Best Of The Best Share Discussion Threads

[traderabc] 15/3/2012 16:26

[KR262] Keiser Report – Yoghurt Kamikazes!

[traderabc] 15/3/2012 12:18

TSUMAMI OF RESIGNATIONS CONTAINED WITH IN K8 FILINGS ON EDGAR DATABASE


Massive Wave of Resignation (Part V): The New Bandwagon!

I urge you to read his work before preceding further in this thread.

If true, a huge exodus of the top brass from the financial sector would mean.... well, I am not sure, but it sure seems important. Upon reading his work, there was always the nagging thought in the back of my mind that, "Maybe there aren't more resignations, it just seems that way because either (a) the media are reporting on them more frequently or (b) we are just paying more attention." This thought has been raised in each of his updates, but nobody seemed to be able to quantify what is a reasonable number of resignations.

[traderabc] 15/3/2012 10:38

J.P. Morgan Chase's Ugly Family Secrets Revealed

POSTED: March 13, 9:18 AM ET

In a story that should be getting lots of attention, American Banker has released an excellent and disturbing exposé of J.P. Morgan Chase's credit card services division, relying on multiple current and former Chase employees. One of them, Linda Almonte, is a whistleblower whom I've known since last September; I'm working on a recount of her story for my next book.

One of the things we were promised by the lawmakers who passed the Dodd-Frank reform bill a few years back is that this would be a new era for whistleblowers who come forward to tell the world about problems in our financial infrastructure. This story now looms as a test case for that proposition. American Banker reporter Jeff Horwitz did an outstanding job in this story detailing the sweeping irregularities in-house at Chase, but his very thoroughness means the news may have ramifications for Linda, which is why I'm urging people to pay attention to this story in the upcoming weeks.

[traderabc] 15/3/2012 10:26

He's done a few articles since last time.

Ned W Schmidt CFA

[049balt] 15/3/2012 10:19

Anything from Agri-thoughts?

[traderabc] 15/3/2012 10:17

This is amazing, Greenspan actually was against perusing financial fraud, the fool thought the 'market' would 'deal' with it, and in a way that's exactly what happened.

FRONTLINE: The Warning - PART 1

[traderabc] 14/3/2012 19:30

Peter Schiff – Lew Rockwell – 09 March 2012

[traderabc] 14/3/2012 19:17

MEP Nigel Farage
Wednesday, March 14, 2012

[masurenguy] 14/3/2012 18:31

In the real world even Bruce Springsteen has a better chance of being elected President than Ron Paul !

[traderabc] 14/3/2012 18:13

Ron Paul's Economic Platform Cheered by 'Black Swan' Author

"Only one candidate, Ron Paul, is saying the right things for the issues we are facing." – Nassim Taleb

[traderabc] 14/3/2012 17:57

Wednesday, March 14, 2012
Jim Rogers : Gold below $1,600/oz is an interesting Buy

Jim Rogers : I'm certainly watching, if it goes below $1,600 I'm sure I'll buy more. If it goes to $1,200 I hope I'm smart enough to buy a lot more. Gold has been up 11 years in a row now, which is extremely unusual for any asset. So it would not surprise me if gold doesn't ... continue to have a nice correction in 2012. If it does, if it does, I hope I'm smart enough to buy a lot more. I'm not selling. I'm not selling. I have not sold and will not sell until the bubble comes. There will be a bubble in gold some day but that's ten years, I don't know, several years from now. I hope I'm smart enough to sell when the bubble comes. - in businessinsider

[traderabc] 14/3/2012 17:43

Eurocrats Carry On Up The Khyber, Determined and Delusional, says Farage

[traderabc] 14/3/2012 14:54

Bill Black: US Promotes Flawed Economic Dogma that Encourages Fraud and Needlessly Perpetuates a Pattern of Recurring and Intensifying Financial Crises

Bonnie Faulkner

Bonnie Faulkner interviews former bank regulator, William K. Black. There is more to this 1-hour interview than what is contained in these notes. Audio of the interview is available following this text.

On banks' traditional role as middleman: Some banks do very useful things for the world. According to economic theory, banks act as a middleman. Banks take savings, accumulate money, make loans to companies to invest productively... Middlemen serve a very useful purpose, but should not be very big and should not make a lot of money... based on the efficiency principal.

