Best Of The Best Share Discussion Threads

[traderabc] 12/5/2011 20:21

The People vs. Goldman Sachs
A Senate committee has laid out the evidence. Now the Justice Department should bring criminal charges



By
Matt Taibbi
May 11, 2011 9:30 AM ET

They weren't murderers or anything; they had merely stolen more money than most people can rationally conceive of, from their own customers, in a few blinks of an eye. But then they went one step further. They came to Washington, took an oath before Congress, and lied about it.

Thanks to an extraordinary investigative effort by a Senate subcommittee that unilaterally decided to take up the burden the criminal justice system has repeatedly refused to shoulder, we now know exactly what Goldman Sachs executives like Lloyd Blankfein and Daniel Sparks lied about. We know exactly how they and other top Goldman executives, including David Viniar and Thomas Montag, defrauded their clients. America has been waiting for a case to bring against Wall Street. Here it is, and the evidence has been gift-wrapped and left at the doorstep of federal prosecutors, evidence that doesn't leave much doubt: Goldman

[traderabc] 12/5/2011 14:19

Preparing for a Market Crash

by Rick Ackerman on May 12, 2011 1:25 am GMT · 12 comments

We told subscribers to short the S&P futures yesterday, and although we'd ordinarily use a tight trailing stop because the trade flouts a 26-month uptrend, this time we intend to loosen up and let our profits run. For if the so far puny blip in the US dollar has caused commodities to plunge, and for stocks, finally, to give way, imagine what will happen if the dollar really takes off, causing a cosmic-sized carry-trade unwind as swift and lethal as a cobra strike. With a big spike in the dollar, silver would assuredly be trading in the mid-$20s; copper, below $2.50; gold at $1200, T-Bond yields, well below at 4%; and the Dow, at 8000 or less. And remember: We're not in Kansas any more. Corrections that used to take months or even years to run their course now play out in mere weeks. Nor can we rule out the possibility of a flash crash inundating the global financial system in the space of an hour or two. But even if nothing so dire seems likely, traders should nevertheless remain open to the possibility that the market crash – the Big One we've all known was coming ever since the Svengalis at the Fed "fixed" the banking system - has indeed begun.

[traderabc] 12/5/2011 13:20

Sadly not all farmers are doing well, even with this huge commodity bull market.

Last 10 mins.

"Every 30 Minutes": Crushed by Debt and Neoliberal Reforms, Indian Farmers Commit Suicide at Staggering Rate

A quarter of a million Indian farmers have committed suicide in the last 16 years-an average of one suicide every 30 minutes. The crisis has ballooned with economic liberalization that has removed agricultural subsidies and opened Indian agriculture to the global market. Small farmers are often trapped in a cycle of insurmountable debt, leading many to take their lives out of sheer desperation. We speak with Smita Narula of the Center for Human Rights and Global Justice at New York University Law School, co-author of a new report on farmer suicides in India. [includes rush transcript]

Last 10 mins

[traderabc] 12/5/2011 08:45

Thanks apdi71, good interview, I really hope the 'government' does listen to to the good Judge and Jim, but we never see any evidence of that.
I really liked the continuation of the video with the Democrat Powers almost coming out in support of Ron Paul.
Finally almost every American must have at least have heard of Dr Paul, sure they may be manipulated to write him off as a 'nut' but at least they are getting the chance to hear some sense from someone who is the real deal saying it as it is.They can never claim they didn't know or weren't warned.

[apdi71] 10/5/2011 18:17

Jim Rogers on Fox, 9 minutes or so in:



also here:



Jean Claude Juncker, the PM of Luxembourg, and the head of the Eurogroup council of eurozone finance ministers, believes lying to the press improves confidence in their Euro management:

[traderabc] 10/5/2011 12:13

Kudlow - Jim Rogers Still Long Commodities 5/9/2011

[traderabc] 10/5/2011 09:21

Max violating the sanctity of a 'family show'.

Max Keiser last night on oymIreland.com radio – all 7 pts

[traderabc] 10/5/2011 09:12

Warren Buffett and the Boys of Wall Street

Janet Tavakoli
President, Tavakoli Structured Finance



Buffett's Gentle Treatment by the Financial Press

It's easy to like Warren Buffett; he's a relief in comparison. No financier has as long a track record or has garnered so much good press for so long as Warren Buffett, the CEO and largest shareholder of Berkshire Hathaway. His language and business demeanor has been exemplary, and his public statements against malfeasance and hubris have been a welcome oasis in a business riddled with multi-decade frauds and scandals. He's been the rock star of the financial world.

