Jake Towne's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/274602/comments http://seekingalpha.com/instablog/274602-jake-towne/31944-lecture-why-the-stimulus-plan-will-fail-and-a-better-alternative?source=feed#comment-718751 718751 towneforcongress.com/e...]]> Sat, 17 Oct 2009 15:54:31 -0400 towneforcongress.com/e...]]> http://seekingalpha.com/article/163427-baltic-dry-index-s-fall-misleads-investors?source=feed#comment-692148 692148
For instance, in bottled water will be a lot of TEUs but nowhere near the same value as TVs of sofas. Any slack in high value shipping demand I would expect to be taken up with lower value goods for awhile.]]> Sat, 26 Sep 2009 13:43:22 -0400
For instance, in bottled water will be a lot of TEUs but nowhere near the same value as TVs of sofas. Any slack in high value shipping demand I would expect to be taken up with lower value goods for awhile.]]> http://seekingalpha.com/article/156417-will-the-market-crash?source=feed#comment-632922 632922 On frac reserves, check out "Yes, Virginia, there are No Reserve Requirements" here

towneforcongress.com/e...]]> Mon, 17 Aug 2009 10:03:12 -0400 On frac reserves, check out "Yes, Virginia, there are No Reserve Requirements" here

towneforcongress.com/e...]]> http://seekingalpha.com/article/155669-yes-virginia-there-are-no-reserve-requirements-part-2-2?source=feed#comment-629714 629714
I am not arguing for the req's on CD's, I am just simply pointing out that they do not exist right now but that they did earlier in time.

As you stated, most CD's typically can be withdrawn with a penalty, so "locked in" is not a good phrase in my humble opinion.


On Aug 12 10:08 AM Johnc222 wrote:

> why is the writer of this article arguing, for reserves on CD's..?
> When CD are lock in by time restrictions and can not be withdrawn
> on a whim.
>
> They can but penalty usually prevents that. CD are an asset to banks
> capital and not liabilities.]]> Fri, 14 Aug 2009 10:07:02 -0400
I am not arguing for the req's on CD's, I am just simply pointing out that they do not exist right now but that they did earlier in time.

As you stated, most CD's typically can be withdrawn with a penalty, so "locked in" is not a good phrase in my humble opinion.


On Aug 12 10:08 AM Johnc222 wrote:

> why is the writer of this article arguing, for reserves on CD's..?
> When CD are lock in by time restrictions and can not be withdrawn
> on a whim.
>
> They can but penalty usually prevents that. CD are an asset to banks
> capital and not liabilities.]]> http://seekingalpha.com/article/155491-today-s-fed-omo-open-market-operations-update?source=feed#comment-626423 626423
towneforcongress.com/e...]]> Wed, 12 Aug 2009 09:31:30 -0400
towneforcongress.com/e...]]> http://seekingalpha.com/instablog/274602-jake-towne/22316-yes-virginia-there-are-no-reserve-requirements-part-2-2?source=feed#comment-626416 626416 towneforcongress.com/e...]]> Wed, 12 Aug 2009 09:29:23 -0400 towneforcongress.com/e...]]> http://seekingalpha.com/article/154990-how-government-can-export-manufacturing-jobs?source=feed#comment-623178 623178
9. Destabilize the currency so that economic calculation is confused. Generate a negative rate of interest (bank savings rate minus real inflation rate) to destroy capital formation
towneforcongress.com/e...]]> Mon, 10 Aug 2009 10:50:08 -0400
9. Destabilize the currency so that economic calculation is confused. Generate a negative rate of interest (bank savings rate minus real inflation rate) to destroy capital formation
towneforcongress.com/e...]]> http://seekingalpha.com/article/154637-fractional-reserve-banking-in-pictures?source=feed#comment-620766 620766 You wrote "Umm this is hopelessly behind the times" - yes about 15 years unfortunately. Your overall conclusion is correct, but not exactly the way you reached it. Stay tuned for Part 2.


On Aug 07 09:31 AM Moon Kil Woong wrote:

