Elaine Supkis

Madoff: One Bad Apple Should Not Deter Investors

It turns out that the Madoff SEC investigator in the past was sleeping with his niece! HAHAHA.

Sex and money: these are all whores. And yes, all hedge funds should be as illegal as trust funds were after the Great Depression wrecked 99% of those illicit money stealing machines.

The Economic Policies of Failure

Sorgmart, how on earth did the people of the Roman empire win when it went bankrupt? It was overrun with BARBARIANS who happened to enjoy the sport of killing people. And vandalizing things. Vandals...they also invaded Rome.

The Economic Policies of Failure

The world is sliding into a recession because the world's biggest CONSUMER economy, the US, has such a huge, huge trade deficit, we can't have a huger and huger trade deficit. END OF STORY.

Since 1971, the US Presidents fretted greatly about trade deficits. Bretton Woods II and the Plaza Accords and Louver Agreements were all pitched towards fixing the US trade deficit...by manipulating the value of the dollar lower than our two major trade rivals who happened to be Germany and Japan.

Don't even think about why the two nations we defeated in WWII were the two nations to run up the biggest trade surpluses with the US! HAHAHA.

To think about this is to go insane!

Anyway, after we lost the trade wars with our former enemies, we went off and went even deeper in trade debt with OPEC and Communist China!

Now, tell me if the US deserves to die a terrible death at the hands of dire trade rivals? Of course! We slit our own wrists. The G20 had a meeting in November. Guess what they decided?

To make this trade imbalance worse! And the US agreed!!! Amazing!

Arrest our leaders who agreed to this. Impeach Bush. Put anyone who allows this free trade mess to continue, put them in prison! Hire new negotiators who understand the need to balance our trade! Good grief! Time is running out!

Indian Markets: It Can Get More Frightening

India is sliding down the exact same slope all the other major economies are going down only it has one nasty added problem: terrorism and the possibility of war with a nuclear neighbor. Not exactly a bright picture, I may add.

All the public talk about how this isn't going to fry Mumbai's stock market is whistling past a rather large graveyard.

Isn't Deflation a Good Thing?

During the 1970's, inflation came in waves. In between these waves, all of which were led by oil, we had 'deflation' which is why those years were called the 'stagflation' years.

It is the same today. As soon as OPEC tightens oil, the tensions caused by low oil prices in the Gulf will lead to insurrections and wars and the price of oil will shoot up again, triggering more inflation.

The US is far, far, deeper in debt this cycle. We were barely in debt during the seventies and we were hammered by high oil prices/high inflation waves that led to interest rates rising to over 12%.

Is the End of the Crisis Near?

You are 100% correct, Jlonsbury 59. History matters a lot! Ignoring it is dangerous. Calling bottoms is hard when in free fall.

Is the End of the Crisis Near?

Culture of Life News here!

This story is typical of today's 'We are in a small mess' belief system. What is going down isn't mere banks or mere hedges. What is collapsing in a sea of red ink is the world's biggest empire: the USA.

Both politicians running for President last night endorsed more deficit spending and tax cuts. The black hole here is wild US overspending in both government as well as import markets. The real problem is the trillions in debt the US has accumulated this last 8 years: a total of $8 trillion in red ink.

This is rising, not falling. Unlike in the Great Depression when the US was the global creditor, the US today is the global debtor. We suck in more debt at every level compared to the rest of the planet. We are facing national bankruptcy.

This is a historic moment: just like when previous empires went bankrupt, we will see wars and insurrections, maybe even a revolution here in the US. More likely, fascism like when the German empire went bankrupt after WWI. The British empire limped along on the back of the US empire after WWI.


Any commentator who ignores this important information is deluding himself. Mr. Anonymous here at Seeking Alpha is a classic example of someone who can't see the forest because his head is in the ground.

Yesterday's Market: Advantage, Bulls

Guillotines are useful. Put them on wheels.

Yesterday's Market: Advantage, Bulls

Dear youth, this is coming from a rather old lady, old enough to be your mother: please read 'The Bubble That Broke The World' by Garrett Garrett. It was written during the Great Depression. Mises.org has it in full or if you Google the names, it will come up, the entire pdf file.

It clearly explains how these markets operate. You are in the middle of the process whereby BOTH bulls and bears are ground down to nothing while a downer market jerks to its ultimate bottom. The bottom can easily be a 90% loss like in the Great Crash of 1929. Stocks had their greatest record up days during this grinding process. They would shoot upwards and then slowly lose all the gains in less than a month and the general trend was, over time, downwards.

This is why youth must learn the hard way how these things work. During the 1970's collapse and stagnation of stocks, I loved to listen to brokers who were survivors of the Great Crash, they were all in their sixties back then.

One said, 'You don't try to get rich, you try to stay alive.' I decided to make money in other creative ways during that time and I stayed alive. I would strongly suggest you learn a life skill and use it for the next 5 years. Then, with some maturity and an idea of how the REAL world works, you can go back into finance.

I suggest the heads of all the top investment banks be put in prison to learn about reality. Heh.

Culture of Life News....cartoons and charts, full of information.

ECRI Future Inflation Indexes Indicate That Worldwide Inflation Is Receding

When equities and assets lose value, we get 'deflation.' Attempts at increasing this via printing money and deliberately running interest rates below the real inflation rate will only cause repeated waves of inflation/decompressio... that savages all levels of all markets.

What needs fixing is the tremendous imbalance in global trade. The US cannot afford to take on more international trade debts. We have run up trillions in international trade red ink and this is utterly unsustainable. This is at the heart of the banking collapse.

ECRI Future Inflation Indexes Indicate That Worldwide Inflation Is Receding

Culture of Life New here!

All this 'deflation' is due to the US and Europe ceasing all talk about bomb, bomb, bombing Iran. So the 'war premium' on Middle Eastern oil is dropping. But Saudi Arabia and the others are not happy with oil dropping back to $21 a barrel.

They have the ability to change that quickly. If not, the Muslim revolutionaries will overthrow the kings and sheikhs. This is what bin Laden wants, by the way.

The global economic slowdown is due to excessive credit which caused a series of classic bubbles identical to ones that were created this same way 100 years ago or more. The hopes of everyone in the world is, the US will go very, very deep into debt to restart world trade which is mostly one-way: to the US consumers.

We, on the other hand, cannot allow this. We took on epic levels of unnecessary debts from 1971 till today. We have run this dual government/trade deficits most of my life and the result is a loss of $10 trillion in trade and a $10 trillion government debt.

This is now being grossly expanded by the minute. Every few days, half a trillion is added to this debt pile! This is because the Federal Reserve really has no more real reserves and the Federal Government is now being run by foreign powers who now own the majority of our national debts.

They want to keep this going, not save our nation. Of course, they are our 'allies' as well as trade rivals like China. But then, Japan and England together hold by far, the most US government debt.

Fixing this means revolutionary changes in how the present world operates. And this means a degree of chaos.