Market Comments & News

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California suspends tax refunds and welfare checks!!!!!!!!!

Post  Shelby on Sat Jan 17, 2009 5:50 am


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Roger Wiegand

Post  Jim on Mon Jan 19, 2009 6:24 pm


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Dennis Gartman

Post  Jim on Mon Jan 26, 2009 12:38 am


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Re: Market Comments & News

Post  Shelby on Mon Jan 26, 2009 2:14 am


...committing to billions—and in the U.S., trillions—of dollars more. Won’t that influx of new money have some kind of significant bear impact going forward?

DG: No, it will have a bullish impact. Unless all the rules of economics have been rescinded, money pushed into a system will push economic activity higher...

He is forgetting the "liquidity trap", e.g. in Japan they increased the money supply by 25% in one year and they people+banks paid off debt, and thus didn't spend it. With $600+ trillion in derivative debt (obligations), then I am nearly certain there is a black hole that will suck up all debasement efforts. The only way to get growth in spending in debt-laden economies is to someone get the derivative bubble to stop imploding, which would mean stabalizing the prices of houses (Mortage Backed Securities), and keeping interest rates from rising (interest rate derivatives), etc.. I think this is impossible. When interest rates rise, most all adjustable rate mortages will fail. To keep interest rates from rising, the Central Banks will have to start buying Tbonds directly, which will be massively inflationary, probably due to a dollar collapse. If the dollar doesn't collapse, then it means all the CBs are forced to create hyperinflation in their own currencies (dollar exports monetary inflation).

The move down Exter's pyramid to gold&silver is UNAVOIDABLE!

TGR: But it will also push inflation higher.

DG: Oh, that’s very likely to happen. The question is whether it will be inflation of 1%, 2%, 5%, or will it be a Zimbabwean-like inflation? The latter isn’t going to happen, and 1% isn’t likely going to happen. But 2% to 5% inflation? Yes, that’s likely to happen several years down the line.

As explained above (and in another post I wrote recently...click my name), either the dollar collapses which means hyperinflation in USA, or we will get very high inflation in China, and severe problems in China.

...but you can go back to the recession of 1974; you can go back to 1980-81; you can go back to the recession of 1907, and you will see the same arguments—that the world is too debt-laden...

Can someone please show this man a chart of debt as a % of GDP from 1974 to 2008! It is now the highest it has ever been in USA, even higher than 1929:

http://mwhodges.home.att.net/nat-debt/debt-nat.htm


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Monty Guild

Post  Jim on Thu Jan 29, 2009 4:35 am


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Ron Paul

Post  Jim on Thu Jan 29, 2009 9:16 pm


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re: Ron Paul

Post  Shelby on Thu Jan 29, 2009 10:00 pm


Ron Paul wrote:...It’s fascinating that the European central banks sold gold while Asian central banks bought it over the last several years.

Since gold has proven to be the real money of the ages, we see once again a shift in wealth from the West to the East, just as we saw a loss of our industrial base in the same direction...

Actually there is a reason for this. As the productive base is lost (including the drop in the fertility rate and declining % of population that is young & productive), then the demand for debt based living can increase (if so stoked by fractional reserve money) as people live beyond their means in their means and delude themselves into thinking that they are productive. This demand for debt creates a demand to dump gold in order to sustain the fractional reserve money illusion. Essentially the boomers spent all they had, so the gold has to go to where they spent their money (Asia). It is just natural forces of economics at play.

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collapse by the end of march?

