REAL WORLD EVENT DISCUSSIONS

NOT PN: Goldman Sachs behind every crash since 1920

POSTED BY: SIGNYM
UPDATED: Wednesday, July 29, 2009 05:09
SHORT URL:
VIEWED: 3364
PAGE 1 of 2

Saturday, July 4, 2009 7:36 AM

SIGNYM

I believe in solving problems, not sharing them.


Reported by Matt Taibbi, whom I've found to be accurate.


Matt Taibbi explains how the company created market bubbles and then profited from the crash that followed.
Quote:

Goldman Sachs has played a crucial role in creating every market bubble since the 1920s -- and has profited from not only the bubbles, but from the crash that followed as well, says a new expose in Rolling Stone magazine.

An article in the July 9-23 issue of the magazine, written by Matt Taibbi, lists five asset bubbles that the 140-year-old investment bank helped create -- and one that Taibbi asserts the firm is currently working to make happen.

The five bubbles the article says Goldman was central to creating are the Wall Street stock bubble in the 1920s, which led to the Great Depression; the tech-stock bubble of the late 1990s, which ended in the 2001 recession; the housing bubble of the past decade, which resulted in the current economic crisis; the oil price run-up last summer, when oil shot up to $140 a barrel, likely helping tilt the entire world into recession; and what Taibbi describes as "rigging the bailout," when Goldman Sachs' well-placed alumni inside the U.S. government engineered last fall's bank bailout in such a way that the company profited massively.

Taibbi writes that Goldman Sachs has traditionally been a late arrival to market bubbles, getting in once others have started the trend, but, once in, the company quickly ramps up the bubble, predicts its bursting, and then hedges its bets so as to make money from the bubble crash.

The article, adds one more bubble to the list: the "global warming bubble," or specifically, the proposed cap-and-trade legislation that would allow companies to trade pollution credits on an open market.

Taibbi's argument suggests the Wall Street bank may well want to turn climate change policy into yet another Wall Street casino game.

Because emissions caps will continually be reduced, Taibbi argues, pollution credits will constantly be growing in value, and Goldman Sachs wants in on the ground floor.

Taibbi writes: "The plan is (1) to get in on the ground floor of paradigm-shifting legislation, (2) make sure that they're the profit-making slice of that paradigm and (3) make sure the slice is -- a big slice. Goldman started pushing hard for cap-and-trade long ago, but things really ramped up last year when the firm spent $3.5 million to lobby climate issues."

On his blog, Taibbi has begun a discussion of the public reaction to his article. Some commenters have suggested that Taibbi's understanding of high finance is limited, accusing him of misreading Goldman Sachs' actions.


www.alternet.org/workplace/141088/rolling_stone_expose_declares_goldma
n_sachs_behind_every_market_crash_since_1920s
/


NOTIFY: Y   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

Saturday, July 4, 2009 9:31 AM

PIRATENEWS

John Lee, conspiracy therapist at Hollywood award-winner History Channel-mocked SNL-spoofed PirateNew.org wooHOO!!!!!!


I already posted that on Golden Sacks.

But it's old news. 120 years old, in point of fact.

You forgot to add: "Frakkin jews".


Golden Sacks' "Cash N Carry" jew aka The Mummy in charge of "Treasury"

$700 Billion [$14-Trillion] Bailout to be Run by Golden Sacks man with 6 Years Experience
www.dailykos.com/story/2008/10/6/1727/65826


Every "Federal" Reserve Bank chairman was jewish

The Protocols of Zion (as sold in Walmart and free with every Ford Model T)
http://www.biblebelievers.org.au/przion1.htm

Jewish documentary: Protocols of Zion
http://video.google.com/videoplay?docid=7169205203825782546

Quote:

"'We are benefiting from one thing, and that is the attack on the Twin Towers and Pentagon, and the American struggle in Iraq,' Ma'ariv quoted the former prime minister as saying. He reportedly added that these events 'swung American public opinion in our favor.'"
-Israeli prime minister Benjamin Netanyahu, Haaretz, Netanyahu says 9/11 terror attacks good for Israel, 16 April 2008
www.haaretz.com/hasen/spages/975574.html

"The FBI has issued a BOLO on suspected terrorists driving a white delivery van from New York City to the Mexican border. The suspects are using Israeli passports. They are armed and dangerous."
-Knox County TN Emergency 911 Dispatch, Sept 11, 2001, 11am EST
www.commondreams.org/headlines02/0622-05.htm
www.whatreallyhappened.com/WRHARTICLES/fiveisraelis.html





Quote:



"I would like to assure the world that I did not plan the recent attacks.”
—Usama bin Laden, CNN, "Bin Laden says he wasn't behind attacks," September 17, 2001
http://archives.cnn.com/2001/US/09/16/inv.binladen.denial/

"We've never made the case, or argued the case that somehow Osama bin Laden was directly involved in 9/11. That evidence has never been forthcoming."
—Dick Cheney, "Interview of the Vice President by Tony Snow", March 29, 2006
www.whitehouse.gov/news/releases/2006/03/20060329-2.html



NOTIFY: N   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

Monday, July 6, 2009 7:29 AM

PIRATECAT


My take on GS. In the mid 90s I had employee stock deducted from my paycheck. They came in bought major holdings. Next thing my company stock is sold and returned to me. Does that seem right to you? Of course it boomed and I was out. So I knew something was afoot but didn't realize how greedy they are. At that time they where huge players what ever they touched made money. This is why jews get hated they come to the trough and just take.

"Battle of Serenity, Mal. Besides Zoe here, how many-" "I'm talkin at you! How many men in your platoon came out of their alive".

NOTIFY: Y   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

Monday, July 6, 2009 11:49 AM

OLDENGLANDDRY


Replace the word "Jews" with "Capitalists" and you'r at least pointing in the right direction.

NOTIFY: Y   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

Monday, July 6, 2009 3:28 PM

PIRATECAT


Nope gonna stick with jews you commie.

"Battle of Serenity, Mal. Besides Zoe here, how many-" "I'm talkin at you! How many men in your platoon came out of their alive".

NOTIFY: Y   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

Monday, July 6, 2009 9:15 PM

CANTTAKESKY


The article is here:

http://sites.google.com/site/disclosuredelta/

Quote:

What you need to know is the big picture: If America is circling the drain, Goldman Sachs has found a way to be that drain - an extremely unfortunate loophole in the system of Western democratic capitalism, which never foresaw that in a society governed passively by free markets and free elections, organized greed always defeats disorganized democracy.


Yet another person who equates their idea of not-enough-government-regulation with "free market."

