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Jeff Nielson  

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  • Will the CFTC Actually Act to Protect Silver Investors? [View article]
    A nice summary!

    I'm starting to come-around to believing that Bart Chilton is serious, too - despite the fact that he did NOTHING to stop silver manipulation while HE was Chairman.

    I can only guess that Chilton experienced some Scrooge-like "visitation": where he saw himself burning in Hell, for all of the years he HELPED the banksters manipulate this market...?
    Oct 26, 2010. 04:11 PM | 19 Likes Like |Link to Comment
  • The U.S. fell out of Transparency International's list of the 20 least corrupt nations, thanks to declining faith in prevailing ethics due to "lending practices in the subprime crisis, the disclosure of Bernard Madoff's Ponzi scheme and rows over political funding." Too late to include in the calculus: the foreclosure mess.  [View news story]
    The real question is how could the U.S. POSSIBLY have still been in the top-20?

    It's not like the Wall Street crime-wave (and the U.S. government's efforts to PROTECT that crime-wave) just began yesterday...
    Oct 26, 2010. 03:05 PM | 3 Likes Like |Link to Comment
  • The key to an economic turnaround could be housing - yes, housing, according to Patrick Doherty and Christopher Leinberger, who argue that consumers are demanding "walkable urban" real estate that would provide a huge stimulus by slashing transportation costs from the prevailing suburban lifestyle.  [View news story]
    You can only shake your head in amazement at the fantasy-world these people live in.

    Americans with no savings and no jobs, and who are increasingly unable to sell their homes are going to finance ANOTHER real estate "boom"...

    Yes, immediately after the Treasury Department mails-out cheques for 50,000 Bernanke-bills to every man, woman and child - and then a whole, new generation of Wall Street Ponzi-schemes can begin...

    "Profit, Policy and Propaganda"
    Oct 25, 2010. 01:55 PM | 10 Likes Like |Link to Comment
  • Looking Ahead to U.S. Q3 GDP [View article]
    Why would anyone "look forward" to more ridiculous, U.S. economic lies?

    Today Goldman Sachs proclaimed that the Fed "needs to spend $4 TRILLION" to try to revive the U.S. economy.

    That's TWICE as much as the entire amount it previously spent to "solve the crisis" and "start a U.S. economic recovery" (LOL!!!).

    Goldman's comments DIRECTLY imply that the "U.S. economic recovery" (and everything else coming out of the mouth of Bernanke) were 100% LIES.

    "Goldman: Fed needs to spend $4 trillion in "QE2" "

    "Profit, Policy and Propaganda"
    Oct 25, 2010. 12:17 PM | 1 Like Like |Link to Comment
  • Bank ‘Reform’ Makes All Oligarchs Permanently Too-Big-To-Fail [View instapost]

    I still prefer Plutarch's way of putting that (from 2,000 years ago):

    "An imbalance between rich and poor is the oldest and most fatal ailment of all Republics."

    How sad that something which was "old news" 2,000 YEARS ago is a complete "mystery" to 99% of today's "experts"...
    Oct 25, 2010. 12:13 PM | 1 Like Like |Link to Comment
  • Bank ‘Reform’ Makes All Oligarchs Permanently Too-Big-To-Fail [View instapost]
    If you people LIKE these pieces, perhaps you could "mention" this to Seeking Alpha - which is (once again) refusing to post most of what I submit...
    Oct 25, 2010. 12:11 PM | Likes Like |Link to Comment
  • The Fed may purchase up to $2T of assets to stimulate the economy, says Goldman Sachs economist Jan Hatzius, and could announce QE2 on Nov. 3. Hatzius expects "an announcement of $500B or perhaps slightly more over a period of about six months. The key question, however, is not the size of the first step, but how far Fed officials will ultimately need to move to achieve their dual mandate of low inflation and maximum sustainable employment."  [View news story]
    How STRANGE that Seeking Alpha should "miss" the other announcement by Goldman Sachs - on the SAME issue, on the SAME day...

