mcafeejs's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/183235/comments http://seekingalpha.com/news/market_currents/post/25269?source=feed#comment-528016 528016 market-ticker.denninge...
debunks the spin]]> Tue, 02 Jun 2009 10:43:10 -0400 market-ticker.denninge...
debunks the spin]]> http://seekingalpha.com/news/market_currents/post/24733?source=feed#comment-513421 513421 www.chrismartenson.com...

Please read my views on diversification and take the crash course as well]]> Thu, 21 May 2009 16:04:38 -0400 www.chrismartenson.com...

Please read my views on diversification and take the crash course as well]]> http://seekingalpha.com/news/market_currents/post/24620?source=feed#comment-511863 511863 Wed, 20 May 2009 15:34:03 -0400 http://seekingalpha.com/news/market_currents/post/24526?source=feed#comment-510212 510212 zerohedge.blogspot.com...]]> Tue, 19 May 2009 15:43:33 -0400 zerohedge.blogspot.com...]]> http://seekingalpha.com/news/market_currents/post/23579?source=feed#comment-491747 491747 Wed, 06 May 2009 09:41:18 -0400 http://seekingalpha.com/news/market_currents/post/22783?source=feed#comment-480589 480589 globaleconomicanalysis...

//////////////////////...
Deal Recap

If the deal goes through as currently proposed....

* The Treasury (taxpayers) would be stuck with 50% of GM's equity (currently worth $625 million) in exchange for forgiving about $10 billion in federal loans.
* The UAW would get 39% of GM's equity (currently worth $488 million) in exchange for giving up $10 billion in health care benefits
* Corporate bondholders would get 10% equity (currently worth $125 million) in exchange for giving up $27 billion in bonds.



Under the above agreement there is still a missing $10 billion piece of the puzzle: "The government wants the union to accept company stock to finance half of G.M.’s $20 billion obligation for retiree health care as noted above."

What happens to the other $10 billion? Does it vanish into thin air? My guess is this would be dumped on taxpayers via the Pension Benefit Guarantee Corporation (PBGC)

Everybody loses but the credit default swap holders. Now who might that be? JPMorgan, Goldman Sachs, and/or Citigroup by any chance?
//////////////////////...]]> Tue, 28 Apr 2009 09:28:56 -0400 globaleconomicanalysis...

//////////////////////...
Deal Recap

If the deal goes through as currently proposed....

* The Treasury (taxpayers) would be stuck with 50% of GM's equity (currently worth $625 million) in exchange for forgiving about $10 billion in federal loans.
* The UAW would get 39% of GM's equity (currently worth $488 million) in exchange for giving up $10 billion in health care benefits
* Corporate bondholders would get 10% equity (currently worth $125 million) in exchange for giving up $27 billion in bonds.



Under the above agreement there is still a missing $10 billion piece of the puzzle: "The government wants the union to accept company stock to finance half of G.M.’s $20 billion obligation for retiree health care as noted above."

What happens to the other $10 billion? Does it vanish into thin air? My guess is this would be dumped on taxpayers via the Pension Benefit Guarantee Corporation (PBGC)

Everybody loses but the credit default swap holders. Now who might that be? JPMorgan, Goldman Sachs, and/or Citigroup by any chance?
//////////////////////...]]> http://seekingalpha.com/article/109210-the-manipulation-of-gold-prices?source=feed#comment-321289 321289
Allow me to contribute another interesting fact to reinforce your conclusions in the linked article describing the end of the gold carry trade whereby gold is sold short and the proceeds are invested into treasuries. With treasuries now yielding nothing, the fraudulent practice of short selling will end and gold will finally appreciate in a "free market"
seekingalpha.com/artic...
]]> Thu, 04 Dec 2008 23:28:50 -0500
Allow me to contribute another interesting fact to reinforce your conclusions in the linked article describing the end of the gold carry trade whereby gold is sold short and the proceeds are invested into treasuries. With treasuries now yielding nothing, the fraudulent practice of short selling will end and gold will finally appreciate in a "free market"
seekingalpha.com/artic...
]]> http://seekingalpha.com/article/104196-obama-s-first-moves?source=feed#comment-299245 299245 Thu, 06 Nov 2008 09:02:11 -0500 http://seekingalpha.com/article/98424-u-s-loses-159-000-jobs-in-september-what-does-this-mean-for-the-economy?source=feed#comment-272937 272937 Fri, 03 Oct 2008 15:10:15 -0400 http://seekingalpha.com/article/96491-oppose-the-treasury-s-bailout-plan?source=feed#comment-261059 261059
Now that we U.S. citizens are part owners of such illusory enterprises as AIG and Fannie/Freddie, I would like you to initiate a lawsuit on behalf of your FL shareholders/constitue... to obtain compensation for breach of contract by CEOs and CFOs who drew bonuses based on earnings that had to be restated.

The link below provides more detail.

www.bloomberg.com/apps...
]]> Mon, 22 Sep 2008 00:26:29 -0400
Now that we U.S. citizens are part owners of such illusory enterprises as AIG and Fannie/Freddie, I would like you to initiate a lawsuit on behalf of your FL shareholders/constitue... to obtain compensation for breach of contract by CEOs and CFOs who drew bonuses based on earnings that had to be restated.

