Oldtent Archives 2007 - 2008

surely is not very complimentary of G-S.  So it makes me wonder how  Mr. Buffett feels about now being a significant financial supporter of G_S.  Presumably the rationale is that what G-S has done in the past is of no relevance to the investment decision on whether Berkshire now finds G-S to be a good investment.  I have no concept of what goes on in the heads of the super-rich, but I hope that Mr. Buffett feels content to be part of the G-S approach, if one is to believe the Fitts description of the G-S approach.  Best wishes.  Equiz.

my gut feeling is telling me it will not happen till at least the next inflationary cycles starting in 2041 and lasting to 2061.

if you think hyperinflation(Formal definitions vary from a cumulative inflation rate over three years approaching 100% to “inflation exceeding 50% a month) will happen in this inflationary cycle then you are setting yourself up to probably be disappointed.

sorry but in my opinion no hyperinflation any time soon( i dont thing i will be alive to see it in my humble opinion and i am am still under 50).

as far as your personal questions about me, i have no problem with you continuing to ask.

i got get back to the Austrian school of economics so i can develop a more unbiased approach to my thinking and discuss these disiplines with you more intellegently.

lets see what i can come up with over the next few days.

of competing aboriginal interests, although its 3-year chart below  is not pretty over the past few months

http://stockcharts.com/h-sc/ui?s=ROK.V&p=D&yr=3&mn=0&dy=0&id=p14307758614

But at least Roca’s 3-year chart looks a bit more encouraging than the same time chart for the former Gold Forum/Goldtent darling, Adanac Moly.  I’m sure it is difficult times for both of these two moly-focussed companies, but I would  expect the one that was first out of the starting gate for actual production of saleable molybdenum should have some advantage.

http://stockcharts.com/h-sc/ui?s=AUA.TO&p=D&yr=3&mn=0&dy=0&id=p11348419774

You cite one single point piece of hard data below on M3 that frankly I have a hard time reconciling with what is surely now a $14 Trillion M3 level

“Data compiled by Lombard Street Research shows that the M3 ”broad money” aggregates fell by almost $50bn (£26.8bn) in July, the biggest one-month fall since modern records began in 1959.”

Suggest that you look at the material published by Shadowstats and present contrary data from Lombard or other sources or cease promoting the idea that M3 has contracted.

 http://www.shadowstats.com/alternate_data

Now that is not to say that M3 could not substantially contract beyond the ability of the Fed/Treasury to inflate, in some future meltdown of the $600 T OTC derivatives.  I would certainly be interested in seeing a rigorous quantitative analysis of how that might occur.

great find, gotta love Ms. Fitts, glad she is on are team.

CAR3 good to see you here, I agree it’s a drag that grin has gone into hiding, though the infighting can get to you and he probably just needs a break, but he also took down his Public chart list at Stockcharts, which is a bummer, there are many good TA people on this board, but grin charts were the best IMO, wish him the best and a quick return to GT, if you can give Pittrader a heads up about GT that would be a plus, he’s more like a Pitbull than a Pittrader.

I somehow reached the tent. I found here TQ, who I believe is one of the best and which does not post much at GE. I still reade GE because I like Maddog and Pittrader there. And of course, the master Grininbarret, but unfortunatelly he is not posting his charts at all. Nevertheless, I do not like the fact that overtime they used to fight a lot there at GE (against half monty, gouldmountain, etc). But it is ok anyway. I keep reading both now. Cheers,

October 4, 2008

Harry:

Thank you for the opportunity to be on your e-mail list. I appreciate your generosity and hard work.

I am writing to ask you to unsubscribe me from your list. I value your research reports. However, it would be hypocritical of me to accept them.

I believe in death penalties for private corporations and partnerships. My vote for one of the first to be murdered is Goldman Sachs. You and your colleagues have helped to build and manage a machinery that has committed treason and genocide on a breathtaking scale. The history of Goldman Sachs over the last two decades is living proof that it is possible to kill with a financial system and a pen.

