Oldtent Archives 2007 - 2008

Vice Pres Debate.  Palin vs Biden

9:00 PM EDST  Washington University

Be there or be square.

Action has been non-stop lately.

interesting - in last hour main index just dropped  30 points now -23 and accelerating.

big bid/ask spreads just occurred in some PM’s.

hhhhmmmmm?

……The House already voted the Bailout Bill Down right

…Now the Senate Approved the same bill with a few add ons….

…The House will NOT be voting on the same Bill the Senate Passed..right ?

….I have heard the House is working on a completely new Bill….to vote on…

….The Senate bill had all knds of strange add ons….

…CNBC was laughing at some of them

…One was a special tax exemption for an Arrow manufacturing company…???

..another was to make mental illness equal to Physical illness in Medicare packages …???

….wtf ?

….I dont think this is over yet…I think the House will be debating a different bill….am I wrong ?

are so foul they stink up the chambers where they sit…not to mention all of Washington. They think they are kings and king makers, oblivious to the demands and protests of the people. My hope is that one day they are on the guillotine, and I personally get to remove their fingernails with pliers before the steel blade is let loose. What absolute arrogant bastards. I hope we have it in us to overwhelm the congress again, and bring this piece of shite to a final demise - or DOA as the case may be….

And maybe pigs will fly, and gold and silver will go up, and so will the pm stocks…hahahahahahahahaaa - what a funny joke that last point is…hahahahahahahahahaaaaaa. We have to be idiots to hold this crap…down, down and down it goes. And all we can do is point to charts that say “it ain’t so, Joe”…but it IS, it IS…

Dear Bill:
For your readers about to throw in the towel who have been duped into the deflation scenario
So the fed can continue cutting rates to zero
I suggest they read the following from our very own Ben Bernanke.
Regards
Alex

My favorite part is in red LOL

www.federalreserve.gov/boarddocs/speeches/2002/20021121/default.htm

“I hope to have persuaded you that the Federal Reserve and other economic policymakers would be far from helpless in the face of deflation, even should the federal funds rate hit its zero bound.”19

Dave from Denver suggests…

Everyone read the Engdahl commentary posted on the Toulouse-Lautrec Table. There’s some facts about Paulson’s motivation in crafting the Bailout Bill that people should know about. This Bailout has more financial motivation for Paulson than people realize. Here’s a snippet:

What has since emerged are details of a meeting at the New York Federal Reserve bank chaired by Paulson, to discuss the risk of letting AIG fail. There was only one active Wall Street banker present at the meeting—Lloyd Blankfein, chairman of Paulson’s old firm, Goldman Sachs.

Blankfein later claimed he was present at the fateful meeting not to protect his firm’s interests but to ‘safeguard the entire financial system.’ His claim was put in doubt when it later emerged that Blankfein’s Goldman Sachs was AIG’s largest trading partner and stood to lose $20 billion in a bankruptcy of AIG. [2] Were Goldman Sachs to go down with AIG, Secretary Paulson would have reportedly lost $700 billion in Goldman Sachs stock options he had, an interesting fact.

***

The Paulson Plan means you are going to eat it all, Paulson wants to keep the corrupt greed machine going, A Wall Street Bailout plan means you will pay for their mistakes, Administration trying to scare everyone into accepting bailout plan, Buyouts now like zombie marriages, derivative Death-Star on its way,

The name of the episode, appropriately enough, is “The Paulson Plan.”  The capsule for the episode reads as follows:  Hanky Panky and Buck-Busting Ben decide to renovate the Goldilocks Matrix, giving it a major overhaul, and attempt to redefine the word: “fantasy.”  Indeed, The Paulson Plan, so-called, may be the most vivid product of a fertile imagination since “Alice in Wonderland” and “The Wizard of Oz,” which quite frankly are more believable than the reasons given for the implementation of the “The Paulson Plan.”
Oh, we must help the poor sheople by easing the credit-crunch so they can get more loans and get deeper into hock (like more loans is what they somehow need), and so their savings accounts and pensions plans can be saved as we hyperinflate the dollar.  Oh, we are sooooo concerned about the welfare of the poor, helpless sheople!   We have to save them from destroying themselves, because only we, the masters of the universe, know what is best for them.  (Judy, get the barf-bag - quick!)  You just don’t understand.  The corrupt, graft-laden, insider-trading-saturated, fraud-based, Ponzi-scheming system that we have used to rip you off and steal you blind for over a century must obviously be saved so we can keep screwing you ad infinitum.  After all, isn’t that what sheople are for, to be fleeced and sheered, fattened and slaughtered?  You know your place.  You are all bleating, ignorant sheople, so come lick our boots - and give us the damned money!!!  Oh, there, there, now.  We’re sorry to take such an imperious tone with you.  There, there, just give in to our demands like good little sheople and, in time, everything will turn out juuuuust fine — NOT!

http://tinyurl.com/3q7g5x

Looking bullish…

stockcharts.com/h-sc/ui?s=&p=W&b=5&g=0&id=p51561959823

Extraordinary Popular Delusions and the Madness of Crowds is a popular history of popular folly by Charles Mackay, first published in 1841. The book chronicles its targets in three parts: “National Delusions”, “Peculiar Follies”, and “Philosophical Delusions”.

manure wagons at ready,,

Bill,
I could not believe my ears this morning watching the Brookings Institute C-Span panel this morning. One of the panelist Simon Johnson said and I quote. “US Treasuries are more secure than gold because they are backed by the US Government and gold has a counter party risk by whoever is storing your gold as the counter party.

Simon Johnson is Economic Counselor and Director of the Research Department at the IMF, on leave from the Sloan School of Management at MIT, where he was the Ronald A. Kurtz Professor of Entrepreneurship.
Greg Gergen

It is a bit sickening to watch all the uproar over the markets, and then observe The Gold Cartel and US currency interventionists going all out with the same kind of activity which brought us here in the first place. They continue to thwart the free market process, thwarting the market barometers which would clue in the investing public just how egregious the US financial market situation is today. Even when the stock market reflects just that, the PPT brings it right back.

The good news for our camp is that the bigger league and smart money investors around the world are seeing through this and buying all the gold they can handle.

The Gold Cartel is making it easy for them by keeping the price too low.

Jim Willie, who will be joining the GATA gang for dinner in Toronto on Friday Night, is reporting the following, which has been confirmed:

LAST MINUTE MESSAGE: Reliable word that Bank of America branch managers just received a letter or memo from the USFed instructing them to perhaps be ready for a one-week universal shut-down of the banking system, including access to checking accounts, savings accounts and credit cards. Reliable word has it that BofA bank branches received a shipment of signs last week,

reading

“We’re sorry, but due to circumstances beyond our control, we cannot be open at this time.”

-END-

……”we’ll get most of it back”…
.

See the article by Chan @ www.321gold.com/

saw this coming 5/6 years ago.. more or less.. at that time was contacting those in charge of what was going to happen..

the idea that they listen is some sort of sick joke,,, politicians as a rule .. vote with their two/face ,,