Yankee Running Dog's Comments

Wednesday Outlook: Commodities, Global Markets

Wed, 06 May 2009 11:42:43 -0400

Comments about Helo Ben

Wow, the Fractional Reserve Banker speaks.... What else could he say. After all, he is the official spokesman for the Fractional Reserve Banking system that we have. Let me see, what is that, oh yea, that is the system that allows banks to pump air money at 10 to 30 to one ratios into the financial system. The banks only have to keep 10 % reserves while the rest is air. This fraud has been going on for about 300 years. Deflation is when the masses smell the con and go running for their money and find that there is nothing but air... It is Ben's job to re inflate the con, with spin stories about the recovery that will be here in six months. If he can get the masses to believe this, then the fraudulent system might start working again. Right now, the only money going into the Ponzi Scheme is the air money from the government. Not a good position to be in, the last into a Ponzi Scheme. Lets give Ben a new name, Ponzi Finance Minister. He makes Madoff look like a piker. The Orwellian doublespeak continues, 30 % drop in housing is good, Chrysler goes bankrupt and it is good, 600,000 job losses a week is good news... Joseph Goebbels would have been proud of this disinformation.

M3: The Money Supply Sure Doesn't Look Like Deflation

Sat, 02 May 2009 14:37:18 -0400

The world started into Ponzi finance in August 2007. Just take a look at the Tedspread charts and they will tell you. All of the Fractional Reserve Banking air money started to disappear. People start grabbing at the air money and find there is nothing there... Decisions to put the keys in the mailbox and walk start making sense. Right now the only one pumping money into the Ponzi scheme is the Federal governments, with what else but air money... And look, it is starting to work, all of the main stream media is starting to talk about the economy stabilizing, Their scheme of starting the air money parade with the Fractional Reserve system is starting to show signs that the con is working. One has to realize that the Fractional Reserve Banking system is based on fraud, which allows banks to only hold 10% of all the air money that they pump. The rest is psychology. Deflation is when the masses smell the con and run for their money, 90% of which is thin air. Inflation is when the con wins and gets the suckers back in line and pumps the money. Right now we are the interesting point somewhere in between, and it still could go either way. Of couse, the nice sounding name business cycle sounds so much more pleasant

Wednesday Outlook: Commodities, Global Markets

Wed, 29 Apr 2009 12:09:56 -0400

Kudlow the Clown is a Fractional Reserve Banking shill who is an air money pumper. His mission in life is to help the financial system pump air money in the so called "business cycle" He "gets it right" from 2002-2007. Who knew that air money was being pumped then?? Anyone who had an IQ larger than their shoe size.

Now when the system goes into Ponzi Finance and no one seems to be able to get their hands on the disappearing air money, Kudlow seems to have it all wrong. You have to understand the system and the part that Kudlow plays in it.

On Apr 29 10:47 AM Cetin Hakimoglu wrote:

> Kudlow was right between 2002-2007...bears get 18 months of vindicsation..now
> the bulls are yet again in charge

Tuesday Outlook: Commodities, Global Markets

Tue, 28 Apr 2009 18:10:54 -0400

"We’re paying a big price for past excesses, primarily from bubbles caused by easy money policies of the past combined with the demise of Glass-Steagall in 1999. So the lying and cover-ups just continue apace since, given the election cycle, politicians would just as soon inflate as admit mistakes and make the hard choices. It’s all quite shameful but that’s what we have and it might be the undoing of our democracy."

Well said, all I would add is that it might go back to the Federal Reserve Act of 1913 (also the year that income taxes were started, who knew the connection?) . Something has to be done about the Fractional Reserve Banking that controls the world. As long as the fools in charge of the financial oligarchy can print air money at 10 to 1(what they are supposed to, more like 30 to 1 after they finish their accounting tricks) we will continue to go through the boom bubble bust and dust cycle. They have coined a nicer name for the game, the business cycle. A total rethink on leverage (air money) needs to brought to the table, but I doubt that the people in charge want to change the rules. It is shameful to watch what is going on.

Thursday Outlook: Another Bubble?

