putting
the country's rating in junk status. The rating carries a negative
outlook, which means a further cut is possible. "The country's large
fiscal imbalances, high indebtedness across all sectors, and adverse
macroeconomic outlook mean the sovereign's credit profile is no longer
consistent with an investment-grade rating," Fitch said in a news
release.
Meanwhile, in the United States, the failure of the optimistically
named "Super Committee" to reach a deal to rein in America's spiraling
deficit, was being blamed for dragging down financial markets around
the world.
MF Global, Europe's sovereign debt crises, the intractable American
deficit and all the other financial problems plaguing the planet are
interconnected and cumulative in their impact.
Want to Buy a Bridge in Brooklyn? The big lie being peddled by
politicians and parroted by the media, is that star-studded groups --
possessed of superior brain power far beyond that of mere mortals --
are putting their heads together to solve the mounting crises.
Don't buy into the lie. The same people that removed regulations and
safeguards while passing laws and promoting policies that helped
produce the global financial crisis are now undertaking the task of
fixing what they have broken. Germany brags about its kitchen cabinet
of economic "wise ones." The Italians and Greeks celebrate their
technocrats. The US simply assembles a bipartisan dozen of Republican
and Democratic hacks, repackaging and promoting them to the public as
a "Super Committee."
Even those of us with lesser brains know full well that the crises
cannot be solved by these people or by the methods they prescribe.
In a few weeks, we will be releasing a synopsis of our Top Trends for
2012. Among them will be a warning of the high probability for some
form of "economic martial law" to be imposed early in the New Year to
stop runs on banks and equity markets from collapsing. The reason we
believe it will not occur sooner? Governments will wait until
consumers finish their holiday spending spree.
The Lesson I Learned The MF Global bankruptcy is just one example of
how even knowledgeable and cautious people taking precautionary
measures to protect their assets can still be robbed by the Wall
Street mob. Having taken a hard hit from the MF Global scandal, it is
now extremely difficult for me to put any trust in any financial
institution.
The Trends Research Institute is not permitted to provide financial
advice or to recommend investments to prepare for the coming "Winter
of Economic Discontent." However, my own strategy (as I have
repeatedly stated) is to keep only operating expenses in banks, and to
invest only in gold and silver. Furthermore (again speaking only for
myself), it makes absolutely no sense to leave my hard-earned money in
the hands of others and get virtually no interest on deposits while
taking the risk that I may never see my money again.
©MMXI The Trends Research Institute®
subscriber-only edition of Gerald Celente's Trends Journal:
I Got Effed by MF Global.
Who's Going to Eff U?
KINGSTON, NY, 28 November 2011 -- The MF Global bankruptcy has more
far reaching implications than are currently being acknowledged. Not
simply an isolated instance of corporate mismanagement resulting in
disastrous and irreparable effects on options and commodity futures
markets, the MF bankruptcy -- the eighth-largest in US history -- is a
harbinger of much worse to come.
Don't be taken in by today's stock market bounce that's based on the
belief that Europe is coming closer to resolving its debt crisis, and
that strong US Black Friday retail sales are a sign recession has been
averted.
The European debt crisis is a long term trend with no quick fixes. And
the retail surge is no more than a flash mob spending spree hyped by a
corporate media. The more they hype it and the more consumers spend,
the more advertising space the media sells to retailers
The MF meltdown, however, is symptomatic of a global economic system
on the verge of collapse. No financial sector will escape unscathed:
banks, brokerages, hedge funds, insurance companies, stocks and stock
markets are all at risk.
Do you know where your money is? Will you get it back? Are you
prepared?
When the evidence is pieced together, it proves how corrupt, bankrupt
and dishonest the financial/political cabal that runs America is, and
reveals the complicity of the media in covering up their masters'
misdeeds.
The MF crash provides glaring examples of the failure of the CME Group
(the options and commodity exchange of which MF was a member) to do
its own due diligence of member firms. It exposes the incestuous
relationship between government agencies, such as the Commodity
Futures Trading Commission, and the entities they are charged with
regulating and monitoring -- in this case, the CME and its member
firms (such as MF Global).
The government's response to the crash exposes a terminally corrupt
justice system, committed to prosecuting any minor violation of the
law by any average citizen, but turning a blind eye on the rich,
powerful and well connected. It shows how, as in any authoritarian,
fascist or communist system, members of the "party" are granted party
privileges … immunity from prosecution among them.
Such is the case for Jon Corzine, the man who headed MF Global and
brought it to bankruptcy. The former Democratic Governor and Senator
of New Jersey and former co-head of Goldman Sachs, has been given a
free pass. Despite authorities' inability to find more than a billion
dollars of customers' segregated funds, enforcement agencies, DA's,
the FBI et al., have not even called Corzine in for questioning, much
less indicted him.
For a media that feasts on titillation, gossip, scandal and sleaze --
and has shown its passion for accusing, trying and convicting people
before they are accused of a crime or brought to trial -- it is
instructive to note that when it came to White House-connected
Corzine, his privacy was respected and he was left unaccused. There
were no camera crews massed outside his house or reporters hounding
him, demanding to know, "Where's the money?"
It is becoming clear that, in the final days before bankruptcy, MF
Global raided its customer accounts. The failure to separate customer
and house funds is a violation of US law. Moreover, even if MF Global
were to claim the comingling of funds was inadvertent, that would not
serve as a valid excuse. CFTC enforcement chief David Meister has
stated that proof of intent was not a requirement for his agency to
take action. "You should know the commission takes the laws on
segregated funds very seriously," Meister said.
But evidently, not too "very seriously." For the White House-connected
and White Shoe Boy lawyer-protected Corzine, no questions asked, no
indictments, no Perp walk and, as yet, no trial. So far, the only
inconvenience facing Corzine is his scheduled testimony before
Congress on December 15th (a full month and a half after the
bankruptcy), at which time he will be allowed to plead the Fifth and
refuse to testify on grounds that he could incriminate himself.
How I got Effed by MF Global, And Why it is Important to You I've been
trading and buying gold since 1978. I am not a "speculator." I buy
coins and bullion as well as futures contracts. My involvement with MF
Global went like this: I made an agreement with the well-respected
firm Lind-Waldock (subsequently bought by MF Global) to purchase gold
future contracts, with due date for delivery of the gold in December
2011. Holding the gold "contracts" entailed a substantial "margin"
requirement ... in essence a deposit (similar to a lay-away plan at a
retail store). From the time I bought the contracts, I kept building
my account so that when it came time to take delivery in December, I
would have a substantial amount of money in my account to complete the
purchase.
Within days of announcement of the MF Global bankruptcy, I received a
call from my broker informing me that the funds had been taken from my
account and transferred to a trustee, and that my gold contracts were
now with another brokerage firm. Because most of my funds were no
longer in my account, he said, I now faced a margin call to cover my
open gold positions. Concerned with the integrity of the futures
exchange itself (CME Group) and its failure to honor its claim to be
"the guarantor of every transaction that happens in our markets"
(click here for CME Group's statement of "guarantee"). I refused to
put up more money, so they closed out a number of my open positions at
the current market price.
Subsequent to the transfer of my contracts, statements from the new
brokerage to which they'd been assigned indicated that that I had
bought gold at $1,767 an ounce ... the price of gold on the day of the
transfer from MF Global to the assigned brokerage. This was not the
case. Earlier statements prove that I bought my December gold
contracts at $1,443 ... not $1,767. So, although I had contracted to
take delivery at $1,443, under the rules of the "we will do as we
please, shut your mouth and do as you're told" dirty deal made by the
inside dealmakers, I was told I would have to pay $1767 an ounce.
I had been Effed, and I had a lot of company. Others, who had seen the
bankruptcy coming, closed out their accounts. But rather than wire
transferring them their funds, MF Global Effed them by mailing checks
that bounced. Those who had previously taken delivery but were holding
warehouse receipts for physical gold and silver being stored via an MF
appointed repository, also had their assets seized by the trustee.
I want to make this absolutely clear: Buying gold to take delivery is
NOT speculation! And it is delusion to believe that you are immune to
the systemic criminality that pervades virtually every aspect of the
financial sector. MF Global, Lehman, Merrill Lynch, Washington Mutual,
IndyMac Bank, Bear Stearns, Northern Rock, Countrywide, Dexia, Anglo
Irish, Wachovia, Goldman Sachs, Citigroup, Bank of America, Wells
Fargo, Morgan Stanley, Fidelity, Schwab, Vanguard ... do you really
know what went on, or is now going on behind the closed doors of these
firms?
