Loading ...GoldBalloon @ 21:54
I have heard tell that Griz poo-poo smells like pepper spray and has bells in it…….could it be that Polar Bear poo-poo has blue parkas in it?
puptent @ 19:38 pm
To go along with your photo of wall street troubles is a cool sequence of a wall street bear on the hunt. You’ll have to imagine the terrible outcome!
Butters 21:30
Thanks, but that would be pure torture to me..
You might as well pull my fingernails out too if I have to eat that
now I know what you meant by the SOS holi crap batman 
Cheers
Listening to the Q Files this evening.
The show opened with this song.
Zager and Evans - In The Year 2525
Very prophetic for a song release January 21,1969
I Just Had TO:
Since the deflation camp here at the tent likes to reference Japanese Deflation…I just had to google some recent price increases.
Kerosine + 27.6%
Instant Noodles + 20.7%
Bread + 12%
Gasoline + 18%
Spaghetti + 32.2%
What is the matter with these Japanese people? If they would only read our Deflation experts, on Posters Paradise, they would know that this is not supposed to happen. LOL.
From a Midas Contributor
Moving Past Alan Greenspan
Historical and Current Perspective on the Sabotage of Money
Alan Greenspan’s superb 1966 essay “Gold and Economic Freedom” (www.gold-eagle.com/greenspan041998.html) spoke of honest money and the dark and unrelenting forces that oppose it. I thought it’d be useful for this amateur to try to provide a bridge from this historically fascinating essay (prior to his sinister side service) to this crack-up and crash moment on which the financiers now impale us.
As per Alan’s essay, the most liquid and trusted assets have tended to serve as money. I don’t for a minute think that gold and silver have to be the premier or only forms of honest money and the dominant form of final payment, especially in our electronic age. But for much of our history, these have been so. Now in 2008, they emphatically are becoming so once again. And this trend will remain powerfully in force for the duration of the destruction of the current, crumbling credit kingdom (and while morals and organization lack for anything better than the barter coin or bar or chain or similar exchange instrument). It can be life-saving to understand why. (I distinguish also that I clearly favor silver at this time, as its price has been suppressed for longer and further than gold, its inventories are more extremely depleted, and it possesses higher utility in our modern economy. The portable wealth of gold at its suppressed price is clearly next best.)
Starting in the Middle Ages, banker drafts, bills of exchange and banker notes also well served the liquidity needs and intermediate payment needs of commerce - when honestly used.
The beginning of trouble is often traced to 1694 when the Bank of England was created. This entity created and legalized an incestuous relationship between financiers and politicians. This central bank mechanism has since been so copied that it surrounds and permeates the think and operation of this world. (Potentially important to help one see evil, the perverted goals of these topmost operators are clearly focused on destroy and harm and not on create or help.) Thus established was this king of tools for bubble creation and crash, for market distortion and manipulation, for parasitic suction of wealth from an economy, and for mal-funding political states and empire. Thus began excessive political spending courtesy of financier purchase and marketing of government debt (in return for government provisions for enhanced liquidity and guarantee for financier paper). At others’ risk, this arrangement allowed the financier to water their instruments (inflation), to imprudently leverage their financial position, and to excessively borrow short term and lend long (thereby extracting interest rate advantages).
In the 18th century, the financiers began their assault on silver by making the mighty pound sterling subsidiary to gold. The planet still managed a highly prosperous, peaceful and cultured era during the gold standard century from about 1814 to 1914. (This is also large thanks to the American influence on freedom which we now try to re-create with such forces as the Ron Paul movement.) But during this gold standard period, in the early 1870s, the financiers managed to knock silver further to a subsidiary coin in the United States and elsewhere. This metal has heavily suffered since.
At the end of 1913 the passing of the Federal Reserve Act created the central bank mechanism in the United States. This enabled watered banker paper to compete on an equal footing with gold and silver as the means of final payment. Also that year, the Congressional mob gave us the income tax to provide funding for this banking-political swindle. In 1933, Franklin Roosevelt trashed gold promises in this country, about the time these were being trashed elsewhere, all which enforced financier fiat paper as the money monopoly. In 1971 Richard Nixon closed the remaining sliver of a window open to gold payment for foreigners. This eliminated last significant restriction to their theft via their inflation or via their recklessness with the funds of others.
But now, since the summer of 2007 that is, the financiers have been exposed all about the world for peddling bad paper as pure. These blokes were widely unveiled as deserving nil trust and left without a viable business plan, despite their names gaudily emblazoned all over our buildings. Conceptualize this, good reader, as a huge, watershed event. It marks the start of this frantic period toward financial safety seen world-wide in our markets. And now we’re not long before the time when these markets turn outright explosive.