    "Goldman: Fed needs to spend $4 trillion in QE2"

    Oct 25, 2010. 11:50 AM | 7 Likes Like |Link to Comment
  • Fannie and Freddie are trying their hands at mediation, as sources say the mortgage giants have taken a leading role in crafting an indemnification agreement between banks and title insurers aimed at getting foreclosure sales started again. Though not yet final, the two sides have apparently made significant progress on the agreement.  [View news story]
    An "indemnification agreement"?

    LOL!! So bankrupt Fannie and Freddie are going to "guarantee" titles now - except since they have to mooch every penny from taxpayers, this means that TAXPAYERS will now be "guaranteeing" all U.S. mortgage titles, just like they're ALREADY guaranteeing all mortgages.

    For all the right-wing knuckle-draggers wanting to let the banksters keep their fraudulent, foreclosure mills going: congratulations! You're going to get what you DESERVE - paying-up for a decade of title-fraud, rather than FIXING things today.

    "Profit, Policy and Propaganda"
    Oct 23, 2010. 07:42 PM | 5 Likes Like |Link to Comment
  • Why Gold's Fall Is Not Final [View article]
    I totally agree Robert.

    The amount of holders of gold even CONSIDERING profit-taking is miniscule compared to the massive buying-power of central banks and other major players HOPING to buy thousands of tons of gold.

    The (minor) move on interest rates was the pretext for the shorts to launch their attack. The big-buyers (i.e. China et al) are quite happy to LET the banksters have their momentary glory - as all it means to them is CHEAPER BULLION.

    Conversely, these big-buyers will NEVER allow serious chart-damage to occur - and will spank the shorts as often and as severely as necessary to make that point.
    Oct 23, 2010. 11:10 AM | 18 Likes Like |Link to Comment
  • You can be for tax cuts, inflation targeting and QE2, Karl Smith says - liquidity is the issue if the U.S. wants to escape Japan's fate, and it'll take nonpartisan cooperation to get out of that trap.  [View news story]
    Another brain-dead Keynesian.
    Oct 23, 2010. 10:59 AM | 2 Likes Like |Link to Comment
  • How High for Gold and Silver? Part II: Hyperinflation [View instapost]
    Yes, because hyperinflation is ALSO a crisis of confidence, historically the shift from "high inflation" to "hyperinflation" is sudden.

    We need think back only to how quickly the Soviet Union disintegrated, for an example of how fast even a great empire can crumble.
    Oct 23, 2010. 01:34 AM | Likes Like |Link to Comment
  • The Obama administration's handling of the foreclosure mess is yet another instance of using PR as the preferred solution for policy problems, Yves Smith writes. The effect of its "don’t rattle the markets" posture is a refusal to dig too deeply, she says, and "the end result is to sanction fraud."  [View news story]

    How about pure propaganda?

    "Profit, Policy and Propaganda"
    Oct 22, 2010. 04:49 PM | 6 Likes Like |Link to Comment
  • Foreclosure Fraud Fallout [View article]

    I have LONG believed there is a very ominous connection between the disintegration of constitutionally "guaranteed" rights in the U.S. and the explosion in the number of private prisons being built in the U.S.

    It appears that the morally, intellectually bankrupt U.S. government is turning to Dickens for "guidance"...
    Oct 22, 2010. 09:00 AM | 2 Likes Like |Link to Comment
  • Foreclosure Fraud Fallout [View article]
    An excellent summation of the process and the problem!
    Oct 22, 2010. 08:57 AM | 2 Likes Like |Link to Comment
  • Foreclosure Fraud Fallout [View article]

    I think that MANY actions of the Oligarchs were deliberately intended to destroy the U.S. economy - like creating a housing-bubble, so that they could STEAL millions of homes (via foreclosure) when it burst.

    However, much of what the banksters have destroyed in the U.S. is just "collateral damage" - the inevitable result of allowing a gang of economic terrorists (and obvious psychopaths) to run amok.

    Certainly the banksters wouldn't have "planned" to destroy their OWN sector.
    Oct 21, 2010. 01:57 PM | 5 Likes Like |Link to Comment