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[traderabc] 02/4/2010 18:13

Looting Main Street
How the nation's biggest banks are ripping off American cities with the same predatory deals that brought down Greece



MATT TAIBBIPosted Mar 31, 2010 8:15 AM



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If you want to know what life in the Third World is like, just ask Lisa Pack, an administrative assistant who works in the roads and transportation department in Jefferson County, Alabama. Pack got rudely introduced to life in post-crisis America last August, when word came down that she and 1,000 of her fellow public employees would have to take a little unpaid vacation for a while. The county, it turned out, was more than $5 billion in debt - meaning that courthouses, jails and sheriff's precincts had to be closed so that Wall Street banks could be paid.

[traderabc] 01/4/2010 22:39

A good interview.

I am not investing anything at the moment says Jim Rogers

Jim Rogers interview with kingworldnews.com dated March 2010 , we gonna have food shortages down the road there is shortage in farmers fertilizers and land ...it is going to easier to get rich in agriculture in the next few decades , better be a farmer than be a stock broker
My main investments are commodity and currency oriented says Jim Rogers

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[traderabc] 01/4/2010 22:28

Max Keiser: News Appearance Changes the Debate in Greece!
April 1st, 2010 by stacyherbert
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Stacy Summary: Just a round up of some of the feedback we are receiving from Greece regarding Max's Aljazeera appearance and his interview in last weekend's Press Time newspaper:
The word is getting out – your interview on Al Jazeera on the Greek debt crisis was discussed yesterday on prime time news on a major TV station (Alter TV) by a prominent journalist.
On Tuesday night, on (Antenna TV) a variety current events satirical show (very popular among audiences between 25-45 years old0 they actually played the Al Jazeera interview and were supportive of your stance.
And another source says this:
A source of mine says that he has listened chats and comments about your sayings from at least 70-80 parliament members and businessmen. I can tell you for sure that the prime minister (or the minister of economics) will be asked to comment what you told us during the conversation about the taxes in the Parliament, these days. When this happens, Il'l let you know.

[traderabc] 01/4/2010 22:27

[KR30] Keiser Report – Markets! Finance! Scandal! – and Ryan Grim!
April 1st, 2010 by stacyherbert
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Stacy Summary: In this episode, we look at the scandals of the rich fleeing munis, "not-for-profit selling," attempted assassinations in the silver market, and flow charts and poodles in US foreign affairs. Max also talks to Huffington Post's Ryan Grim about the New York Fed's role during the Lehman collapse and just how much toxic debt is on the books of the Fed.

[traderabc] 01/4/2010 09:33

How to Corner the Gold Market
What's Your Reaction:

First, let your greed overcome all regard for the stability of the global market, and overcome your aversion to illegal activities. Stay away from people like me, and fly under the radar, because I'd like to see you thrown in jail. Most Washington officials, regulators, and Wall Street managers are probably safe to hang around, especially if you cut them in for a piece of the action or give them vague promises of a future lucrative job.

[traderabc] 01/4/2010 09:32

"Let me get this straight. We're going to be gifted with a health care plan written by a committee whose chairman says he doesn't understand it, passed by a Congress that hasn't read it but exempts themselves from it, to be signed by a president who also hasn't read it and who smokes, with funding administered by a treasury chief who didn't pay his taxes, to be overseen by a surgeon general who is obese, and financed by a country that's broke. What the hell could possibly go wrong?" -origin unknown

[traderabc] 01/4/2010 09:31

Washington's Blog
March 31, 2010

Greenspan says that the financial crisis was caused by a once-in-100-year event.

Tim Geithner says its more like once every 40 years.

Jamie Dimon implies every 5-7 years.

But Simon Johnson says its really once every 5 years:



Would the American people stand for the lack of any real reform if they knew that the financial system will likely melt down again within the next 5 years?

[traderabc] 01/4/2010 09:28

Max Keiser Interviewed by Helen Skopis on Athens Intl Radio – 31 March 2010
March 31st, 2010 by stacyherbert

Stacy Summary: Max Keiser, aka Μαξ Κάιζερ, interviewed on Athens Intl Radio just an hour ago.

[traderabc] 01/4/2010 09:27

[KR29] Keiser Report – Markets! Finance! Scandal! – And Mark Schapiro
March 31st, 2010 by stacyherbert

Stacy Summary: Brown's Bottom and Bono's bad investments in this episode. (Sorry for the delay posting, but RT were busy yesterday with the Moscow subway bombing story so there was no youtube version).

