Oldtent Archives 2007 - 2008

Not to mention someone yelled Rumpelstiltskin.

Whats up? Gold, silver, the Euro, man it’s gone bonkers, a lepracon must me mad tonight.

“Ya know its bad when the world starts selling dollars….. etc  ”

I dont get your point.  What’s bad about that?  Is’nt it about time that our globe got off the humorous charade that the US dollar is the world’s reserve currency.  From my vantage point it is good when the world starts selling dollars .    But thats just my opinion from my vantage point.   Folks from other vantage points will no doubt have different strokes.  Best wishes.  Equiz

Jim Cramer told his MadMoney minion last week to hold on to their Bear Sterns stock.

Say it ain’t so Jim !

just a typical zimbobwayian credit market crash and burn hyperinflationary depression.
but i did stay in a holiday inn express! wj

So…. What’s Up??     

Bear Sterns sold for $2.00

Goldman to take write off

Tokyo off 4 %

And guess who gets $crewed?

The non elected non Fed Central bank has more than $700 B* in Treasury notes (which are backed by our US Govt {repayable w/ interest under the taxpayer fully guaranteed w/interest redemption act of 1913.]

Ie: the CB prints from nothing, loans to US Govt at interest, which WE ultimately pay.
Now all they’re doing is taking some of that taxpayer debt, rated AAA, turning around and saying to the other lesser & very troubled banks,

‘”here….we’ll loan you short term, some of the US taxpayer debt notes, for some other $hit you want to get off your own books so they look nice.

However, we, as the CB nice guys, are NOT taking your $hit at whatever Book value you place on it, no sir. It shall be appropriately Discounted to us before we accept. And we will set the acceptance price.” Capiche?

*sorry, don’t remember off the top what the exact amount is right now.

……………………

of is is ..or it…. is ..

this is it.. any questions from the peanut gallery ……

This is only the beginning which is scarier than the article itself. J.S.

JPMorgan Chase Buys Bear Stearns for $240 Million (Update2)

Say bye-bye