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Ducaticorse

Ducaticorse
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  • Chesapeake Granite Wash Trust Is A Strong Buy, Part I [View article]
    money follows…to HIS pocket.
    Mar 31 01:22 PM | 3 Likes Like |Link to Comment
  • Are EV Dreams Going Up In Smoke? [View article]
    Why on earth Tesla is sanctified and supposedly pure and honest vs. the Ford, Exxon and the like? You can't really believe that. Like anybody else of their ilk, they want to sell, be right and make money. You come last.
    Mar 30 06:40 PM | 3 Likes Like |Link to Comment
  • Are EV Dreams Going Up In Smoke? [View article]
    Oh la la, referring to a story 100 years old, your argument is getting weaker and weaker.
    Mar 30 06:32 PM | 1 Like Like |Link to Comment
  • Lesson From Cyprus: Cashless Society Equals No More Bank Runs? [View article]
    Why sould they run? They can withdraw EUR 300/day, EUR 9,000/ month and they have been secured up to EUR 100,000. I don't think that such amounts apply to the wide mass of Cypriot citizens.
    Mar 30 02:17 PM | 1 Like Like |Link to Comment
  • It Can Happen Here: The Confiscation Scheme Planned For U.S. And U.K. Depositors [View article]
    Forget about your Fifth, it's not confiscation because when you deposit your money in the bank, you lose ownership of it. You just get a claim, an IOU. If you were still the owner of the money the bank would have to ask you permission to lend the money to a developer to build on a new track of land.
    Mar 29 10:26 AM | 1 Like Like |Link to Comment
  • It Can Happen Here: The Confiscation Scheme Planned For U.S. And U.K. Depositors [View article]
    It makes sense because people above this limit think they are covered, there is no risk. That's why there is so much noise about Cyprus. Now, if you realize that your working capital is at risk, you run out. The $ 1 mil you have with JPM, is down to 250K the rest is split with BAC, C, UBS, wherever. This poses a problem. Furthermore, the FDIC doesn't have the money for the 250K. It would have to ask Congress. Will Congress pay? It's not sure and what's certain is that they are going to talk about it for at least a week. Ample time to rise a panic.
    Mar 29 10:22 AM | 1 Like Like |Link to Comment
  • It Can Happen Here: The Confiscation Scheme Planned For U.S. And U.K. Depositors [View article]
    They will not confiscate funds in pensions. They will simply mandate that a reasonable 5% (to start with) shall be invested in treasury securities, for your safety. Then, like the Federal tax, this % is going to increase.
    Mar 29 10:15 AM | 6 Likes Like |Link to Comment
  • It Can Happen Here: The Confiscation Scheme Planned For U.S. And U.K. Depositors [View article]
    The author states three points. The first is that there is a provision in the law that enables bank to convert deposits into capital (stocks). The second is that derivative holders are first to collect any available liquidity (and their claim is much bigger than the depositors' ). The third is that the FDIC doesn't have the money to fulfill its pledge to cover deposits up to 250K. Hence, FDIC would have to ask Congress.
    This is the situation and these are the risks. Will the risk become reality, is a question for another day.
    Mar 29 10:12 AM | 2 Likes Like |Link to Comment
  • It Can Happen Here: The Confiscation Scheme Planned For U.S. And U.K. Depositors [View article]
    That's true. The media should write; Government evil/ banks, businesses evil … too. You're on your own.
    Mar 29 09:53 AM | 4 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Since I never believe what the government says I would argue that this supposedly organized Chinese hacking is hogwash but it allows the US government to by pass the World Trade Organization rules.
    Business is business but don't believe that China is backing, encouraging or leading cyber attacks against the US. This is the same crap as the WMD in Irak.
    Mar 28 09:55 AM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Reuters' are not rumors but that effectively raises a problem. The money was not deposited with the foreign agency or full branch (if it was this is not a problem). So, now there is a hole in the agency and a credit balance with the mother ship in Cyprus. The mother ship can't pay since there is capital control. What is going to happen to the agency or full branch?
    Mar 28 09:44 AM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    It's not austerity it's a reduction of the growth rate of the deficit. Nuance. Germany only reduced it's deficit in the current budget but it's only economy that enjoys some growth in Europe. Spain, Italy and consorts didn't reduce their deficit, to the contrary.
    Mar 28 09:40 AM | 2 Likes Like |Link to Comment
  • Swayed By The Arguments In Tesla? [View article]
    But Fisker received bad reviews as a car and that's not the case with Tesla.
    Mar 27 12:39 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    All nice and dandy the London and Russian branch trick but what if the mother ship in Cyprus can't transfer the funds Thursday come?
    Mar 26 03:50 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Like they say it takes one generation to create wealth, one generation to consume it and then one generation to destroy it.
    Mar 26 03:43 PM | Likes Like |Link to Comment
COMMENTS STATS
1,030 Comments
1,606 Likes