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Michael Clark

Michael Clark
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  • China begins market manipulation hunt [View news story]
    What about Jamie Dimon? Do you think the Big Banks don't manipulate markets? Start at the top and work your way down.
    Jul 12, 2015. 07:50 PM | 3 Likes Like |Link to Comment
    Alan, I was banned for more than a year for several reasons: long-windedness, off-topicism, and 'too many religious metaphors'.

    I'm glad SA decided in favor of freedom of speech; it takes so much energy to sterilze hearts and minds through censorship.

    Jul 12, 2015. 07:13 PM | Likes Like |Link to Comment
  • 'Dollar' Moving Quickly Now [View article]
    This is the strong Dollar harvesting the world that the weak Dollar seeded. How do we crush the global debt bubble? Strong Dollar. FED will raise rates in September. We have until 2019 to thoroughly crush the debt bubble, to keep on schedule. How do we do this? Strong Dollar.
    Jul 8, 2015. 02:29 PM | Likes Like |Link to Comment
  • 'Dollar' Fault [View article]
    Wonderful article.
    Jul 8, 2015. 02:16 PM | Likes Like |Link to Comment
  • A New Deal For Greece [View article]
    We need laws written quickly that make it illegal for public funds to be used to bail out private corporations. This would not have happened if banks knew ahead of time that they were on their own.
    Jul 8, 2015. 12:53 AM | 1 Like Like |Link to Comment
  • Sell Your XLF [View article]
    James: Great article. I'm now a follower. What do you make of Citigroup and Goldman Sachs bulking up in the precious metals derivative markets? Are they net-long or net-short -- is there any way for us to know? Do they have information we don't have? Like a FED commitment to the strong Dollar? Which would lead to an expected net-short metals for Citibank and in silver for Goldman Sachs. Or are they expecting another round of QE, as a surprise, which might make them net-long?

    Enjoyed the article. You seem to be seeing and saying things that aren't be said very often on SA, which I like.
    Jul 8, 2015. 12:43 AM | 1 Like Like |Link to Comment
    I didn't get it, Alan. Somehow that did not come through. Any way I could get you to try to send it again? I'd appreciate seeing it.

    Jul 7, 2015. 11:04 PM | Likes Like |Link to Comment
  • Chicago Bridge & Iron: More Than Meets The Eye [View article]
    I caught flack a few months ago when I suggested CBI would trade under 20 before it would trade over 80.

    Well, I'm back, with another picture. The Bear Rally seems to be over. And unless the FED engineers more 'socialism for the rich' to wound the US Dollar again, for the sake of the global debt bubble, CBI seems ready for another fall.

    Please consult the chart of CBI with an overlay of UUP (US Dollar) -- my thesis is that the strong Dollar will crush commodities again, and anything smelling even remotely of oil, whether than scent is real of just the residue of some lingering memory. (I'm allergic to fundamental jargon, which I consider to be a kind of orthodox voodoo meant mostly as a prayer for trading profits.)
    Jul 7, 2015. 07:17 PM | Likes Like |Link to Comment
  • Should You Cross The Chicago Bridge & Iron Company? [View article]
    CBI bull? Not until we get QE IV. CBI suffers the same fate as oil in a rising US Dollar scenario.
    Jul 7, 2015. 07:11 PM | Likes Like |Link to Comment
  • A New Deal For Greece [View article]
    Wait until you guys get Beppe Grillo and Madame Le Pen. You will be begging for Mr. V to come back. Looks like the age of solemn uniformity is ending.
    Jul 7, 2015. 05:32 PM | 1 Like Like |Link to Comment
  • Greece Should Be Cut Some Slack [View article]
    Germany got the best of both worlds. A weak (relatively) currency, to help her imports; and a captiive audience (southern Europe) that needed money to buy German products. Voila. Instant profitability -- and debt slavery for the shadow.
    Jul 7, 2015. 03:48 PM | Likes Like |Link to Comment
  • A New Deal For Greece [View article]
    Mostly Greek citizens became predators to many Greek institutions, knowing that they were fully backed by their own government.

    Most Greek citizens are predators. Substitute "EU Banks" for the 'most Greek citizens' and we would have a similar opinion.

    Really, are most Swedish citizens predators to their government in Sweden. Most American citizens predators to their government in America. Predators is an odd choice of words. Is Greece the only nation in the world that had its government was surrounded and eaten by their citizens? Has this happened any other time in history?

    I think your ideology is inflamed? You hate Big Government; you love Big Business. That is a filter through which you see the world. Don't forget your mind is wearing a filter that polarizes your image of the world.
    Jul 7, 2015. 03:46 PM | Likes Like |Link to Comment
  • A New Deal For Greece [View article]
    I might take your word for this, Jason. But others seems to agree with me. I hope you are right.

    Has World War III Already Begun?

    By: Rachel Marsden

    While recently commemorating the World War I centenary at an Italian military cemetery, Pope Francis declared: "Even today, after the second failure of another world war, perhaps one can speak of a third war, one fought piecemeal, with crimes, massacres, destruction." The pope's observation begs the question: If World War III has already started, would we even know it? Or would it only be evident in the rearview mirror?

    Ask 10 people you know to identify the thunderclap that started World War II. The answer would vary, depending on the perceptiveness of the person being asked and their geographic location. Former British Prime Minister Winston Churchill was warning anyone who would listen about Nazism long before Hitler's rise to power in the early 1930s. America, by contrast, was only fully pulled into the war when Japan attacked Pearl Harbor in December 1941.