Yet everything GS did, they did with government support and regulation, beginning with the legal institution of the Federal Reserve, to the legal personhood of the corporation, to the legal restrictions of stock exchanges, to the legal bailouts at taxpayer expense. What he sees as examples of government not governing enough, I see as government-created nightmares to begin with.

Here is the key to understanding the "free market" misunderstanding: the perception of the word, "legal." For many, the word "legal" means there is no government regulation. But what they don't realize that the only way for government to make something legal is to make something illegal to begin with. The government doesn't make laws stating, "Activity X is legal." They write laws stating, "Activity Y is illegal."

The entire financial system is built on rich people using government regulations to keep poor players out, so they have the only legal keys (wealth) to open the market doors. What we have is not a market free for everyone, but a plutocratic market that is free for those rich enough to be members. BIG difference.

-------

As an aside, what's with all the racist and religious prejudice bullshit? If Goldman and Sachs were Vietnamese Buddhists, would that justify deprecations against Vietnamese Buddhists in general?

Grow up. You too, PN. Judaism has no more to do with greed and perfidy than being Christian or Muslim.

NOTIFY: Y   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

Tuesday, July 7, 2009 3:12 PM

SIGNYM

I believe in solving problems, not sharing them.


Curiouser and curiouser. You know that most investment firms trade based on proprietary computer programs, right? Well, apparently someone stole Goldman Sach's software, and...
Quote:

(Reuters) - The purported theft of a Goldman Sachs (GS.N) trading platform threatens to cost it millions of dollars, a prosecutor told a court, but so far the bank has not reported damage to its business.

Questions were raised about the security of proprietary trading systems at a court hearing on July 4 for a former Goldman computer programer arrested on a charge of stealing the information, which was copied to a server in Germany. If the stolen information, or trading code, is allowed to go to a competitor who can start trading with it, "the bank itself stands lose its entire investment in creating this software to begin with, which is millions upon millions of dollars," warned U.S. prosecutor Joseph Facciponte, according to a transcript of Saturday's proceeding. He added that because of the way this software interfaces with the various markets and exchanges, the bank has warned it could be used to "manipulate markets in unfair ways."

Well, since a competitor could use Godman Sachs' software to maniupulate markets, I suppose that means Goldman Sachs could too. But they would NEVER do that.

Would they?




NOTIFY: Y   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

Wednesday, July 8, 2009 6:03 AM

CANTTAKESKY


Quote:

Originally posted by SignyM:
But they would NEVER do that.

Would they?




LOL. Oh no!! We all know that rich people are honest and fair and above reproach in all business dealings. (Rolling eyes.)

So that is the best they can come up with after the Rolling Stone article? That they're too incompetent to secure their software and codes, and that they are framed by someone ELSE who is manipulating the market on their behalf?

There is a simple solution to all this: Follow the money. People lie all the time, but the path of money flow doesn't.

NOTIFY: Y   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

Wednesday, July 8, 2009 1:29 PM

SIGNYM

I believe in solving problems, not sharing them.


Here's the article. The link works for me, so I hope it works for you

INTRO
Quote:

The first thing you need to know about Goldman Sachs is that it's everywhere. The world's most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.

Any attempt to construct a narrative around all the former Goldmanites in influential positions quickly becomes an absurd and pointless exercise, like trying to make a list of everything. What you need to know is the big picture: If America is circling the drain, Goldman Sachs has found a way to be that drain — an extremely unfortunate loophole in the system of Western democratic capitalism, which never foresaw that in a society governed passively by free markets and free elections, organized greed always defeats disorganized democracy.

They achieve this using the same playbook over and over again. The formula is relatively simple: Goldman positions itself in the middle of a speculative bubble, selling investments they know are crap. Then they hoover up vast sums from the middle and lower floors of society with the aid of a crippled and corrupt state that allows it to rewrite the rules in exchange for the relative pennies the bank throws at political patronage. Finally, when it all goes bust, leaving millions of ordinary citizens broke and starving, they begin the entire process over again, riding in to rescue us all by lending us back our own money at interest, selling themselves as men above greed, just a bunch of really smart guys keeping the wheels greased. They've been pulling this same stunt over and over since the 1920s — and now they're preparing to do it again, creating what may be the biggest and most audacious bubble yet.


www.rollingstone.com/politics/story/28816321/the_great_american_bubble
_machine




NOTIFY: Y   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

Saturday, July 11, 2009 6:05 AM

OUT2THEBLACK


http://www.alternet.org/workplace/141192/big_bankers_mounting_sneak_at
tack_on_consumers
/

And , the ' sheriff of Wall Street ', former NY Governor Spitzer , says that the Federal Reserve is a Ponzi scheme :

Spitzer: Federal Reserve is ‘a Ponzi scheme, an inside job’

by Daniel Tencer

Global Research, July 28, 2009
Raw Story - 2009-07-25


http://globalresearch.ca/index.php?context=va&aid=14559

'...The Federal Reserve — the quasi-autonomous body that controls the US’s money supply — is a “Ponzi scheme” that created “bubble after bubble” in the US economy and needs to be held accountable for its actions, says Eliot Spitzer, the former governor and attorney-general of New York.

In a wide-ranging discussion of the bank bailouts on MSNBC’s Morning Meeting, host Dylan Ratigan described the process by which the Federal Reserve exchanged $13.9 trillion of bad bank debt for cash that it gave to the struggling banks.

Spitzer — who built a reputation as “the Sheriff of Wall Street” for his zealous prosecutions of corporate crime as New York’s attorney-general and then resigned as the state’s governor over revelations he had paid for prostitutes — seemed to agree with Ratigan that the bank bailout amounts to “America’s greatest theft and cover-up ever.”

Advocating in favor of a House bill to audit the Federal Reserve, Spitzer said: “The Federal Reserve has benefited for decades from the notion that it is quasi-autonomous, it’s supposed to be independent. Let me tell you a dirty secret: The Fed has done an absolutely disastrous job since [former Fed Chairman] Paul Volcker left.

“The reality is the Fed has blown it. Time and time again, they blew it. Bubble after bubble, they failed to understand what they were doing to the economy.

“The most poignant example for me is the AIG bailout, where they gave tens of billions of dollars that went right through — conduit payments — to the investment banks that are now solvent. We [taxpayers] didn’t get stock in those banks, they didn’t ask what was going on — this begs and cries out for hard, tough examination.

“You look at the governing structure of the New York [Federal Reserve], it was run by the very banks that got the money. This is a Ponzi scheme, an inside job. It is outrageous, it is time for Congress to say enough of this. And to give them more power now is crazy.

“The Fed needs to be examined carefully.”