> Umm this is hopelessly behind the times. Today banks need not adhere
> to reserve requirement. They have created money market accounts to
> skirt the rules, thereby not needing to put reserves down because
> they are not supposed backed by the government since they aren't
> suppose to be FDIC insured even though we can see with the bailouts
> they are backed by the government after all. Thus banks blissfully
> overleveraged themselves.
>
> Then there is the loans which they dump to Fannie Mae and Freddie
> Mac so they can liberate their money and do it all over again as
> the Macs and Maes eat all the loss and charge it on the taxpayer.
> However, since the Macs and Maes play a vital role in loans now (no
> duh, who can compete with an operation run to intentionally loose
> money), it is business as usual.
>
> In fact it has gotten so bad the Fed now has to buy out their loans
> in order to let them keep gorging themselves on mortgage losses (no
> one knows how much the fed loses because they clain being a private
> entity means they don't need to be audited).
>
> Then there is Goldman Sacs that can create a velocity of money in
> the billions off of millions by playing patty cake with another brokerage
> (ummm I mean bank now) and trade thousands of times with each other
> every second (and hopefully execute your trade before it even hits
> the ticker tape). That way they can dominate the exchanges without
> even having enough assets on their books to meet the FDIC's VaR requirement
> with extra cash to pay $11 billion in bonuses.
>
> Top it off with funky derivatives that are now about 10x the entire
> net worth of the US government and you get a better picture of why
> this depiction of how the money multiplier is no longer pertinent
> and why our economic foundations are being destablized.
>
> You can also look at how the Fed, the auctioneer of US Treasury notes
> now has the ability to buy what he's auctioning off of loans from
> the government that needs money to loan top the Fed. If that doesn't
> tickle you pink I don't know what will.]]> Fri, 07 Aug 2009 23:14:07 -0400 You wrote "Umm this is hopelessly behind the times" - yes about 15 years unfortunately. Your overall conclusion is correct, but not exactly the way you reached it. Stay tuned for Part 2.


On Aug 07 09:31 AM Moon Kil Woong wrote:

> Umm this is hopelessly behind the times. Today banks need not adhere
> to reserve requirement. They have created money market accounts to
> skirt the rules, thereby not needing to put reserves down because
> they are not supposed backed by the government since they aren't
> suppose to be FDIC insured even though we can see with the bailouts
> they are backed by the government after all. Thus banks blissfully
> overleveraged themselves.
>
> Then there is the loans which they dump to Fannie Mae and Freddie
> Mac so they can liberate their money and do it all over again as
> the Macs and Maes eat all the loss and charge it on the taxpayer.
> However, since the Macs and Maes play a vital role in loans now (no
> duh, who can compete with an operation run to intentionally loose
> money), it is business as usual.
>
> In fact it has gotten so bad the Fed now has to buy out their loans
> in order to let them keep gorging themselves on mortgage losses (no
> one knows how much the fed loses because they clain being a private
> entity means they don't need to be audited).
>
> Then there is Goldman Sacs that can create a velocity of money in
> the billions off of millions by playing patty cake with another brokerage
> (ummm I mean bank now) and trade thousands of times with each other
> every second (and hopefully execute your trade before it even hits
> the ticker tape). That way they can dominate the exchanges without
> even having enough assets on their books to meet the FDIC's VaR requirement
> with extra cash to pay $11 billion in bonuses.
>
> Top it off with funky derivatives that are now about 10x the entire
> net worth of the US government and you get a better picture of why
> this depiction of how the money multiplier is no longer pertinent
> and why our economic foundations are being destablized.
>
> You can also look at how the Fed, the auctioneer of US Treasury notes
> now has the ability to buy what he's auctioning off of loans from
> the government that needs money to loan top the Fed. If that doesn't
> tickle you pink I don't know what will.]]> http://seekingalpha.com/article/154637-fractional-reserve-banking-in-pictures?source=feed#comment-619540 619540 Glad you picked up on it. :)
If you check the rest of my articles, I bet you can guess what else I am long.

--
Jake Towne
2010 Candidate for US Congress, PA-15
TowneForCongress.com

"If there must be trouble, let it be in my day, that my child may have peace.” – Thomas Paine, “The American Crisis,” 1776


On Aug 07 09:12 AM D. McHattie wrote:

> You're being sarcastic in your long dollar comment, right? As in,
> you live in the US and pay for everything with USD so you have no
> choice but to be long the dollar.
>
> But otherwise you would invest in anything but the dollar, right?]]> Fri, 07 Aug 2009 09:32:04 -0400 Glad you picked up on it. :)
If you check the rest of my articles, I bet you can guess what else I am long.

--
Jake Towne
2010 Candidate for US Congress, PA-15
TowneForCongress.com

"If there must be trouble, let it be in my day, that my child may have peace.” – Thomas Paine, “The American Crisis,” 1776


On Aug 07 09:12 AM D. McHattie wrote:

> You're being sarcastic in your long dollar comment, right? As in,
> you live in the US and pay for everything with USD so you have no
> choice but to be long the dollar.
>
> But otherwise you would invest in anything but the dollar, right?]]> http://seekingalpha.com/article/154637-fractional-reserve-banking-in-pictures?source=feed#comment-619337 619337
On Aug 07 07:59 AM yellowhoard wrote:

> I hope you win your race but I wouldn't be long the dollar.]]> Fri, 07 Aug 2009 08:10:56 -0400
On Aug 07 07:59 AM yellowhoard wrote:

> I hope you win your race but I wouldn't be long the dollar.]]> http://seekingalpha.com/article/151040-delphi-bailout-treasury-s-actions-should-be-congress-s-responsibility?source=feed#comment-600782 600782
Link to cartoon version of Road to Serfdom
mises.org/books/TRTS/]]> Fri, 24 Jul 2009 09:51:15 -0400
Link to cartoon version of Road to Serfdom
mises.org/books/TRTS/]]> http://seekingalpha.com/article/148612-unlocking-the-money-matrix-gold-price-suppression?source=feed#comment-597389 597389 It sounds like you are talking about Government Sachs. :)
towneforcongress.com/e...