Thu, 19 Mar 2009 10:05:21 -0400

The big news from Ben was that he was going to buy back his own bonds. This of course means printing money at no cost to Fed, but it should have a cost on the dollar. This could be the big pivot point in the dollar. So lets see, expect a rise in gold, commodities, PG (multinational corps with large overseas profits). In other words, expect the price of real things to go up as the dollar goes down. Lets just hope they don't turn it into Wiemar 1923 where a wheelbarrow of paper money bought a loaf of bread. Helo Ben could be headed for hyperinflation

Tuesday Outlook: Commodities, Global Markets

Tue, 17 Mar 2009 16:59:38 -0400

I think the big picture to keep an eye on is the Treasury buyback of its own product. The treasury has said over the last few months that it has plans to buy back its long term bonds if there are not enough buyers. With the TIC data out yesterday of -43 billion when the market expected a positive 45 billion starts ringing the dive, dive, dive bells... One would think that if the Treasury starts buying its own bonds (equivalent to freely printing money) that the dollar will start to lose its luster, inflation will take off and oil, gold and commodity prices will rise and Uncle Wen will not be pleased.

Does anyone have a good source on where to monitor if the Treasury is buying back its own bonds?

Friday Outlook: Commodities, Global Markets

Fri, 13 Mar 2009 12:36:26 -0400

Dave,

By the way, Kudlow the Clown is now pimping changing the mark to market rule. Who could have guessed...

Friday Outlook: Commodities, Global Markets

Fri, 13 Mar 2009 12:00:11 -0400

Changing the rules on Marked to Market? What shameless fraud. When the 30 to 1 air money was pouring down on everyones heads and Marked to Market helped pump the whole Ponzi scheme up, up up, no one was complaining about Marked to Market. Of course not, that is what it is designed to do, pimp and pump the bull market version of reality of air money. When things turn south (just take a look around!) and no one can quite seem to get their hands on the disappearing air money, the Ponzi scheme gets a little shaky. So just move the goal posts, rewrite the marked to market rules so all of that bad air money can dissappear or at least be hidden under a rock somewhere. And who knows, if the Zombie banks like Citi and Bank of America get nationalized with taxpayer money, then the taxpayer will have to pay top retail dollar for crap. Think that would make the Wall Street banking crowd smirk. Quoting David Fry, innocent people are losing their jobs while the fraudsters are still on their yachts ( except for Madoff, the sacrificial lamb!)

Cramer's Stop Trading! What Do Cramer and Rush Limbaugh Have in Common? (1/29/09)

Fri, 30 Jan 2009 12:23:49 -0500

Both Cramer and Limburger are shills for their industry, Cramer for the Wall Street financial looters and Limburger for the Neo Cons. Entertainment white noise only. Whenever you listen to them, always ask the question, what are they trying to sell today and who are they working for. Generally it is healthy to move in the opposite direction, especially in today’s market of fiddlers while Rome burns scenario.

Six Reasons Current Gaza Strip Fighting Could Boost Israeli ETFs

Tue, 27 Jan 2009 17:16:50 -0500

"Secondly, the topography that is being blasted is mainly desert and uninhabited, unlike during the Lebanon war, which hit a major port and tourist destinations"

Wow, the author cannot count! 1.5 million human beings live in Gaza and the author thinks it is uninhabited.

How can you take anything seriously from this author. It looks like he really does not know what he talks about

Against Bank Nationalization

Fri, 23 Jan 2009 13:40:56 -0500

All of this inside the box thinking will only lead to a bigger mess. How about getting rid of the fractional reserve banking that has created this mess. Allowing banks to create money from thin air at a 10 to 1 ratio is an obvious Ponzi scheme. As long as things are going good, everything works fine. As soon as confidence is gone (take a look around), there is nothing quite like a run on the bank when everyone realizes that their money was produced by air. Right now, the only ones entering money in the Ponzi scheme are the US taxpayers. It is not a good position to be in, the last one in. Maybe a better question for today is who exactly is taking the money out of the scheme today.

Tuesday Outlook: Commodities, Emerging Markets

Tue, 11 Nov 2008 13:57:46 -0500

Hey, Jack the Ripper and the Easter bunny,

Go have a drink and chill out, unbridled arrogance gets boring fast.

Yankee Running Dog

Tuesday Outlook: Commodities, Emerging Markets

Tue, 11 Nov 2008 10:23:12 -0500

Owen,

Spoken like a true insider... Sounds like Dave hit a nerve with you, perhaps you are the insider Shill.

