Yankee Running Dog

Wednesday Outlook: Commodities, Global Markets

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.

Wednesday Outlook: Commodities, Global Markets

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

"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.

Friday Outlook: Commodities, Global Markets

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

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!)

Tuesday Outlook: Commodities, Emerging Markets

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

Owen,

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

Friday Outlook: Commodities, Emerging Markets

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

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

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