In reply to your question, I believe sovereign wealth funds like Singapore's or China's could do this - not sure why not! but they may have an issue with transparency - shorting isn't so advantageous if everyone knows who is doing the shorting. I wrote an intro to futures markets and derivatives you may be interested in here
www.nolanchart.com/art...


On Jul 21 08:26 PM dr_ydm wrote:

> Jake,
>
> If those in power can do what you have suggested to Gold to manipulate
> its price, then couldn't the individuals currently in charge of the
> US Gold Reserves "sell" knowledge to perhaps "lobbyists" of specific
> moves that will be made with Gold Supplies at any given time. Since
> this commodity market is make to be volatile....then it looks like
> it is made to create big losers........yet the "chosen ones" would
> be set to be fantastic winners!!
>
> I am new to the investment world and don't understand much, but am
> learning steadily. From what I have observed though.....if you do
> short selling, and you do it right.......you could make alot of money
> for yourself (or nation).
>
> BTW....Are nations openly allowed to do short sales?
>
> How difficult could rounding up the necessary information to make
> the right Economic moves in the American Economy be...when all politicians
> have to do is (mis)use the Patriot Act to spy on Prime Movers?........its
> possible you know, in the name of "National Security"]]> Tue, 21 Jul 2009 21:06:49 -0400 It sounds like you are talking about Government Sachs. :)
towneforcongress.com/e...

In reply to your question, I believe sovereign wealth funds like Singapore's or China's could do this - not sure why not! but they may have an issue with transparency - shorting isn't so advantageous if everyone knows who is doing the shorting. I wrote an intro to futures markets and derivatives you may be interested in here
www.nolanchart.com/art...


On Jul 21 08:26 PM dr_ydm wrote:

> Jake,
>
> If those in power can do what you have suggested to Gold to manipulate
> its price, then couldn't the individuals currently in charge of the
> US Gold Reserves "sell" knowledge to perhaps "lobbyists" of specific
> moves that will be made with Gold Supplies at any given time. Since
> this commodity market is make to be volatile....then it looks like
> it is made to create big losers........yet the "chosen ones" would
> be set to be fantastic winners!!
>
> I am new to the investment world and don't understand much, but am
> learning steadily. From what I have observed though.....if you do
> short selling, and you do it right.......you could make alot of money
> for yourself (or nation).
>
> BTW....Are nations openly allowed to do short sales?
>
> How difficult could rounding up the necessary information to make
> the right Economic moves in the American Economy be...when all politicians
> have to do is (mis)use the Patriot Act to spy on Prime Movers?........its
> possible you know, in the name of "National Security"]]> http://seekingalpha.com/article/150106-on-social-security-s-700-000-resort-meeting-and-our-future?source=feed#comment-596857 596857 Let's do #2 and #3 first!! :)
There might not be much left to tax when all is said and done.


On Jul 21 11:50 AM E.D. Hart wrote:

> My very simple ideas are:
>
> 1) Raise taxes
> 2) Cut spending
> 3) Vote and hold them accountable]]> Tue, 21 Jul 2009 14:29:04 -0400 Let's do #2 and #3 first!! :)
There might not be much left to tax when all is said and done.


On Jul 21 11:50 AM E.D. Hart wrote:

> My very simple ideas are:
>
> 1) Raise taxes
> 2) Cut spending
> 3) Vote and hold them accountable]]> http://seekingalpha.com/article/148612-unlocking-the-money-matrix-gold-price-suppression?source=feed#comment-589931 589931 Volatility is a good point, plus it makes the gold price appear unstable when the truth is an ounce of gold, due to the stocks-to-flow ratio should be the stablest commodity on the planet - if you've run barrel of oil studies in dollars and goldgrams like Turk has, it is still apparent.

I didn't stress this point, but I did mention "waterfalls" and also the fact that its just as easy to profit from moving the price up or down - as long as you know the direction

However, the overall direction of the manipulation is suppression.


On Jul 15 09:03 AM Bron Suchecki wrote:

> Dean M has a point. The techinque propossed in this article for the
> suppression of the gold price is quite simplistic in my view. As
> I say in this article seekingalpha.com/artic...
> :
>
> "To kill gold you don't manipulate its price, you manipulate its
> volatility ... advantage of manipulating volatility rather than price
> is that your firepower lasts longer. All you need to do is start
> a trend, or help a trend along. Herd behaviour and chartist momentum
> will do the rest. Bullish or bearish, it doesn't matter. As long
> as the price moves wildly, your ends are served."]]> Wed, 15 Jul 2009 22:13:48 -0400 Volatility is a good point, plus it makes the gold price appear unstable when the truth is an ounce of gold, due to the stocks-to-flow ratio should be the stablest commodity on the planet - if you've run barrel of oil studies in dollars and goldgrams like Turk has, it is still apparent.

