Best Of The Best Share Discussion Threads

[apdi71] 04/12/2011 12:34

Max Keiser rant #218

Paulson's tip off to insiders of impending gse Fredy/Fannie failures, long interview with Icelander about failure to execute international arrest warrant on bankers who fled to London.

[jeff h] 01/12/2011 12:15

Dosh is in my account now.

[jeff h] 29/11/2011 15:00

Anyone received any cash in their accounts yet?

[philw2009] 29/11/2011 14:47

Best of the Best plc

("Best of the Best" or "the Company")

Exercise of Call Option

The Company has today exercised the call option in the Repurchase Agreement and has bought back 1,874,419 Ordinary Shares at a price of 63 pence per share.

The Company intends to cancel these Ordinary Shares along with 34,500 Ordinary Shares held in Treasury. As a consequence of such cancellation the issued share capital of the Company will be 9,372,100 Ordinary Shares. A further announcement will be made once the cancellation has been completed.

Terms used in this announcement shall have the meaning ascribed to them in the circular sent to Shareholders on 4 November 2011 unless otherwise stated.

[philw2009] 29/11/2011 14:47

Pretty gutted. Sold these at a loss a few months ago. Ho hum.

[traderabc] 25/11/2011 11:50

Congress Insider Trading

[traderabc] 25/11/2011 11:00

Whose Fuse is Shorter?
11/23/2011
By Peter D Schiff11/23/2011


With fiscal time bombs ticking in both Europe and the United States, the pertinent question for now seems to be which will explode first. For much of the past few months it looked as if Europe was set to blow. But Angela Merkel's refusal to support a Federal Reserve style bailout of European sovereigns and her recent statement the she had no Hank Paulson style fiscal bazooka in her handbag, has lowered the heat. In contrast, the utter failure of the Congressional Super Committee in the United States to come up with any shred of success in addressing America's fiscal problems has sparked a renewed realization that America's fuse is dangerously short.

[traderabc] 25/11/2011 10:46

KR214 – Corruptify

[traderabc] 24/11/2011 10:24

Why are there no protesters outside of the Fed Reserve and the Bank of England?


In London it's logistics, they wouldn't last long outside the B of E, St Pauls is one of the very few places they can survive over a day, most private and corporate property tends to be defended with police violence. You need 10 of thousands to occupy that particular space, and only get away with it for a day.

This did happen in 2009 with the G20 protests. I'd say a lot of them didn't understand the significance of the location. The occupy movement is far more aware of the Central banks role in the economic collapse, they are also aware that pitching tents outside there is not feasible, they'd need numbers they simply haven't got.

[traderabc] 24/11/2011 10:12

Goldman's Sigma X Hints Who The Next Contagion Target Is

Five months ago, when Italian yields were still tame in the 3% ballpark, and not 7% where they are today, we suggested that based on trading patterns and overall volume in Goldman's dark pool, Italy may be about to experience a "Greek episode." Days later we were proven right as Italian yields and spreads started their relentless move wider, with only those who had access to Sigma X being able to get an advance whiff of what was about to happen. Well today we are happy to report that the German diversion may have worked: the truth is that nobody appears to care about Germany. Instead what everyone does seem to care about, is the nation with the greatest combined debt (government, corporate and household) to GDP in the world. Yup. The UK.

As a reminder:

[elmfield] 23/11/2011 18:40

key themes still seems to be eluding the 99%, namely the role of Central Banks in this story. They have eluded the wrath of the 99% despite the very same personnel remaining in their jobs most notably Ben Bernanke and Mervyn King. Why are there no protesters outside of the Fed Reserve and the Bank of England?



But the purpose of this reprint is also to highlight to investors that the extreme levels of social stress we predicted two years ago in the west (Japan's high levels of equality served its society well during its lost decade) will result in unelected central bankers playing a key role in how this crisis plays out. The valid fear of social disintegration will, we think, increase the pressures on the central banks to print and print and print. And where they do not, as still seems possible in the eurozone, do not be surprised if total social disintegration and default emerge as the ultimate end game.

