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  • With just a few days to go before the deadline, the congressional supercommitee appears headed for failure - further proof the U.S. government just can't function, and another blow for business confidence. Gallup's Frank Newport: "I think the reaction of the public... will be even more negative, not just about the government but their confidence in the economy in general.”  [View news story]
    The reaction of the public needs to be extremely negative and extremely loud. And....come November next year, we need to throw out all the bums who have been in the House more than 4 terms and in the Senate more than 2 terms.
    Nov 18 05:50 PM | 9 Likes Like |Link to Comment
  • In his first public speech as ECB chief, Mario Draghi - under enormous pressure to unleash a wave of euros over the continent - tells the EU to get busy, noting it's been 18 months since the summit that created the EFSF, four months after it was expanded, and four weeks after leverage was introduced (remember those rallies?), and the thing still isn't ready to go. "Where is the implementation of these longstanding decisions?"  [View news story]
    Man those guys in the EU and ECB can talk up a storm can't they?

    Seems like all politicians and bankers are alike. They don't act in a crisis until half of the population has fallen over the edge of the cliff and is racing to splatter at the bottom.
    Nov 18 05:47 PM | 1 Like Like |Link to Comment
  • Personal Transportation...America's Real Addiction [View article] are right. The hypocrisy of this liberal green think is demonstrated by the Al Gores, Nancy P's and probably even the author above. The Oxford Club (author's affiliation) exclusive private investors probably have no problem with themselves owning private transporting and using it to the max.
    Nov 18 05:37 PM | 3 Likes Like |Link to Comment
  • Why You Should Short Silver Now [View article]
    "If it can’t climb higher, then silver buyers will get frustrated and liquidate positions."

    Really.....What I own in silver I will keep, regardless of whether silver climbs higher or goes lower. In fact.....many holders will increase physical ownership on any price fall.
    Nov 18 04:24 AM | 5 Likes Like |Link to Comment
  • Despite the insistence of its president, German officials, and the mere fact that it's probably illegal, the ECB is likely to wind up monetizing peripheral' sovereign debt anyway, predicts CNBC's Steve Liesman. How? By stepping in under the auspices of preserving price stability in the face of deflationary threats from sovereign defaults. A bit of a stretch? Maybe, but it's the only viable alternative, Liesman says, they simply have to do it.  [View news story]
    Bouchart....right on.... Shouldn't a cup of coffee or a glas of wine or a house cost you less in Greece or Spain or Italy? If such prices were a reflection of their economic situation, then perhaps there would be capital flows to those countries to like dollars flow to China.
    Nov 18 03:24 AM | Likes Like |Link to Comment
  • Personal Transportation...America's Real Addiction [View article]
    I wouldn't even mind driving a golf cart to the store like in Sun City, AZ or St. George, Utah. Happy to consider that.....just don't make me compete with large cars in the same lane.
    Nov 18 03:20 AM | Likes Like |Link to Comment
  • Personal Transportation...America's Real Addiction [View article]
    "But there are other things we need to do. We need to re-invest in public transportation."

    Sorry......but it never ceases to amaze me how little ridership I see in public transportation modes such as busses or light rail. My recollection is that all are massively subsidized. My personal experience is that one could have given ever rider of public transportation a new car for what it cost in capital to put the infrastructure in place. We do not have the population density in very many areas of the US to support public transportation.

    In Shanghai and Hong Kong.....where I have been a number of times....the public use public transportation.
    Nov 18 03:18 AM | 2 Likes Like |Link to Comment
  • Is Germany Going Down With The Ship? [View article]
    "On Friday, the markets cheered the new governments (if not exactly new faces) taking charge of Italy and Greece. Now that optimism is ancient history."

    Ancient history after one right you are. The banksters promoting the story want to build everyone's confidence in the defunct financial system. Their game is to build confidence to keep the scam running. That's why I call it a "confidence" game or a "con" game.

    Fiat systems are a "con" game. Who in their right mind would consider a new face in Greece or Italy as a possible "savior" to a system that is nearly flat lined. Until some underlying fundamental is's still a race to the bottom.
    Nov 18 02:59 AM | 1 Like Like |Link to Comment
  • Hey, Did Someone Say Central Banks Are Buying Gold? [View article]
    Gold will not be sold by CB's to pay for debts, but you can rest assured that gold, supposedly owned by sovereigns, has/will be sold so that it winds up in the hands of the "banksters" personally. It's long been my contention that sovereigns who "supposedly" own gold are being tricked out of their ownership in such a way that the physical gold will all be gone and will be stored in someone's private vault. So when they talk about "Fort Knox", and going to audit.....they will find a big IOU laying on the floor, but will never find the gold. What happened to it is the same as what happened to the mortgages and the MERS data base that were bundled and sliced and diced as MBS. Ooops.....who really has title to that property? Unknown.
    Nov 18 02:53 AM | 4 Likes Like |Link to Comment
  • Our infrastructure is in crisis, and the federal government has to step up and do something to fix it, says former Pennsylvania governor Ed Rendell. Many of the problems aren't local, but regional in nature and need a federal approach. His big government fix? Create a National Infrastructure Bank and pass a transportation bill that will pump around $200B a year into the bank over the next 6 years to fund improvements. (video)  [View news story]
    Time to take the Trustees to court and send them packing to prison.
    Nov 18 02:25 AM | Likes Like |Link to Comment
  • Joint ECB / Fed Action? Forget About It. [View article] are right. The swaps are really currency related...but if the ECB doesn't really have the ability to create Euro's at will by printing, then there is a limit to the amount of Euros, the ECB can enter into a swap agreement with the Fed to provide dollar liquidity.

    We know the Fed can buy "toxic" assets if it wishes. So I guess I am just thinking out of the box....wondering if the Fed can buy some Euro debt??? That would be interesting....but other CB have purchased debt of other countries in EU, which is why there is concern over contagion. So.....could Fed get "creative" and buy some EU debt? Just wondering.
    Nov 18 01:55 AM | Likes Like |Link to Comment
  • If I Were A French Politician, Or An Idiot [View article]
    I come back to my comments from the past.....can anyone tell me anything the French have invented in the last 100 years?
    Nov 17 11:17 PM | 2 Likes Like |Link to Comment
  • We need to get off OPEC oil now, and we have the resources to do it, says T. Boone Pickens. Things are going fall apart in the Middle East, and soon. Saudi Arabia is on the brink, and at 9.7M bpd in production, if they come off line we'll be looking at oil prices around $300 - $500 a barrel. That risk, plus the trillions of dollars in cost savings we would get from pulling our military forces out of the region, Pickens says, more than justifies ramping up our own production at home. (video)  [View news story]
    Somehow I think super high priced oil will pretty much kill all economies.
    Nov 17 11:04 PM | 3 Likes Like |Link to Comment
  • Joint ECB / Fed Action? Forget About It. [View article]
    Bernanke and Fed have had swap lines open with ECB and will continue. I guess my question is if US swaps US Dollars/Debt for EU debt......and EU debt goes bad.....aren't we screwed too.
    Nov 17 11:03 PM | Likes Like |Link to Comment
  • Joint ECB / Fed Action? Forget About It. [View article]
    You mean when they get the claws deeply enough to demand a political union where they are in the drivers seat?
    Nov 17 01:50 AM | 1 Like Like |Link to Comment