I didn't stress this point, but I did mention "waterfalls" and also the fact that its just as easy to profit from moving the price up or down - as long as you know the direction

However, the overall direction of the manipulation is suppression.


On Jul 15 09:03 AM Bron Suchecki wrote:

> Dean M has a point. The techinque propossed in this article for the
> suppression of the gold price is quite simplistic in my view. As
> I say in this article seekingalpha.com/artic...
> :
>
> "To kill gold you don't manipulate its price, you manipulate its
> volatility ... advantage of manipulating volatility rather than price
> is that your firepower lasts longer. All you need to do is start
> a trend, or help a trend along. Herd behaviour and chartist momentum
> will do the rest. Bullish or bearish, it doesn't matter. As long
> as the price moves wildly, your ends are served."]]> http://seekingalpha.com/article/148612-unlocking-the-money-matrix-gold-price-suppression?source=feed#comment-588752 588752 I didn't say that the sellers would fetch the lowest price - merely that they would sell on the market to increase supply artificially. The whole point of the cartel is to suppress the price of gold to make their own fiat currencies look better than they really are.

If you read the Barrick Gold case document, you realize that yes, they do NOT intend to pay back the leased gold. Even with the recent gold collections all over the US, there simply isn't enough supply available.

I do not favor a return to a classical gold standard since this is just our friend, fractional reserve banking, in different clothes - although it would be better than fiat. Try reading this article on the gold standard if you like, I think you will better understand where I am coming from:

Bernanke's Great Lie: The Great Depression and the "Gold Standard"
www.nolanchart.com/art...

On Jul 15 12:25 AM Dean M wrote:

> Your description of the scheme makes no sense. GS leases the gold
> sells it under conditions orchestrated to fetch them the lowest possible
> price and then what? You don't mention how they return the gold.
> If it's leased, then aren't they supposed to give it back. If they
> are going to just keep making lease payments indefinitely, why would
> they do that. And why would they dump it, if they're so smart about
> manipulating markets, wouldn't they want to fetch the highest price?
> Maybe I'm missing something but it seems like anyone can publish
> an article on SA with the words "gold", "Goldman Sachs" and "conspiracy"
> and no one will question anything. Your starting quote about gold
> being "sovereign of all sovereigns" makes you a little hard to take
> seriously from the get go, that just smacks of idolatry. Do you
> fondle your Kruggerands? I would be happy to consider a rational
> argument for the gold standard, there are alot of factors that need
> to be taken into consideration and all sides need to have an open
> mind.]]> Wed, 15 Jul 2009 08:43:40 -0400 I didn't say that the sellers would fetch the lowest price - merely that they would sell on the market to increase supply artificially. The whole point of the cartel is to suppress the price of gold to make their own fiat currencies look better than they really are.

If you read the Barrick Gold case document, you realize that yes, they do NOT intend to pay back the leased gold. Even with the recent gold collections all over the US, there simply isn't enough supply available.

I do not favor a return to a classical gold standard since this is just our friend, fractional reserve banking, in different clothes - although it would be better than fiat. Try reading this article on the gold standard if you like, I think you will better understand where I am coming from:

Bernanke's Great Lie: The Great Depression and the "Gold Standard"
www.nolanchart.com/art...

On Jul 15 12:25 AM Dean M wrote:

> Your description of the scheme makes no sense. GS leases the gold
> sells it under conditions orchestrated to fetch them the lowest possible
> price and then what? You don't mention how they return the gold.
> If it's leased, then aren't they supposed to give it back. If they
> are going to just keep making lease payments indefinitely, why would
> they do that. And why would they dump it, if they're so smart about
> manipulating markets, wouldn't they want to fetch the highest price?
> Maybe I'm missing something but it seems like anyone can publish
> an article on SA with the words "gold", "Goldman Sachs" and "conspiracy"
> and no one will question anything. Your starting quote about gold
> being "sovereign of all sovereigns" makes you a little hard to take
> seriously from the get go, that just smacks of idolatry. Do you
> fondle your Kruggerands? I would be happy to consider a rational
> argument for the gold standard, there are alot of factors that need
> to be taken into consideration and all sides need to have an open
> mind.]]> http://seekingalpha.com/article/148612-unlocking-the-money-matrix-gold-price-suppression?source=feed#comment-588447 588447 I wouldn't say I am optimistic that many people care at this point. However, I AM quite optimistic that if people realize the truth about the FED they will start to care. I just hope it doesnt take a complete collapse for people to start realizing this en masse.