The link below provides more detail.

www.bloomberg.com/apps...
]]> http://seekingalpha.com/article/96491-oppose-the-treasury-s-bailout-plan?source=feed#comment-261049 261049 forms.house.gov/wyr/we... or www.senate.gov/general...

The Honorable Dave Weldon,

Please oppose further intervention by the unelected Fed & Treasury during this financial crisis. Please oppose efforts that fix the symptoms of this crisis and not the causes. Please exhibit leadership to shift the debate to fix the causes of the crisis rather than addressing the symptoms making your decision around what happens decades from now rather than next week.

I believe the symptoms to be exorbitant social security & medicare/medicaid liabilities, any budget deficit, failure to invest public funds in ventures which have even a hope of yielding a public & appreciable, & and a palatable lack of moral courage to accept facts. The facts of the situation are the rich made loans to unqualified poor and the Treasury's current plan will have the moral middle class pay for those decisions. The US gov't must acknowledge the wealth destruction that has already occurred and let those directly responsible live with the consequences of their decisions to include the foreign investors, otherwise we will follow Rome and Britain in the destruction of their middle class & subsequent collapse in financial ruin. Acknowledging this wealth destruction will indeed cause credit market to seize up as is necessary. Debt needs to become harder to obtain in the US because that is the most effective way to transform this nation into once again being a producing rather than consuming nation which is a root cause of this crisis.

As an Iraq War veteran, I find it sad that while the Iraq war has cost us under $700B over the past 6 years, the FED/TREASURY has already spent $900B in the past 3 months. On that scale, this is civil war and I thought only congress could declare war.

The unintended consequences of further government intervention are private individuals withdrawing wholesale from the now seemingly state-run markets, wholesale buying foreign currency and international stocks along with gold/silver, & ultimately moving to another country as citizens will choose to not subject their children to this national debt.]]> Mon, 22 Sep 2008 00:07:54 -0400 forms.house.gov/wyr/we... or www.senate.gov/general...

The Honorable Dave Weldon,

Please oppose further intervention by the unelected Fed & Treasury during this financial crisis. Please oppose efforts that fix the symptoms of this crisis and not the causes. Please exhibit leadership to shift the debate to fix the causes of the crisis rather than addressing the symptoms making your decision around what happens decades from now rather than next week.

I believe the symptoms to be exorbitant social security & medicare/medicaid liabilities, any budget deficit, failure to invest public funds in ventures which have even a hope of yielding a public & appreciable, & and a palatable lack of moral courage to accept facts. The facts of the situation are the rich made loans to unqualified poor and the Treasury's current plan will have the moral middle class pay for those decisions. The US gov't must acknowledge the wealth destruction that has already occurred and let those directly responsible live with the consequences of their decisions to include the foreign investors, otherwise we will follow Rome and Britain in the destruction of their middle class & subsequent collapse in financial ruin. Acknowledging this wealth destruction will indeed cause credit market to seize up as is necessary. Debt needs to become harder to obtain in the US because that is the most effective way to transform this nation into once again being a producing rather than consuming nation which is a root cause of this crisis.

As an Iraq War veteran, I find it sad that while the Iraq war has cost us under $700B over the past 6 years, the FED/TREASURY has already spent $900B in the past 3 months. On that scale, this is civil war and I thought only congress could declare war.

The unintended consequences of further government intervention are private individuals withdrawing wholesale from the now seemingly state-run markets, wholesale buying foreign currency and international stocks along with gold/silver, & ultimately moving to another country as citizens will choose to not subject their children to this national debt.]]> http://seekingalpha.com/article/95360-google-trust-and-the-marketplace?source=feed#comment-254369 254369 Sun, 14 Sep 2008 18:54:13 -0400 http://seekingalpha.com/article/78633-battle-of-the-building-material-makers-owens-corning-vs-usg-corp?source=feed#comment-176402 176402 Thu, 29 May 2008 21:05:51 -0400 http://seekingalpha.com/article/73552-the-impending-mortgage-crisis?source=feed#comment-156312 156312
This is why I am long commodities and wealth creating enterprises. The only politically expedient way out of this housing crisis is the "stealth" inflation tax. Trading treasuries for bad mortgage debt, keeping interest rates low, and Americans especially gov't piling on debt breed this market discontent. The euphoria from the Fed's recent actions will soon give way to the fundamental reality that your $5 bill should say "legal tender for all debts or one gallon of gas". If it weren't for efficient markets where I could liquidate my RJI in a matter of minutes, there would be NO effective store & transfer of value. My new currency is a share of DBA, RJA, or GOOG.]]> Fri, 25 Apr 2008 03:39:31 -0400
This is why I am long commodities and wealth creating enterprises. The only politically expedient way out of this housing crisis is the "stealth" inflation tax. Trading treasuries for bad mortgage debt, keeping interest rates low, and Americans especially gov't piling on debt breed this market discontent. The euphoria from the Fed's recent actions will soon give way to the fundamental reality that your $5 bill should say "legal tender for all debts or one gallon of gas". If it weren't for efficient markets where I could liquidate my RJI in a matter of minutes, there would be NO effective store & transfer of value. My new currency is a share of DBA, RJA, or GOOG.]]>