stock-channel.net - Aktien Links Stocks Rohstoffe Trading Handel Exchange
stock-channel.net - The Art Of Trading Home Analysen IR-Center Finanznews Finanzlinks Mediathek Diskussion Kontakt

Zurück   stock-channel.net - Das Finanzportal > Zeitgeschehen
Benutzername
Kennwort
FAQ Benutzerliste Kalender Foren als gelesen markieren Reload
Aktuelle Uhrzeit 10:15
Antwort Gehe zum letzten Beitrag
 
Themen-Optionen
Alt 31.07.2008, 11:19   #466
lunar
veränderlich
 
Benutzerbild von lunar
 
Registrierungsdatum: Dec 2005
Beiträge: 39.047
Standard

Aussie

Paulson is speaking Washington at 1pm about the markets and economy . . . watch out
__________________

Posted by fabric
Angehängte Grafiken
Dateityp: jpg full_of_energy.jpg (43,6 KB, 31x aufgerufen)
__________________
***************http://www.poodwaddle.com/worldclock.swf ***************
lunar ist offline   Mit Zitat antworten
Für Inhalt und Rechtmäßigkeit dieses Beitrags trägt der Verfasser lunar die alleinige Verantwortung. (s. Haftungshinweis)
Alt 31.07.2008, 11:27   #467
lunar
veränderlich
 
Benutzerbild von lunar
 
Registrierungsdatum: Dec 2005
Beiträge: 39.047
Standard

.
Zitat:
Zitat von paule2

........Leerverkaufsregeln verlängert

Ja, die US-Börsenaufsicht hat das Verbot des sog. Naked Short Selling" für 19 Finanzaktien bis zum 12.8.2008 verlängert. Darunter befinden sich u.a. auch die Papiere der Allianz bzw. Deutschen Bank. Die Financial Times Deutschland bezeichnet dieses Vorgehen als Verlängerung des Artenschutzes" für die Wall Street. Ganz böse Zungen meinen gar, dass man ja den Aktienhandel gleich vollends einstellen solle und per staatlicher Verordnung plangemäss die Aktienkurse nach oben setzen......


__________________
***************http://www.poodwaddle.com/worldclock.swf ***************
lunar ist offline   Mit Zitat antworten
Für Inhalt und Rechtmäßigkeit dieses Beitrags trägt der Verfasser lunar die alleinige Verantwortung. (s. Haftungshinweis)
Alt 31.07.2008, 11:35   #468
Silverbay
stock-channel.net senior member
 
Registrierungsdatum: Mar 2008
Beiträge: 998
Pfeil Ab-Artenschutzabkommen ...

... dann winken ja die 12000 Punkte
mit 5 stelligen Aussichten – spätestens
hier erhalten die Metalle wieder Gegen-
gewicht, siehe auch Hokas' posting von
gestern ... #3209
Silverbay ist offline   Mit Zitat antworten
Für Inhalt und Rechtmäßigkeit dieses Beitrags trägt der Verfasser Silverbay die alleinige Verantwortung. (s. Haftungshinweis)
Alt 31.07.2008, 14:20   #469
lunar
veränderlich
 
Benutzerbild von lunar
 
Registrierungsdatum: Dec 2005
Beiträge: 39.047
Standard bei DU gesehen - merci

...leider wahr
__________________
***************http://www.poodwaddle.com/worldclock.swf ***************
lunar ist offline   Mit Zitat antworten
Für Inhalt und Rechtmäßigkeit dieses Beitrags trägt der Verfasser lunar die alleinige Verantwortung. (s. Haftungshinweis)
Alt 31.07.2008, 15:48   #470
lunar
veränderlich
 
Benutzerbild von lunar
 
Registrierungsdatum: Dec 2005
Beiträge: 39.047
Standard

Wed, 30 Jul 2008 07:48:00

Thar She Blows: The Last Hurrah for the Banking System

By Mike Whitney



(Mike Whitney) -- The Bush administration will be mailing out another batch of "stimulus" checks in the very near future. There's no way around it. The Fed is in a pickle and can't lower interest rates for fear that food and energy prices will shoot to stratosphere. At the same time, the economy is shrinking faster than anyone thought possible with no sign of a rebound. That leaves stimulus checks as the only way to "prime the pump" and keep consumer spending chugging along. Otherwise business activity will slow to a crawl and the economy will tank. There's no other choice........