Spitzer resigned as governor of New York in March, 2008, after news reports stated he had paid for a $1,000-an-hour New York City call girl.

At the time, Spitzer had been raising the alarm about sub-prime mortgages. In the wake of the economic meltdown triggered last fall by sub-prime loans, some observers have suggested that Spitzer may have been targeted by law enforcement because of his high-profile opposition to Wall Street financial policies.

Investigative reporter Greg Palast wrote that federal agents’ revealing of Spitzer’s identity as a call-girl customer was no coincidence.

Palast wrote that the principle of “prosecutorial discretion” is often used to keep the names of high-profile persons out of the media when they are tangentially linked to a criminal investigation. In the case of Spitzer, the Justice Department chose not to invoke prosecutorial discretion.

Funny thing, this ‘discretion.’ For example, Senator David Vitter, Republican of Louisiana, paid Washington DC prostitutes to put him in diapers (ewww!), yet the Senator was not exposed by the US prosecutors busting the pimp-ring that pampered him.

Naming and shaming and ruining Spitzer – rarely done in these cases - was made at the ‘discretion’ of Bush’s Justice Department.

Spitzer recently told Bloomberg News that President Obama’s regulatory reforms of the financial sector are “irrelevant” because regulatory agencies have not been enforcing corporate laws to begin with.

“Regulatory agencies already had the power to do everything they needed to do,” he said. “They just affirmatively chose not to do it.”

The following video was broadcast on MSNBC’s Morning Meeting, Friday, July 24, 2009, and uploaded to YouTube July 25, 2009:'

http://forum.colbertnation.com/tcr/board/message?board.id=politics&mes
sage.id=14147


http://endthefed.us/

Here's Matt from Rolling Stone , in his youTube video about Goldman Sachs and their speculating and profit-taking at YOUR expense :

http://www.brasschecktv.com/page/674.html

NOTIFY: Y   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

Tuesday, July 14, 2009 11:09 AM

SIGNYM

I believe in solving problems, not sharing them.


NEW YORK (Reuters) - Goldman Sachs Group Inc said quarterly earnings surged 33 percent on blowout trading results, trouncing forecasts and putting the bank on pace for hefty bonuses that could draw unwanted scrutiny.

Quote:

The results continued Goldman's extraordinary rebound from a near meltdown of the U.S. banking industry last fall that led to a $125 billion taxpayer bailout for its largest members. Goldman set aside $6.65 billion for salary, bonuses and benefits in the quarter, up by nearly half from the quarter ended in May last year. That puts the average Goldman employee on pace to earn more than $900,000 this year. Chief Executive Lloyd Blankfein, senior officers and star traders will likely receive tens of millions of dollars.

The U.S. government wanted "to make sure that the banks are making money, so they do make money," said Francis Campeau, a broker at MF Global Canada in Montreal. "The flip side is now one could argue they're making too much."





NOTIFY: Y   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

Tuesday, July 14, 2009 11:25 AM

OUT2THEBLACK


Goldman Sachs Bribed Senate To Pass Bailout Bill



Obama Working for Goldman Sachs?



Video of Air Force One and a fighter jet taking a second pass around 30 Hudson in Jersey City, NJ.



Hey , Uncle ScamBO , who's yo' daddy ?

NOTIFY: Y   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

Tuesday, July 14, 2009 11:35 AM

OUT2THEBLACK


"...I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."

Thomas Jefferson, (Attributed)
3rd president of US (1743 - 1826)

http://www.quotationspage.com/quote/37700.html

NOTIFY: Y   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

Wednesday, July 15, 2009 7:50 AM

KWICKO

"We'll know our disinformation program is complete when everything the American public believes is false." -- William Casey, Reagan's presidential campaign manager & CIA Director (from first staff meeting in 1981)


Quote:

Originally posted by SignyM:
NEW YORK (Reuters) - Goldman Sachs Group Inc said quarterly earnings surged 33 percent on blowout trading results, trouncing forecasts and putting the bank on pace for hefty bonuses that could draw unwanted scrutiny.

Quote:

The results continued Goldman's extraordinary rebound from a near meltdown of the U.S. banking industry last fall that led to a $125 billion taxpayer bailout for its largest members. Goldman set aside $6.65 billion for salary, bonuses and benefits in the quarter, up by nearly half from the quarter ended in May last year. That puts the average Goldman employee on pace to earn more than $900,000 this year. Chief Executive Lloyd Blankfein, senior officers and star traders will likely receive tens of millions of dollars.

The U.S. government wanted "to make sure that the banks are making money, so they do make money," said Francis Campeau, a broker at MF Global Canada in Montreal. "The flip side is now one could argue they're making too much."







Didn't Bernie Madoff claim earnings like that? Actually, I don't think even his claims were THAT outrageous, and he's still convicted of running a Ponzi scheme! How long before Goldman is found to be doing the same thing?

Mike

Build a man a fire and he'll be warm for a day...
Set a man on fire and he'll be warm for the rest of his life.


If it wasn't for my horse, I wouldn't have spent that year in college...

NOTIFY: Y   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

Wednesday, July 15, 2009 10:10 AM

OUT2THEBLACK


Quote:

Originally posted by Kwicko:
Quote:

Originally posted by SignyM:
NEW YORK (Reuters) - Goldman Sachs Group Inc said quarterly earnings surged 33 percent on blowout trading results, trouncing forecasts and putting the bank on pace for hefty bonuses that could draw unwanted scrutiny.

Quote:

The results continued Goldman's extraordinary rebound from a near meltdown of the U.S. banking industry last fall that led to a $125 billion taxpayer bailout for its largest members. Goldman set aside $6.65 billion for salary, bonuses and benefits in the quarter, up by nearly half from the quarter ended in May last year. That puts the average Goldman employee on pace to earn more than $900,000 this year. Chief Executive Lloyd Blankfein, senior officers and star traders will likely receive tens of millions of dollars.

The U.S. government wanted "to make sure that the banks are making money, so they do make money," said Francis Campeau, a broker at MF Global Canada in Montreal. "The flip side is now one could argue they're making too much."







Didn't Bernie Madoff claim earnings like that? Actually, I don't think even his claims were THAT outrageous, and he's still convicted of running a Ponzi scheme! How long before Goldman is found to be doing the same thing?

Mike




Perhaps about the same time that folk stop somnambulating and realize that the 'Federal Reserve' is also a Private Bankster Ponzi scheme...


