More on the Misalignment of the U.S. Treasury and Taxpayer Interests [View article]
The worst is yet to come. Tim-the-tax-cheat's newest scam, the Public Private Investment Program, is guaranteed to "screw" U.S. taxpayers even worse.
Follow the logic here. This program is needed because these "toxic assets" will bankrupt the banks if left on their balance sheets. However, the SAME banks who need to be rescued by this scam have ALREADY ANNOUNCED they plan to be first in line to BUY these assets "because they are such terrific values."
What can turn "toxic" assets which would bankrupt banks into "terrific values"? The ENORMOUS taxpayer subsidies which will be built into every one of these purchases.
Yes, Henarl, scapegoating the SLAVES which the U.S. government and Corporate America imported into the country is a popular American hobby.
There was a "typo" in one of your comments, however. It should have read, "we could RETURN the whole lala land to Mexico."
On May 17 02:06 PM henarl wrote:
> Perhaps California could sell San Quentin and other state prisons > to Mexico. A large percentage of inmates are their nationals anyway > and they could run the prisons like they do their own in Mexico. > Probably would cut down on recidivism that way too. > Or maybe the rest of the U.S. could just give the whole lala land > to Mexico. That might be cheaper than bailing them out and we couild > also get rid of Nancy that way. A win-win deal all around.
U.S. Government's Next Intervention? The Municipal Bond Market [View article]
Hi Phil. I would agree with all of your remarks, except (regarding your description of me), I would add "alarm" to go along with "anger".
As a Canadian, this is not as "personal" for me as it is for most readers. Rather, my anger is simply watching good, decent people having their way of life and their standard of living stolen them from by a group of evil oligarchs (through the actions of their servants in government).
While I'm sure this opinion will be unpopular with many, I don't see ANY "road" to a better future, unless/until the current two-party system is totally abolished. Very likely the current parties, themselves, would have to be dissolved - as BOTH are saturated with corruption.
On May 17 01:14 PM Phil Trupp wrote:
> Jeff Nielson is an angry man. He has every right to be. The federal > government has for years enabled what he calls "Wall Street's multi-trillion > dollar Ponzi scheme," and the beat goes on in the Obama administration. > > > Many otherwise smart people, sophisticated investors and political > observers, have bought into the radio talk show mantra of creeping > socialism. In truth, something far more disturbing is at work. Washington > has been bought and sold time and again by Wall Street. The Fed, > SEC, Treasury, CFTC have bowed to Wall Street's ongoing crime syndicate. > And Washington continues to risk the health of the nation by rewarding > financial players who view risk as a four-letter word. > > The banks have demanded billions of dollars in extortion money. > We have been told to pay up or face a choke hold on credit that will > force the nation to its knees. Washington runs to the printing presses, > caving to these very real threats. In this scenario it's fair to > ask who's pulling the strings. Yes, some banks have literally "threatened" > to give back their bailout money. Make no mistake: these are threats > and should not be mistaken for fiscal prudence or some spontaneous > burst of a moral obligation to free enterprise. Threats to return > bailout money are like karate chops--harsh reminders to the regulatory > establishment (such as it is) that Wall Street has many weapons at > its disposal and will use them to its own ends. > > Socialism isn't the tiger in lurking in the financial jungle; the > creature in the shadows is a growing public-private oligarchy with > the potential to become something far more sinister.
I've read many comments from those who "don't like" this commentary, but none which have addressed the central premise: nothing is being done to prevent California's bankruptcy.
In addition, many have suggested that I'm specifically criticizing Schwarzenegger, despite later remarks which generalize this crisis across the U.S.
Don't you think it's a little bit LATE to "shoot the messenger"?
Bankers, Bond Insurers Suing Each Other [View article]
Johnny Inca, the defaults have been among the smaller players in this market. You can get more info following the link in the commentary.
On May 17 09:16 AM johnny inca wrote:
> >>Meanwhile, there are increasing reports of bond insurers defaulting, > > > Jeff, I have not seen any of these reports. Which insurer (MBI, > ABK, RDN, etc) has defaulted on any coverage?
Gold Investments Market Update: Take 'Green Shoots' with a Pinch of Salt [View article]
Don't forget about the gold miners, more specifically, the junior producers. These companies are getting terrible valuations despite making RECORD profits.
Valuations for silver miners are even worse, as silver has been more successfully suppressed than gold - so far. However, the over-consumption and rapid depletion of silver inventories are the CONSEQUENCE of all this manipulation.
This is leading to a genuine shortage of silver, with an inevitable price-spike on the way.
GATA: U.S. Government Suppressing Gold Price [View article]
There is no "issue" about whether gold is being manipulated. An official with the Bank of International Settlements has already acknowledged this explicitly. Alan Greenspan did so, indirectly, in a speech where he stated that to calm markets, "Central Banks stood ready to lease [i.e. dump] gold in ever increasing amounts."