Post  silberruecken on Sat Feb 07, 2009 2:21 pm

From the Midas 07/02/09

On 12/15/08 the SLV inventory removals reversed and have gone up steadily sense then. The current rate of inventory accumulation is around 875,000 oz per working day. At this rate the JPM custodial max (264,550,265 oz from the "revised" Prospectus) will be maxed out the week of March 16th.
http://us.ishares.com/product_info/fund/overview/SLV.htmhttp://us.ishares.com/product_info/fund/overview/SLV.htm

Jim Willie of goldenjackass.com has heard through his sources that gold has been leaving through the back doors of the COMEX warehouses and there is a group of billionaires ready to empty the vaults by the end of March.
http://www.goldenjackass.com/members/jan2009_v2.html

Call me a conspiracy nut but I don't think it is a coincidence that mid March (March 19, 2009) is the exact time that Martin Armstrong's Economic Confidence Model predicts the next downturn and possibly the fall of the monetary system itself.
http://seekingalpha.com/article/103613-on-martin-armstrong-s-it-s-just-time

The model hasn't failed for 300 years and the cabal (especially JPM) KNOWS this more than anyone. It is the reason Armstrong has sat in jail or 8 years without a trial.

The new auto bailout plans are failing miserably and GM expects to run out of cash by March 31st if something big is not done.
http://online.wsj.com/article/SB123388066021554821.html?mod=yahoo_hs&ru=yahoo

The derivatives that will implode on a GM bankruptcy will run IN THE TRILLIONS OF DOLLARS! There is not a derivative counter party out there that is in the financial shape to take those kind of hits. When derivative counter parties fail the entire QUADRILLION DOLLAR derivative market fails.

Pile all this on top of all the "emergency stimulus money" being created in February that will surly fail miserably by Mid March and you have..not the "Perfect Storm" but...

THE PERFECT FINANCIAL TSUNAMI HEADED SMACK ON MID MARCH 2009!!!!

Hope everyone is ready!
Bix

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new Fox program

Post  Shelby on Fri Mar 13, 2009 12:51 am


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Suburbia

Post  Jim on Sat Mar 14, 2009 12:02 pm


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Re: Market Comments & News

Post  Yellowcaked on Mon Mar 16, 2009 5:12 pm


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Re: Market Comments & News

Post  Shelby on Sun Apr 19, 2009 5:54 am

http://financialsense.com/fsu/editorials/willie/2009/0416.html

...Signals from the corporate bond spreads suggest strongly that the USEconomy will falter worse. In the autumn of 2007, before conditions began to falter, corporate bond prices raised the red flag. The spread between corporate bond yields and USTreasury yields had begun to widen as the mortgage crisis showed its subprime prima facie that summer in 2007. More declines are coming, signaled by current corporate bond spreads...


... Furthermore, USFed authorities must be deeply worried about the seeds they are planting for future price inflation. The USFed just purchased $1.5 billion in Treasury Inflation Protection Securities (TIPS) in an unprecedented maneuver. No longer does the TIPS tell of inflation expectorations. What on earth is going in on their tiny minds?

The story not told often enough is the utterly huge short gold futures contract positions put on by JPMorgan immediately when the USFed announced its $1 trillion monetization plan in mid-March, and the additional batch of gold short contracts they put on during the G20 Dollar Funeral event in early April...

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Tsunami is coming...

Post  Shelby on Tue Apr 21, 2009 12:37 pm


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S&P 500: Look out below!!!

Post  Shelby on Tue May 26, 2009 3:49 pm


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Where did the $9 trillion go during the past 8 months?

Post  silversleuth on Sun Jun 07, 2009 5:48 pm

This is the most staggering white collar fraud ever, and we just let them get away with it. How can our government/congress just continue this coverup of trillions of dollars wasted/spent/missing....that’s $30,000 for each person in this country. Our elected “leaders” allowed it to be stolen and now cannot recall where it all went. Unbelievable. Rep. Alan Grayson asks the Fed Inspector General Elizabeth Coleman about the trillions of dollars lent out by the Federal Reserve Bank. You really have to listen to this woman’s spectacular display of ignorance to get a full picture of how fraudulent the “Federa”l Reserve Bank really is. If this makes you angry, then I suggest you contact your congressman and demand answers...

[5-min clip]:

www.silverbearcafe.com/private/05.09/mindingthestore.html

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California Collapsing

Post  Guest on Mon Jun 22, 2009 6:55 pm

"Our wallet is empty.
Our bank is closed. And
our credit is dried up."

