Seeking Alpha

Jim Myrtle

Jim Myrtle
Send Message
View as an RSS Feed
View Jim Myrtle's Comments BY TICKER:
Latest  |  Highest rated
  • JP Morgan and the Massive Silver Short: The Greatest Story Ever Told [View article]
    You can't borrow from the Fed at 0%.
    Current discount window borrowings were $2 million as of 4/18/2012.
    Try again?
    Apr 22, 2012. 11:37 AM | 1 Like Like |Link to Comment
  • QE, Inflation, And The Case For Precious Metals [View article]
    "So if you trust a group of private for profit cartel of foreign bankers to control our monetary system"

    You mean the Fed?

    "you must either work for them or a agent or kin to the family of bankers!"

    Does everyone who understands more than you automatically work for a bank?
    Mar 14, 2012. 10:59 PM | 1 Like Like |Link to Comment
  • QE, Inflation, And The Case For Precious Metals [View article]
    "I think you got it wrong. the banks borrow cheap from the fed and lend to the government and make a spread"

    They borrow from the Fed at 0.75%?
    And use it to buy bonds?
    Which bonds?
    Mar 14, 2012. 10:56 PM | 1 Like Like |Link to Comment
  • Debt: It's Like We're Not Even Trying [View article]
    You were participating? LOL!
    Mar 10, 2012. 06:37 PM | Likes Like |Link to Comment
  • Central Banks Bet The Ranch [View article]
    "They all have a central banking systems controlled directly by the GOVERNMENT and not a private for profit banking cartel like the FED!"

    What does the "private for profit banking cartel" Fed do with their profit?
    Mar 5, 2012. 11:00 AM | Likes Like |Link to Comment
  • The Eurozone Crisis Is Slowly Fading Away [View article]
    "The European Central Bank (ECB) would only have to see its assets fall by around 4% for its capital base to be wiped out"

    Why does a Central Bank even need a capital base?
    Jan 26, 2012. 11:06 PM | Likes Like |Link to Comment
  • Gold: Asset or Bubble? [View article]
    "No mention about HSBC's own sub-investment grade derivatives (along with the over $4 trillion the other top banks own) coming due in the next 5 years with no counterparty to them except the lender of last resort; the Fed"

    What sub-investment grade derivatives are you talking about?

    A derivative with no counterparty? Could you explain further?

    The Fed is the counterparty? How do you figure that?
    Aug 3, 2011. 04:34 PM | 1 Like Like |Link to Comment
  • The Tea Party faction of the House has caved, writes Conor Sen, making passage of the Boehner bill likely. Meanwhile, the Senate will pass the Reid plan, differences between the 2 will be ironed out and a bill signed by the President. Six months from now, this drama will be faint memory.  [View news story]
    9.2%, suck it Obama!
    Jul 28, 2011. 07:39 PM | Likes Like |Link to Comment
  • The Tea Party faction of the House has caved, writes Conor Sen, making passage of the Boehner bill likely. Meanwhile, the Senate will pass the Reid plan, differences between the 2 will be ironed out and a bill signed by the President. Six months from now, this drama will be faint memory.  [View news story]
    Trillions?
    You're not confusing short term loans (repaid) with spending money we'll never get back (Fannie and Freddie), are you?
    Jul 28, 2011. 07:38 PM | Likes Like |Link to Comment
  • Is Consumer Spending the Problem? [View article]
    When you figure out what a synthetic CDO is, let me know.
    Then we can talk about how longs and shorts work.
    Jul 24, 2011. 12:12 AM | Likes Like |Link to Comment
  • Is Consumer Spending the Problem? [View article]
    Now buying Treasuries is like loaning to the Fed? LOL!
    Jul 24, 2011. 12:07 AM | Likes Like |Link to Comment
  • Is Consumer Spending the Problem? [View article]
    "Next, your "oh the banks are loaning back to the Fed" is laughable, considering some of that money was loaned to them by the Fed in the first place, and they are able to make money off the deal!"

    Banks can make money by borrowing from the Fed at 0.75% and putting that money into excess reserves earning 0.25%?

    LOL!
    I blame the public school you dropped out of.
    Jul 23, 2011. 02:13 PM | 1 Like Like |Link to Comment
  • Is Consumer Spending the Problem? [View article]
    We're talking about present day discount borrowings.
    Get a clue.
    I'll wait.
    Jul 23, 2011. 02:10 PM | Likes Like |Link to Comment
  • Is Consumer Spending the Problem? [View article]
    They sold one side of a synthetic CDO to customers and shorted the other side?

    So they sold it twice?
    Or are you just ignorant of how these things work?
    Jul 23, 2011. 02:07 PM | 1 Like Like |Link to Comment
  • Is Consumer Spending the Problem? [View article]
    "And they are only able to do so because the author's organization and the US Treasury BAILED THEM OUT. Main Street bailed out the banks"

    The banks repaid TARP, at a profit to the Treasury.
    When is Main Street going to repay the banks on all their defaulted mortgages?
    Jul 22, 2011. 04:14 PM | 3 Likes Like |Link to Comment
COMMENTS STATS
1,156 Comments
802 Likes