[traderabc] 23/11/2011 18:34

Shock: 100 Million Americans In Poverty or Right on the Edge Mac Slavo
November 21st, 2011
SHTFplan.com


We can play these "recovery" games in the media all we want, but the truth is starkly different from what our benevolent leadership would have us believe.

If the abhorrent unemployment numbers, the nearly 50 million on government food assistance, dwindling savings accounts, collapsing real estate values, and negative economic growth (when adjusted for inflation) are not enough to convince you that we are in a long-term depressionary cycle, then maybe these latest statistics of "near poor" Americans will:

[traderabc] 23/11/2011 15:35

17 Quotes About The Coming Global Financial Collapse That Will Make Your Hair Stand Up




The Economic Collapse
November 22, 2011

Is the world on the verge of another massive global financial collapse? Yes. The western world is drowning in an ocean of debt unlike anything the world has ever seen before, and our financial markets are gigantic casinos that are dependent on huge mountains of risk and leverage remaining very stable. In the end, this house of cards that has been built on a foundation of sand is going to come crashing down in a horrifying manner. Usually in this column I go on and on about why things will soon get much worse. But today I am going to take a bit of a break. Today, I am going to let some of the top financial professionals in the world tell you why things will soon get much worse. Many of the quotes that you are about to read just might make the hair on the back of your neck stand up. Most people out there have no idea what is about to happen. Most people out there are working hard and are busy preparing for the holidays and they are hopeful that the economy will turn around soon. But that is not going to happen. We are heading for another major global financial collapse, and when it happens the U.S. economy is going to get even worse.

The epicenter for the coming global financial collapse is almost certainly going to be in Europe. As you will see below, financial professionals all over the world are sounding the alarm about Europe. It is a disaster that everyone can see coming but that nobody seems to be able to prevent.

Of course the failure of the "supercommittee" in the United States certainly is not helping matters. There is already talk that we may soon see another downgrade for U.S. debt. It is hard to even describe how incompetent the U.S. Congress is.

There is a tremendous lack of leadership both in the United States and in Europe right now. The financial world is more interconnected than ever before, and when the financial dominoes start to fall it is going to take a miracle to keep a complete and total disaster from unfolding.

So when the time comes, who is going to step forward and provide that leadership?

That is a really, really good question.

Right now, panic and fear are spreading like wildfire in the financial world and nobody knows for sure what is going to happen next.



But one thing is for certain. Pessimism is growing stronger by the day.

The following are 17 quotes about the coming global financial collapse that will make your hair stand up....

[traderabc] 23/11/2011 15:13

[KR213] Keiser Report – 'First Call' For The Big, Blonde Hair & Shiny Teeth

[traderabc] 22/11/2011 11:08

Here You Go: It's Over

Karl Denninger
Market Ticker
Nov 22, 2011

We're done folks.

CNBC is reporting that there are now clients running out of the markets entirely because they do not believe their customer funds are safe.

That's the end of it. The belief that there are more MF Globals has now taken hold. The thieves have pushed it too far and now we've got the start of a global liquidity run, and with good reason.

The authorities both in the regulatory side and on the prosecutorial side have refused to put a stop to the thievery and now the risk factors have turned into realized risk.

The market is done folks. You can be right but if you make your bet in the markets, are right, and then get screwed anyway when someone steals the money and nobody goes to jail there comes a time when people begin to understand that it can happen to them and will unless they depart the market.

We're there folks.

[traderabc] 22/11/2011 10:32

Finally, a Judge Stands up to Wall Street

POSTED: November 10, 10:07 AM ET


Federal judge Jed Rakoff, a former prosecutor with the U.S. Attorney's office here in New York, is fast becoming a sort of legal hero of our time. He showed that again yesterday when he shat all over the SEC's latest dirty settlement with serial fraud offender Citigroup, refusing to let the captured regulatory agency sweep yet another case of high-level criminal malfeasance under the rug.

[traderabc] 21/11/2011 12:18

[KR212] Keiser Report: Vampire Banker Hunter

We discuss the 'tiny rule changes' and the Zombiebankland behind the collapse of MF Global. Meanwhile, in Pennsylvania, a Keiser-Celente 2012 bumper sticker spotted! In the second half of the show, Max Keiser interviews Barry Ritholtz about the big lie that bankers did not cause the crisis and what MF Global means to the markets.