[traderabc] 30/3/2010 23:48

10 Signs of Speculative Mania in China



Inquiring minds are reading a GMO white paper on China's Red Flags

[contrarian2investor] 29/3/2010 20:53

Hi all,

Here is an interesting article that was clearly written prior to the DOW opening today.

Monday Madness: 11,000 or Bust
March 29, 2010



c2i

[traderabc] 29/3/2010 17:02

Monday, March 29, 2010
Jim Rogers sees huge long positions in crude.


Jim Rogers Interview with CNBC TV 18 Mar 26, 2010

[traderabc] 28/3/2010 21:01

"The driver of the vehicle then tried to escape.'"
"The driver was apprehended by the police after police helicopters were used in a high speed chase. "

Accident?


27 March 2010
Whistleblower to CFTC in JPM Silver Manipulation Struck by Hit and Run Car In London


I am glad that although Mr. Maguire and his wife are shaken they will apparently be all right.

The related story on his allegations regarding manipulation in the silver market is here.

It appears they have 'the perp in hand' as the say. This should provide some light. I am prepared to accept this as an accident, of course, but it is one hell of a coincidence if so. It could also be the act of some trader who had a bit too much to drink, and a grudge to bear after the testimony the day before. Or something else altogether.

I hesitate to say anything more at this point, except curiouser and curiouser.

As reported by Adrian Douglas, the Director of GATA who has been the contact for Mr. Andrew T. Maguire, and on the GATA website

"On March 25th at the CFTC Public Hearing on Precious Metals GATA made a dramatic revelation of a whistleblower source, Andrew Maguire, who has first hand evidence of gold and silver market manipulation by JPMorganChase, and who had tipped off the CFTC in advance of manipulation in gold and silver some months ago.

On March 26th while out shopping with his wife in the London area, Mr. Maguire's car was hit by a car careening out of a side road. The driver of the vehicle then tried to escape.

When a pedestrian eye-witness attempted to block the driver's escape he accelerated at him and would have hit him had the pedestrian not jumped out of the way. The car then hit two other cars in escaping. The driver was apprehended by the police after police helicopters were used in a high speed chase.

Andrew and his wife were hospitalized with minor injuries. They were discharged from hospital today and should make a full recovery."

[traderabc] 28/3/2010 18:27

Alan Greenspan Discusses The Fed's Inability To See Bubbles, Is Confident There Is A "Bubble Waiting To Burst In China"


Tyler Durden
Zero Hedge
March 28, 2010

The maestro managed to run away from the old folks' bent on monetary destruction home just long enough to carry this amusing interview with Bloomberg TV's Al Hunt. Tomes (will) have been written about Greenspan's dementia, just as books will be available on the Kindle one day analyzing his successor's massive mistakes which are slowly but surely leading to an American day of reckoning, so we won't comment much, suffice to point out some of the key highlights in Greenspan's presentation. Most amusingly, note the escalating battle between Greenie and the Fed's new vice-chairman Janet Yellen, who blatantly contradicted Greenspan's that higher interest rates would have
prevented a housing bubble.

[traderabc] 28/3/2010 12:52

Friday, March 26, 2010
Jim Rogers on Oil, Gold Commodities Currencies Greece and the Biggest US Bubble


Jim Rogers on CNBC - 25 March 2010 Commodities More Attractive Than Currencies

[traderabc] 27/3/2010 19:05

Peter Schiff on Detroit Chrisitian Radio (1 of 5)


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[traderabc] 27/3/2010 14:41

The Federal Reserve as a Confidence Game


Mark Thornton
Campaign For Liberty
March 27, 2010

[A paper given at the "Birth and Death of the Fed" conference, Jekyll Island, Georgia, February 26-27, 2010. An MP3 audio file of this article, read by Floy Lilley, is available for download.]

In February of 2004, I published an article entitled "Greenspam." The general lesson was not to listen to Greenspan's deceptive testimony. Delete it from your mind like spam email messages. Watch what he has done and what he is doing, in order to protect your wealth and capital. Discount anything you read about his testimony, except Congressmen Paul's questions and commentary.

This talk will be a follow up to that article. I will describe central banking as a confidence game. The Federal Reserve plays a confidence game with us. A confidence game (also known as a bunko, con, flimflam, hustle, scam, scheme, or swindle) is defined as an attempt to defraud a person or group by gaining their confidence. The victim is known as the mark, the trickster is called a confidence man, con man, or con artist, and any accomplices are known as shills. Confidence men exploit human characteristics such as greed, vanity, honesty, compassion, credulity, and naïveté. The common factor is that the mark relies on the good faith of the con artist.