Finally, anyone who follows the Crimex futures trading sees all the evidence they need on a regular basis, with "short" positions far larger than the Hunt Brothers ever had in silver (on the "long" side) - when they were formally accused of "cornering the market".
For any interested, here's a link on GATA effort's to get the mythical gold at Fort Knox audited: www.bullionbullscanada...
Is India Now Irrelevant to the Gold Market? [View article]
Hi Jason. As a BIG silver fan, I've read a lot of your stuff.
I actually dealt with the numbers in one of the commentaries which I provided links for: “Gold demand driven by investment...PERIOD!"
The numbers (from the World Gold Council, 2008) showed "jewelry demand" (which includes India) slipping by 6%, while total "investment demand" increased by over 180%, and "RETAIL investor demand" increasing by just under 400%.
So, as you can see, the jewelry component of gold demand is no longer a "driver" of the gold market. What moves the market (or, at least, what SHOULD move the market) is retail investment demand and sovereign demand.
On May 16 02:32 PM Jason Hamlin wrote:
> Thanks for the article. It would be really helpful to quantify the > demand sources that you reference. Saying what percentage investment > demand or jewelery demand increased or decreased does not give the > true picture. > > The key question is: Does the number of ounces from increased state > and investment demand offset the number of ounces from decreased > jewelry demand? > > If the answer is yet, the price of gold should continue to rise. > If the answer is no, I would expect downward price pressure. > > Thoughts?
Germany the scapegoat for Anglo-American propagandists [View instapost]
Hi YHC, thanks for the comment.
I actually participate on a German forum, thanks to the quasi-reliable translation software, along with a lot of English-use by the German members. I've been surprised by their level of sophistication - compared to most of us in North America.
Now this was a precious metals forum, so maybe those that gravitate to such places tend to have a more sophisticated understanding of events. But I still lean to the belief that Germans (and possibly other Europeans) are close enough to being 'immune' from the propaganda that such public pressures (as you alluded to) would not grow stronger.
Is Socialism Coming Back to Haunt U.S.? [View article]
I agree with many of the comments here that calling the current dynamics in U.S. society "socialism" is ludicrous. For the last 30 years, there has been a relentless transfer of wealth out of the pockets of the poor and middle-class - and INTO the pockets of the wealthy. This is the OPPOSITE of socialism.
Fascist governments are ALSO large governments - and there is nothing "socialistic" about that.
Consumption Junction: 2 Thoughts on the Declining Savings Rate [View article]
A very well-written essay, and I was very surprised by some of the numbers. I do question the graph on the U.S. savings rate, as my previous understanding is that it had dipped below zero for over two YEARS, not just a few months.
To me, drastically rising debt-levels for U.S. families - DESPITE two incomes cannot be explained away as just more money spent on housing and health-care.
Instead, what this confirms is an ugly truth hidden from the American people (and those of other Western societies): apart from the top 15% (the so-called economic 'elites'), REAL wages have been steadily falling in the Western world for 30 YEARS - which much of this decline simply hidden by fraudulent inflation numbers.
Is the Crisis Over Yet? The CBO Weighs In [View article]
"Save the fiscal space for further stimulus for...the unlikely, but possible, confluence of circumstances that would constitute another serious panic phase."
Are you SERIOUS? Another "panic...unlikely"? Lol! Most likely, it is the U.S. government which will START the next "panic", as the only means to frighten enough investors back into U.S. Treasuries - in a desperate, last-ditch effort to re-inflate that "bubble".
And all the U.S. government has to do to cause another "panic" is to simply release some ACCURATE statistics (for once). Then watch the lemmings run for the nearest cliff!!
Is India Now Irrelevant to the Gold Market? [View article]
Yes, History Buffs - governments can still buy cheap, and so can we. However, buy ONLY "real", physical gold (and silver) and NOT the fraudulent, bullion-ETF's.
Bullion-ETF's were created to FOOL small retail investors into buying "paper", while the "smart money" buys actual gold and silver. These ETF's (with a few, small exceptions) do NOT hold "bullion" - only "paper promises".
On May 15 10:24 AM History Buff 24/7 wrote:
> If there is in fact manipulation going on (which I believe most rational > people would accept considering all the circumstantial evidence) > than an unintended side effect is that the central banks of the Western > economies have been gifting the countries that are buying gold with > irrationally low rates (presumably Russia, the Gulf Countries, perhaps > even some stealth moves by China although many think they are merely > hoarding their own gold production instead of selling it on the open > but rigged markets). > > If so, this will go down in history with Gordon Brown's sale of much > of the UK's gold at the insanely low price of $250 as an extremely > boneheaded manoever. > > There is a price to pay for manipulation when it fails. > > I believe silver will have its day as well. If gold goes through > the roof I don't think the bizarre gold/silver ratio of the last > year will be maintained either.
