Best Of The Best Share Discussion Threads

[traderabc] 17/6/2009 22:39

I don't understand this.



US banks pay back bail-out cash

Ten banks have been allowed to pay back Tarp money


US banks have started to pay back money borrowed through the government's Troubled Asset Relief Program (Tarp).

Morgan Stanley, US Bancorp and BB&T have returned $10bn (£6.1bn), $6.6bn and BB&T $3.1bn respectively.

More banks are likely to make payments on Wednesday. Goldman Sachs has said it is ready to repay its $10bn loan.

Ten banks got government approval to repay the loans last week, but Wednesday is the first day they are allowed to make the repayments.

Before being allowed to pay back money, the banks had to be able to show that they were able to raise cash privately, without government intervention.

The other banks allowed to pay back the money were JPMorgan Chase, American Express, Capital One, Bank of New York Mellon, State Street and Northern Trust.

"Real stability can return return only if our industry accepts that certain practices were unhealthy and not in the long-term interests of individual institutions and the financial system, as a whole," said Lloyd Blankfein, Goldman's chief executive, in a letter given to congressmen and senators.

By repaying the funds, the banks will no longer have to pay dividends to the government or limit pay and bonuses.

[traderabc] 17/6/2009 17:22

Wednesday, June 17, 2009
BRICs look for more diversity in reserve currencies

The world 's major emerging economies the BRIC nations Brazil Russia India and China are looking at buying each others bonds, and a greater IMF role, to minimize reliance on the U.S. dollar

[traderabc] 16/6/2009 12:49

Some good comment here.

Monday, June 15, 2009
which Currencies make a good Investment by Jim Rogers

What Currencies present the best chance for making Money ?:

[traderabc] 16/6/2009 12:28

China lends Shanghai group $10bn


China will extend a $10bn (£6bn) loan to Russia and four Central Asian states to help them in the financial crisis, Chinese President Hu Jintao has said.

Speaking at a summit of the Shanghai Cooperation Organisation (SCO) in the Russian city of Yekaterinburg, he said China would help member states.

The group includes Kazakhstan, Uzbekistan, Kyrgyzstan and Tajikistan.

Yekaterinburg is also hosting a meeting of the world's four emerging economies - Brazil, Russia, India and China.

The so-called Bric countries are meeting for the first time to discuss ways to improve the global economy.

[i_hopi] 15/6/2009 12:37

'US Dollar rises as Russia affirms support'.

Poor traderabc ... does ANYTHING EVER go right for him? :o)

[traderabc] 14/6/2009 17:40

The History of the Financial Crisis


Washington’s Blog
Sunday, June 14, 2009

Here are a few quotes which may explain at least part of what’s going on financially:

[traderabc] 14/6/2009 17:37

Government Is Out To Make You Poor


Marc Faber
Lew Rockwell.com
Friday, June 12, 2009

I seldom become depressed, but when I consider that prosperity is created by “peace, easy taxes and a tolerable administration of justice” I really think that the U.S. and other Western governments are doing their very best to impoverish their countries.

A friend of mine, Michael Berry, whose missives I always read, could not have phrased this better than in “Importance of the Individual,” a recent report in which he quotes Milton Friedman (whose views I fully share in this particular instance) in an interview with Phil Donohue.

[traderabc] 14/6/2009 12:37

And this.

Chinese shops feel the pinch of the Economical Crisis
Despite a booming economy, the financial crisis has exposed China's overdependence on exports to maintain its growth

[traderabc] 14/6/2009 11:44

'Come on admit it you are Jim Rogers,'

Very funny monty, I think JR has better things to do then post on ADVFN.
How about you admitting that you followed a JR trade and got burned because you were going for a short term return?
While you are at it you could also admit JR is a longer term player and has an outstanding record.

I don't need to debate about that FACT, like it says in the header, several years ago I went to a financial conference where he was the main speaker, he said there would be commodity wars, the $ would get killed, commodities would go through the roof, and China would grow massively. As we all know that is exactly what happened over the ensuing years.