Which will be the next crooked insurance company, bank, brokerage,
savings and loan, or financial institution to go belly up? And if and
when it happens, what assurance do you have that you won't be robbed
and victimized? Sure, sure, your savings and checking accounts, up to
$250,000, are protected by the FDIC in the event of bank failure. But
how long will it take to get your money when banks start falling like
dominoes? Sure, sure, under SIPC rules, stock accounts are partially
protected when your broker/dealer goes bankrupt. But will you still be
alive by the time the legal fight is over?
The Big EFF is Coming The Berlusconi government fell on November 16,
and bond yields have risen to unsustainable levels in Italy, the
euro-zone's third largest economy. Before that, it was the ongoing
Greek sovereign debt crisis, and the fall of that nation's Prime
Minister. Last week, Hungary was begging for an IMF bailout that, 18
months ago, it pledged it would never need. Spain has just celebrated
the election of a new Prime Minister who ran on a pro-austerity
platform. To the bond markets, his election changed nothing. Spanish
borrowing costs continued to rise, approaching their highest levels
since the European debt crisis began.
Distress signals were even sounding from Germany, the strongman of the
euro-zone, considered a safe haven of financial stability amid the
ongoing euro crisis. Last Wednesday, just two-thirds of the once much
sought-after German bonds were sold at what has been described as a
"disastrous" government bond auction. One analyst called it "...a
complete disaster," while another said the auction was a "vote of no
confidence against the entire euro zone ... a change in sentiment has
taken place."
On Thursday, the "change in sentiment" hit Hungary and Portugal:
Hungary Cut to Junk at Moody's After IMF Plea
Nov. 25 (Bloomberg) -- Hungary lost its investment-grade rating at
Moody's Investors Service after 15 years as the Cabinet seeks
International Monetary Fund help to boost confidence in the European
Union's most-indebted eastern member. Elliott Gotkine reports on
Bloomberg Television's "Countdown" with Owen Thomas.
Fitch cuts Portugal credit rating to junk status
FRANKFURT, 25 November 2011 -- Fitch Ratings on Thursday cut
Portugal's sovereign credit rating to BB-plus from BBB-minus, putting
the country's rating in junk status. The rating carries a negative
outlook, which means a further cut is possible. "The country's large
fiscal imbalances, high indebtedness across all sectors, and adverse
macroeconomic outlook mean the sovereign's credit profile is no longer
consistent with an investment-grade rating," Fitch said in a news
release.
Meanwhile, in the United States, the failure of the optimistically
named "Super Committee" to reach a deal to rein in America's spiraling
deficit, was being blamed for dragging down financial markets around
the world.
MF Global, Europe's sovereign debt crises, the intractable American
deficit and all the other financial problems plaguing the planet are
interconnected and cumulative in their impact.
Want to Buy a Bridge in Brooklyn? The big lie being peddled by
politicians and parroted by the media, is that star-studded groups --
possessed of superior brain power far beyond that of mere mortals --
are putting their heads together to solve the mounting crises.
Don't buy into the lie. The same people that removed regulations and
safeguards while passing laws and promoting policies that helped
produce the global financial crisis are now undertaking the task of
fixing what they have broken. Germany brags about its kitchen cabinet
of economic "wise ones." The Italians and Greeks celebrate their
technocrats. The US simply assembles a bipartisan dozen of Republican
and Democratic hacks, repackaging and promoting them to the public as
a "Super Committee."
Even those of us with lesser brains know full well that the crises
cannot be solved by these people or by the methods they prescribe.
In a few weeks, we will be releasing a synopsis of our Top Trends for
2012. Among them will be a warning of the high probability for some
form of "economic martial law" to be imposed early in the New Year to
stop runs on banks and equity markets from collapsing. The reason we
believe it will not occur sooner? Governments will wait until
consumers finish their holiday spending spree.
The Lesson I Learned The MF Global bankruptcy is just one example of
how even knowledgeable and cautious people taking precautionary
measures to protect their assets can still be robbed by the Wall
Street mob. Having taken a hard hit from the MF Global scandal, it is
now extremely difficult for me to put any trust in any financial
institution.
The Trends Research Institute is not permitted to provide financial
advice or to recommend investments to prepare for the coming "Winter
of Economic Discontent." However, my own strategy (as I have
repeatedly stated) is to keep only operating expenses in banks, and to
invest only in gold and silver. Furthermore (again speaking only for
myself), it makes absolutely no sense to leave my hard-earned money in
the hands of others and get virtually no interest on deposits while
taking the risk that I may never see my money again.