It's as if there was a pact among the financial press to overlook foibles as long as no scandal could be directly tied to Warren Buffett's actions. Suddenly that's changed.

[traderabc] 09/5/2011 10:53

JIM ROGERS ON COMMODITIES: The Bull Market Will Go Up, Consolidate, Go Up, Consolidate, Go Up And Consolidate For Years
Gus Lubin | May 7, 2011, 8:56 AM



Jim Rogers didn't buy or sell anything during last week's commodity sell-off.


He says he isn't good at market timing. What he does believe is that we're in the middle of a commodity bull market where everything will go up for years.

Rogers tells the Economic Times:

[traderabc] 09/5/2011 10:33

I think this is a new one.

Interview Jim Rogers Singapore deel 1

39 mins.

[traderabc] 09/5/2011 10:27

Rogers: 'Het wordt nog veel erger.'

[traderabc] 07/5/2011 13:25

Obalt good to hear someone is doing well out there during these uncertain economic times.

[049balt] 07/5/2011 13:13

trader, farmers here are in great form these days, cattle prices are up an average about 250 euro a heard and the weather is great!

[traderabc] 07/5/2011 13:04

Lol! (in a rather sad way)

U.S. National Debt Grows To Large For National Debt Clock

[traderabc] 06/5/2011 11:44

Thursday, May 5, 2011
most people dont bother even doing the basic homework
most people dont bother even doing the basic homework
4
"The best advice I ever got was on an airplane. It was in my early days on Wall Street. I was flying to Chicago, and I sat next to an older guy. Anyway, I remember him as being an old guy, which means he may have been 40. He told me to read everything. If you get interested in a company and you read the annual report, he said, you will have done more than 98% of the people on Wall Street. And if you read the footnotes in the annual report you will have done more than 100% of the people on Wall Street. I realized right away that if I just literally read a company's annual report and the notes -- or better yet, two or three years of reports -- that I would know much more than others. Professional investors used to sort of be dazzled. Everyone seemed to think I was smart. I later realized that I had to do more than just that. I learned that I had to read the annual reports of those I am investing in and their competitors' annual reports, the trade journals, and everything that I could get my hands on. But I realized that most people don't bother even doing the basic homework. And if I did even more, I'd be so far ahead that I'd probably be able to find successful investments." – Jim Rogers

[traderabc] 06/5/2011 11:38

pt 1/3 Jim Rogers on CNBC 5_5_11 _ Where is the Oil_.flv

[traderabc] 05/5/2011 11:31

RidleyReport Mirror

[traderabc] 04/5/2011 20:08

The EUR Is Dead, Long Live Its Replacement - The Asian RMU

In what could be the watershed news event of 2011, Dow Jones reports that Asean+3 governments (virtually every Asian country including China, Japan and South Korea), "have been concretely studying the idea of a common currency, though an internal paper shows anything like a euro for the region is still far off." In what appears to be Asia's attempt to recreate the Euro, "an Asian "regional monetary unit" could provide a helpful macroeconomic monitoring tool and its use could in time be expanded to include official and private transactions, according to a study by a high-level research group reporting to Asian officials."

[traderabc] 03/5/2011 14:08

Keiser Report: Meets Schiff Report 3.0 (E143)

[traderabc] 03/5/2011 09:06

Sunday, May 1, 2011
I am still optimistic about agriculture

Jim Rogers : I am still optimistic about agriculture. Prices are up, but they are not up near enough to bring new investment capital into agriculture. We have a shortage of farmers developing around the world. We have shortages of everything in agriculture.
The average age of farmers in some agricultural states in the US is 58-year old. In 10 years if they are still alive, they will be 68-year old. In parts of Japan, there are huge vast empty fields because there is nobody to farm. We have serious problems facing us. Prices have to go much higher in order to attract people into agriculture and to attract capital.
in ET Now interview




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Monday, May 2, 2011
I mainly buy the Rogers Agricultural Index

Jim Rogers : I own all the agriculture products. They are all going to go higher. I mainly buy the Rogers Agricultural Index which has 21 agricultural products. So I own them all.

in ET Now