NOTIFY: Y   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

Wednesday, July 15, 2009 11:44 AM

KWICKO

"We'll know our disinformation program is complete when everything the American public believes is false." -- William Casey, Reagan's presidential campaign manager & CIA Director (from first staff meeting in 1981)


Can I have all your federal reserve ponzi notes, then? Since they're not money and they're not real, will you just give them all to me?

NOTIFY: Y   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

Wednesday, July 15, 2009 11:52 AM

OUT2THEBLACK


Quote:

Originally posted by Kwicko:
Can I have all your federal reserve ponzi notes, then? Since they're not money and they're not real, will you just give them all to me?



No , that would only encourage the maintaining of the Bankster Monopoly...

I only give 'em to Folk that are diligent enough to do their own research , discover the Truth , and work against the status quo .

NOTIFY: Y   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

Wednesday, July 15, 2009 12:34 PM

KWICKO

"We'll know our disinformation program is complete when everything the American public believes is false." -- William Casey, Reagan's presidential campaign manager & CIA Director (from first staff meeting in 1981)


So you DO agree that they have value!

NOTIFY: Y   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

Thursday, July 16, 2009 3:53 AM

OUT2THEBLACK


Quote:

Originally posted by Kwicko:
So you DO agree that they have value!



Sure...

But the 'value' is related more to perception and to the quantity of 'notes' in circulation than to actual 'worth',
which is a characteristic 'intrinsic' to all 'fiat' currencies...

Just like 'Zimbucks'...Sure they have 'value' !

But , as it turns out , that 'value' is perishable , and over time , virtually nil...

NOTIFY: Y   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

Thursday, July 16, 2009 6:25 AM

SIGNYM

I believe in solving problems, not sharing them.


In the past ten years, gold has been as low as $250/ oz and as high as $1000/ oz, more volatile than the value of the US dollar. I don't see anything "intrinsic" in the value of gold, as it seems to be subject to wild speculative swings. Gold, as an investment, is like anything else. It goes up. It goes down.

NOTIFY: Y   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

Thursday, July 16, 2009 6:25 AM

KWICKO

"We'll know our disinformation program is complete when everything the American public believes is false." -- William Casey, Reagan's presidential campaign manager & CIA Director (from first staff meeting in 1981)


But you can say the same of ANYTHING - be it rubies, diamonds, silver, gold, iridium, uranium, paper, tulip bulbs, mattresses, water, black pepper, salt...

At one time or another, nearly everything has been "valuable" - not necessarily because it had any actual or "real" worth, but because there was a hot market for it. Even rocks. Remember Pet Rocks?

And yes, even gold has seen its value rise or tank solely dependent on whether it was deemed to be "in style" at a certain point or not.

Mike

Build a man a fire and he'll be warm for a day...
Set a man on fire and he'll be warm for the rest of his life.


If it wasn't for my horse, I wouldn't have spent that year in college...

NOTIFY: Y   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

Thursday, July 16, 2009 11:36 AM

OUT2THEBLACK


Quote:

Originally posted by SignyM:
In the past ten years, gold has been as low as $250/ oz and as high as $1000/ oz, more volatile than the value of the US dollar. I don't see anything "intrinsic" in the value of gold, as it seems to be subject to wild speculative swings. Gold, as an investment, is like anything else. It goes up. It goes down.



Versus the 'value' of the US dollar , gold has done very well over the past century , whereas Federal Reserve Notes have been devalued to the point of being worth *maybe* 2% of the value they purportedly held at the inception of the Federal Reserve...

Therefore , gold has done well , has never been out of fashion , and the Federal Reserve note has done well only for the Bankster Monopoly...

The reason why SignyM and her ilk never realize that they're being robbed blind , is that they're *already* blind...

No wonder they can't 'do the math'...

They also never realize that commodities of intrinsic value , like gold , are being valued in ever-shifting , ever-manipulated
Federal Reserve 'dollars'...

Duh !

NOTIFY: Y   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

Thursday, July 16, 2009 12:01 PM

SIGNYM

I believe in solving problems, not sharing them.


Quote:

...like gold , are being valued in ever-shifting , ever-manipulated Federal Reserve 'dollars'...
Do you suppose that you can argue your point w/o being insulting, or is that impossible? I've also compared the price of gold against other currencies.

Gold has an "instrinsic" value. It is a wonderful conductor which doesn't tarnish. Silver is a fantastic dinsinfectant: silver water-purifying filters are worth their weight in... uh, salt. Salt ALSO has an intrinsic value. "Back in the day", when people far-removed from the ocean had a hard time getting salt, it was extremely valuable. There was a plant used for birth control which had its own intrinsic value, and was part of the currency. Intrinsic value is what you can do with something.


NOTIFY: Y   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

Thursday, July 16, 2009 12:53 PM

KWICKO

"We'll know our disinformation program is complete when everything the American public believes is false." -- William Casey, Reagan's presidential campaign manager & CIA Director (from first staff meeting in 1981)


Quote:

Intrinsic value is what you can do with something.



Or what you can convince someone else it's worth. That goes for "dollars" AND gold. And salt, tulips, beads, heroin, guns, cargo...

NOTIFY: Y   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

Saturday, July 18, 2009 9:51 AM

SIGNYM

I believe in solving problems, not sharing them.


Back on topic:

The Scandal Continues: The Billions in Govt. Cash Behind Goldman's "Profits"

By Matt Taibbi, True/Slant. July 17, 2009.
Quote:

That Goldman Sachs is getting away with robbery is bad enough -- that they're getting praised for being so smart is damn near intolerable.
"Equity underwriting boomed during the period as dozens of banks raised money to strengthen capital and repay Troubled Asset Relief Program funds. The business reported record revenue of $736 million.via Article - WSJ.com."

So what’s wrong with Goldman posting $3.44 billion in second-quarter profits, what’s wrong with the company so far earmarking $11.4 billion in compensation for its employees? What’s wrong is that this is not free-market earnings but an almost pure state subsidy.

Last year, when Hank Paulson told us all that the planet would explode if we didn’t fork over a gazillion dollars to Wall Street immediately, the entire rationale not only for TARP but for the whole galaxy of lesser-known state crutches and safety nets quietly ushered in later on was that Wall Street, once rescued, would pump money back into the economy, create jobs, and initiate a widespread recovery. This, we were told, was the reason we needed to pilfer massive amounts of middle-class tax revenue and hand it over to the same guys who had just blown up the financial world. We’d save their asses, they’d save ours. That was the deal.