©MMXI The Trends Research Institute®
-
richard5za
- Posts: 898
- Joined: Sun Sep 21, 2008 10:29 am
- Location: South Africa
Re: Financial topics
John posted this advice this morning in his weblog:
The best investment advice now is to keep some cash hidden in your basement, and the rest (for Americans) in FDIC insured bank accounts -- preferably more than one. These appear to be the safest "investments" today.
In my opinion this is very good advice. I have done well this year but am now totally in cash - in insured bank accounts. The markets are very dangerous places at present. If John is right and a serious deflationery spiral sets in, investors in cash will be able to buy quality stocks at bargain basement prices, and thus multiply your money multi-fold. If other writers on this weblog are right and hyper-inflation is the route, if you are in cash you will have plenty of time to buy into inflation hedges.
The best investment advice now is to keep some cash hidden in your basement, and the rest (for Americans) in FDIC insured bank accounts -- preferably more than one. These appear to be the safest "investments" today.
In my opinion this is very good advice. I have done well this year but am now totally in cash - in insured bank accounts. The markets are very dangerous places at present. If John is right and a serious deflationery spiral sets in, investors in cash will be able to buy quality stocks at bargain basement prices, and thus multiply your money multi-fold. If other writers on this weblog are right and hyper-inflation is the route, if you are in cash you will have plenty of time to buy into inflation hedges.
Re: Financial topics
Thanks for the uplifting editorial John. 
I still see the Fed bailing out the EU in the near future.
I asked before and will ask again' what is there to prevent TPTB from kicking the can
into infinity? It seems that as long as all the crooks are holding al the cards and reinventing the rule book
as the situation dictates; they can keep this shell game, ponzi scheme going for a long time.
Cheers
SY
I still see the Fed bailing out the EU in the near future.
I asked before and will ask again' what is there to prevent TPTB from kicking the can
into infinity? It seems that as long as all the crooks are holding al the cards and reinventing the rule book
as the situation dictates; they can keep this shell game, ponzi scheme going for a long time.
Cheers
SY
Re: Financial topics
No, it can't go on forever, for the same reason that a Ponzi
scheme can't go on forever.
A Ponzi scheme MUST fail because it sucks more and more money from a
combinatorially growing collection of people, and eventually you'll
run out of people. However, a Ponzi scheme fails long before that,
because the number of people willing to participate is limited to
"suckers." That number becomes reduced as people realize what's going
on, and become aware that their friends have been defrauded.
Today's worldwide Ponzi scheme is close to collapse for the same
reason. The scheme has been sucking in money from everywhere,
as people are told that their money is needed to save the euro
and the world. This must fail eventually, because you eventually
run out of people. But it's collapsing a lot sooner than that,
because people realize what's going on, and become aware that
any money poured into the euro will just be lost.
The public mood has changed dramatically in the last year, even in the
last few weeks. Political opposition to any sort of Fed bailout of
Europe is enormous. But beyond that, even the Fed officers realize
that the Fed can't possibly bail out Europe, and that any money sent
to Europe will just be wasted. Even if you assume that the Fed or the
ECB can "print" unlimited amounts of money, most people now realize
that it won't do any good beyond creating a few hours of market
euphoria, in exchange for possible catastrophic hyperinflation.
For years on this web site, I've been telling people to prepare by
protecting themselves, and to stay out of the global finance Ponzi
scheme. I believe that I've saved a lot of people from financial
disaster when they followed my advice. Now it's entire countries that
are following the same path -- realizing that the world can't be
saved, so they have to save themselves.
John
scheme can't go on forever.
A Ponzi scheme MUST fail because it sucks more and more money from a
combinatorially growing collection of people, and eventually you'll
run out of people. However, a Ponzi scheme fails long before that,
because the number of people willing to participate is limited to
"suckers." That number becomes reduced as people realize what's going
on, and become aware that their friends have been defrauded.
Today's worldwide Ponzi scheme is close to collapse for the same
reason. The scheme has been sucking in money from everywhere,
as people are told that their money is needed to save the euro
and the world. This must fail eventually, because you eventually
run out of people. But it's collapsing a lot sooner than that,
because people realize what's going on, and become aware that
any money poured into the euro will just be lost.
The public mood has changed dramatically in the last year, even in the
last few weeks. Political opposition to any sort of Fed bailout of
Europe is enormous. But beyond that, even the Fed officers realize
that the Fed can't possibly bail out Europe, and that any money sent
to Europe will just be wasted. Even if you assume that the Fed or the
ECB can "print" unlimited amounts of money, most people now realize
that it won't do any good beyond creating a few hours of market
euphoria, in exchange for possible catastrophic hyperinflation.