......
Something has gone terribly wrong with the economy, but no one knows what it is? In the last three months bank credit has shrunk faster than any time since 1948. The banks aren't lending and people aren't borrowing; that's a lethal combo. When credit-creation slows, the economy falters, unemployment rises and the misery index soars. That's why Bush will have to mail out more stimulus checks whether he wants to or not; his back is against the wall. He'll try to make it look like the economy is still breathing on its own and just needs a spell on the respirator before resuming its normal activities. But Bush is wrong; we've reached Peak credit and the blood-transfusions won't work anymore. The vital signs have shut down and rigamortis is already setting in. Our goose is cooked......

.....
An article in the San Francisco Business Times said that the FDIC is worried about the reporting on Internet blogs They'd rather keep banking system's troubles out of the news. The publicity just further undermines the publics confidence and spreads fear Sheila Bair, chairman of the Federal Deposit Insurance Corp., summed it up like this after the run on Indymac: "The blogs were a bit out of control. We're very mindful of the media coverage and blogs in controlling misinformation All I can say is were going to continue to stay on top of it. The misinformation that came out over the weekend fed a lot of depositors' fears."....

.....step up to the microphone and tell the public what they really need to know:

"My fellow citizens, we are embroiled in the greatest financial crisis our nation has ever faced and we will have to take emergency action to keep the entire system from melting down."

How hard is that? But it won't happen, because everyone in the administration has an aversion to telling the truth; it's like the Devil and Holy Water.....

....P.T. PAULSON: "The the banking system is sound... This is a very manageable situation.".....Paulson is like a broken record. Everything is always hunky-dory. He is the consummate Wall Street investment sharpie; a bright guy who could charm a hungry dog off a meat-wagon. But when it comes to telling the truth; forget about it.....

.....Even now, if you go to your bank and try to withdraw $9,000 or $10,000, it sends waves of panic through the entire building like a 5-alarm fire that quickly engulfs the main exits. It's crazy. Tellers go scampering around helter-skelter, and bank managers suddenly appear at the window grimacing in pain and wringing the sweat from their brows.

"Did you say $10,000, sir?" which is usually followed by low moaning sounds and heavy wheezing......

.....FANNIE BAILOUT: "If they dumped these securities on the market today, their value would go straight to 0.".....

.....None of congress's back-room maneuvering has anything to do with "providing a lifeline for the struggling homeowner", as Senator Dodd claims. That's all bunkum. The homeowner won't get a lick of help from this bill. Its just another handout for the brokerage fraternity The country is putting its AAA credit rating on the line for same clatter of carpetbaggers who created the mammoth equity bubble in the first place. Now they are being rewarded for their criminal conduct. Also, Bloomberg News notes that, "Sensible people are starting to question whether the U.S. can hang on to its AAA credit rating. The prospect of an extra $5 trillion or thereabouts leaking onto the U.S. government's tab from Fannie Mae and Freddie Mac has spooked investors."......

......The whole system has been rejiggered to serve the needs of a few greedy bankers on top of the food chain. They could care less whether the whole country blows up or not as long as they get their slice of the pie. That's all that matters. Congress is just as bad. They abdicated their most important responsibility by giving Paulson the authority to take whatever money he needs to do whatever he wants. If that's their attitude, then what do we need congress for? Let's just board up the House of Representatives and send them all home. It would be a lot cheaper.