On Jul 14 11:07 PM andypandy wrote:

> I like the article... you are very optimistic that anyone actually
> cares. I don't think anyone does other than people like us, and
> that ain't many.]]> Tue, 14 Jul 2009 23:12:00 -0400 I wouldn't say I am optimistic that many people care at this point. However, I AM quite optimistic that if people realize the truth about the FED they will start to care. I just hope it doesnt take a complete collapse for people to start realizing this en masse.


On Jul 14 11:07 PM andypandy wrote:

> I like the article... you are very optimistic that anyone actually
> cares. I don't think anyone does other than people like us, and
> that ain't many.]]> http://seekingalpha.com/article/148612-unlocking-the-money-matrix-gold-price-suppression?source=feed#comment-587951 587951
Yes, that's what I meant. The central bank gold is posted as collateral in the bullion dealer's inventory, transferred to customer's inventory if the contract is redeemed and eventually leaves the exchange. After it's gone from the exchange, the chain of custody is typically broken, so no idea where it goes next though Asian jewelry and in investor's possession are the most likely destinations

I'd like to add this doesn't preclude or prevent the central bank gold from being sold at spot outside of the exchanges, - or gold swaps - but this mostly likely occurs far less because then the futures market price is not affected as directly as dumping on the exchange.


On Jul 14 02:44 PM User 447562 wrote:

> Question: in point number 4 under "The Summers Gold Price Suppression
> Scheme" you state: "The physical gold bars leave the exchanges. Most
> of the central bank gold is melted down to meet the supply deficit,
> and now adorns the necks of Indian women or rests in the vaults of
> investors."
>
> I assume you mean when a futures contract purchaser demands physical
> delivery the physical gold leaves the COMEX warehouse. Is that correct?
>
>
> Excellent article. Control of fiat currency is tantamount to the
> control of an entire society. If people would only wake up and THINK.
> Many are simply intellectually incapable of understanding this, which
> is the sinister "beauty" of the globalists' plan; but many, many
> intelligent people in finance and other fields fully capable of understanding
> what you have laid out simply refuse to believe it is possible that
> markets do not, and have not already, counteracted such a manipulation.
> I have met hundreds of these people in my work. Naive cogs, all
> of them.]]> Tue, 14 Jul 2009 14:56:26 -0400
Yes, that's what I meant. The central bank gold is posted as collateral in the bullion dealer's inventory, transferred to customer's inventory if the contract is redeemed and eventually leaves the exchange. After it's gone from the exchange, the chain of custody is typically broken, so no idea where it goes next though Asian jewelry and in investor's possession are the most likely destinations

I'd like to add this doesn't preclude or prevent the central bank gold from being sold at spot outside of the exchanges, - or gold swaps - but this mostly likely occurs far less because then the futures market price is not affected as directly as dumping on the exchange.


On Jul 14 02:44 PM User 447562 wrote:

> Question: in point number 4 under "The Summers Gold Price Suppression
> Scheme" you state: "The physical gold bars leave the exchanges. Most
> of the central bank gold is melted down to meet the supply deficit,
> and now adorns the necks of Indian women or rests in the vaults of
> investors."
>
> I assume you mean when a futures contract purchaser demands physical
> delivery the physical gold leaves the COMEX warehouse. Is that correct?
>
>
> Excellent article. Control of fiat currency is tantamount to the
> control of an entire society. If people would only wake up and THINK.
> Many are simply intellectually incapable of understanding this, which
> is the sinister "beauty" of the globalists' plan; but many, many
> intelligent people in finance and other fields fully capable of understanding
> what you have laid out simply refuse to believe it is possible that
> markets do not, and have not already, counteracted such a manipulation.
> I have met hundreds of these people in my work. Naive cogs, all
> of them.]]> http://seekingalpha.com/article/148612-unlocking-the-money-matrix-gold-price-suppression?source=feed#comment-587755 587755 Thx for your comment. As a matter of fact, I am one of those trying to stop the insanity. I am running for U.S. Congress in 2010, and hope to use the campaign to spread a message of liberty - economic as well as personal - to everyone I meet along the way.

Jake


On Jul 14 11:17 AM User 437655 wrote:

> You have hit the nail on the head. But, in the United States of America,
> with its infinite greed, a cream of the crop group of crooks is about
> to destroy any remaining shred of belief from the citizens of the
> US. Also, you have hit upon a common thread which carries throughout
> this whole mess. If you look under the sheets, you will find 1 outfit
> called Goldman Sachs which I believe is the most crooked entity ever
> in the history of mankind. Look closely. Robert Rubin (nicely gave
> back his bonus) was Sec'y of Treasury, Henry Paulson (Chairman of
> GS) who conveniently got the mess rolling as Sec'y of Treasury, and
> then cleanly slipped right out of the picture after rewarding his
> GS buddies, and helped set in motion the AIG bullshit.
> And checking on AIG, why is it rewarded so well ? Where does Congress
> hold their version of what "we, the people", call Social Security
> ? And AIG was the selected conduit to pay off certain debt holders
> 100 % while "we, taxpayers", took it right in the shorts. Check,
> if you can, whether GS was at the tail end of this reward along with
> some foreign banks (what gives here). And the taxpayer just keeps
> bending over again and again. And they said "No taxation without
> representation". How many out there believe any of this crap anymore.
> But, before these brilliant crooks take any more of ours, and our
> grandchildren's (to the power of 10) future, is anyone out there
> ready to stop this insanity. I'm available to discuss with someone
> who does their homework.
>
> Stan]]> Tue, 14 Jul 2009 13:25:37 -0400 Thx for your comment. As a matter of fact, I am one of those trying to stop the insanity. I am running for U.S. Congress in 2010, and hope to use the campaign to spread a message of liberty - economic as well as personal - to everyone I meet along the way.

