AlphaDude

On Goldman and CIT: No Free Lunches

Another great article Reggie, you got it pretty much nailed. All 5 banks are technically insolvent and are only kept afloat by Bananas Ben. These are historic times and I'm expecting some outrageous movements by this cartel in the next couple of years as these financial WMD's start popping.

Four Major Developments Gold Investors Should Watch

" If they thought they might get screwed on the dollar, wouldnt the
government be hoarding gold instead of passing it out to the citizens?"

China is hoarding Gold, they have admitted it by declaring their 1,000+ ton plus stash. They won't be handing any of it out. China is a growing importer of Gold (more than India so far this year [granted : Indian imports are down]) and it is this imported Gold that will be going to the retail trade, which is only going to grow.

By encouraging demand I believe that China will force a floor under the price and I'm betting the floor will be at $1000 with plenty of upside potential. IMHO

Deflation Looms

Great article, can't fault the analysis. I think that deflation in some sectors will occur but with the Fed sworn to fight it with massive Queasing it surely can't persist. Then, helicopter Ben will have to act like a magician to grab back all the $$$ he's thrown into the system. Maybe he can do it without causing massive disruption to growth, if he does I will take my hat off to him, but if he can't/won't then surely there must be inflation to come.

Disclosure : 25% in Allocated physical Gold Bullion

Pace of Insider Sales Continues to Escalate

These insiders know that their companies are not worth as much as their market cap. 'cos they know that earnings are collpsing and it's only down to "creative accounting" that many of them are even solvent.

But the numbers will be woking through in the next 1 or 2 waves of reports, then there will be no denying their true value, they will be priced by the market, Gov't and manipulators can't keep it up forever.

Sobering Stat: ARMS Index Indicates Market Is at Peak, Not Bottom

Good article, I agree with Michael Clark comment regarding re-testing the March lows.

I'm mostly in cash and physical Gold bullion but will continue to hold selected energy stocks and corporate bond fund.

Good Times for Gold Traders

Good explanation of how these gamblers operate. I prefer to hold physical and don't gamble with it.

I've given these a shout out before so forgive me for repeating but they really do provide an excellent service for a minute premium. It's where I got my gold.

www.bullionvault.com

The Federal Reserve Must Die, Part 3

Great article James, as usual. I'm a big fan of Ron Paul, a rare thing; an honest politician.

Let us not forget what Woodrow Wilson said after signing the Federal Reserve Act.

"I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men."

Woodrow Wilson, after signing the Federal Reserve into existence

Liar Loans Not the Problem

The DJIA could well be at 14,000 or 20,000 in 4 years, but what will a $ be worth then, how much will a loaf of bread cost ?

Theses are truly troubled times, I fear worst is still to come.

$70B Drop in Outstanding Consumer Credit: Double the Expected Pace

IMHO Consumer deleveraging will continue and I expect another wave of deleveraging in general. Everyone will do well to save as much as possible.

The only reason markets are up is all the free money being fed to the banks, they gotta put it somewhere. But like everything else, it can't go on forever and when things change it's gonna be in a big way (correction?)

Warren Buffett: The Rust on the Icon

@PenName Dave ; pernicious does not mean destructive;

Adjective
Formal
1. wicked or malicious: pernicious lies
2. causing grave harm; deadly [Latin pernicies ruin]

I used to be a fan of Buffet, but not anymore. I too am sure he is front running from use of info from Gov't and if all the bankrupt companies that BRK invested in had been allowed to collapse then BRK would only be worth pennies and Buffet would be called a fool.

John Dillinger wasn't that bad, he loved the people and a lot of the people loved him, more of a Robin Hood type of character (robbing the rich to pay the poor) whereas Buffet (and Rothschild for that matter) were only interested in profitting themselves and to hell with anyone else not part of their cabal.

NOT SUITABLE FOR SEEKING ALPHA

Good articles. Some people just don't like to hear the truth spelt out.

Federal Reserve Balance Sheet: Week of July 29

Problem is, if the dollar devalues, then the Yuan will match it as it's tied and all other major currencies would be forced to do the same. The competitive devaluation that the G8 promised not to do. It would just cause mayhem and end up back in the same position relatively. There is no easy way out of this mess, Joe Public is on the hook for all this Government debt and will end up paying for it.

Five U.S. Banks Are Too Big to Exist

I fully believe the figure of "30 times global GDP", these banks have been leveraging up all the junk debt by 30 times and more and then buying and selling cheap insurance on it. Govt should never have supported these fools, they made their bed, Iceland, USA, UK, Ireland, Spain and many others are now bankrupt, but the taxpayers are left with the debt while greedy banksters are working their next bonuses from the profit of taxpayer money.

I curse them all.

Goldman Sachs: Still Arrogant and Unrepentant

@Chemist29

I personally have higher morals than that and would not invest in such a morally repugnant organisation.

Goldman Sachs: Still Arrogant and Unrepentant

Thx, great article spelling out just how disgusting GS are, all of their profits are Gov't derived and so belong to the taxpayer, they should be bankrupt and not have jobs let alone bonuses.