The truth is, the big money guys have taken a wrecking-ball to the financial system and now they've moved on to the real economy. By the time they're done, we'll be picking through the rubble just to feed our families.

lesenswert ---> full story: http://www.inteldaily.com/?c=173&a=7715
__________________
***************http://www.poodwaddle.com/worldclock.swf ***************
lunar ist offline   Mit Zitat antworten
Für Inhalt und Rechtmäßigkeit dieses Beitrags trägt der Verfasser lunar die alleinige Verantwortung. (s. Haftungshinweis)
Alt 31.07.2008, 17:09   #471
lunar
veränderlich
 
Benutzerbild von lunar
 
Registrierungsdatum: Dec 2005
Beiträge: 39.047
Standard

Washington Manipulation of GDP Data to Hide Recessions

Economics / Market Manipulation Jul 30, 2008 - 03:06 PM By: Mike_Stathis


I continue where I left off – discussing just a few of the ways Washington tries to fool us by its misuse and manipulation of data. Washington likes to remind critics that Americans enjoy the highest living standard in the world. As evidence of this, government “experts” discuss statistics such as GDP growth, employment, wealth, income and wage growth, and other economic data without defining exactly what they are referring to or explaining all the assumptions used. In Part 1 of this series, we saw how hedonics can alter GDP and inflation data. Here we look at some additional problems with GDP. After you read this piece, I hope you will agree that the misuse of GDP data as an indicator of economic strength has been one of the biggest errors made in the field of U.S. economics.....

......In conclusion, the basic rules of reasoning never change. When one tries to paint an accurate picture of a complex variable such as the health of the economy or living standards by looking at one number, they're fooling themselves and those they represent. The best way to measure economic growth and changes in living standards is to examine other macroeconomic indicators in addition to GDP, such as interest rate (yield curve) and inflation trends (the CPI and PPI, core and non-core), trade imbalances, currency exchange rate trends, job loss and recovery, underemployment, real wage and benefit growth, debt and money flow trends. And if you do elect to use GDP as a measure of economic activity, at least measure it accurately and make the appropriate adjustments. With thousands of economists working for the government or in academia serving on government committees or as consultants for government agencies, it seems strange they're unwilling or unable to provide a comprehensive analysis of the economy based on other data. Then again, the current system of illusion and confusion serves Washington just fine. Most serve as parrots, mimicking the same lines they hear from myopic economists in their ivory towers. Consumers don't need economists to tell them what the data of the day means based upon flawed calculations. They need economists to report realistic data. Only then will they stand a chance to come up with accurate forecasts. If they cannot achieve this then they are only serving as record-keepers at best and partners in deception at worst. With all the forecasts economists make, I know of not a single one who has made a fortune in the stock market as a result of these “timely and valuable” forecasts.




full story: http://www.marketoracle.co.uk/Article5685.html

...wieder mal ein ellenlanger Artikel - ich hab ihn nur diagonal überflogen - jedenfalls illusion and confusion wie immer :o
__________________
***************http://www.poodwaddle.com/worldclock.swf ***************
lunar ist offline   Mit Zitat antworten
Für Inhalt und Rechtmäßigkeit dieses Beitrags trägt der Verfasser lunar die alleinige Verantwortung. (s. Haftungshinweis)
Alt 31.07.2008, 17:16   #472
lunar
veränderlich
 
Benutzerbild von lunar
 
Registrierungsdatum: Dec 2005
Beiträge: 39.047
Standard

...and on we go

Mass Charges Merrill With Fraud In Auction-Rate Sec Sale

July 31, 2008: 11:01 AM EST


DOW JONES NEWSWIRES

The Massachusetts Secretary of the Commonwealth charged Merrill Lynch & Co. ( MER) with fraud in pushing the sale of auction-rate securities while "misstating the stability of the auction market itself."

"This company was aggressively selling ARS to investors and its auction desk was censoring the research analysts to make sure they downplayed ARS market risks in research reports up to the day Merrill pulled the plug on its auctions, " Secretary William Galvin said. "They knew the auction markets were in trouble, but the investors were the last to know."

The complaint also alleges Merrill co-opted its research department to help sell the securities and seeks to order the brokerage to "make good" on the sales of now-frozen securities and make restitution to investors who sold at less than par.

