tag:blogger.com,1999:blog-7982981413278241287.post1817958561422883597..comments2023-10-28T17:54:39.467-06:00Comments on The Golden Truth: David vs. GoliathDave in Denverhttp://www.blogger.com/profile/03016238915167131989noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-7982981413278241287.post-2326244062210264872011-12-02T09:11:34.505-07:002011-12-02T09:11:34.505-07:00Do you think they add sedatives to our public wate...Do you think they add sedatives to our public water?<br /><br /><br />How do you think the money managers tipped off by Paulson were positioned?<br /><br />I'd like to take Paulson to task in the strongest possible way for<br />dereliction of duty, violating the public trust and for generally<br />screwing over the American taxpayer.<br /><br />As reported by Bloomberg,<br />Paulson's meeting and alleged comments did not violate insider trading<br />laws; technically it was legal. But just as insider trading by sitting<br />members of Congress is wrong and offensive, Paulson's gift to his hedge<br />fund buddies - including several alum of Goldman Sachs, where he was CEO<br />prior to becoming Treasury Secretary -- is so grotesque and wrong it<br />boggles the mind; more especially considering what Paulson told the<br />press about Fannie and Freddie that same week was in stark contrast to<br />what he told the money managers.<br /><br />http://finance.yahoo.com/blogs/daily-ticker/taken-task-capt-cronyism-hank-paulson-124007702.htmlAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-39628777213209592392011-12-02T08:29:44.070-07:002011-12-02T08:29:44.070-07:00Had it out with a bunch of traders last night abou...Had it out with a bunch of traders last night about the Fed move. Why do people find it hard to believe that the Fed move was for B of A, and no other reason. If it was for a European Bank, I would guess the ECB would have led the charge. Actually, this move accomplished two things.<br /><br />1. Kept B of A from spiraling down the financial toilet and giving them enough time to prepare a reverse split to take care of the $5 problem. If they crossed $5 so close to the end of the year, they would have been done.<br /><br />2. Allowed countless funds to post positive returns for the year, further continuing the illusion of recovery.<br /><br />Completely shameful. Almost as shameful as this piece of legislation the president is about to sign:<br /><br />http://www.coltoncompany.com/newsandcomment/BILLS-112hr3321enr.pdf<br /><br />The first Jones Act waiver in over 90 years...enacted, ostensibly, for the support vessels in connection with the America's Cup challenge but allowing for other exemptions, including a Made in China Dry-Dock for Alaska. This legislation just drove the first nail in the coffin of an almost dead shipbuilding industry in this country. I read that piece of legislation like I was the Indian in the old pollution commercial.<br /><br />I am Sofa King...tired.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-90131322306704173822011-12-02T07:58:00.381-07:002011-12-02T07:58:00.381-07:00Too Small (cheap) to Swindle is the diametric oppo...Too Small (cheap) to Swindle is the diametric opposite of Too Big To Fail. In the mob they called it a protection racket, but if you think they ran organized crime out of Sicily, just look at what they're running out of Washington. The General is rolling in his grave.<br />As far as silver and gold, the scale of appreciation differs in that one has an undervalued commodity utility and the other has a unique SETTLEMENT function. The busy central bank bees of the BIS hive are not storing up silver honey. When the truth (in gold) breaks free, we shall see who sits atop mountains of it, when governments scramble to settle with the only unencumbered money in the world.<br />http://letthemfail.us/archives/11060Wilhttp://letthemfail.usnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-72885062766990328062011-12-01T20:33:02.881-07:002011-12-01T20:33:02.881-07:00At least David could see Goliath...we're all i...At least David could see Goliath...we're all in the dark!<br /><br />Wall Street Journal: Corzine and his regulators<br /><br /><br />MF Global customers are still waiting to be made whole, but the<br />larger importance of this story relates to the effectiveness of the<br />Dodd-Frank, Sarbanes-Oxley regulatory model. Americans have been told<br />that, in response to the 2008 financial crisis that regulators failed to<br />predict or prevent, regulators needed to have vast new powers to<br />prevent the next crisis. But in MF Global the regulators failed the<br />law's first serious test.<br /><br />MF Global also shows how this new era of regulatory power puts a<br />premium on political connections. Mr. Corzine was named CEO of the<br />company in part—maybe in substantial part—because he had close ties to<br />regulators and could help MF Global navigate the many new rules. This is<br />the new financial crony capitalism, and it also failed its first test.