The fact that you don’t understand what you and your colleagues are doing is breathtaking. It raises more than a few questions about whether you understand what is really behind the flow of funds you track and publish.

The question before us is who will pay the price of the mess that you and your colleagues have had such a significant hand in creating:

Who will lose their business and who will keep it?
Who will lose their job and who will keep it?
Who will lose their home and who will keep it?
Who will lose their reputation and who will not?
Who will lose their family and who will not?
Who will lose their health and who will not?
Who will lose their future and who will not?
Who will lose their live and who will not?
Who will lose their freedom and who will not?

My plan for bailing out the country would include asserting common law offsets against the assets of the NY Fed member banks and all of their partners and employees who benefited up to an amount sufficient to repay $4 trillion missing from the US government, to fund losses caused by the manipulation of the precious metals markets and to fund claims of

fraudulent inducement and fraud on mortgages and mortgage securities. To fund the offsets, I would propose to seize the offshore and onshore assets of those who created the mortgage bubble and derivatives mess in the first place.

Frankly, I see no reason why millions of poor people around the world should pay a global tax through the dollar and US treasury and agency securities for which the American people are liable, so you and your colleagues can continue to live in comfort and luxury without concern that you will be held accountable to the same standards of enforcement

applied to the people who live in the communities wrecked by the mortgage, money laundering and financial fraud that made you and your clients so powerful.

It seems to me if anyone should lose their business, jobs and home, it is you and your colleagues.

Sincerely Yours,

Catherine Austin Fitts
Solari, Inc.
PO Box 157
Hickory Valley, TN 38042
www.solari.com

For your article, so what?  I have been telling anyone who will listen where we are going for years.  What is coming is inevitable, and has only been made worse by all the bailouts already given; 1% interest rates, huge infusions of money after 9-11, revolving credit facilities, allowing the derivative mountain to give the impression of the removal of risk, ARMS and a whole host of other measures designed to prop up hubristic financiers and bureaucrats.

Far from not having a bailout, I say crash the system now.  Remove FDIC deposits, withdraw all Fed and Treasury attempts to stimulate “liquidity”and aim for a short deep depression rather than the long grinding one that is now being manufactured.  Everything you say will come to pass: let it just be a year rather than a decade.

Another week behind us, another bar added to chart. This Mother of All Bull Markets lives and continues to prosper from the filth, lies, hypocrisy and cowardice of the scumbags in Washington.

All intermediate to long term moving averages shown are properly alligned and still moving higher. MACD is still coming off the most oversold level in many years and RSI is nowhere near being overbought.

The best is yet to come for those on the right side of this historic bull. JMHO, of course.

10 year - weekly

Cheers!

JBI

To me, Noland illustrates nicely how the inflation has already occurred, financed by debt.  But in assets, not consumer goods, which inflation was held down by China.  Incomes have fallen, so financing the interest payments has had to come from more loans.  With the growth in credit faltering, thus removing the only other source to pay the interest on that debt, assets are being liquidated causing deflation in asset values, eventually leading to default on the debt, which will cause deflation in money supply.  In Australia, consumer debt has fallen (that is, absolute debt, not growth of debt) for the last three months.

here here

Bring it all down! - Pay the price, and rebuild the Union… better than the slow death of freedom through fiat.

To those who voted for: “May you wear your chains lightly… and may history forget that you were our countrymen.”

PM

majed @ 18:01 pm

-> Posted by ment17 @ 18:10 pm on October 4, 2008

you are using alot of words to say nothing

That about sums it up.

You a Banker? or some other liberal member of the financial industry which got us all into this mess?   Just curious!

NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO BAILOUT!!!!!!!!!!!!!!!!!!

you are using alot of words to say nothing ,,

the problem is the keynesian model that you approve of .. are part of and a champion with the constant harping on socialist ideals and murky and out dated economic models

how old are you … who do you work for why are you proping up an agendy that is slow poison ..

i am 67 .. work in my own business for most of my life .. used outdoor toilets as a kid.. hauled water from the pump.. used coal and wood stoves ..