Tuesday Outlook: Commodities, Emerging Markets

Tue, 14 Oct 2008 16:11:06 -0400

Nothing like a whipsaw to make us all humble. I still have my ETF shorts and am thinking along the lines of Nationalize Everything above. There still is going to another nasty downdraft. I start to feel naked without the shorts.

Here is my dime store philosophy for the day:

The quick and dirty cure for the financial meltdown is for the world to basically declare itself bankrupt and all debt is written off at 9 am tomorrow morning and there is a new beginning.. 95% of the worlds population would love it, 5 % that controls all the money and power would hate it, as they would have to go to end of the line. It is a shame that the fraudsters are going to make the 95% go down with them, just so they can keep their position at the top of the pile.

Nouriel Roubini Predicts (Surprise!) a Long Recession

Fri, 10 Oct 2008 18:42:41 -0400

Here is the solution that 95% of the world would love but 5% of the people with money and power would hate... At 8 am tomorrow morning, all debt in the world is cancelled. Basically, the world declares bankruptcy and starts over with 6 grader lessons for everyone on how to save money next time around...Otherwise; the 95% is going to rapidly become indentured servants.

Deflation Changes the Rules

Thu, 09 Oct 2008 14:14:14 -0400

If we are headed for deflation, all bets are off... Capitalism does not work well in deflation, no place to feed the greed...

Gold is an interesting question in deflation. We cannot learn from the history of the depression as currencies were unwinding from the gold standard then and then the US government confiscated all the gold in the USA. I have heard several sources that sell gold saying that their sources have dried up in the last week, bullion is hard to get. With supply drying up, the price should be going through the roof, but is not.. Something unusual is going on here...

I would say there are current technical factors as to why the dollar is going up, like European Banks having to raise dollar reserves to cover their dollar denominated mortgage securities (can anyone spell lumps of shi*). The Libor rate is through the roof so they have to go out on the market to buy dollars. How long this will last is anyone’s guess, but eventually the Fed pumping billions and now trillions a day out its window will have to lead to some kind of dilution of Uncle Buck.

Will inflation or deflation win? All of the dollars pumping would say inflation; people quit buying things, losing their jobs and no credit for anything would say deflation. No wonder we all getting whipsawed everyday as deflation and inflation tear each other to pieces. Who ever wins may not leave many of us standing.

Tuesday Outlook: Commodities, Emerging Markets

Tue, 07 Oct 2008 23:49:55 -0400

Two comments today.

One is just about all of my short ETFs are gone. I put very high limits on them, most above any previous rocket high, and almost all have been taken out. Its like watching a rocket punch up and hand you some money.. So I am now waiting for the next dead cat bounce or sucker rally or whatever it will be to load up on Ultra short ETFs.

Two, are we going to see deflation or inflation. After reading some history from 1929 to 1933, after the banks seized up, prices of just about everything went down... Not hard to imagine if no one is buying. Seems like that mentality is starting to take hold now. I am not sure what gold will do if there is deflation now. Back in the 1930's currencies were rolling off the gold standard and then Uncle Bucky seized all the gold in the USA so we cannot look to that as a lesson. I certainly agree with the billions soon to be trillions pumping out the Fed window, there has to be a dilution of the buck and many argue for inflation. Right now, my instinct tells me that deflation is just around the corner.. and capitalism does not work well in deflation, nothing to feed the greed. This could be back to Hobbs natural state where life is "short, nasty and brutish". How long can you make a living shorting the market?

The Global Economy: Is Deflation the Next Macro Story?

Mon, 06 Oct 2008 15:30:43 -0400

BudH

Don't be so sure on the min wage cut.. One of the canidates for govenor in Washington is proposing just that, a cut in the min wage.

The Global Economy: Is Deflation the Next Macro Story?

Mon, 06 Oct 2008 12:18:41 -0400

I can see Ben cutting interest rates to 0.0% and then realizing that he cannot cut further. I believe that Greenspan actually said that he needed to raise rates from 1.0% so that sometime in the future he could drop rates again. This would be similar to Japan on a historical note. The interesting thing to watch is will foreigners continue to buy Treasuries at 0.0% ??? They seem to be a hard sell right now. A rate increase any time soon would really seize up markets.