It turned out not to happen that way. We constructed this massive bailout infrastructure, and instead of pumping that free money back into the economy, the banks instead simply hoarded it and ate it on the spot, converting it into bonuses. So what does this Goldman profit number mean? This is the final evidence that the bailouts were a political decision to use the power of the state to redirect society’s resources upward, on a grand scale. It was a selective rescue of a small group of chortling jerks who must be laughing all the way to the Hamptons every weekend about how they fleeced all of us at the very moment the game should have been up for all of them.


www.alternet.org/workplace/141417/the_scandal_continues%3A_the_billion
s_in_govt._cash_behind_goldman%27s_%22profits%22
/

AMEN!


NOTIFY: Y   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

Saturday, July 18, 2009 10:11 AM

OUT2THEBLACK


Quote:

Originally posted by SignyM:
Do you suppose that you can argue your point w/o being insulting, or is that impossible?

Gold has an "instrinsic" value. It is a wonderful conductor which doesn't tarnish. Silver is a fantastic dinsinfectant: silver water-purifying filters are worth their weight in... uh, salt. Salt ALSO has an intrinsic value. "Back in the day", when people far-removed from the ocean had a hard time getting salt, it was extremely valuable. There was a plant used for birth control which had its own intrinsic value, and was part of the currency. Intrinsic value is what you can do with something.





Insulting ?

You mean , as when you call a woman that you disagree with the Anglo-Saxon 'c' word derived from the Latin cunnus,
or when you call Ron Paul an 'idiot' ?

Being that Dr. Paul is plainly smarter than you , that doesn't leave you in such a good place , now does it ?

Kind of makes you look like a hypocrite at best , or worse , a sociopath , since the rules that you'd like to apply to everyone else plainly don't likewise apply to you...

Hey , yeah , that reminds me , what about the part where you was getting off this boat , was that just another attention-getting ploy ?

Oh , BTW , I looked and couldn't find reference to gold having an "instrinsic" value...Whatever do you mean ?


NOTIFY: Y   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

Saturday, July 18, 2009 10:22 AM

SIGNYM

I believe in solving problems, not sharing them.


Quote:

Insulting ? You mean , as when you call a woman that you disagree with the Anglo-Saxon 'c' word derived from the Latin cunnus,
or when you call Ron Paul an 'idiot' ? Being that Dr. Paul is plainly smarter than you , that doesn't leave you in such a good place , now does it ?

Is this what you do when you have nothing of substance to say? Resort to insulting and demeaning anyyone who disagrees with you, without ever addressing the topic?

NOTIFY: Y   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

Saturday, July 18, 2009 10:23 AM

OUT2THEBLACK


Quote:

Originally posted by SignyM:
Back on topic:

The Scandal Continues: The Billions in Govt. Cash Behind Goldman's "Profits"

By Matt Taibbi, True/Slant. July 17, 2009.
Quote:

That Goldman Sachs is getting away with robbery is bad enough -- that they're getting praised for being so smart is damn near intolerable.
"Equity underwriting boomed during the period as dozens of banks raised money to strengthen capital and repay Troubled Asset Relief Program funds. The business reported record revenue of $736 million.via Article - WSJ.com."

So what’s wrong with Goldman posting $3.44 billion in second-quarter profits, what’s wrong with the company so far earmarking $11.4 billion in compensation for its employees? What’s wrong is that this is not free-market earnings but an almost pure state subsidy.

Last year, when Hank Paulson told us all that the planet would explode if we didn’t fork over a gazillion dollars to Wall Street immediately,

...It turned out not to happen that way. We constructed this massive bailout infrastructure, and instead of pumping that free money back into the economy, the banks instead simply hoarded it and ate it on the spot, converting it into bonuses. So what does this Goldman profit number mean? This is the final evidence that the bailouts were a political decision to use the power of the state to redirect society’s resources upward, on a grand scale.




www.alternet.org/workplace/141417/the_scandal_continues%3A_the_billion
s_in_govt._cash_behind_goldman%27s_%22profits%22
/

AMEN!




Why the AMEN ?

Which side are you cheering for , anyway ?

As Pirate News ably pointed out , none of this is 'News' to anyone paying even slight attention...

It was good of you to bring the thread , maybe some more Folk will pick up on some of these facts...

But , the supposed 'crazytalkers' have been ahead of you all along...

There were a number of Folk warning that this would happen , was happening , and now the slow kids come along and 'discover' it...

So it has ever been...

NOTIFY: Y   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

Saturday, July 18, 2009 10:27 AM

OUT2THEBLACK


Quote:

Originally posted by Kwicko:

At one time or another, nearly everything has been "valuable" - not necessarily because it had any actual or "real" worth, but because there was a hot market for it. Even rocks. Remember Pet Rocks?

And yes, even gold has seen its value rise or tank solely dependent on whether it was deemed to be "in style" at a certain point or not.

Mike





Historical cites , please...

When has gold EVER been not "in style" ?

NOTIFY: Y   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

Saturday, July 18, 2009 10:31 AM

SIGNYM

I believe in solving problems, not sharing them.


I've known for decades that the rich conspire to swindle everyone else, that massive concentration of wealth can only be the result of theft and fraud. If you haven't figured that out, you haven't read any of my posts over the last four or five years. What I find interesting is GOLDMAN SACHS being pinpointed among all of the other potential candidates for the "swine of the century" nomination.

I even think that modern banking is intrinsically dishonest. Where you and I differ is the "Fed and fiat money is at the root of all evil" mantra. Collapses have occurred as far back as during the Roman Empire and the French monarchy of Louis XIV, long before fiat money was invented. The root of the problem seems to be deeper.

NOTIFY: Y   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

Saturday, July 18, 2009 11:26 AM

OUT2THEBLACK


Quote:

Originally posted by SignyM:
I've known for decades that the rich conspire to swindle everyone else, that massive concentration of wealth can only be the result of theft and fraud. If you haven't figured that out, you haven't read any of my posts over the last four or five years. What I find interesting is GOLDMAN SACHS being pinpointed among all of the other potential candidates for the "swine of the century" nomination.

I even think that modern banking is intrinsically dishonest. Where you and I differ is the "Fed and fiat money is at the root of all evil" mantra. Collapses have occurred as far back as during the Roman Empire and the French monarchy of Louis XIV, long before fiat money was invented. The root of the problem seems to be deeper.




It is deeper .

And , there are solutions to the problem that are thousands of years older than Kondratieff...

But , you won't like the solutions .

Sorry , out of time for re-treading the same old roads with you .

NOTIFY: Y   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

Sunday, July 19, 2009 9:29 AM

OUT2THEBLACK


Quote:

Originally posted by SignyM:
Quote:

Insulting ? You mean , as when you call a woman that you disagree with the Anglo-Saxon 'c' word derived from the Latin cunnus,
or when you call Ron Paul an 'idiot' ? Being that Dr. Paul is plainly smarter than you , that doesn't leave you in such a good place , now does it ?

