Friday, 14 May 2010

May 14th, 2010 bystacyherbert
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Stacy Summary: The almighty market speaks.  And it says, “Aaaarrrrggggghhhh!!!!”  I think we are going to need some new words for ‘tumble’ and ‘plunge,’ getting a bit overused these days.

UPDATE:

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Sarkozy Threatens to Pull Out of Eurozone [UPDATED]

May 14th, 2010 bystacyherbert
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Stacy Summary: Who posted this original El Pais story earlier? It’s now being confirmed in the English speaking press as having come from Zapatero.   Let’s see how long it takes for the denials.  If you have ever seen a French movie, you will know that, to the French, threatening to commit suicide is integral to any relationship. Apparently, it’s a sign of passion and commitment . . . ?

UPDATE(S):

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Gresham’s Law Unwinds: Gold Smashes Through 1000 Euros Per Ounce; Nears 1250 USD

May 14th, 2010 bystacyherbert
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Stacy Summary: Or you could say the euro is crashing.Gresham’s Law.

From MaxKeiser.com Images
From MaxKeiser.com Images

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Gold Rage – A Complete Guide to Fear, Loathing and ‘Hysterical Antagonism’ Toward Gold

May 14th, 2010 bystacyherbert
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Stacy Summary: I’ve recently been noticing quite a bit of the gold rage Jesse refers to in this blog entry.  The Alan Greenspan essay is definitely worth reading (or re-reading) and suggests  ‘intent’ to his crimes against the markets, economy and the currency.

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[KR42] Keiser Report – Markets! Finance! Scandal!

May 13th, 2010 bystacyherbert
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Stacy Summary: We look at the scandals of perfect trading days; PIIGS flying only to fall to earth five minutes later when markets realize the Euro-Tarp ‘rescuers’ are, in fact, real bankrupt debt pigs; and Max Keiser explains high frequency terrorism in the Manchurian candidate markets. In the second half of the show, Max interviews post-neoclassical economic philosopher Damon Vrabel about the European bailout, the financial empire and the IMF, and how the right kind of republic can provide some solutions.


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The Selling Out of Germany

May 13th, 2010 byMichael Krieger
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In some ways it’s a battle of the politicians against the markets.  That’s how I do see it.  But I’m determined to win this battle.
- Angela Merkel

Gold Is Money, and Nothing Else.
- JP Morgan, testifying under oath to Congress before the Pujo Commission, 1913

The Selling Out of Germany

I feel very bad for the German people.  Not only do I feel bad for them but I can empathize.  I too am being forced to sit back and watch this comedy of errors as a corrupt, inept and increasingly dangerous class of elitist political and financial oligarchs destroys my nation.  On Sunday night an ex-client that I have remained in contact with since my days at Bernstein sent me an email with a simple question:  “What do you think of the bailout.”  I didn’t have time to answer it during trading Monday but when I finally sat down I wrote the following. [Read more →]

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California Now One of Top 10 Government Default Risks in the World

May 13th, 2010 bystacyherbert
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Stacy Summary:    How do you think residents of other US states will respond when California gets bailed out?

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Submerging Economies Becoming More Volatile & Obama Pressures Spain on Austerity

May 12th, 2010 bystacyherbert
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Stacy Summary: Love the bankrupt giving each other advice . . .   Obama encouraged European leaders to ‘act boldly’ ala Bush/Paulson with the TARP-like program?   And, by the way, aren’t US debt levels worse than Spain’s?

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Pentagon in Race for Raw Materials & French Nuclear Industry in Meltdown – Hello Iran?!

May 12th, 2010 bystacyherbert
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Stacy Summary: Speaking of the two empires (one faux, one real); the Pentagon and France are the biggest sabre rattlers for invading Iran.  Conveniently, invading Iran would solve both of their problems; though I am sure that is a TOTAL coincidence  . . .

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United Kingdom: ‘Wolfpack’ Circling for the Kill

May 12th, 2010 bystacyherbert
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Stacy Summary: How long before Cameron and Osborne are following the script, “We will deal mercilessly with the speculators.”   And after the UK, it’s France.   But with respect to European nations, I mean, come on, Norway is on their list and not Switzerland?

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Gold Hits New All Time Dollar High As Fiat Governments By and For the Bankers Losing Control

May 12th, 2010 bystacyherbert
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Stacy Summary: “Gold is getting killed!” But, seriously, two of our five main themes to look for this year as we stated in our first episode of Keiser Report of 2010, is sovereign debt crises and, with that, currency volatility. With the volatility will come wild swings for all currencies, but, imo, the trend my friend is down, down, down for all debts (including debt based currencies) in a deflationary collapse.

From MaxKeiser.com Images

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Storming Parliament, Taking Parliament

May 12th, 2010 bystacyherbert
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Stacy Summary: Good morning. Another day, another new government, another storming of Parliament (h/t Marc Authier on that).

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[KR41] Keiser Report – Future Made in China?

May 11th, 2010 bystacyherbert
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Stacy Summary: This week we look at whether or not, as Western economies collapse under the weight of all their debt, China can save the world economy. In the second half of the show, Max interviews Paul Midler, author of “Poorly Made in China”, about China’s $300 billion rail projects; how restricting liquidity in a command and control economy actually accentuates misallocation of resources; and about having to hire lawyers to find out what is in his shampoo.