Jake


On Jul 14 11:17 AM User 437655 wrote:

> You have hit the nail on the head. But, in the United States of America,
> with its infinite greed, a cream of the crop group of crooks is about
> to destroy any remaining shred of belief from the citizens of the
> US. Also, you have hit upon a common thread which carries throughout
> this whole mess. If you look under the sheets, you will find 1 outfit
> called Goldman Sachs which I believe is the most crooked entity ever
> in the history of mankind. Look closely. Robert Rubin (nicely gave
> back his bonus) was Sec'y of Treasury, Henry Paulson (Chairman of
> GS) who conveniently got the mess rolling as Sec'y of Treasury, and
> then cleanly slipped right out of the picture after rewarding his
> GS buddies, and helped set in motion the AIG bullshit.
> And checking on AIG, why is it rewarded so well ? Where does Congress
> hold their version of what "we, the people", call Social Security
> ? And AIG was the selected conduit to pay off certain debt holders
> 100 % while "we, taxpayers", took it right in the shorts. Check,
> if you can, whether GS was at the tail end of this reward along with
> some foreign banks (what gives here). And the taxpayer just keeps
> bending over again and again. And they said "No taxation without
> representation". How many out there believe any of this crap anymore.
> But, before these brilliant crooks take any more of ours, and our
> grandchildren's (to the power of 10) future, is anyone out there
> ready to stop this insanity. I'm available to discuss with someone
> who does their homework.
>
> Stan]]> http://seekingalpha.com/article/148612-unlocking-the-money-matrix-gold-price-suppression?source=feed#comment-587444 587444 I certainly won't claim that I know the answer to your question, but I fail to see where all of the gold and silver that SLV and GLD claim to possess are coming from.

That, and their prospectuses are horrible. Time may prove you correct on the IOUs. Certainly Adrian Douglas's recent piece "The Alchemists" points that way.

I do believe its a fair statement to make that these 2 ETF's are not equivalent to physical metal, and the fund's managers would probably agree. Besides, for a non-multimillionaire purchase you can't redeem the shares for the metal.


All -
I just noticed that the graphs and pictures I had added (as well as the source list) have been edited out. To view them, please visit
www.nolanchart.com/art...


On Jul 14 08:54 AM User 423635 wrote:

> Do you believe that the gold etf GLD is backed by physical gold
> in their valt or in part by gold iou's. I do not trust iou's or borrowed
> gold
> Bob]]> Tue, 14 Jul 2009 11:01:49 -0400 I certainly won't claim that I know the answer to your question, but I fail to see where all of the gold and silver that SLV and GLD claim to possess are coming from.

That, and their prospectuses are horrible. Time may prove you correct on the IOUs. Certainly Adrian Douglas's recent piece "The Alchemists" points that way.

I do believe its a fair statement to make that these 2 ETF's are not equivalent to physical metal, and the fund's managers would probably agree. Besides, for a non-multimillionaire purchase you can't redeem the shares for the metal.


All -
I just noticed that the graphs and pictures I had added (as well as the source list) have been edited out. To view them, please visit
www.nolanchart.com/art...


On Jul 14 08:54 AM User 423635 wrote:

> Do you believe that the gold etf GLD is backed by physical gold
> in their valt or in part by gold iou's. I do not trust iou's or borrowed
> gold
> Bob]]> http://seekingalpha.com/article/148612-unlocking-the-money-matrix-gold-price-suppression?source=feed#comment-587080 587080 www.nolanchart.com/art...]]> Tue, 14 Jul 2009 08:18:05 -0400 www.nolanchart.com/art...]]> http://seekingalpha.com/article/148126-the-wreck-of-the-hesperus-and-the-meltdown-of-global-monetary-system?source=feed#comment-585476 585476 You may also be interested in this article

The Gray Champion

"We may not wish the Gray Champion to come again - but come he must, and come he will." - from The Fourth Turning

www.nolanchart.com/art...

On Jul 11 11:59 AM OldFordTruck wrote:

> Beautifully written article! Every time I get into this subject,
> I look at my two young children and feel nothing but depression and
> rage at what is happening in my country and to their future. This
> is the first article I have read that makes me feel optimistic despite
> the challenges that lie ahead.]]> Mon, 13 Jul 2009 09:02:21 -0400 You may also be interested in this article

The Gray Champion

"We may not wish the Gray Champion to come again - but come he must, and come he will." - from The Fourth Turning

www.nolanchart.com/art...