Factually, not poetically, we witness the financier’s grossly inflated, quadrillion dollar credit empire crumble to the dust that it is worth, on a largely parabolic course (meaning at an increasingly faster pace). The latest HUGE stumble is of the mega-trillion, bubble-blowing, inflation engines of Fannie Mae and Freddie Mac. As a consequence, this event necessitates Congress to aggressively partner with the Fed to create our upcoming bubble finale in which the financiers also destroy themselves. The world will not nearly resemble this day.
Look behind the price chops of gold and silver and you’ll see the inverse: the early middle of parabolic paths to the sky. These noble, beautiful and useful metals have sensed the inevitable several years before this 2007 mortal blow to the credit system. As their fiat paper crumbles in value, let the financiers trash as barbaric what they have turned into being so desperately prized.
Not a day before they have to, will financiers and governments willingly acknowledge or allow final bankruptcy of their system as we currently well see in sorry Zimbabwe. Powerful financiers and governments lift not a finger to stop what they themselves are similarly, but not so crudely, guilty. This will all continue until the overwhelm of debt is liquidated and unredeemable fiat paper is near useless. And it will continue beyond, until these financial and political parasites have sucked dead any and all remaining productive capacity that they can leach into — until or unless we can gain enough organization and strength to stop them. Be able to say you helped.
Dan O’Shea
Los Angeles and Ohio
July 26, 2008
fully …The sources say the regulators said the extension could be as short as 60 days and include insurance, housing and a wider range of financial stocks.
gee i wonder if ‘pms’ are considered in the ‘financial stocks’ catagory? i know i know don’t hold my breath waiting. 
wj
TRE
On 7-10-08 Canada Pension Plan Board PURCHASED 2,829,832 Shares dollar amt $13,979,370 and on 7-25-2008 Barclay’s UK PURCHASED 1,001,003
Equiz 19:53
That’s the NAU in a slice …easy as 1,2,3
From now on we better scan triangles for hidden meanings eh? LOL .
Rain on the way my friend , Cheers
Hey…but what about ECU ?
20:55 Wall Street expects the SEC to expand short selling rules reports the WSJ
It is expected that the SEC will extend the temporary limits it placed on short-selling and that it will expand them to include additional stocks. The limits are set to expire this Tuesday and sources say groups have been meeting all weekend to come up with ideas for asking the SEC to reconsider expanding the rules. Sources said a call on Friday gave the industry people ‘a fair degree of certainty’ that the SEC will seek an extension of the temporary rules. The sources say the regulators said the extension could be as short as 60 days and include insurance, housing and a wider range of financial stocks.
Bad..just plain Bad
THAT ‘70S WOE IN RERUN
By FREDRIC U. DICKER, State Editor
July 28, 2008 — ALBANY - Gov. Paterson, convinced the state faces its worst fiscal crisis since the mid-1970s, will deliver the grim news in an unprecedented special address to New Yorkers as soon as tomorrow night, The Post has learned.
The governor’s address - which his aides hope will be televised by public and cable news stations - will say that plunging state revenues will force painful cuts in state services, necessitate a reduction inthe state work force, possibly through layoffs, and require other difficult economic measures, source said.
Paterson is also expected to announce that he’s ordered state agencies to slash spending beyond the relatively modest 3.3 percent cuts he ordered in late spring.
He may also call a special session of the Legislature to propose reducing some of the record-high levels of spending that were approved as part of the state’s new budget in April.
“The situation is worse than anyone realizes,” said a source close to Paterson.
“The governor has said he’s tired of the state going from deficitto deficit, spending like it has a credit card that never has to bepaid, and that he’s prepared to take action,” the source said.
Paterson in recent days has huddled with budget planning officials from the administrations of former Govs. Mario Cuomo and Hugh Carey “toget their ideas on how to manage a fiscal crisis,” the source said.
To make his concern even clearer, Paterson will hold a private meeting today with Columbia University’s Nobel prize-winning economist Joseph Stiglitz, the former head of the World Bank, who has called thecurrent worldwide financial crisis the worst since the Great Depression.
“The governor has been impressed with Stiglitz’s work, and there have been staff discussions leading to the meeting Monday,” said an administration source.
Paterson warned last week that Wall Street bonuses - a major source of state tax revenue - will likely drop by 20 percent or more this year…
FRR
Yes, inflation does indeed help in causing moral and ethical standards to weaken. During the Weimar experience the citizens were amazed at the increasing theft of household goods.
Today copper plumbing disappears from houses..catalytic converters too.