May 14th, 2010 by
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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:
Tags: euro · pound58 Comments
Sarkozy Threatens to Pull Out of Eurozone [UPDATED]
May 14th, 2010 by
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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):
- Sarkozy, Merkel & Zapatero deny report (h/t R.Cain)
- Greek finance ministry begins publishing names of ‘tax dodging’ doctors, threatens to seize bank accounts (notice that they are seizing the assets of doctors & lawyers, those who can’t afford to flee the country)
Tags: eurozone · france · sarkozy36 Comments
Gresham’s Law Unwinds: Gold Smashes Through 1000 Euros Per Ounce; Nears 1250 USD
May 14th, 2010 by
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Stacy Summary: Or you could say the euro is crashing.Gresham’s Law.
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| From MaxKeiser.com Images |
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| From MaxKeiser.com Images |
Tags: 1000 · euro · gold64 Comments
Gold Rage – A Complete Guide to Fear, Loathing and ‘Hysterical Antagonism’ Toward Gold
May 14th, 2010 by
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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.
Tags: alan greenspan · economic freedom · gold60 Comments
[KR42] Keiser Report – Markets! Finance! Scandal!
May 13th, 2010 by
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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.
Tags: bailouts high frequency terrorism · damon vrabel ·euro · euro-tarp · keiser report · vigilantes278 Comments
The Selling Out of Germany
May 13th, 2010 by
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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 →]
Tags: germany · gold · michael krieger17 Comments
California Now One of Top 10 Government Default Risks in the World
May 13th, 2010 by
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Stacy Summary: How do you think residents of other US states will respond when California gets bailed out?
Tags: califoria · default risk60 Comments
Submerging Economies Becoming More Volatile & Obama Pressures Spain on Austerity
May 12th, 2010 by
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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?
Tags: euro · europe · obama · spain144 Comments
Pentagon in Race for Raw Materials & French Nuclear Industry in Meltdown – Hello Iran?!
May 12th, 2010 by
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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 . . .
Tags: french nuclear industry · pentagon · raw materials25 Comments
United Kingdom: ‘Wolfpack’ Circling for the Kill
May 12th, 2010 by
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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?
Tags: cds · united kingdom12 Comments
Gold Hits New All Time Dollar High As Fiat Governments By and For the Bankers Losing Control
May 12th, 2010 by
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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.
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| From MaxKeiser.com Images |
Tags: 1232 · gold153 Comments
Storming Parliament, Taking Parliament
May 12th, 2010 by
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Stacy Summary: Good morning. Another day, another new government, another storming of Parliament (h/t Marc Authier on that).
- Cameron and Clegg Lead Coalition Into Power (SH: The question is, however, is it just more poodle power?)
Tags: cameron · clegg · irish · storm parliament60 Comments
[KR41] Keiser Report – Future Made in China?
May 11th, 2010 by
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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.
Tags: china · keiser report · max keiser · paul midler ·stacy herbert226 Comments
Gold Vigilantes Join Bond Vigilantes In Shootout With ECB & Fed
May 11th, 2010 by
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Stacy Summary: Vigilante justice! Or, once again in the words of @Mike/Liverpool . . . Gold is crashing!!!
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| From MaxKeiser.com Images |
Dang! Property Prices In China Up 12.8% In April!
May 11th, 2010 by
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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.
Tavakoli: It Makes No Difference Whether Humans Or Computers are Front Running & Manipulating Trades
May 10th, 2010 by
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Stacy Summary: Go Janet! She clearly knows the Chicago Way when she sees it . . .
Tags: manipulation · tavakoli · us market86 Comments
Moody’s CEO & Warren Buffett Dumped MCO Shares The Same Day The Company Received Wells Notice
May 10th, 2010 by
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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.
Tags: mco · moody's · warren buffett23 Comments
Gordon Brown Resigns as Leader, Opening Door to Labour / Lib Dem Deal
May 10th, 2010 by
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Stacy Summary: h/t @Mike/Liverpool. It’s certainly been aninteresting week in politics, economics, markets, currencies, the environment . . .
Tags: gordon brown30 Comments
Listen Live – Max Keiser on Alex Jones Show Today
May 10th, 2010 by
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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.
Tags: hft · max keiser35 Comments
High Frequency Terrorism: A Day That Will Live in Infamy [UPDATED]
May 10th, 2010 by
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Stacy Summary: Lest we forget about last week’s news . . .
- Manchurian Candidate Market (Ritholtz)
Tags: david degraw · federal reserve · high frequency trading · max keiser106 Comments
‘Capitalists’ Around the World Celebrate the Biggest Bailout in History! [UPDATED]
May 10th, 2010 by
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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):
Tags: bailout · eur · euro · europe134 Comments
Obama: Getting Information Via the Internet Is Putting Pressure on Our Democracy
May 10th, 2010 by
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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 . . .
Tags: distraction · information · ipod · obama · xbox19 Comments
Are Y’all Buckled In For ‘Wolfpack’ Monday? [UPDATED]
May 9th, 2010 by
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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:
Tags: euro fund · merkel · schauble · wolfpack130 Comments
Did Warren Buffett Pump & Dump His ‘Pretty Darn Good’ Holdings of Moody’s?
May 9th, 2010 by
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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?
- Moody’s, Berkshire & the SEC (Market Ticker)
Tags: moody's · sec · warren buffett · wells notice125 Comments
[1125] The Truth About Markets – Resonance 104.4 FM – 08 May 2010
May 8th, 2010 by
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“Machete” Trailer
May 8th, 2010 by
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[OTE53] On the Edge with Ellen Brown
May 8th, 2010 by
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Stacy Summary: On the Edge; guest is Ellen Brown to talk about High Frequency Trading and more.
Tags: ellen brown · max keiser · On the Edge62 Comments
Greece Being Forced to Buy Arms In Exchange for Bailout Says MEP
May 8th, 2010 by
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Ellen Brown – Stock Market Collapse: More Goldman Market Rigging?
May 8th, 2010 by
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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.
Tags: ellen brown · goldman sachs · hft · market rigging7 Comments
The Chicago Way – Feds Trace Flash Crash to Chicago
May 8th, 2010 by
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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!!!
Tags: chicago · flash trading · goldman sachs supplementary liquidity provider · program trading19 Comments
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