<br />The mistake is to believe in regulator prescience, as opposed to<br />simpler, straightforward rules on, say, leverage or capital.<br /><br />Mr. Gensler, for his part, has a response to the cronyism charge.<br />Since the firm went bankrupt he has announced that he will recuse<br />himself from issues affecting MF Global.<br /><br />Now?<br /><br />Congressman Randy Neugebauer sent a letter to Mr. Gensler this week,<br />and Wednesday night Senator Richard Shelby contacted the CFTC's<br />inspector general seeking an answer to the question of how and when Mr.<br />Gensler decided that recusal was appropriate. This is another answer Mr.<br />Gensler should bring to today's hearing.<br /><br />http://gata.org/node/10726Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-75250381584202096962011-12-01T18:48:14.913-07:002011-12-01T18:48:14.913-07:00This guy's funnier than the sheriff in blazing...This guy's funnier than the sheriff in blazing saddles...<br /><br /><br />Att Gen asks Americans to report IP violations on their neighbors but not 1 prosecution of Wall Street<br /><br />Seriously? Not a single prosecution against Wall Street for the collapse of 2008 but he wants people to give a damn about IP violations for Hollywood and the recording industry? Instead of boot-licking for the 1%, maybe he could find some time to prosecute the real trouble makers. Wake me up when there's a Democrat who is significantly different from a Republican so I can vote for real change. What we're getting now is not change and not worthy of support.<br /><br />http://www.americablog.com/2011/11/ag-holder-asks-americans-to-report-ip.htmlAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-86994661948341885622011-12-01T16:49:48.568-07:002011-12-01T16:49:48.568-07:00(David a different one)
Do the fundamentals suppor...(David a different one)<br />Do the fundamentals support a g/s ratio of 16? Historically, yes. But that was before the many modern industrial uses. If silver goes way up, some industries will go with alternatives or give up. But with panic investment buying and silver being a smaller market than gold it may go to 10. Or 30. I dunno. Waiting for it to go up though.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-21971284041825376632011-12-01T14:20:31.110-07:002011-12-01T14:20:31.110-07:00This is a Case of Systemic Solvency & Control
...This is a Case of Systemic Solvency & Control<br /> <br /><br />With gold strengthening this week, today KWN wanted to speak with the firm that is calling for $10,000 gold to get their take on yesterday’s coordinated central bank actions. Paul Brodsky, who co-founded QB Asset Management Company, had some candid and rather scary comments about where the world is today, “This is drawing back the curtain to reveal exactly who is sovereign – the global banking system. There is no German banking system or Euro banking system or American banking system. When we strip out community and regional domestic banks around the world and consider the world’s largest 30 bank holding companies, then we must recognize there’s a global lending organism holding sovereign sway over G7 governments and populations.”<br /><br />A couple years ago I thought the decision would come down to whether Angela Merkel would choose to save Deutschebank and other German banks with PIIG exposure, or whether she would side with the German taxpayer. I think what has become obvious very recently is that the decision is not hers to make. <br /><br /><br />The largest banks do not belong to sovereign economies with which they’re usually associated. (After all, DB’s US subsidiary – it’s called Taunus – is the eighth largest US bank by assets.) In fact, it should be pretty obvious to all observers by now that there really are no sovereign nations when these nations don’t have their own currencies.<br /><br /> <br /><br />I think it is a safe assumption that the Fed, through its swap lines, will ensure the world’s largest banks remain solvent regardless of provenance. These banks are the conduit through which global currencies are created and maintained. Controlling the currencies is where the power lies....<br /><br />http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/12/1_KWN_Special_-_This_is_a_Case_of_Systemic_Solvency_%26_Control.htmlAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-41675625324317975482011-12-01T14:05:28.875-07:002011-12-01T14:05:28.875-07:00major hedge funds/pension plans likely will not/ca...major hedge funds/pension plans likely will not/cannot invest in gold/silver let alone the actual physical metal...instead, they buy the world class safe haven US bonds yielding around 2%...oh wait, they're losing money in real terms? who cares, the fund managers just have to perform nominally...everyone would be much the wiser if they took their funds out and protected themselves by buying physical gold and silver.Anonymousnoreply@blogger.com