On Jul 11 11:59 AM OldFordTruck wrote:

> Beautifully written article! Every time I get into this subject,
> I look at my two young children and feel nothing but depression and
> rage at what is happening in my country and to their future. This
> is the first article I have read that makes me feel optimistic despite
> the challenges that lie ahead.]]> http://seekingalpha.com/article/146819-bank-failure-friday-comes-early?source=feed#comment-572974 572974
www.nolanchart.com/art...]]> Fri, 03 Jul 2009 08:44:29 -0400
www.nolanchart.com/art...]]> http://seekingalpha.com/article/145895-the-bubble-blowers-goldman-sachs-and-cap-and-trade?source=feed#comment-567534 567534
"Telecommunications and computers now moot these considerations. "

Exactly!! if you are interested check out the Open Office concept I published here
www.scribd.com/doc/162...]]> Mon, 29 Jun 2009 17:46:34 -0400
"Telecommunications and computers now moot these considerations. "

Exactly!! if you are interested check out the Open Office concept I published here
www.scribd.com/doc/162...]]> http://seekingalpha.com/article/144391-the-truth-about-unemployment-numbers?source=feed#comment-555901 555901 Good point, obviously uninsured and insured unemployed should be reported together with total unemployment.

I don't believe you've used ShadowStats information and was wondering what you think of their approach? They claim unemployment U6 is over 20%

www.shadowstats.com/al...

theburningplatform.com...]]> Sun, 21 Jun 2009 08:34:47 -0400 Good point, obviously uninsured and insured unemployed should be reported together with total unemployment.

I don't believe you've used ShadowStats information and was wondering what you think of their approach? They claim unemployment U6 is over 20%

www.shadowstats.com/al...

theburningplatform.com...]]> http://seekingalpha.com/instablog/274602-jake-towne/8270-r-i-p-the-london-gold-pool-1961-1968?source=feed#comment-548119 548119 Mon, 15 Jun 2009 21:45:39 -0400 http://seekingalpha.com/instablog/379514-market-sniper/3592-a-possible-solution?source=feed#comment-535067 535067
I am not part of GATA, but I believe their evidence is very strong and has suppressed the price of gold.

This is an interesting idea - it may even happen not on purpose, but by market forces and default on the dollar one day in the hopefully distant future - fixed rate obligations on fiat currencies are obliterated by hyperinflation.

If one studies the national debt and US Treasury history of the United States, one can certainly make a case that actions by the US gov't are fraudulent.

Though Congress has the power to coin gold and silver coin and borrow on the credit of the U.S. they do NOT have the power to emit bills of credit. That said, today's Federal Reserve Notes are simply debt - for every $1 bill you have in hand technically makes you a debtor to the FED, and the FED your creditor since they extended you the credit.

I recently started a congressional campaign, would be much obliged if you took a look at the monetary system ideas therein

www.scribd.com/doc/159...


On Jun 02 02:41 AM Freya wrote:

> I don't know if J. Towne is still working with GATA or is even on
> SA anymore. Hope he gets the Above, if he doesn't have it already.]]> Sat, 06 Jun 2009 16:05:49 -0400
I am not part of GATA, but I believe their evidence is very strong and has suppressed the price of gold.

This is an interesting idea - it may even happen not on purpose, but by market forces and default on the dollar one day in the hopefully distant future - fixed rate obligations on fiat currencies are obliterated by hyperinflation.

If one studies the national debt and US Treasury history of the United States, one can certainly make a case that actions by the US gov't are fraudulent.

Though Congress has the power to coin gold and silver coin and borrow on the credit of the U.S. they do NOT have the power to emit bills of credit. That said, today's Federal Reserve Notes are simply debt - for every $1 bill you have in hand technically makes you a debtor to the FED, and the FED your creditor since they extended you the credit.

I recently started a congressional campaign, would be much obliged if you took a look at the monetary system ideas therein

www.scribd.com/doc/159...