Is this what you do when you have nothing of substance to say? Resort to insulting and demeaning anyyone who disagrees with you, without ever addressing the topic?



So you are denying having made those statements ?

Or , just deflecting and attempting to disinform ?

NOTIFY: Y   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

Friday, July 24, 2009 10:39 AM

OUT2THEBLACK


HSL's suspicion: "Another FDR-style 'bank holiday' of indefinite length, perhaps soon, to let the insiders sort out the bank mess, which (despite their rosy propaganda campaign) is getting more out of their control every day. Insiders want to impose new bank rules. Widespread nationalization could result, already underway. It could also lead to a formal U.S. dollar devaluation, as FDR did by revaluing gold (and then confiscating it)."

HSL is still sticking with its 20-year "V" formation forecast, but emphasizes that within the current 10-year downtrend phase there will be rallies that will "last 1-2 years." It attributes its current success to "successfully trading almost daily, especially in commodity stocks (coal/potash/energy/ fertilizer/gold). Take profits constantly and rebuy on mini pullbacks. Prefer non-U.S. dollar companies; many such companies are listed in U.S. & Canada or Australia."

http://www.marketwatch.com/story/schultz-paints-bleak-picture-of-futur
e


NOTIFY: Y   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

Friday, July 24, 2009 11:15 AM

RUE

I have a vote and I'm not afraid to use it!


"So you are denying having made those statements ?"

As an observer trying to find who has the stronger case, I don't find them in this thread. Do you have a link ? I would prefer a link since this is not easily searched through google, like, say, an online news article would be.

Also, do you understand the context of the alleged statements ? For example (and remember, you have a hard time with illustrative examples and understanding them IN CONTEXT) they may have been done in reply to similar statements: 'you're a liar !' followed by 'YOU'RE a BIGGER liar !'

And finally, do you have anything to say ON TOPIC. I'm guessing not.

***************************************************************

Silence is consent.

NOTIFY: N   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

Friday, July 24, 2009 11:22 AM

SIGNYM

I believe in solving problems, not sharing them.


Quote:

So you are denying having made those statements ?
Do you recall that I used the word c*nt to illustrate what I usually DON'T do? I even followed up that post with an explanation about what I was trying to demonstrate. So be a dear. Find that post and refresh your memory.

Also, Ron Paul IS an idiot.
Quote:

Being that Dr. Paul is plainly smarter than you
Sure. Right.




NOTIFY: Y   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

Friday, July 24, 2009 6:44 PM

KWICKO

"We'll know our disinformation program is complete when everything the American public believes is false." -- William Casey, Reagan's presidential campaign manager & CIA Director (from first staff meeting in 1981)


Quote:


Being that Dr. Paul is plainly smarter than you...



Of course, you have no kind of evidentiary basis to make such a claim. You SHOULD say, "Being that Dr. Paul plainly holds opinions that I agree with more than yours..."

You have absolutely no way of knowing how smart Dr. Paul is, how smart Signy is, or I, or much of anyone else here. So the end result of claims such as yours "plainly" leave you looking much less than "smart".

NOTIFY: Y   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

Saturday, July 25, 2009 9:44 AM

ANTHONYT

Freedom is Important because People are Important


"But, the supposed 'crazytalkers' have been ahead of you all along..."

Hello,

I can't really agree with this assessment.

If I say, for instance, (and I am not saying this. This is an example.) that a housing bubble will develop as a product of government mishandling of the economy in favor of business elements at the expense of consumers and by the will of Xenu, master of the universe and devourer of souls...

This does not mean that I get to declare a victory of prophesy if later a housing bubble does develop. Even if there were an article saying that it was due to the government mishandling the economy in favor of business elements at the expense of consumers. The reason I can NOT declare victory is because I castrated my argument by packaging it with the aforementioned 'crazytalk' of including Xenu, master of the universe and devourer of souls.

Crazytalkers lack credibility, and this is not because they are always wrong. It is rather because they make fantastical leaps beyond logic and provability, entering a fantasyland so incredible that it renders all their observations and predictions suspect. Crazytalkers have universally been their own worst enemy, the proverbial 'Men in Black' who make a situation so preposterous that it can't be believed by the average person even if it happens by chance to be true.

So, it might be that the 'crazytalkers' are right all the time. Unfortunately they are also simultaneously raving lunatics who accompany their true statements with ludicrous gibberish. This makes believing what they say somewhat problematic.

As a child, I wondered if having your eyes open to the naked truth of things would inevitably cook your brain to such a degree that you are rendered mad. There was once an Outer Limits episode, or perhaps it was a Twilight Zone episode that touched on this. One character stumbled onto an 'ultimate truth' and it drove him insane. He began to spread the ultimate truth to others, and they went insane as well. The suggestion was that eventually the entire world would be exposed to the truth, and become utterly insane.

One is left to wonder what the benefit of ultimate truth is, if it must be packaged with madness.

This is why crazytalkers fail, shaking their heads in bewilderment when others rediscover their truths through means that do not involve insanity, and then declare the discovery as new knowledge. In effect, it is new knowledge. It is the acquisition of a truth without the clutter of madness. We can probably all agree that we'd rather have truth absent of madness, than truth at the expense of sanity and rational thought.

--Anthony

"Liberty must not be purchased at the cost of Humanity." --Captain Robert Henner

NOTIFY: Y   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

Saturday, July 25, 2009 1:49 PM

FREMDFIRMA


Yes, but that doesn't take into account "those who walk between" - folk who can pick the truth out of the crazy, who might be a little odd themselves, yet still retain sanity enough to apply what they learn, oft times most effectively.

That said, the oracle gig sucks pretty hard when folk who DID NOT LISTEN when it really mattered, come schmoozing up to you and begging for advice once it's too damn late to do anything about it, and I've recently experienced enough personal trauma on that front that I've started to wonder of the benefit of telling folk anything to begin with.

-F

NOTIFY: N   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

Sunday, July 26, 2009 5:48 AM

BIGDAMNNOBODY


Quote:

Originally posted by rue:
And finally, do you have anything to say ON TOPIC. I'm guessing not.


Maybe you care to illuminate me as to what your one and only post in this thread has to do with Goldman Sachs. In the interests of fairness and impartiality, of course.

NOTIFY: N   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

Sunday, July 26, 2009 8:57 AM

OUT2THEBLACK


Quote:

Originally posted by SignyM:
Quote:

So you are denying having made those statements ?
Do you recall that I used the word c*nt to illustrate what I usually DON'T do? I even followed up that post with an explanation about what I was trying to demonstrate. So be a dear. Find that post and refresh your memory.