Are Gold ETFs Set for Another Spike as Inflation Fears Rise? [View article]
Bullion-ETF's are just another form of fraud in the gold (and silver) market. Bullion-ETF's claim they can buy gold and silver CHEAPER than anyone else in the world - in INFINITE amounts - and store it all at ZERO costs.
Anyone fooled by this blatantly fraudulent business model, deserves to be scammed. Buy ONLY real "physical" bullion.
By the way, the last I heard, SLV was SHORT 6 MILLION oz's of silver, in relation to the units sold, and was UNABLE to obtain a new "custodian" deal for that additional silver.
More on the Misalignment of the U.S. Treasury and Taxpayer Interests [View article]
Follow the logic here. This program is needed because these "toxic assets" will bankrupt the banks if left on their balance sheets. However, the SAME banks who need to be rescued by this scam have ALREADY ANNOUNCED they plan to be first in line to BUY these assets "because they are such terrific values."
What can turn "toxic" assets which would bankrupt banks into "terrific values"? The ENORMOUS taxpayer subsidies which will be built into every one of these purchases.
California's Economy: Disaster Developing [View article]
There was a "typo" in one of your comments, however. It should have read, "we could RETURN the whole lala land to Mexico."
On May 17 02:06 PM henarl wrote:
> Perhaps California could sell San Quentin and other state prisons
> to Mexico. A large percentage of inmates are their nationals anyway
> and they could run the prisons like they do their own in Mexico.
> Probably would cut down on recidivism that way too.
> Or maybe the rest of the U.S. could just give the whole lala land
> to Mexico. That might be cheaper than bailing them out and we couild
> also get rid of Nancy that way. A win-win deal all around.
U.S. Government's Next Intervention? The Municipal Bond Market [View article]
As a Canadian, this is not as "personal" for me as it is for most readers. Rather, my anger is simply watching good, decent people having their way of life and their standard of living stolen them from by a group of evil oligarchs (through the actions of their servants in government).
While I'm sure this opinion will be unpopular with many, I don't see ANY "road" to a better future, unless/until the current two-party system is totally abolished. Very likely the current parties, themselves, would have to be dissolved - as BOTH are saturated with corruption.
On May 17 01:14 PM Phil Trupp wrote:
> Jeff Nielson is an angry man. He has every right to be. The federal
> government has for years enabled what he calls "Wall Street's multi-trillion
> dollar Ponzi scheme," and the beat goes on in the Obama administration.
>
>
> Many otherwise smart people, sophisticated investors and political
> observers, have bought into the radio talk show mantra of creeping
> socialism. In truth, something far more disturbing is at work. Washington
> has been bought and sold time and again by Wall Street. The Fed,
> SEC, Treasury, CFTC have bowed to Wall Street's ongoing crime syndicate.
> And Washington continues to risk the health of the nation by rewarding
> financial players who view risk as a four-letter word.
>
> The banks have demanded billions of dollars in extortion money.
> We have been told to pay up or face a choke hold on credit that will
> force the nation to its knees. Washington runs to the printing presses,
> caving to these very real threats. In this scenario it's fair to
> ask who's pulling the strings. Yes, some banks have literally "threatened"
> to give back their bailout money. Make no mistake: these are threats
> and should not be mistaken for fiscal prudence or some spontaneous
> burst of a moral obligation to free enterprise. Threats to return
> bailout money are like karate chops--harsh reminders to the regulatory
> establishment (such as it is) that Wall Street has many weapons at
> its disposal and will use them to its own ends.
>
> Socialism isn't the tiger in lurking in the financial jungle; the
> creature in the shadows is a growing public-private oligarchy with
> the potential to become something far more sinister.
California's Economy: Disaster Developing [View article]
In addition, many have suggested that I'm specifically criticizing Schwarzenegger, despite later remarks which generalize this crisis across the U.S.
Don't you think it's a little bit LATE to "shoot the messenger"?
Bankers, Bond Insurers Suing Each Other [View article]
On May 17 09:16 AM johnny inca wrote:
> >>Meanwhile, there are increasing reports of bond insurers defaulting,
>
>
> Jeff, I have not seen any of these reports. Which insurer (MBI,
> ABK, RDN, etc) has defaulted on any coverage?
Gold Investments Market Update: Take 'Green Shoots' with a Pinch of Salt [View article]
Valuations for silver miners are even worse, as silver has been more successfully suppressed than gold - so far. However, the over-consumption and rapid depletion of silver inventories are the CONSEQUENCE of all this manipulation.
This is leading to a genuine shortage of silver, with an inevitable price-spike on the way.
