Did U Think The Ponzi Scheme Would Last?

Bernanke in the Hot Seat

Bernanke is the head of a criminal organization known as the federal reserve. It amazes me how few Americans are on to this scam since it is so obvious. They control the money supply with no oversight, no audits, no nothing. Gawd what a patsy the average American is.

I suspect that this will change once the easy credit based living evaporates in the US. If Ron Paul is successful in auditing the fed I think the light will finally come on for America just how corrupt our government and the associated military industrial complex has become.

What's the Real Cost of the Cap-and-Trade Program?

On Jun 21 09:30 AM Ferdinand E. Banks wrote:
" Cap-and-trade and the philosophy behind it is so crazy that I will use the 5 or 10 minutes that it would take for examining those meaningless numbers to look in the mirror and admire myself."

Man I wish people would fully understand. I often read or hear someone talk about these programs being "crazy", "naive", "foolish", or some other descriptor which implies that the government doesn't know exactly what it is doing or why. That's like saying the Chinese martial artist using the drunken boxer style is crazy or that con men are crazy. Government acts might appear to be crazy but deadly logic underlies their moves. This is how the power elite harvest and shear the sheeple who think they are "crazy" for doing so.

Wake up America. Cap and trade is another scam and the joint government - academia driven marketing program for it is global warming. First off, there is no proof that humans are affecting the climate at all. The climate has swung violently over the millennium even without human industrial presence. The record is clearly there in ice samples from old glaciers, etc. But hey, we need another war on something or other in order to justify government racking up more unpayable debt. Debt which funds bigger, more powerful government which is the only real goal of the scam. Grab and retain power the power to SPEND MONEY ON ITSELF.

Wake up Scamerika.

Bankruptcies of Large U.S. Corporations Soar

Well well well. The people are starting to figure it out. I guess you really can't fool all the people all the time. As you can infer from my SA handle and the many comments I have written, this Bernanke lie, the Paulson lie and the Greenspan lies were all fully understood long ago.

The entire government is corrupt, not just the federal reserve. All governments eventually turn corrupt when the people develop apathy toward the running of them and are content to allow "someone else" full governmental control of their lives.

We ain't seen bad yet but its coming.

The Long Case for Abbott Laboratories

Um, do you know how to read a stock chart? This POS just broke down its decade long support line and the best way to play is with deep out of the money Jan 2011 puts.

Growth Outperforming Value

Oh please. "Growth" is a euphemism for "bubble". Yes, bubble stocks were shorted harder than "value" stocks and thus they will pop up faster. But they will also be the short targets once again when the fed runs out of fake money to throw at the problem, a situation brought on by higher interest rates.

Don't Fight the Guys Who Have the Power to Print Money

Well said Jasper. The fed's ability to control the economy is a complete illusion which is what you would expect from a bunch of con men.

The only caveat here is timing. While the fed is not larger than the market, it is a master gamer of same and it knows how to stretch its influence using leverage in the financial markets as well as in the political arena. The fed is starting to tire out but may have one last hurrah left in it leading to a final summer rally and then the dreaded Red October.

What the fed is about to learn is that it can't fool all the people all the time and that the market is far bigger than any government.


On Jun 15 09:15 PM Jasper M wrote:

> They Don't really have the power to print money; rather, the power
> to create Credit. NOT the same thing (contrary to fashionable notions).
>
>
> THIS investor will happily fight the Fed, as history, and the Austrian
> School (and pretty much any indicator you can name), tells me that
> they will lose.

Empire State Survey Suggests the Recession Is Ending

How many times was the depression called "done" only to find out that such prognostications were early at best and childish at worst.

Data Suggests This Is Not a Short Covering Rally

A sucker is born everyday it seems.

Of course it was more than a short covering rally. It was a rally which expected reflation was going to happen. It was the Fake Unamerican Currency drop by Keynesian Bernanke rally. Bernanke's helicopters were grounded by a massive storm called Chinese objections which sent forth bolts of higher interest rates regardless of Bernanke's QE program.

Now that we have received the direction from China not to inflate our way out of debt we will now return to our previously scheduled deflationary crash.

Stop the Presses! We're Printing Less Money

Man I can't believe how blind people are. Bernanke says he has a helicopter and can print and distribute any amount of money he wants to and says they will start QE. China sits quietly to see if it is just rhetoric. Obama puts a massive bail out budget in place. China starts to worry and publicly complain. Interest rates begin to rise and Hillary runs over to China to appease them. They send her sorry a$$ home and tell her to send a real person of authority. Geithner heads over and the students of Peking U laugh at him when he says US debt is safe. Geithner comes home and a day later Bernanke makes public statements about needed to address the deficit. Apparantly he didn't get the Obama memo that we were going on a 2 trillion dollar shopping trip? Of course he did!! but he was also notified by the credit card company that credit would indeed be switched off in a hot hurry if we didn't toe the line and so all of a sudden Obama's spendy rhetoric tones down, Bernanke is no longer talking loudly about helicopter drops and what do you know but silver and gold peak and start to go down.

Face it people, China is now controlling US fiscal policy because they can spend their cash on something other than US treasuries after all and if they do it will mean hyperinflation for the US which is worse than deflation.

So deflation it will be. At least for the time being. We can concern ourselves with hyperinflation later (and we will have to).

Commodity Prices: Undeniable Green Shoots

From a charting point of view it looks like there was a 3 wave correction higher which is now unwinding.

In other words we are still on the tail end of the commodity bubble bust. Go look at the silver price. It has topped out and is now headed below $8. People don't understand that credit/debt is a larger component of the money supply than is real money and that credit is still contracting at an alarming rate do to fears of default.

Deflation, not inflation is what is next in store for us. It is already happening. Homes are cheaper as are cars and anything else you would want to buy on credit. Jobs are being lost and salaries are being reduced. These things are not inflationary and I don't care how in love someone is with commodities, if people can't afford them then they won't buy them.

Will McDonald's or Burger King Grow Despite the Recession?

"As the recession appears to be coming to a close"

Sorry, I had to stop reading there as you appear to have bought into the artificial "green shoots" story. That basic incorrect belief will be the undoing of millions.

Will McDonald's or Burger King Grow Despite the Recession?

"As the recession appears to be coming to a close"

Sorry I had to stop there because you appear to believe the green shoots are something other than unsustainable fed driven fantasy.

Goldman Sachs Principal Transactions Update: 741 Million Shares

The market is not stupid. It is letting GS dig itself a grave. People think GA is omnipotent. More truthfully it is just hyper leveraged. Its a foregone conclusion that this will end badly for them. You really can't fool all the people all the time.

Farewell, TED Spread… See You Again, Soon?

"I prefer to see this as a recognition that the U.S. government does have the will and power to prevent a systemic meltdown (obviously, there are costs involved)."

Wow. Well the way I see it is that complacency has gotten its teeth back into the market and the VIX shows this too. No, the fed does not have the power to control the markets. That is a myth. If it did then it would simply demand perpetual prosperity and we could all go home rich without doing any work. Sorry, it doesn't work like that. The markets are faaaaar bigger than all the governments combined. Wait until the herd starts to panic again and you will see Bernanke and Geithner either step aside or get trampled and the herd heads sounth. The fed is not all powerful as some think. It can perturb the markets in the short to medium term but it cannot mandate prosperity by fiat.

Bill Miller vs. Meredith Whitney - Why They're Both Right

Face it, Miller did well in a bull market when you could do well by throwing darts.

Whitney did well when others thought she was insane.

Whitney is the smarter and more honest of the 2. Miller has the hand of the financial elite up his a$$ so that they can puppet his mouth moving.