These are not the words of a Dr. Doom in New York or a forlorn banker in Georgia. They represent the confession of Governor Arnold Schwarzenegger before a rare joint session of the California legislature ... and with no exaggeration!

http://www.moneyandmarkets.com/california-collapsing-34271

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As California goes, so goes the rest of the country...

Post  Shelby on Tue Jun 23, 2009 3:00 am

Thanks for that post Robroy.

CA always sets the trend...

I suspect the reason Obama doesn't want to bail out CA, is this crisis is being used to destroy the state and local govts and expand the size of the federal govt. We are moving to a more European, socialist, debt-enslavement model.

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Fitch Ratings has assigned a 'BBB+' rating to Philadelphia

Post  Guest on Tue Jul 14, 2009 11:25 pm

http://www.istockanalyst.com/article/viewiStockNews/articleid/3349047#

(Source: Business Wire) Fitch Ratings has assigned a 'BBB+' rating to Philadelphia, Pennsylvania's (the city's) $225.4 million general obligation (GO) bonds, series 2009A and placed the bonds on Rating Watch Negative, along with the underlying 'BBB+' rating on approximately $1.1 billion in outstanding parity bonds. The bonds are scheduled for negotiated sale the week of August 3, 2009 and will be used to refund outstanding parity bonds.

The Negative Watch reflects the ongoing delay in gaining state legislative approval for a proposed temporary sales tax increase and the proposed partial deferral of pension payments over the next two fiscal years. Both measures, which the city heavily relied upon to balance its fiscal 2010 budget and five-year financial plan, will be decided concurrently with the enactment of the state's fiscal 2010 budget. The city's adopted budget assumed a slight lag in passage of the state's budget, and with it, gaining approval of the proposed measures. Fitch believes the state budget impasse is likely to continue beyond what was originally anticipated, leaving the city's much needed budgetary solutions in question. The Negative Watch will be resolved following the enactment of the state's budget, the decision regarding the proposed temporary sales tax increase and partial deferral of pension payments, and Fitch's evaluation of the city's subsequent response.

The 'BBB+' rating on the city's GO debt reflects its exceptionally high debt levels, limited financial flexibility, significantly under-funded pension position, rapidly growing fixed-cost burden related to employee benefits, and below-average economic indicators. Fitch also recognizes the city's strong financial management and stable employment base anchored by its role as a regional economic center which serves as home to several major health care and higher education institutions.

The current economic downturn continues to exert significant pressure on the city's operating budget and overall financial flexibility. Although Fitch believes the city's management team has been proactive to date in making significant budgetary adjustments, the high fixed cost burden, a comparatively high tax burden for residents, and the depletion of general fund balances severely limits the city's ability to absorb further revenue declines.

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Dark Pools

Post  Jim on Mon Jul 20, 2009 10:47 am


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High Frequency Trading

Post  Jim on Mon Jul 20, 2009 11:30 am


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Goldman Sachs

Post  Jim on Tue Jul 21, 2009 6:04 am


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Scottrade

Post  Jim on Wed Jul 22, 2009 8:50 pm

A Scottrade branch manager told me today that one will be able to trade Canadian stocks online in the USA this fall.

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Harry Schultz

Post  Jim on Mon Jul 27, 2009 8:57 am


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Upside Down and Backwards

Post  Guest on Tue Jul 28, 2009 4:37 pm


Is there a connection here? The Fed's want to flood the world with US dollars using any means possible?

I just read the article by Rob Kirby, Upside Down and Backwards: Is Central Banking on Death’s Door Step?
In the article you can get an idea of how much US money is being pumped into the world. Couple that with embassies being told to dump up to one year of US money to buy other currencies???

Question, how many ways are there to conveniently dump US dollars into the world? Why?

http://news.goldseek.com/GoldSeek/1248718634.php

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