Also, Ron Paul IS an idiot.
Quote:

Being that Dr. Paul is plainly smarter than you
Sure. Right.




Fortunately for you , the Dr. is in...

He will see you now...

Dr. Paul has 250 co-sponsors for his bill to Audit the Federal Reserve :

http://www.moneymorning.com/2009/07/21/federal-reserve-fight/

'...In any case, Paul’s proposal to audit the Fed would bring central bank operations more under the control of politicians, who supposedly would be able to expose unpopular goings-on and unexpected losses in the Fed’s operations. That’s why it has attracted bipartisan support.'

'Course , there are other points of view :

http://www.moneymorning.com/2009/06/18/obamas-financial-system/

'...U.S. President Barack Obama took a swipe at Wall Street yesterday (Wednesday) as he unveiled a sweeping 85-page proposal to reinvigorate government regulation of the U.S. financial markets by giving the Federal Reserve new powers to supervise the economy.'


Why what's good for Goldman-Sachs is BAD for the Nation:

http://dailyreckoning.com/whats-good-for-goldman-is-bad-for-the-nation/

'...Now, consumers are paying off debt faster than any time since 1952. The government, however, is making up for them. Goldman may no longer be able to push more credit onto the public; but it can push one heckuva lot of debt onto the public sector. Wall Street firms helped households ruin themselves in the Bubble of 2003-2007. Now they’re doing the same for the government, helping the feds raise money on a scale never seen before in human history.

As we said…no wonder they’re making money. Too bad.'










NOTIFY: Y   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

Sunday, July 26, 2009 9:39 AM

KWICKO

"We'll know our disinformation program is complete when everything the American public believes is false." -- William Casey, Reagan's presidential campaign manager & CIA Director (from first staff meeting in 1981)


Quote:

'...In any case, Paul’s proposal to audit the Fed would bring central bank operations more under the control of politicians, who supposedly would be able to expose unpopular goings-on and unexpected losses in the Fed’s operations. That’s why it has attracted bipartisan support.'




Okay, so in your DEFENSE of Ron Paul, and in your efforts to show us all how SMART he supposedly is, you post THIS? You post something saying that Ron Paul wants to give POLITICIANS more control over the Fed?

Yeah, THAT sounds like a recipe for getting things under control. Remember, it's the POLITICIANS who have spent us into this mess, and who have been behind the deregulation AND the regulations that got the Fed where it is now. So forgive me if I don't think that giving them MORE control over the Fed will result in anything less than a full-blown clusterfuck of biblical proportions.

Mike

Build a man a fire and he'll be warm for a day...
Set a man on fire and he'll be warm for the rest of his life.


If it wasn't for my horse, I wouldn't have spent that year in college...

NOTIFY: Y   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

Sunday, July 26, 2009 10:22 AM

OUT2THEBLACK


Quote:

Originally posted by Kwicko:
Quote:

'...In any case, Paul’s proposal to audit the Fed would bring central bank operations more under the control of politicians, who supposedly would be able to expose unpopular goings-on and unexpected losses in the Fed’s operations. That’s why it has attracted bipartisan support.'




Okay, so in your DEFENSE of Ron Paul, and in your efforts to show us all how SMART he supposedly is, you post THIS? You post something saying that Ron Paul wants to give POLITICIANS more control over the Fed?

Yeah, THAT sounds like a recipe for getting things under control. Remember, it's the POLITICIANS who have spent us into this mess, and who have been behind the deregulation AND the regulations that got the Fed where it is now.




The Fed got the Fed to where it is now .

The Fed's Board of Governors are nominated to office .

There is no 'democratic' control of the Fed since it was established in 1913...

Ron Paul's efforts to 'Audit' the 'federal reserve' are motivated by a desire to expose the flaws and deceptions that are integral to its modus operandi...

Once that is done , public outrage may be directed to the goal of abolishing the Federal Reserve .

Next time , you may want to try reading in some depth before your reflexive effort to go 'postal'.

No wonder your wife nicknamed you 'kwicko'.

It probably wasn't intended as a term of endearment , or a compliment...

NOTIFY: Y   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

Sunday, July 26, 2009 11:07 AM

KWICKO

"We'll know our disinformation program is complete when everything the American public believes is false." -- William Casey, Reagan's presidential campaign manager & CIA Director (from first staff meeting in 1981)


Quote:


Ron Paul's efforts to 'Audit' the 'federal reserve' are motivated by a desire to expose the flaws and deceptions that are integral to its modus operandi...



Or his efforts to give control of the Fed to the politicians is a grab for ever more power... Wouldn't be the first time - and if you say that Ron Paul isn't interested in power, I'd point out to you that he DID run for the presidency, so it seems he IS into the whole power thing.

Quote:


Once that is done , public outrage may be directed to the goal of abolishing the Federal Reserve .



Yeah, I bet there'll be as many of you calling for that as there were protesters outside David Letterman's studio. Your numbers could be in the tens...

Quote:


Next time , you may want to try reading in some depth before your reflexive effort to go 'postal'.



I will if you will.

Quote:


No wonder your wife nicknamed you 'kwicko'.

It probably wasn't intended as a term of endearment , or a compliment...



See, there ya go jumping the gun and talking out your ass about things you have no idea about, as usual. Talk about "going postal" and not looking into things beforehand.

I've told the story here before, but apparently I must tell it yet again, since you are so slow...

The screen name comes from when I bought my first Honda CRX. I bought it from a University of Texas graduate student who was just graduating and moving back home to China, where she hoped to use the money to buy her own apartment. After I test-drove the car, I remarked that it was a good-handling little car, to which she replied, "Oh yes - he is-a very, uhhh, how you say? Quick-Oh!" I bought the car, drove it daily for a couple years, started autocrossing it on weekends, and it slowly became a racecar. Around that same time, I got internet service at home (this was around 1997 or so) and joined some of the racing and tuning sites. I needed a screen name, so I picked one that reflected the car I was racing: Kwicko. I'd have spelled it "Quicko", but I had a hard time reaching the "Q" on the keyboard, and it would have slowed me down a bit.

So I became Kwicko, and have been ever since. The car won me a few first-in-class trophies, and routinely beat other CRXs that came out, regardless of what modifications they had to their car or what class they ran in.

So that's how I became Kwicko.

Now I'm trying to figure out why YOUR wife nicknamed you "out2theblack".

NOTIFY: Y   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

Monday, July 27, 2009 4:48 AM

OUT2THEBLACK


Quote:

Originally posted by Kwicko:

So that's how I became Kwicko.

