By David Glenn Cox
Winston Churchill once said, “You can always count on Americans to do the right thing - after they’ve tried everything else.” The old boy had us dead to rights, as a nation we don’t learn and we don’t take advice. Churchill’s bromide could be applied to Wall Street as well with one slight alteration. “You can always count on Wall Street to do the right thing when pigs fly and chickens sing opera.”
Wall Street is a one eyed monster that like organized religion hides by (…)
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Laughing on the Outside
11 August 2010 par (Open-Publishing)
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ANNOUNCED THE STOCK MARKET CRASH
21 July 2010 par (Open-Publishing)
The current bubble would be the daughter of the euphoria of Wall Stretto (and by extrapolation from the rest of world stock) following the results of so-called "stress test" of financial institutions conducted by the U.S. administration, the arrival of small and medium investors following the bursting of the housing bubble and the dramatic decline in yields of Mutual Funds and Fixed Income and especially the return to the city’s brokers speculative virtual bargain hunting after the collapse (…)
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America is Insolvent. Why Would China’s Rating Agency Rate US Debt AA When it is No Better Than Junk?
20 July 2010 par (Open-Publishing)
America is Insolvent. Why Would China’s Rating Agency Rate US Sovereign Debt AA When it is No Better Than Junk?
by Matthias Chang
Global Research, July 19, 2010
For all intent and purposes, the United States is insolvent.
This is not my personal assessment but that of world renowned “experts” and economists, and financial institutions. Just google “US Debts” and you can find thousands of analysts stating that there is no way that the US can ever pay off its debts. The US cannot even (…) -
STOCKS AND BONDS ARE NOW HAZARDOUS TO YOUR WEALTH
16 July 2010 par (Open-Publishing)
STOCKS AND BONDS ARE NOW HAZARDOUS TO YOUR WEALTH
Submitted by Chris Martenson PhD on Wed, 14 Jul 2010
Within the next 20 years, the most profound changes in economic history will sweep the globe. The economic chaos and turbulence that we are now experiencing are merely the opening salvos in what will prove to be a long, disruptive period of adjustment.
At least that’s my theory, and careful investors owe it to themselves to hear me out. If I’m right, long-term investing in stocks and (…) -
Chinese "Dagong Global rating" down grades the United States to "AA"
13 July 2010 par (Open-Publishing)
Chinese "Dagong Global rating" down grades the United States to "AA".
Wang Xin Long
One of the lessons from China known as the financial crisis has drawn the People’s Republic, is that that the large, mainly American, rating agencies is not to be trusted.
the German system, press habitually hushed up by, were now in the Chinese state television, the three great American Ratingesellschaften Moody’s Investors Service, Standard & Poors and Fitch Ratings in the public media pillory (…) -
This Is The Government: Your Legal Right To Redeem Your Money Market Account Has Been Denied
10 January 2010 par (Open-Publishing)
This Is The Government: Your Legal Right To Redeem Your Money Market Account Has Been Denied
Submitted by Tyler Durden on 01/03/2010 11:01 -0500
Agency Paper American International Group Bank of Japan Bank of New York Barney Frank Ben Bernanke Breaking The Buck Bridgewater Capital Markets Citadel Citigroup Commercial Paper Councils CRAP European Central Bank Fail Federal Reserve Federal Reserve Bank Federal Reserve Bank of New York Geoffrey Batt Goldman Sachs Hank Paulson Henry Paulson (…) -
Société Générale tells clients how to prepare for ’global collapse’
19 November 2009 par (Open-Publishing)
Société Générale has advised clients to be ready for a possible "global economic collapse" over the next two years, mapping a strategy of defensive investments to avoid wealth destruction.
by Ambrose Evans-Pritchard
In a report entitled "Worst-case debt scenario", the bank’s asset team said state rescue packages over the last year have merely transferred private liabilities onto sagging sovereign shoulders, creating a fresh set of problems.
Overall debt is still far too high in almost (…) -
Russia and Iran Now OFFICIALLY Talking of Dumping Dollar for International Trade
18 October 2009 par (Open-Publishing)
Russia and Iran Now OFFICIALLY Talking of Dumping Dollar for International Trade
SATURDAY, OCTOBER 17, 2009
After the Independent reported that Middle Eastern oil producers, plus China, Japan and France have all agreed to start trading oil using a basket of currencies - instead of the dollar - starting in 9 years, spokesmen for those governments denied it.
The Independent’s reporter explained why the governments were denying the rumor.
But now the governments themselves are starting (…) -
Gold rate soon 50,000?
18 October 2009 par (Open-Publishing)
1 commentGold rate soon 50,000?
Sunday 18 October 2009
Gold over $ 1000 was a signal for other newcomers to the gold. Central to the price of gold is no longer correct, press brakes, only the increase. Systemtod because of capital flight has begun so long ago.
It was emphasized in this market commentary on several occasions that means a gold price of $ 1000 a kind of "threshold of death" for the international financial system. This was achieved a few weeks ago and last week clearly exceeded. (…) -
Video: CEO with $33 Million Golden Parachute Gets Birthday Surprise
7 October 2009 par (Open-Publishing)
1 commentToday, Oct. 7, 2009, is Mayo Shattuck, III’s 55th birthday. He’s the CEO of Constellation Energy (CE) and he’s set to receive a $33 million golden parachute! This is so even though many, like the advocacy group, Progressive Maryland Education Fund (PMEF), feel he doesn’t deserve a penny of it. They claim he’s done a lousy job as CEO and that he has driven the company to the “brink of bankruptcy.” The group also charged, at a press conference held on President Street, opposite CE’s Baltimore (…)