Also in the 1929 to 1932 period, people simply quit spending money and prices of just about everything dropped. I think that this is a very probable scenario today.

An interesting question is that if deflation is coming, what will happen to gold. It's hard to look to the Depression for answers there when the countries were abandoning the gold standard and US citizens were forbidden to own gold from 1933. Will gold be a safe haven independent from deflation or will its value fall like everything else?

My intuition (not nearly as complicated and rambling as the author’s words!) tells me that deflation is just around the corner. And capitalist theory does not work very well in deflation. I know Ben spent all his academic energy figuring out how to stop deflation, let’s hope he has something up his sleeve, otherwise our sage George Bush could be correct when he said, "This sucker could go down."

U.S. Future Inflation Gauge Plummets to Six Year Low

Mon, 06 Oct 2008 11:45:43 -0400

Maybe this is not such good news.. Are these figures based on the cooked inflation numbers given by the gov or does this mean that deflation is upon us?

Mark-to-Market vs. Mark-to-History

Mon, 06 Oct 2008 02:01:47 -0400

Somehow, when a bubble was created in the housing market with low fed rates and everything went up, up up, including Banks marketed to irrational assets of the bubble, no one seemed to be complaining that marked to market was a bad idea because it was making extra money for them... So when things go south, just change the rules to make it "fair"

I find it criminal that the SEC changes their rules on mark to market just before King Henry gets the nod to start buying bank assets with taxpayer money. Instead of moving in at fire sale prices with a chance to actually make money for the US taxpayer, they change the rules so the US taxpayer will be paying retail rates for firewood at a fire sale! Why is not someone going to jail? This will only cost the US taxpayer something like a few hundred billion dollars extra...Oh yea, I forgot, King Henry used to run one of those banks and people like Gramm and Rubin are whispering into the two candidates ears as advisors.. Sage George Bush was quoted about ten days ago as saying "This sucker could go down." Well, now it looks like it will and the bankers are going to help themselves to all the money they can on the way down..

Don't ever call this a Rescue Package, it is a bailout.

The Bailout Pork Effect: Short Term Rally, Long Term Disaster

Fri, 03 Oct 2008 21:02:02 -0400

I would guess one might make a case for deflation instead of inflation... Let me see, the interest rates drop to 0.0%, banks still do not come out of their bunkers, business earnings drop like a meteoroid and capital spending dries up and prices start to fall... Read your history from 1929 to 1932.

In case you have not looked at the charts recently, all the industrials and materials are headed straight down, China has quit importing oil..

Only time will tell the name of the game, deflation or inflation.

Friday Outlook: Commodities, Emerging Markets

Fri, 03 Oct 2008 20:29:45 -0400

I have read another reason for the strong dollar. This comes from Chuck Butler from Everbank who writes a daily blog called "The Daily Pfennig"

"One of the things we've learned this week is that the European banks are not getting to go Ollie, Ollie Oxen Free, on the holding of toxic waste debt... And since they are U.S. issued mortgage bonds, the trader that called tells me that they need to have capital reserved in U.S. dollars. Well, usually, these banks use LIBOR for this funding... But with the credit crunch going on all over, LIBOR rates have gone through the roof. So... Looking for alternative means of raising capital, the European banks have turned to the euro / dollar swap market... Selling their euro reserves and buying dollars"

The libor rate does not seem to be coming down any time soon, so Uncle Bucky could be strong for a while. Not good for all the foreign currency ETFs I hold.

Thursday Outlook: Commodities, Emerging Markets

Thu, 02 Oct 2008 10:19:16 -0400

Thanks for the link to the SEC website the other day, this stuff really opens your eyes...It all starts sounding like a badly scripted cartoon. Let me see, we got to make "le petite bourgeois" feel like democracy actually is working so Round 1 in the house goes to "the people" Then quietly slip in the rule change on Marked to Market so that King Henry can make sure to rip off the taxpayer by buying illiquid lumps of SH*& at retail prices instead of what they are worth, nothing. The bill passes and everyone pats themselves on the back, democracy works, congress can work together and come up with effective legislation in a crisis and the world is saved... Or is it?. Bush is starting to look like the sage with his pronouncement last week, "This sucker could go down"

One sidebar on the marked to market rule change. When cheap fed money fueled a huge bubble and prices were skyrocketing, the banks were not complaining about the marked to market, it overvalued their assets and they were happy. When it goes the other way, time out, rule change and now we can make the US taxpayer buy up our lumps of sh$# at overvalued prices... Why is not someone going to jail? I mean after all, its just a few billion (probably about 200!) of taxpayer money.

