Wednesday, June 30, 2010

Must-Read from Jesse

"What's burning a city - compared to tearing the lid off hell and letting men see it" (Atlas Shrugged)

My friend and colleague, "Jesse," penned an incredibly insightful treatise on the epic wealth theft going on in this country:  "The bailout of AIG is near the core of the great fraud. Crack that nut, and we may learn something about financial fascism and the Fed. That is why they may dance around it, but they will never take down the principals and bring the truth out into the light of day."

What's going on is everyone's hell, except for those who are involved in seizing your wealth and freedom. I recommend everyone read this and put some thought into what can be done to derail what may be inexorably, tragically irreversible: LINK

The Golden Truth isn't always where the light is shining - sometimes you have to work hard to find it.


  1. Fantastic Piece Dave I read earlier on....Cheers to you for making available to the masses.


  2. Sorry for another Post Dave I thought you might enjoy this commentary.

    Gold Bubble Myth…Busted! | World Currency Watch

  3. Sofa King tired...too many boats and barges need to be reinspected so they can go south. The spigot is open and everyone wants a drink. It's good in that the oil transportation industry needed a kick in the ass. These companies were hurting cause oil wasn't moving. It's true boys and girls, oil prices actually have nothing to do with supply and demand, anymore.

    Side bar, while I try to re-hydrate, saw this movie called rollover last weekend, kind of drags but good premise. Found a nice version on YouTube which summarizes the film:

  4. Jane Fonda was HOT in that movie. Saw in NYC when it came out originally.

  5. Jesse is a must read, every day. Great post for sure and led me to these outstanding videos. I'm on lesson 2...most of this I knew already, but I think this guy is doing a great job so far.

  6. Actually Jayhawk, I think it was that had a list of the 20 worst housing markets right now and Colorado Springs was one of them. You can search that site to check it out.

    When I was growing up, Monument was dust and tumbleweeds. It was a big beneficiary of the massive population influx into Colorado in the 1990's. But it's more of an exurb of Denver. High beta.

  7. It's a beautiful spot I might add!

  8. I did catch that article that mentioned CO Springs. Like I said, I'm down about 5% from buying in 2006. Compared to places like FL, AZ, NV I will take it!

  9. Be carefull now Dave. Just go to JS Mineset and look at the typical banker reacting with fury to the bad news of the lack of further unlimited on demand QE. There he is throwing a brick in Canada. Cut off from their unlimited support mechanisms things could get ugly real fast. Especially if they looked at GS position in AIG or even BP. We could soon have bankers rioting on the streets and boy do they look ugly.

  10. Just another day doing G-d's work.

    Huffington Post

    NEW YORK - In what is looming as another public relations predicament for Goldman Sachs, the banking giant admitted today that it made "a substantial financial bet against the Gulf of Mexico" one day before the sinking of an oil rig in that body of water.

    The new revelations came to light after government investigators turned up new emails from Goldman employee Fabrice "Fabulous Fab" Tourre in which he bragged to a girlfriend that the firm was taking a "big short" position on the Gulf.

    "One oil rig goes down and we're going to be rolling in dough," Mr. Tourre wrote in one email. "Suck it, fishies and birdies!"


    An article for those of you who Mish Shedlock is good guy not a shill.

    And, as Tyler says lastly, maybe the most critical question - who inherited these positions, who unwound them, and, if no unwind occurred, who is currently in possession of AIG-FP's "large exposure in the Comex vs OTC arbitrage trades"?

    I vote for BP as they had better credit on the OTC market than most banks LOL.

  12. Heavy Gold Buying by Russian Government