On Jun 02 02:41 AM Freya wrote:

> I don't know if J. Towne is still working with GATA or is even on
> SA anymore. Hope he gets the Above, if he doesn't have it already.]]> http://seekingalpha.com/article/135738-gata-u-s-government-suppressing-gold-price?source=feed#comment-492608 492608 I'll just list the same link on the GATA theory that convinced me - yes, it is a theory still, and takes awhile to read through, but geez, the evidence being accumulated is pretty massive. Not saying it will convince you as well, but take a look if you havent already

gata.org/node/6519


On May 06 10:50 AM andypandy wrote:

> Although the fact that demand for gold and silver is way up yet prices
> remain relatively low gives some credibility to the manipulation
> speculation. However .I view manipulation to be somewhat close to
> conspiracy theories, so I have a difficult time believing the charges...
> Even so, I'm a gold bug, and I like gold and silver long ter]]> Wed, 06 May 2009 16:04:03 -0400 I'll just list the same link on the GATA theory that convinced me - yes, it is a theory still, and takes awhile to read through, but geez, the evidence being accumulated is pretty massive. Not saying it will convince you as well, but take a look if you havent already

gata.org/node/6519


On May 06 10:50 AM andypandy wrote:

> Although the fact that demand for gold and silver is way up yet prices
> remain relatively low gives some credibility to the manipulation
> speculation. However .I view manipulation to be somewhat close to
> conspiracy theories, so I have a difficult time believing the charges...
> Even so, I'm a gold bug, and I like gold and silver long ter]]> http://seekingalpha.com/article/135561-the-gold-war-china-and-the-u-s-treasury-market?source=feed#comment-492272 492272 I believe in diversification in the different forms of physical metal and where to store them... my very humble opinion on these 2 funds, after reading their propectuses is here. watch out for the premiums at which these funds trade though, its one annoying factor in addition to the spot price that you have to watch.

www.nolanchart.com/art...

"For many reasons, I view SLV and GLD with distrust. The Central Fund of Canada (third-party storage of gold and silver, CEF) and Central Gold-Trust (GTU, gold bullion only) are two ETF's you could also check out, as well as goldmoney.com and bullionvault.com. GTU and CEF currently traded at significant premiums compared to the spot price of the amount of bullion they store. Physical metal can even be placed into an IRA and stored by a third party. All I can say on any of these options is to be VERY careful, there is no simply substitute for physical gold and silver in hand or even stored at a Brinks-type depository or safety deposit box. I view all of the above as simply ways to diversify storage."

My disclaimer is in the article link :) Best of luck

On May 06 08:47 AM andypandy wrote:

> Great article, I've been searching for opinions of GTU and CEF.
> Are funds like this safe, or should I be hiding gold in around my
> house?]]> Wed, 06 May 2009 13:07:26 -0400 I believe in diversification in the different forms of physical metal and where to store them... my very humble opinion on these 2 funds, after reading their propectuses is here. watch out for the premiums at which these funds trade though, its one annoying factor in addition to the spot price that you have to watch.

www.nolanchart.com/art...

"For many reasons, I view SLV and GLD with distrust. The Central Fund of Canada (third-party storage of gold and silver, CEF) and Central Gold-Trust (GTU, gold bullion only) are two ETF's you could also check out, as well as goldmoney.com and bullionvault.com. GTU and CEF currently traded at significant premiums compared to the spot price of the amount of bullion they store. Physical metal can even be placed into an IRA and stored by a third party. All I can say on any of these options is to be VERY careful, there is no simply substitute for physical gold and silver in hand or even stored at a Brinks-type depository or safety deposit box. I view all of the above as simply ways to diversify storage."

My disclaimer is in the article link :) Best of luck

On May 06 08:47 AM andypandy wrote:

> Great article, I've been searching for opinions of GTU and CEF.
> Are funds like this safe, or should I be hiding gold in around my
> house?]]> http://seekingalpha.com/article/133589-donald-luskin-gold-and-the-upside-down-bell-curve?source=feed#comment-481476 481476
The only question I have is why would anyone still be interviewing Luskin? Might as well interview anyone on the comment stream instead, as least we aren't on the public record as saying everything was fine in July 2007, then saying the DJI was at the bottom in January 2009.

www.youtube.com/watch?...

On Apr 28 10:44 AM philais wrote:

> Luskin? HaHa! look at this...
> www.youtube.com/watch?...]]> Tue, 28 Apr 2009 15:37:08 -0400
The only question I have is why would anyone still be interviewing Luskin? Might as well interview anyone on the comment stream instead, as least we aren't on the public record as saying everything was fine in July 2007, then saying the DJI was at the bottom in January 2009.

www.youtube.com/watch?...

On Apr 28 10:44 AM philais wrote:

> Luskin? HaHa! look at this...
> www.youtube.com/watch?...]]> http://seekingalpha.com/article/130254-bring-light-to-dark-derivatives?source=feed#comment-460434 460434
On Apr 12 06:33 AM morph366 wrote:

> Jake
> My point was that it seemed to be the point of your piece that we
> really don't know how big the derivatives market is - to quote your
> own article - how can you place a "market value" on all the various
> types of derivatives? Most especially, how can you call this a MARKET
> value if there is NO market for these contracts?]]> Sun, 12 Apr 2009 10:27:19 -0400
On Apr 12 06:33 AM morph366 wrote:

> Jake
> My point was that it seemed to be the point of your piece that we
> really don't know how big the derivatives market is - to quote your
> own article - how can you place a "market value" on all the various
> types of derivatives? Most especially, how can you call this a MARKET
> value if there is NO market for these contracts?]]>