Here I will concentrate on the Fed's basic confidence game of trying to gain and maintain our confidence in its system and getting us to not take proper precautions against the negative effects of its policies.

[traderabc] 27/3/2010 14:39

Corruption all the way to the top..


JPMorgan, Lehman, UBS Named in Bid-Rigging Conspiracy


William Selway and Martin Z. Braun
Bloomberg
March 27, 2010

JPMorgan Chase & Co., Lehman Brothers Holdings Inc. and UBS AG were among more than a dozen Wall Street firms involved in a conspiracy to pay below-market interest rates to U.S. state and local governments on investments, according to documents filed in a U.S. Justice Department criminal antitrust case.

A government list of previously unidentified "co- conspirators" contains more than two dozen bankers at firms also including Bank of America Corp., Bear Stearns Cos., Societe Generale, two of General Electric Co.'s financial businesses and Salomon Smith Barney, the former unit of Citigroup Inc., according to documents filed in U.S. District Court in Manhattan on March 24.

The papers were filed by attorneys for a former employee of CDR Financial Products Inc., an advisory firm indicted in October. The attorneys, as part of their legal filing, identified the roster as being provided by the government. The document is labeled "list of co-conspirators."

None of the firms or individuals named on the list has been charged with wrongdoing. The court records mark the first time these companies have been identified as co-conspirators. They provide the broadest look yet at alleged collusion in the $2.8 trillion municipal securities market that the government says delivered profits to Wall Street at taxpayers' expense.

[traderabc] 26/3/2010 23:30

Whistleblower Exposes JP Morgan's Silver Manipulation Scheme


Tyler Durden
Zero Hedge
March 26, 2010

Earlier today the CFTC held a sham hearing in which, among other thing, the organization discussed position limits in PM speculation, because, you know, it's the mom and pop speculators that destroy the precious metal market (not JP Morgan or the New York Fed mind you). The hearing could not have come at a more opportune time. GATA has just broken a major story, in which a London metals trader-slash-whistleblower exposes JP Morgan's silver price suppression/manipulation scheme. At this point none of this should be at all shocking, and the only thing that matters is when CFTC's ex-Goldmanite Gary Gensler will be fired for allowing hundreds of billions of dollars to be sucked out of the PM market on behalf of such major market manipulating entities as JP Morgan and the New York Federal Reserve, for whom it transacts. Don't worry – the answer to that rhetorical question is "never", as it is the administration's goal to make all the millionaires among the bulge bracket firms billionaires, via legalized theft from honest investors. Furthermore, if indeed the CFTC is complicit in these manipulative events, as GATA suggest, we hope our objective mainstream media readers enjoin GATA in seeking justice for this criminal breach of proper regulatory enforcement.

[traderabc] 26/3/2010 23:25

[OTE47] On the Edge with Max Keiser & Dmitry Orlov – 26 March 2010
March 26th, 2010 by stacyherbert
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Stacy Summary: Enjoy! A headline we mention, "Is China's Property Balloon Burstable?"

[traderabc] 25/3/2010 23:09

[KR28] Keiser Report – Markets! Finance! Scandal! – And Helen Skopis of Athens International Radio!
March 25th, 2010 by stacyherbert

Stacy Summary: Here it is, hopefully NSAtube will be working . . .

[traderabc] 25/3/2010 23:03

Did Gordon Brown Sell UK's Gold To Keep AIG And Rothschild Solvent; More Disclosures On How The NY Fed Manipulates Gold Prices


Tyler Durden
Zero Hedge
March 25, 2010

In the neverending saga of new disclosure of gold price manipulation, here is the most recent pearl, courtesy of Jesse's Cafe Americain:"In front of 3 witnesses, Bank of England Governor Eddie George spoke to Nicholas J. Morrell (CEO of Lonmin Plc) after the Washington Agreement gold price explosion in Sept/Oct 1999. Mr. George said "We looked into the abyss if the gold price rose further. A further rise would have taken down one or several trading houses, which might have taken down all the rest in their wake. Therefore at any price, at any cost, the central banks had to quell the gold price, manage it. It was very difficult to get the gold price under control but we have now succeeded. The US Fed was very active in getting the gold price down. So was the U.K." Makes one wonder just how much the gold price was pushed down today alone to make Gordon Brown's most recent budget reception a little more palatable. It also confirms yet again, that there is no such thing as an unmanipulated gold market. Lastly, it demands the question: on how many other occasions has the UK's massively unpopular prime minister sacrificed his people's interest merely to make criminal organizations such as AIG whole?

[traderabc] 25/3/2010 23:01

Jim Rogers quizzed on euro, Greece bailout, EU future