For years on this web site, I've been telling people to prepare by
protecting themselves, and to stay out of the global finance Ponzi
scheme. I believe that I've saved a lot of people from financial
disaster when they followed my advice. Now it's entire countries that
are following the same path -- realizing that the world can't be
saved, so they have to save themselves.
John
Re: Financial topics
I asked why it can't go on for along time. I agree with what you are and have been saying.John wrote:No, it can't go on forever, for the same reason that a Ponzi
scheme can't go on forever.
A Ponzi scheme MUST fail because it sucks more and more money from a
combinatorially growing collection of people, and eventually you'll
run out of people. However, a Ponzi scheme fails long before that,
because the number of people willing to participate is limited to
"suckers." That number becomes reduced as people realize what's going
on, and become aware that their friends have been defrauded.
John
"Ponzi scheme fails long before that,
because the number of people willing to participate is limited to
"suckers."
But the people do not have the option of participating or not. The Fed and respective governments make those
decisions for us-we the people. One would have to be living in a cave or be deranged to see this not ending
badly. I just do not see TPTB stopping the train any time soon. They can't stop the train can they? This thing has to crash and crash hard.
But they will just keep pulling "magic" out of their rear ends until the people revolt or someone launches a preemptive strike somewhere and then we
have what politicians always wish for in times of internal struggle. An Enemy we can believe in. Distract and confuse the sheeple.
I'm in agreement with your prediction I just don't have the same time table as you. I am prep'ing for what ever comes down the pike.
I spent 4 years in Spec/Ops and live in rural NH. The winter is the only thing that concerns me if and when it all goes up in flames.
Cheers
sy
Re: Financial topics
Every Generation must simply understand the legal system and Justice will never meet. Also I was warned a very, very long time ago to acept that taxpayers truly reap what they sow and today Business Week's Michael Serrill and Jonathan Neumann have released a report at our expense. It is based on a FOIA response by the Treasury which proves that in America rules are only for little people. America as warned is just another symptom just like every where else. The infection is so deep I have no pretense of its rhetorical messages of the moment or day to solve even the basic question of the day. There will be new plans and speeches until hell freezes over about deceptions to maintain the so called way. It was never about the taxpayer. http://news.businessweek.com/article.as ... 7CRTDL62J0
Last edited by aedens on Tue Nov 29, 2011 11:19 am, edited 1 time in total.
Re: Financial topics
Its already gone on against all odds for at the very least 3yrs. TPTB want to take it at least through the next election, not as "Gerald Celente's Trends Journal" says 'Christmas shopping season'. The reason is simple, President Ron Paul and his pledge to audit the Fed et.al. or someone even more "radical" from a third party (I'm not historically a Ron Paul guy but would certainly vote for him over Der One).at99sy wrote:I asked why it can't go on for along time. ...John wrote:No, it can't go on forever, for the same reason that a Ponzi
scheme can't go on forever
...because the number of people willing to participate is limited to
"suckers." That number becomes reduced as people ... become aware that their friends have been defrauded.
John
But the people do not have the option of participating or not... I just do not see TPTB stopping the train any time soon. They can't stop the train can they? This thing has to crash and crash hard.
But they will just keep pulling "magic" out of their rear ends until the people revolt or someone launches a preemptive strike somewhere and then we have what politicians always wish for in times of internal struggle. An Enemy we can believe in. Distract and confuse the sheeple.
I'm in agreement with your prediction I just don't have the same time table as you. I am prep'ing for what ever comes down the pike.
I spent 4 years in Spec/Ops and live in rural NH. The winter is the only thing that concerns me if and when it all goes up in flames.
Cheers
sy
TPTB will not simply stop or crash the train, and they're probably not counting on a preemptive strike, as such probably won't happen until 2014 at the earliest, and most likely requires a complete economic collapse as a prerequisite. My guess is that a lot of these Houses of Fraud have "cyber attacks" planned that will destroy as much of the incriminating evidence as possible (when it becomes necessary). They will however have all mitigating evidence safely, hermetically sealed in decommissioned Cold War bunkers.
As to the cold winters in NH, move South my friend, as retired military you'll fit right in.
Who is online
Users browsing this forum: No registered users and 2 guests