Even if your claim that J.R just talks his own book is true, you should be able to openly admit that the vast majority of his calls were/are completely correct.

Anyway what's so wrong with talking your 'own book' ? That's all I ever do here on ADVFN, talk about what I genuinely believe in, and where I have put my own money, isn't that the idea behind this forum? Share info and opinion?

[traderabc] 13/6/2009 15:48

Audit the Fed Update

[traderabc] 13/6/2009 10:59

The Bush Doctrine, Economic
Warfare and Your Investment Portfolio
by Rob Kirby | June 12, 2009
Print

Let us be clear, that in the aftermath of 9/11, American policy vis-à-vis its relations with the rest of the world changed forever under the aegis of the Bush Doctrine:

[traderabc] 13/6/2009 10:46

Read this Dutch Alert.

'Readers of lemetropolecafe.com are already aware that back in April 2006 I formulated and publicized a theory that China was quietly shifting from dollar-denominated Treasury assets into commodity stockpiles.'


China's New Commodity Hoard
by Jennifer Barry, GlobalAssetStrategist.com | June 12, 2009
Print

In April, China announced that it purchased 454 metric tons of gold over the past six years. However, gold isn’t the only metal the Chinese have been buying. According to Michael Gaylard of Freight Investor Services, “They are building up some stockpiles right across the commodity spectrum, from base metals to coal.”

[traderabc] 13/6/2009 10:17

hybrids and electric cars will put gasoline-powered vehicles in museums said Jim Rogers

[bamboo2] 12/6/2009 23:23

The Futureheads - Hounds of Love [with guitar chords]




A E
When I was a chi ld:
F#m
Running in the n ight,
D A
Afraid of what might be
E
Hiding in the da rk,
F#m
Hiding in the st reet,
D F#m E
And of w hat was following me...
D
E F#m E
Now hounds of lo ve are hunting.
D
E F#m E
I've always been a coward,
D
E F#m
And I don't know what's good for me.
A
Here I g o!
E F#m D
It's coming for me through the t rees.
A E
Help me, someone !
F#m D
Help me, please!
A E
Take my shoes of f,
F#m D
And throw them i n the lake, and I'll be
A
E F#m D
Two step s on the water.
A E
I found a fox
F#m
Caught by dogs.
D A
He let m e take him in my hands.
E
His litt le heart,
F#m
It beats so fast,
D A
And I'm ashamed of running away
E
From nothing rea l--
F#m
I just can't dea l with this,
D F#m E D
But I'm still afraid to be there ,
E F#m E
Among your hound s of love,

D
E F#m E
And feel your ar ms surround me.
D
E F#m E
I've always been a coward,
D
E F#m
And never know w hat's good for m e.
A
Oh, here I go!
E F#m
Don't let me go!
D A
Hold me down!
E F#m D
It's com ing for me throu gh the trees.
A E
Help me, darling ,
F#m D
Help me, please!
A E
Take my shoes of f
F#m D
And throw them i n the lake,
A
And I'll be
E F#m D
Two steps on the water.
A E
I don't know wha t's good for me.
F#m
I don't know what's good for me.
D A
I need your love love love love love, ye ah!
E
F#m D
Your lov e!
A E
Take your shoes off
F#m D
And throw them i n the lake!
A E
Do you know what I reall y need?
F#m
Do you know what I reall y need?
D A
I need l ove love love love love, yeah!


who really knows what kate bush had on her mind when she wrote this song all those years ago?

[traderabc] 12/6/2009 18:32

Jim Rogers On Today Show 6.12.09

[traderabc] 12/6/2009 12:31

jim Rogers see opportunities in post War Sri Lanka

[i_hopi] 11/6/2009 19:50

It's time Tim retired gracefully.

Has he got ANYTHING right lately?

[traderabc] 11/6/2009 13:48

Jim Rogers the Century of Asia

[traderabc] 11/6/2009 13:12

Nobel Economist: Government’s Response is WORSE than Socialism

Washington’s Blog
Thursday, June 11, 2009

Nobel prize winning economist Joseph Stiglitz says that the government’s response to the financial crisis is worse than socialism: