Own the Crash Course Special Edition Set with Presenter’s Pack (NTSC or PAL)
Tokyo Based Hedge Fund AIJ May Have Lost/Stolen All Customer Pension Fund Money (June C.)
While they keep talking about 'lost money' and 'hiding losses' it looks more like embezzlement on the surface for at least part of the funds. It appears that virtually all the customer money has 'vanished.'
It will be interesting to see which European bank received the customer money once it hit Hong Kong via the Cayman Islands. It is not a good sign for customers that a European or American bank was involved. That smells more like theft than loss.
Why Silver Might Crash (ewilkerson)
Discussion on whether markets are in a bubble invariably appear to be very subjective, with both bubble diviners and naysayers justifying their polar opposite stances. In the past few years we have put the case, we believe with a subjective and empirical analysis of the precious metals markets, as to why they were (and are) not exhibiting the signs of bubble behaviour.
Foreclosure settlement a failure of law, a triumph for bank attorneys (June C.)
We never want to see an innocent party “accidentally” evicted from a home. The legal system has evolved so this has become a “legal impossibility.” Imagine returning home from work or vacation to find the front door padlocked, the belongings strewn all over the block, a big orange sticker screaming “FORECLOSED” on the garage door, with an auction sign in the front lawn. Now imagine that this occurred even though you are not in default or even delinquent on payments. Thanks to the robosigning banks, this legal impossibility has happened repeatedly, even to homeowners who paid cash for their houses and had no mortgages. Imagine that — foreclosed with no mortgage.
MF Global Was Sloppy, But Not Criminal (June C.)
Client accounts must be kept separate from a firm’s trading business, but firms can legally borrow from those accounts under certain circumstances. In his recent congressional testimony Corzine stated that he was given assurances that the use of customer funds during the firm’s final days was completely legal.
Extend & Pretend Coming To An End (JimQ)
You have to admire the resourcefulness of the vested interests in disguising disaster and pretending that time will alleviate the consequences of their insatiable greed, blatant criminality and foolish risk taking. Extending bad loans and pretending they will be repaid does not create the cash flow necessary to actually pay the interest and principal on the debt. The chart below reveals the truth of what happened between 2005 and 2008 in the commercial real estate market. There was an epic feeding frenzy of overbuilding shopping centers, malls, office space, industrial space and apartments. During the sane 1980’s and 1990’s, commercial real estate loan issuance stayed consistently in the $500 billion to $700 billion range.
Politics, Pandering And Petroleum Prices (James S.)
Never mind the fact that the United States is actually a net gasoline exporter because of lower domestic demand. A contributing factor in the price of oil, and subsequently gasoline prices, is speculation, so in some ways it's all a self-fulfilling prophecy. It's talk of high oil prices that causes high oil prices. There are some who fear tensions with Iran could translate to $4 or even $5 for a gallon of gasoline in the U.S. market by the summer. So guess what happens? Gasoline prices go up. Even if Republicans got there way, it's unlikely any domestic drilling would cause a sudden precipitous drop in energy prices overnight. And the reason for that is because this largely isn't an issue about oil markets, domestic energy policies or concerns about the health of the European economy. No, this is about fear and anger, two very basic human emotions.
Lofty oil new headache for debt-ridden Europe (ewilkerson)
"Corporate profits are already not that strong already and, although some parts of the stock market would benefit, self-evidently, the negative impact on the wider economy and on domestic profits would become quite noticeable," Milligan said.
Economists at JP Morgan said the recent price run-up brings it closer to becoming the largest immediate potential pitfall for the European and global economies.
Oil: In Perpetuity No More (SolidSwede)
"Most outside observers believe that the 'official' reserves of OPEC members are way overstated," Whipple, who is also a Post Carbon Institute fellow, told Al Jazeera. "Remember the last increase was in response to the OPEC quota agreement which allowed members to sell oil in proportion to their reserves - the bigger your reserves, the bigger your quota."
Soaring Oil Prices Will Dwarf The Greek Drama (Donal F.)
Creditors are being asked to swap their bonds for a combination of new short-term instruments, issued by the European Financial Stability Facility, and longer-term Greek government debt. If half of them agree to take the hit then, under "collective action clauses" approved by the Greek parliament, the deal could be forced on all bond-holders.
Urban Agriculture On The Rise (jdargis)
Even with well-established and popular program like Portland’s, the city is looking for ways to expand and improve its urban farming practices. For example, Portland’s Urban Food Zoning Code Update Project Advisory Group (PAG) is revising its zoning code to address community gardens, farmers’ markets, and urban food production. Another issue the PAG is considering is how to best expand urban farming to the widest area possible without disturbing businesses or neighbors. Now that issues like these have been identified, the next step for the PAG is to publish the Urban Food Zoning Code Concept Report, which will identify issues and possible solutions to these problems.
Children Of The Corn (jdargis)
In July, I visited a cornfield that gave survival a new meaning. It was on the Tuscarora Reservation, just northeast of Niagara Falls, N.Y. A modern commodity corn farmer would have laughed at it from the air-conditioned cab of his $350,000 combine, and even a backyard gardener growing sweet corn would have found it puzzling. The rows were set wide, and the soil had not been hand-weeded, sprayed or “cultivated,” which is the name for mechanical weeding. It had been a dry season in the Niagara frontier. The cornstalks were waist high, and the leaves seemed to have opened their arms to the sun in a delicate arc. The tassels — the organs of germination — had barely begun to form.
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Headlines:
The silver report is from last April. FYI.
Thanks for the date update on the Silver Crash story. It is from April 2011. But I did get from the article that April tends to usually be a peak in the yearly price of silver. But with the way things are now given all the economic uncertainties worldwide...I can probably throw that stat out the window. I think I will hold on to what I've got for quite some time.
Tommy
See the man with the T-shirt of the wolves howling at the moon? That's why the corn is so special...
Source: http://tmagazine.blogs.nytimes.com/2011/09/21/children-of-the-corn/
We need a shirt like that and we'll be really powerful preppers.
Poet
that looks to be heirloom.... nice.
This silver crash report is very long, with many charts and figures, with fancy words such as "californication" and dressed up with fancy references and quotations to famous historical figures. So what. The report states that "Markets are determined in perspective" but fails that: it only looks at the recent history when the dollar was a reserve currency and everyone has faith in fiat currency. I could not find a single mention in this bloated, pretentious long report, of (even the possibility of) the upcoming singularity of the dollar losing value or of all fiat money losing value, if not outright vanishing as a medium of exchange. Most silver collectors (or at least me) are motivated by the "fiat-bad, PM-good" principle, which should dominate any serious disscussion about buying silver and predicting its value at any time (even short term) in the future. Is this another go-back-to-your-shopping article?
http://www.zerohedge.com/news/grant-williams-simplicity-owning-gold
Part 2 is especially good.
15 min video.
Why own it, Central Banks, Asia, when to sell.
Reading Steve Keen's blog
Yes, the average American young man in 2009 makes one-quarter less than the average American young man did in 1973.
about the collapse of the middle class in the USA put me in mind of the GINI index. The lower the ranking the more stable the society.
I see that the USA is at No 40 and keeps keeps company with Bulgaria and the Camaroon.
Makes one proud.
Oh well, Better luck next time.
No wonder TPTB want to disarm the population.
I did enyoy your video that explains the enslavement of the Europeans. This will all end in tears and lampposts.
Reposted here.
(For 2/28)
Headlines (Check out the Bloomberg article on gold and think of that word that Davos would always say):
Headlines (Check out the Bloomberg article on gold and think of that word that Davos would always say):
Davos would be right!
“Greater discipline on financial markets might have been helpful in inhibiting the reckless banking and excessive debt accumulation of the past decade,” the task force said. “However, with the onset of the global crisis, had gold had a more formal role to play, the rigidity it imposes might also have been a handicap when a more flexible policy response was required.”
Perhaps with the greater discipline there wouldn't be a need for a flexible policy response since there would not have been a global crisis! Complete ******* idiots!
After reading "Steve Jobs" I realized I wasn't the only bianary purist who looked at the world in 0's and 1's and at people as God's or morons (in Jobs words Gods or s******ds).
Page 359 of Isaacon's book described where jobs walked into chip maker VLSI's meeting and called them f****** d****** a******* for running late on Apple's chips. At that page I realized I'm not totally nuts, and that the moron word is rather tame.
The chips made it to Apple ontime and VLSI made their executive jackets that had "Team FDA" on the back of them.
I emailed that moron a "Team FDA" email, a your a moron email just wouldn't have cut it. I've read some cruddy economic reporting this year, but that tops it all.
Duplicated, you'd think I've never posted here before.
After reading "Steve Jobs" I realized I wasn't the only bianary purist who looked at the world in 0's and 1's and at people as God's or morons (in Jobs words Gods or s******ds).
Page 359 of Isaacon's book described where jobs walked into chip maker VLSI's meeting and called them f****** d****** a******* for running late on Apple's chips. At that page I realized I'm not totally nuts, and that the moron word is rather tame.
The chips made it to Apple ontime and VLSI made their executive jackets that had "Team FDA" on the back of them.
I emailed that moron a "Team FDA" email, a your a moron email just wouldn't have cut it. I've read some cruddy economic reporting this year, but that tops it all.
I was hoping a big plate of veal marsala and our dinner conversation planted a seed that might bring you back.
Now take off the gloves and let us know what you really think....
Glad you're back
Thanks for dinner Dogs & hello to Cat.
After reading "Steve Jobs" I realized I wasn't the only bianary purist who looked at the world in 0's and 1's and at people as God's or morons (in Jobs words Gods or s******ds).
Page 359 of Isaacon's book described where jobs walked into chip maker VLSI's meeting and called them f****** d****** a******* for running late on Apple's chips. At that page I realized I'm not totally nuts, and that the moron word is rather tame.
The chips made it to Apple ontime and VLSI made their executive jackets that had "Team FDA" on the back of them.
I emailed that moron a "Team FDA" email, a your a moron email just wouldn't have cut it. I've read some cruddy economic reporting this year, but that tops it all.
Wooo hooo! Welcome back!
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