Does anyone know a good liquor stock to invest in, I need a drink!

Thursday Outlook: Commodities, Emerging Markets

Thu, 18 Sep 2008 14:10:56 -0400

I have been enjoying this post since March. The comments seem to fit into my way of seeing the world, very refreshing. Enough of the intro, I'll cut to the chase.. I'll ask three questions

You brought up a very interesting "incident" with CNY. It dropped from about 36 to 30 in one hour with no movement on the Yuan. Is this the result of some derivatives gone bad or one of the financial backers choking on its own black hole?

One of the money market funds is now at 97 cents. Is this more derivatives going down a hole... With so much cash in money market funds, do you think they are at risk?

TIP is slowly going down hill. I bought some in Feb at 107 and have been pleasantly surprised with the yield. In seven months of monthly dividends, the annual yield is at 7.78%. Not bad for AAA gov bonds. Maybe somewhere in the government data banks, there is a real number on inflation?

Yankee Running Dog

Low ''Bernanke-Beta'' Investing: Procter & Gamble and Raytheon

Wed, 11 Jun 2008 22:24:45 -0400

What everyone misses on PG is the fact that they have been increasing their dividend for over 50 years now and for about the last 10 years the dividend increase has been around 10-12 %. Where else can you get a 10% raise every year, year after year.

Trichet, ECB Missing the Point with Crude

Sat, 07 Jun 2008 00:49:30 -0400

Are you smoking crack?

The mission statement of a central bank is to support its currency. To suggest that the ECB must pander to the US central bank problems as some poor relation only tells me of your American arrogance. Bubbles Greenspan and his stepchild Helo Ben are beginning to reap what they have sown. You can only pour on so much money and cheap credit before there is a tipping point and inflation eats its way into the bubble. The ECB has made connected moves with the US to try and keep a sinking ship afloat, but now they decide to worry about their own ships. To cast dispersions upon them for American stupidity is really nothing more that bold faced American arrogance at its worst.

Get out of the blame game and start facing reality. Today is June 6, D-Day. Let me see, the headlines were death of SUV, GM closing 4 SUV plants and laying off 10,000, the biggest jobless jump since 1986 and oil moving toward 150. Wake up and smell the coffee, and don’t blame the ECB. A new reality is hitting the American beaches today, and don’t blame the Europeans. You might just need their help later.

Brown Brothers Harriman: Buy the Dollar, Sell Commodities

Tue, 03 Jun 2008 01:41:04 -0400

On Jun 02 08:13 PM LordDarley wrote:

> <> fundamentals for USD. I don't know of any.>>
>
> It's an easy case. Less than 400 million people have rights to a
> huge and civilized landmass where the legal system protects private
> property rights. The same continent could accomodate 1.2 billion
> people without a hard breath.
>
> Growth comes from population increase. It's as inevitable as the
> tides. The only restriction at present is that existing citizens
> are fighting a rear guard action to pull up the drawbridge. That
> Mugwump tactic never succeeds for long.
>
> Look for huge US growth in the next 20 years, fueled by people with
> names which are hard to spell.
>
> LordDarley
>
> Come on , they all cannot work at Wal Mart. I really dont see huge growth, more like a long decay of the US Empire as it bankrupts itself and all the bubbles pop. Kind of like deflating the air mattras.

Brown Brothers Harriman: Buy the Dollar, Sell Commodities

Mon, 02 Jun 2008 19:39:02 -0400

On what fundamentals will the dollar get strong? Somehow I do not see a Paul Volker around these days at the Fed. The Fed has abandoned its Mission Statement of support of the national currency and instead is bailing out Wall Street. Sometime, it will have to turn around and support the dollar, but with credit crisis in the fourth inning, I don't think it will be soon

Wednesday Outlook: Caught in a Holding Pattern

Thu, 17 Apr 2008 19:32:48 -0400

Dave,

I enjoy it to