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Gold Vigilantes Join Bond Vigilantes In Shootout With ECB & Fed

May 11th, 2010 bystacyherbert
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Stacy Summary: Vigilante justice! Or, once again in the words of @Mike/Liverpool . . . Gold is crashing!!!

From MaxKeiser.com Images

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Dang! Property Prices In China Up 12.8% In April!

May 11th, 2010 bystacyherbert
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Stacy Summary:  Today’s Keiser Report is all about China and we talk about the property bubble there, but my gosh, how shocking just how fast they have adapted the casino gulag economy.

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Tavakoli: It Makes No Difference Whether Humans Or Computers are Front Running & Manipulating Trades

May 10th, 2010 bystacyherbert
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Stacy Summary:  Go Janet!  She clearly knows the Chicago Way when she sees it . . .

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Moody’s CEO & Warren Buffett Dumped MCO Shares The Same Day The Company Received Wells Notice

May 10th, 2010 bystacyherbert
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Stacy Summary:  This may be yet another sinister plot by Fitch, but nevertheless, it is looking sleazier and sleazier by the day at Moody’s.

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Gordon Brown Resigns as Leader, Opening Door to Labour / Lib Dem Deal

May 10th, 2010 bystacyherbert
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Stacy Summary: h/t @Mike/Liverpool.  It’s certainly been aninteresting week in politics, economics, markets, currencies, the environment . . .

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Listen Live – Max Keiser on Alex Jones Show Today

May 10th, 2010 bystacyherbert
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Stacy Summary: In 45 minutes (at around 1pm ET) over atInfowars.com, Max will be talking about the Dow action that happened last week.

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High Frequency Terrorism: A Day That Will Live in Infamy [UPDATED]

May 10th, 2010 bystacyherbert
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Stacy Summary:  Lest we forget about last week’s news . . .

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‘Capitalists’ Around the World Celebrate the Biggest Bailout in History! [UPDATED]

May 10th, 2010 bystacyherbert
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Stacy Summary:    I always love it how over the past two years, markets grow euphoric on any state intervention in the market.  Probably a good time to offload some euros in the next few days . . . (btw, if you have lots of euros, I would buy German assets for when the euro currency dissolves; you might want to be converted back into Deutsche mark rather than franc, drachma, peso or lira).

UPDATE(S):

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Obama: Getting Information Via the Internet Is Putting Pressure on Our Democracy

May 10th, 2010 bystacyherbert
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Stacy Summary: Or that’s essentially what he is saying.  It doesn’t seem network news or newspapers is a threat in his eyes, it is a threat when you get it from unembedded sources?   Or is he saying the deployment of information as distraction should be monopolized by the government in their monopoly on propaganda?   I seem to recall, for example, his campaign releasing frivolous information about what Candidate Obama had on his iPod . . .

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Are Y’all Buckled In For ‘Wolfpack’ Monday? [UPDATED]

May 9th, 2010 bystacyherbert
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Stacy Summary:  I’m having some serious flashback action here to the Bear Stearns and Lehman Bros weekend ‘rescues.’  And, from whom exactly are Europe’s central authorities borrowing the money . . . ?

“In the night, when the markets are opening, we cannot afford a disappointment,” said Finance Minister Anders Borg of Sweden, one of 11 EU nations not in the euro. “We now see herd behavior in the markets that are really pack behavior, wolfpack behavior.”
European officials declined to disclose the size of the stabilization fund, to be made up of money borrowedby the EU’s central authorities with guarantees by national governments. The meeting started just after 3 p.m. and a press conference was scheduled for 6 p.m. Some officials said talks could last longer.

UPDATE:

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Did Warren Buffett Pump & Dump His ‘Pretty Darn Good’ Holdings of Moody’s?

May 9th, 2010 bystacyherbert
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Stacy Summary: So what did the heroic defender of Lloyd “Doing God’s Work” Blankfein know about Moody’s Wells notice when he was selling his shares?   And what did he know when pushing the ‘pretty darn good’ business model of Moodys?

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[1125] The Truth About Markets – Resonance 104.4 FM – 08 May 2010

May 8th, 2010 bystacyherbert
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Stacy Summary: We’re back. Told ya!

For more download & listening options, visit Archive dot org

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“Machete” Trailer

May 8th, 2010 bymaxkeiser
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Finally, something worthwhile comes out of Hollywood!


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[OTE53] On the Edge with Ellen Brown

May 8th, 2010 bystacyherbert
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Stacy Summary: On the Edge; guest is Ellen Brown to talk about High Frequency Trading and more.




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Greece Being Forced to Buy Arms In Exchange for Bailout Says MEP

May 8th, 2010 bystacyherbert
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Stacy Summary:   It’s the Chicago way.

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Ellen Brown – Stock Market Collapse: More Goldman Market Rigging?

May 8th, 2010 bystacyherbert
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Stacy Summary:  The latest from Ellen Brown . . . I will also, later today, be posting our interview with her for this week’s On the Edge.

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The Chicago Way – Feds Trace Flash Crash to Chicago

May 8th, 2010 bystacyherbert
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Stacy Summary:  Fat finger my ass is the best assessment I have read (on several comment threads).   And, as Max Keiser is saying, “May 6th was the first domestic financial terrorist attack in America.  A day that will live in infamy!!!

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