This Gold Slam Is A Massive Wealth Transfer From Our Pockets To The Banks [View article]
gold is a "dooms day for paper" investment, its not a trading vehicle but a fundamental trade more like the finite number of years you have to live. a fixed value for exchange with the most valuable thing any of us has, the time we have on earth.a paper system that is debased daily is a poor exchange for that value and is fundamentally evil because of its intent of robbing you silently of that which you have given your life for. the day to day swings of this evil enslaver, debt note, has nothing to do with the reason for holding gold or people too brainwashed to recognize what true value actually is.
gold stands on its own, it is free, like americans were.
Michigan Governor Rick Snyder declared Detroit to be in a state of emergency on Friday and said he would appoint an outside manager to help turn around its dire finances, which include $14B in long-term liabilities. City officials have ten days to persuade Snyder to change his mind. Should he uphold his decision, it would be the latest step in attempts to prevent Detroit filing what would be the biggest municipal bankruptcy in U.S. history. [View news story]
there is no tax base. 3 bdrm brick houses sell for 10,000 dollars if you can find a buyer. the bond holders are going to take one for the team. and it still wont fix the problem because the problem is a certain demographic.
The Fed's (Fictional) Intervention In The Gold Market, Part IV: Faulty Logic [View article]
*Every argument no matter how persuasive will yield in the end to philosophy, good money will survive, and bad money will vanish. Say what you will, I will side with the definition proven over tens of centuries.
Market Running On Fumes, Prepare Your Exit Strategy [View article]
to op's point the banks are using free money to buy assets in the open markets while at the same time the fed is putting all the mbs and other junk the banks have on their books on the feds balance sheet to be paid off by the us tax payer along with the looting of we the peoples savings through devaluation.
China's August HSBC PMI declines to 47.6 from 49.3 in July, and from the flash estimate of 47.8. It's the lowest print since the dark days of March 2009. The number falls into the "so bad it's good" category, with Shanghai, Hong Kong, and Sydney all reversing early losses to turn higher as thoughts turn to stimulus out of Beijing. S&P 500 futures, -0.5% earlier, now off 0.2%. [View news story]
HSBC China Manufacturing PMI™ Manufacturing sector operating conditions worsened at the sharpest rate in 41 months
One question that some have been asking is if JPMorgan (JPM) lost $2.3B, to whom did it lose all that cash? Investment firms such as BlueMountain and BlueCrest made ~$30M, the WSJ reports; one trader reckons that over a dozen hedge funds and banks profited by taking the other side of JP Morgan's trades. [View news story]
since there is no mark to market accounting, there is no reality. if reality existed every american bank would be insolvent. so who cares about this 2 billion? they will just print up more fiat currency.
China's local government debt is "out of control," says Zhang Ke, head of a top Chinese accounting firm, and it could spark a bigger crisis than the U.S. property crash. He says his firm has mostly exited from the business of underwriting local government bond issues as the municipalities cannot service the debt they are taking on. "Things could become very serious." [View news story]
Haruhiko Kuroda - nominated to be next BOJ governor - ratchets up expectations for the central bank's first meeting under his leadership (April 3-4), telling parliament he will do whatever it takes to end deflation. Adding a bit of humor to his confirmation hearing, he says the BOJ's easing isn't aimed at weakening the yen. Dollar/yen -0.1% at ¥93.43. The NIkkei +0.7%. [View news story]
its too late when you hear that " whatever it takes" lie.
Several Theories To Explain Apple's Nosedive [View article]
the ppt stopped ramping up the market with aapl and sold its position after draghi spoke and started this rally. that's why the market has been on a blind pump from the fed and aapl has tanked. its no more complex than that.
Why Inflation Never Came [View article]
its all the fed looks at, stupidly, and its never coming back.
put that in an equation.
This Gold Slam Is A Massive Wealth Transfer From Our Pockets To The Banks [View article]
that value and is fundamentally evil because of its intent of robbing you silently of that which you have given your life for. the day to day swings of this evil enslaver, debt note, has nothing to do with the reason for holding gold or people too brainwashed to recognize what true value actually is.
gold stands on its own, it is free, like americans were.
General Mills: The Technically Risk-Free Stock? [View article]
Michigan Governor Rick Snyder declared Detroit to be in a state of emergency on Friday and said he would appoint an outside manager to help turn around its dire finances, which include $14B in long-term liabilities. City officials have ten days to persuade Snyder to change his mind. Should he uphold his decision, it would be the latest step in attempts to prevent Detroit filing what would be the biggest municipal bankruptcy in U.S. history. [View news story]
The Fed's (Fictional) Intervention In The Gold Market, Part IV: Faulty Logic [View article]
The Treasury confirms it's putting another $18B worth of AIG stock on the block, as observers recently anticipated. AIG plans to buy up to $5B worth of the shares at the IPO price. [View news story]
No QE3: What To Do Now With Gold, Silver, Stocks, Bonds, Forex And Commodities [View article]
Market Running On Fumes, Prepare Your Exit Strategy [View article]
in the open markets while at the same time the fed is putting
all the mbs and other junk the banks have on their books on
the feds balance sheet to be paid off by the us tax payer
along with the looting of we the peoples savings through devaluation.
at what point do we the slaves call it treason?
Exelon: Potential Dividend Cut May Be Deeper Than You Expect [View article]
Fracked Water, Meet SmartSponge [View article]
and remind me again why we want to use up every ounce of resources we have while poisoning our ground water for all time?
ps the sponge sounds good
China's August HSBC PMI declines to 47.6 from 49.3 in July, and from the flash estimate of 47.8. It's the lowest print since the dark days of March 2009. The number falls into the "so bad it's good" category, with Shanghai, Hong Kong, and Sydney all reversing early losses to turn higher as thoughts turn to stimulus out of Beijing. S&P 500 futures, -0.5% earlier, now off 0.2%. [View news story]
Manufacturing sector operating conditions worsened at the sharpest rate in 41 months
tick tick boom!
One question that some have been asking is if JPMorgan (JPM) lost $2.3B, to whom did it lose all that cash? Investment firms such as BlueMountain and BlueCrest made ~$30M, the WSJ reports; one trader reckons that over a dozen hedge funds and banks profited by taking the other side of JP Morgan's trades. [View news story]
China's local government debt is "out of control," says Zhang Ke, head of a top Chinese accounting firm, and it could spark a bigger crisis than the U.S. property crash. He says his firm has mostly exited from the business of underwriting local government bond issues as the municipalities cannot service the debt they are taking on. "Things could become very serious." [View news story]
Haruhiko Kuroda - nominated to be next BOJ governor - ratchets up expectations for the central bank's first meeting under his leadership (April 3-4), telling parliament he will do whatever it takes to end deflation. Adding a bit of humor to his confirmation hearing, he says the BOJ's easing isn't aimed at weakening the yen. Dollar/yen -0.1% at ¥93.43. The NIkkei +0.7%. [View news story]
get physical
Several Theories To Explain Apple's Nosedive [View article]