GATA: U.S. Government Suppressing Gold Price [View article]
Finally, anyone who follows the Crimex futures trading sees all the evidence they need on a regular basis, with "short" positions far larger than the Hunt Brothers ever had in silver (on the "long" side) - when they were formally accused of "cornering the market".
For any interested, here's a link on GATA effort's to get the mythical gold at Fort Knox audited: www.bullionbullscanada...
Is India Now Irrelevant to the Gold Market? [View article]
I actually dealt with the numbers in one of the commentaries which I provided links for: “Gold demand driven by investment...PERIOD!"
The numbers (from the World Gold Council, 2008) showed "jewelry demand" (which includes India) slipping by 6%, while total "investment demand" increased by over 180%, and "RETAIL investor demand" increasing by just under 400%.
So, as you can see, the jewelry component of gold demand is no longer a "driver" of the gold market. What moves the market (or, at least, what SHOULD move the market) is retail investment demand and sovereign demand.
On May 16 02:32 PM Jason Hamlin wrote:
> Thanks for the article. It would be really helpful to quantify the
> demand sources that you reference. Saying what percentage investment
> demand or jewelery demand increased or decreased does not give the
> true picture.
>
> The key question is: Does the number of ounces from increased state
> and investment demand offset the number of ounces from decreased
> jewelry demand?
>
> If the answer is yet, the price of gold should continue to rise.
> If the answer is no, I would expect downward price pressure.
>
> Thoughts?
Germany the scapegoat for Anglo-American propagandists [View instapost]
I actually participate on a German forum, thanks to the quasi-reliable translation software, along with a lot of English-use by the German members. I've been surprised by their level of sophistication - compared to most of us in North America.
Now this was a precious metals forum, so maybe those that gravitate to such places tend to have a more sophisticated understanding of events. But I still lean to the belief that Germans (and possibly other Europeans) are close enough to being 'immune' from the propaganda that such public pressures (as you alluded to) would not grow stronger.
Is Socialism Coming Back to Haunt U.S.? [View article]
Fascist governments are ALSO large governments - and there is nothing "socialistic" about that.
Consumption Junction: 2 Thoughts on the Declining Savings Rate [View article]
To me, drastically rising debt-levels for U.S. families - DESPITE two incomes cannot be explained away as just more money spent on housing and health-care.
Instead, what this confirms is an ugly truth hidden from the American people (and those of other Western societies): apart from the top 15% (the so-called economic 'elites'), REAL wages have been steadily falling in the Western world for 30 YEARS - which much of this decline simply hidden by fraudulent inflation numbers.
Is the Crisis Over Yet? The CBO Weighs In [View article]
Are you SERIOUS? Another "panic...unlikely"? Lol! Most likely, it is the U.S. government which will START the next "panic", as the only means to frighten enough investors back into U.S. Treasuries - in a desperate, last-ditch effort to re-inflate that "bubble".
And all the U.S. government has to do to cause another "panic" is to simply release some ACCURATE statistics (for once). Then watch the lemmings run for the nearest cliff!!
Is India Now Irrelevant to the Gold Market? [View article]
Bullion-ETF's were created to FOOL small retail investors into buying "paper", while the "smart money" buys actual gold and silver. These ETF's (with a few, small exceptions) do NOT hold "bullion" - only "paper promises".
On May 15 10:24 AM History Buff 24/7 wrote:
> If there is in fact manipulation going on (which I believe most rational
> people would accept considering all the circumstantial evidence)
> than an unintended side effect is that the central banks of the Western
> economies have been gifting the countries that are buying gold with
> irrationally low rates (presumably Russia, the Gulf Countries, perhaps
> even some stealth moves by China although many think they are merely
> hoarding their own gold production instead of selling it on the open
> but rigged markets).
>
> If so, this will go down in history with Gordon Brown's sale of much
> of the UK's gold at the insanely low price of $250 as an extremely
> boneheaded manoever.
>
> There is a price to pay for manipulation when it fails.
>
> I believe silver will have its day as well. If gold goes through
> the roof I don't think the bizarre gold/silver ratio of the last
> year will be maintained either.
Are Gold ETFs Set for Another Spike as Inflation Fears Rise? [View article]
On May 15 11:12 AM ryshay2 wrote:
> "SLV was SHORT 6 MILLION oz's of silver"-
>
> any link for that?
Are Gold ETFs Set for Another Spike as Inflation Fears Rise? [View article]
Anyone fooled by this blatantly fraudulent business model, deserves to be scammed. Buy ONLY real "physical" bullion.
By the way, the last I heard, SLV was SHORT 6 MILLION oz's of silver, in relation to the units sold, and was UNABLE to obtain a new "custodian" deal for that additional silver.
Caveat emptor !!!!!!!!