On what has happened to our elite financial institutions: In the world we live in, finance has become the dog instead of the tail. In the USA, 30% to 40% of all profits in business come from the financial sector. They have become a parasite... They weaken the economy. Overall, finance has lost its way - in an immensely destructive way. Why is it that our most elite institutions are our worst institutions? Why are our most elite institutions the ones that time after time violate the law and cause recurrent intensifying crises?





How funny, the bbc linking to it.

[traderabc] 14/3/2012 14:26

Why I Am Leaving Goldman Sachs
By GREG SMITH



TODAY is my last day at Goldman Sachs. After almost 12 years at the firm - first as a summer intern while at Stanford, then in New York for 10 years, and now in London - I believe I have worked here long enough to understand the trajectory of its culture, its people and its identity. And I can honestly say that the environment now is as toxic and destructive as I have ever seen it.



To put the problem in the simplest terms, the interests of the client continue to be sidelined in the way the firm operates and thinks about making money. Goldman Sachs is one of the world's largest and most important investment banks and it is too integral to global finance to continue to act this way. The firm has veered so far from the place I joined right out of college that I can no longer in good conscience say that I identify with what it stands for.

[traderabc] 13/3/2012 15:32

The world, according to investor Jim Rogers

Investor Jim Rogers offers sage advice on making money in the future - and he's been retired since he was 37
By Mick O'Reilly, Senior Associate Editor
Published: 00:00 March 13, 2012

[traderabc] 12/3/2012 10:29

[KR260] Keiser Report: Hackers & Pirates – true GDP boosters

[traderabc] 10/3/2012 12:11

He's talking like Roger and Paul.


Eurobonds are on the way: watch your wallets

[traderabc] 09/3/2012 17:11

Jim Sinclair
Friday, March 9, 2012

[traderabc] 09/3/2012 15:26

10 Quotes From The Always Charming Commodities Guru Jim Rogers

[traderabc] 09/3/2012 15:08

No, the UK should plan for Sterling collapse.



Security: UK 'must plan for euro collapse'


BBC
March 9, 2012

Ministers should draw up plans to deal with a break-up of the eurozone "as a matter of urgency", a committee of MPs and peers has warned.

The joint committee on the government's National Security Strategy (NSS) said the full or partial collapse of the single currency was "plausible".

It said political unrest and a rise in economic migrant numbers could result.

"Long-term security" is at the heart of foreign policy thinking, the government said in response.

The committee, whose members include ex-MI5 director general Baroness Manningham-Buller, said economic instability could leave the UK "unable to defend itself".

[traderabc] 09/3/2012 14:04

Friday, March 9, 2012
Jim Rogers All The China Bears Are Wrong
Jim Rogers All The China Bears Are Wrong
Jim Rogers : Not quite sure. If you mean the people who say China is going to explode. Those guys have been saying that for three years. I guess someday they'll be right. So far they've been dead wrong, for years. There will be setbacks in China along the way. In America in the19th century we had 15 depressions with a capital "D," we had no human rights, we had not much rule of law, (and we) had a horrible civil war, yet we became the most successful country in the 20th century. China is going to have plenty of setbacks but what these guys are mainly missing is China has been in decline for three or four hundred years but started turning it around in 1978. And there's a long history of entrepreneurship, capitalism, they have the brains, they have the know-how, there are many overseas Chinese who will bring back money and management ability. And the Chinese have a very, very high savings rate. They save over 35 percent of their income and so even if they start going off, they've got something to fall back on, as opposed to America and the rest of the world. There was a housing bubble in urban, coastal real estate, which the government has popped purposely, I mean they knew what they were doing. But as far as, I mean Jim Chanos, says it's going to be a thousand times worse than Dubai. Well that shows he doesn't understand Dubai, and he doesn't understand China. Now I've told him this to his face though, so I'm not talking behind his back. China is vastly different from Dubai, vastly. - in businessinsider

[traderabc] 08/3/2012 13:27

[KR259] Keiser Report: Sharkboy & Lava Girl

[traderabc] 08/3/2012 13:19

Jim Rogers - Goldseek Radio - 06 March 2012