Now I'm trying to figure out why YOUR wife nicknamed you "out2theblack".



Long wait for a train that ain't coming...

NOTIFY: Y   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

Monday, July 27, 2009 5:57 AM

FREMDFIRMA


This threat is showin clear signs of space dementia, all paranoid and crochety n stuff...


-F

NOTIFY: N   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

Monday, July 27, 2009 6:05 AM

SIGNYM

I believe in solving problems, not sharing them.


Quote:

So, do you deny making {those statements}?-O2B
Do you recall that I used the word c*nt to illustrate what I usually DON'T do? I even followed up that post with an explanation about what I was trying to demonstrate. So be a dear. Find that post and refresh your memory.-Signy

So, do you deny making that unfounded accusation?

LIAR LIAR PANTS ON FIRE!

NOTIFY: Y   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

Monday, July 27, 2009 8:17 AM

KWICKO

"We'll know our disinformation program is complete when everything the American public believes is false." -- William Casey, Reagan's presidential campaign manager & CIA Director (from first staff meeting in 1981)


Quote:

Originally posted by out2theblack:
Quote:

Originally posted by Kwicko:

So that's how I became Kwicko.

Now I'm trying to figure out why YOUR wife nicknamed you "out2theblack".



Long wait for a train that ain't coming...



Oooohhh - sorry to hear that. There's pills for that, you know.

NOTIFY: Y   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

Monday, July 27, 2009 9:01 AM

OUT2THEBLACK


Quote:

Originally posted by Fremdfirma:
This threat is showin clear signs of space dementia, all paranoid and crochety n stuff...


-F



Ain't it though ?

Good for lotsa laughs...

Ah , well , back to business :

http://www.nytimes.com/2009/07/24/business/24trading.html?_r=1

'Stock Traders Find Speed Pays, in Milliseconds
By CHARLES DUHIGG


Published: July 23, 2009

It is the hot new thing on Wall Street, a way for a handful of traders to master the stock market, peek at investors’ orders and, critics say, even subtly manipulate share prices.

The Thirty-Millisecond Advantage

Today's Business: Charles Duhigg on Trading
Strategies

It is called high-frequency trading — and it is suddenly one of the most talked-about and mysterious forces in the markets.

Powerful computers, some housed right next to the machines that drive marketplaces like the New York Stock Exchange, enable high-frequency traders to transmit millions of orders at lightning speed and, their detractors contend, reap billions at everyone else’s expense.'

NOTIFY: Y   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

Monday, July 27, 2009 9:06 AM

OUT2THEBLACK


‘Government Sachs’ Is Back

Who's designing Geithner's rescue plan? Goldman guys, of course.

by Michael Hirsh

'...As it was in the beginning, so shall it be in the end: Goldman Sachs will be there.

Back in the '90s and through the mid-'00s, major figures from Goldman Sachs such as Robert Rubin, Gary Gensler and Hank Paulson stood fast against derivatives regulation (Rubin and Gensler) and lobbied successfully for higher leverage ratios so they could bet more of their capital on the market boom (Paulson). When those policies came to grief and Wall Street imploded, and the Feds scrambled to rescue stricken insurance giant AIG, Goldman CEO Lloyd Blankfein was reportedly the only bank executive invited to an emergency meeting at the New York Federal Reserve (convened by then-Fed president Tim Geithner).

Now Treasury Secretary Geithner—a Rubin protégé, of course—has assigned two more ex-Goldman men to fix the vast mess their colleagues helped to create.'

Read the full article at Newsweek.com - http://www.newsweek.com/id/187705

NOTIFY: Y   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

Monday, July 27, 2009 9:15 AM

OUT2THEBLACK


The Incredibly Shrinking Market Liquidity, Or The Upcoming Black Swan Of Black Swans

- Posted by Tyler Durden to Zero Hedge


'...A very interesting data point, also provided by the NYSE, implicates none other than administration darling Goldman Sachs in yet another potentially troubling development. The chart below demonstrates the program trading broken down by the top 15 most active NYSE member firms. I bring your attention to the total, principal, customer facilitation and agency columns.

(Chart shows Goldman Sachs at three times the level of the next firm, Credit-Suisse and almost 10 times Citi)

Key to note here is that Goldman's program trading principal to agency+customer facilitation ratio is a staggering 5x, which is multiples higher than both the second most active program trader and the average ratio of the NYSE, both at or below 1x. The implication is that Goldman Sachs, due to its preeminent position not only as one of the world's largest broker/dealers (pardon, Bank Holding Companies), but also as being on the top of the high-frequency trading/liquidity provision "food chain", trades much more often for its own (principal) benefit, likely in tandem with the other top dogs on the list: RenTec, Highbridge (JP Morgan), and GETCO. In this light, the program trading spike over the past week could be perceived as much more sinister. For conspiracy lovers, long searching for any circumstantial evidence to catch the mysterious "plunge protection team" in action, you should look no further than this.'

http://zerohedge.blogspot.com/2009/04/incredibly-shrinking-market-liqu
idity.html



NOTIFY: Y   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

YOUR OPTIONS

NEW POSTS TODAY

USERPOST DATE

OTHER TOPICS

DISCUSSIONS
In the garden, and RAIN!!! (2)
Thu, March 28, 2024 11:50 - 3410 posts
Elections; 2024
Thu, March 28, 2024 11:18 - 2071 posts
BUILD BACK BETTER!
Thu, March 28, 2024 11:16 - 6 posts
Salon: NBC's Ronna blunder: A failed attempt to appeal to MAGA voters — except they hate her too
Thu, March 28, 2024 07:04 - 1 posts
Russia Invades Ukraine. Again
Thu, March 28, 2024 05:27 - 6154 posts
Russian losses in Ukraine
Wed, March 27, 2024 23:21 - 987 posts
human actions, global climate change, global human solutions
Wed, March 27, 2024 15:03 - 824 posts
NBC News: Behind the scenes, Biden has grown angry and anxious about re-election effort
Wed, March 27, 2024 14:58 - 2 posts
RFK Jr. Destroys His Candidacy With VP Pick?
Wed, March 27, 2024 11:59 - 16 posts
Russia says 60 dead, 145 injured in concert hall raid; Islamic State group claims responsibility
Wed, March 27, 2024 10:57 - 49 posts
Ha. Haha! HAHA! HAHAHAHAHAHAHAAHAHAHAAHAHA!!!!!!
Tue, March 26, 2024 21:26 - 1 posts
You can't take the sky from me, a tribute to Firefly
Tue, March 26, 2024 16:26 - 293 posts

FFF.NET SOCIAL