    Likewise, most people would probably say that the Cold War started in earnest around the time of the Cuban Missile Crisis in 1962. They likely wouldn't consider a much more discreet but equally significant event: the defection, on September 5, 1945, of Igor Gouzenko, a cipher clerk at the Soviet Embassy in Ottawa, Canada, who fled his post carrying 109 documents detailing Soviet infiltration of the West.

    Did anyone who was alive in 1945 believe that the Cold War had already started? Well, history has effectively and retroactively determined that it had indeed begun by that point. The same could be of the events underpinning the multitude of dire warnings from Churchill long before history ever considered those events significant.

    So has World War III already started? And if it has, does it fit the description offered by the pope?

    A Third World War would be highly decentralized, complex, covert and tactically diverse, and it would transcend the state-vs.-state paradigm. Wars currently underway in the world are either ideological in a purely religious sense, or strictly economic with a view toward maximizing profits (as opposed to peddling communism or capitalism as ideologies). Both of these phenomena are occurring simultaneously.
    Jul 7, 2015. 03:38 PM | 1 Like Like |Link to Comment
  • A New Deal For Greece [View article]
    Well, my country of residence is America, and I'd rather have a Varoufakis in our government than a Trump. Although Trump is easier to pronounce and spell. A lumpy Bush? A hillarious Hillary? At least Mr. V., is not ponderous and pompous -- in truth, most European leaders in the EU seem sober, rich and tacitern, without too much imagination. I sense you like leaders who fit that formula. Most of the world's political leaders keep the world where it is. And they fill their pockets with money. I would like to find political leaders who aren't like that, who aren't more concerned with filling their own bank account, than with serving their countrymen. If I could find a true statesman or stateswoman like that who also had odd, impulsive behavior (occasionally broke the rules of conduct) I would take him. You say Mr. V's behavior was shameful -- because he did not 'play by the rules'. Who made these rules? What is so sacred about these rules? He let the Troika know he understood their games, that they were ambassadors for the EU banking interests; and he was hostile to those interests. Good for him. The TROIKA. What is so sacred about the TROIKA? Who annointed them emissaries of....godhood. Is the TROIKA even elected? Or is the TROIKA just the hitmen of the EU banker mafia?

    Mr. V's behavior would not have been accepted by any corporation in the world. Maybe that's why I like him. Let's stop worshipping corporations, and see them for what they really are -- the new age Roman Empire; hit-men in white shirts and fake smiles.
    Jul 7, 2015. 03:30 PM | 2 Likes Like |Link to Comment
  • A New Deal For Greece [View article]
    Timothy and Andreas: Love him or hate him, Varoufakis was more of a rock star than a typical government office -- I admit. I found him refreshing. Clearly he would have been fired from a corporate job; perhaps that is what I like about him. I am so tired of the plastic, magazine natures who appear all cut from the same cloth, all proper and processed from the same dull imagery of middle-class virtues and groomed by propriety's common interests. He was less civilized than his opponents. True. More visceral; more real. I really don't think we all have to be made from a corporate cookie-cutter. I'm very suspicious of the corporate cookiei-cutter. I think that is part of our problem. We have all been corporatized, sucked into and out of a corporate homogenizer. I don't know how old you guys are. I'm almost 65. My generation was much more tolerant of odd behavior; in fact, nothing was worse than the skim milk corporate creations that today are commonplace and apparently hallowed, with all that surface goodness and bland charm of the 'Establishment' assembly line personality created without dimension. Suburbia of the soul. Everyone forced to be the same, forced by fear of losing one's job, losing one's reputation, losing one's elevated place in the white, the very white, food chain.

    Varoufakis is real, has a brain. He knows how to think for himself. He knows how to express his ideas. As much as I like Angela Merkel, I found him much more colorful and original that Angela. Compare him to Draghi, Monti, Bernanke, Paulson, Greenspan....with whom would you rather have dinner, Varoufakis or Ben Bernake?

    Draghi, Monti, Bernanke, Paulson and Greenspan are all well-behaved, cultivated for a public life -- but they are dead inside. We like people who are well-behaved and dead inside. We think we can trust them. Maybe we can, maybe we can't.

    Beware too much homogenization. We are all human. But we need to value the differences too, not just the similarities.

    I think Varoufakis stole the show, with his sincerity, even considering his frustrated antics. I believe he thinks the Troika are terrorists. Terrorists come in all forms, not just in Muslim clothing -- sometimes they come in Armani suits, driving German cars, stealing a country's future with a pen.

    He is the very nature that does not make for a professional politician; but, then again, I'm really tired of professional politicians, who are mostly opportunists and careerists, looking to pad their pockets and curry favor with everyone, seeking popularity as a rat seeks an oversized piece of cheese.

    Be tolerant of genius. Sometimes it is odd, unpopular, shy when it should not be, and noisy when we do not expect it or feel it appropriate. It often sees more clearly the world we all need to be seeing, after we have been led into a dead-end by the well-mannered sycophants who have stopped seeing many years earlier, for such sights of new continents can often be very dangerous to one's professional career, following being much more admired in the trail of tears often relegated to one's career.

    Varoufakis clearly loves his country and his countrymen and woman, which he feels is being attacked and misused. I think he is the most interesting politician of the season -- mainly because he does not act like or appear to be a 'legitimate' politician. I think we need more leaders like him, rather than the plastic Ken and Barbie dolls with which we have been shackled for so many years, ever since television began to require beauty, country club decorum, and the vexing fake 24-hour smile that I so despise.

    I think we need a whole new generation of leaders like Varoufakis, real, passionate, and imaginative -- not the old white bread leaders who have sold us out to Wall Street.
    Jul 7, 2015. 01:30 AM | Likes Like |Link to Comment