[traderabc] 19/11/2011 13:45

Friday, November 18, 2011
Jim Rogers: if Obama loses Bernanke is gone


Jim Rogers : If Obama wins Bernanke will stay , if Obama loses Bernanke is gone ,may be wrongly they will keep him , I do not think any of the rest of them will keep Bernanke he certainly has not been good for America Everything he has done in Washington over the past seven or eight years has been totally wrong and a total disaster and he has never been right about anything,CNBC should do a study about all the times he has been wrong in the past 7 years ....

[traderabc] 19/11/2011 13:35

Britain 'will join euro before long', says German finance minister




Bruno Waterfield,
London Telegraph
November 19, 2011

Britain will have to abandon the pound and join the single currency "faster than people think", Germany's finance minister has said.

Wolfgang Schäuble said that, despite the current crisis in the eurozone, the euro will ultimately emerge as the common currency of the entire European Union. He said he "respects" Britain's decision to keep the pound, but insisted that the survival and eventual stabilisation of the euro will convince non-members to join the currency club. "This may happen more quickly than some people in the British Isles currently believe," he added.

Mr Schäuble also said Germany will stand firm on its call for a financial transaction tax that Britain believes would badly harm the City of London.

Fears over the eurozone crisis saw stock markets fall again yesterday. The FTSE 100 closed down 1.1 per cent. French and German shares also fell.

Meanwhile, a leaked document seen by The Daily Telegraph yesterday showed Berlin has drawn up radical plans for an intrusive new European body which will be able to intervene directly in beleaguered countries.

[traderabc] 18/11/2011 11:19

"Never be afraid to raise your voice for honesty and truth and compassion against injustice and lying and greed. If people all over the world would do this, it would change the earth."
-William C. Faulkner

[traderabc] 18/11/2011 10:57

The next financial crisis will be hellish, and it's on its way




Addison Wiggin
Forbes.com
Thursday, November 17, 2011

"There is definitely going to be another financial crisis around the corner," says hedge fund legend Mark Mobius, "because we haven't solved any of the things that caused the previous crisis."

We're raising our alert status for the next financial crisis. We already raised it last week after spreads on U.S. credit default swaps started blowing out. We raised it again after seeing the remarks of Mr. Mobius, chief of the $50 billion emerging markets desk at Templeton Asset Management.

Speaking in Tokyo, he pointed to derivatives, the financial hairball of futures, options, and swaps in which nearly all the world's major banks are tangled up.

Estimates on the amount of derivatives out there worldwide vary. An oft-heard estimate is $600 trillion. That squares with Mobius' guess of 10 times the world's annual GDP. "Are the derivatives regulated?" asks Mobius. "No. Are you still getting growth in derivatives? Yes."

[traderabc] 18/11/2011 10:43

[KR211] Keiser Report – Simple Thieves & Honest Graft

We discuss simple thieves and honest graft. In the second half of the show, Max Keiser interviews Mike 'Mish' Shedlock about the European debt crisis and the MF Global missing funds crisis.

[traderabc] 17/11/2011 18:49

Interview.

Peter Schiff - President & Chief Global Strategist:

[traderabc] 17/11/2011 18:36

Accumulate Gold

Richard Russell snippet
Dow Theory Letters
Posted Nov 17, 2011

November 16, 2011

Day after day, everyone asks whether gold has topped out. Nobody ever asks whether the market has topped out. Think about it, we're in a low inflation, low investor fear environment, a dollar that appears to have bottomed and is now firming, and still gold holds above 1700 an ounce. This is a remarkable performance aided by heavy buying of gold in China, India, and Asian nations. But what happens when we hit the inevitable inflation; when investors' fears are on the rise. To conclude, gold is holding well in an environment that is not bullish for gold, but in due time, the environment will turn highly bullish for the yellow metal. Do not time your gold purchases. Simply continue to accumulate gold. The skyrocketing phase lies ahead. Maybe 1-3 years ahead.

[coincall] 17/11/2011 11:40

OK, but that's only $48,860 for each person!