Merrill Lynch had no immediate comment.

......Thursday's complaint versus Merrill alleges the company had known for several months that the auction markets faced significant danger of collapsing. In a personal email last November, one executive allegedly wrote, "The market is collapsing. No more $2k dinners at CRU," referring to a Manhattan restaurant. Yet about three months later, a research analyst told financial advisers the auction business represented a "good, conservative and reasonable investment."......


full story: http://money.cnn.com/news/newsfeeds...14_FORTUNE5.htm
__________________
***************http://www.poodwaddle.com/worldclock.swf ***************
lunar ist offline   Mit Zitat antworten
Für Inhalt und Rechtmäßigkeit dieses Beitrags trägt der Verfasser lunar die alleinige Verantwortung. (s. Haftungshinweis)
Alt 31.07.2008, 17:36   #473
lunar
veränderlich
 
Benutzerbild von lunar
 
Registrierungsdatum: Dec 2005
Beiträge: 39.047
Standard

.....es hört ja gar nimmer auf mit miesen Meldungen kleine Erholung zwischendurch



from sagayago
__________________
***************http://www.poodwaddle.com/worldclock.swf ***************
lunar ist offline   Mit Zitat antworten
Für Inhalt und Rechtmäßigkeit dieses Beitrags trägt der Verfasser lunar die alleinige Verantwortung. (s. Haftungshinweis)
Alt 31.07.2008, 18:26   #474
lunar
veränderlich
 
Benutzerbild von lunar
 
Registrierungsdatum: Dec 2005
Beiträge: 39.047
Standard

das ist einer der besten Artikel der die heutige Situation beschreibt und wie es dazu gekommen ist es lohnt sich wirklich jede Zeile zu lesen - ist meine Meinung darum auch in voller Länge, steht nirgends was von ©right

The Con In Central Bankers' Confidence

Darryl Robert Schoon
Jul 30, 2008
Rising gold prices are a cold sore on the lip of central bankers. In the world of paper money, it's a clear sign something's not right

Central bankers are the keepers of the keys to the kingdom. The kingdom, however, is on the edge of bankruptcy and in danger as never before. Comparisons are now being made to the Great Depression of the 1930s. The comparisons, however, are just that.

In some ways, the situation is similar. In many ways, it is not. In a very fundamental way, the conditions are much worse. The systemic strains on the global financial system are today much more profound than even during the Great Depression.

The Great Depression of the 1930s was unique in the history of capital markets built on debt-based money, sic capitalism. Until the creation of the Federal Reserve System, the US economy had been a savings-based, not debt-based, economy. The difference between the two, although rarely understood, is profound.

The price paid for credit-based expansion is debt. Increasing the debt-based money supply increases the amount of debt; and, over the naturally limited life of a debt-based economy, the constantly increasing and compounding levels of debt will grow until the economy collapses.

Compounding debt, the wellspring of bankers' profits, will eventually destroy the economy on which it lives. The time it takes to do so is dependent on the strength and productivity of the underlying economy.

No economy, however, no matter how strong initially, can out run the constantly compounding debt of credit-based money - not even the United States.

THE GREAT DEPRESSION, VERSION 1.0

In 1913, the Federal Reserve System began feeding debt-based money into the previously savings-based US economy; and in just ten years, the newly available cheap credit poured into the stock market and drove shares prices to historic highs. In 1929, the stock market collapsed and the Great Depression began in 1933, only thirty years after the Federal Reserve Act was approved.

It was the vast amounts of cheap credit from the Federal Reserve that fueled the meteoric rise of the stock market bubble in the 1920s, a bubble so large its collapse plunged the US and the world into the first Great Depression in the 1930s; and, now, today, the same is again about to happen.

The amount of debt that will soon come crashing down will make the Great Depression seem exactly as it is, a prelude to something much larger and much more dangerous - a possible hyperinflationary deflationary collapse that will soon dwarf the merely deflationary collapse of the 1930s.

This time around, the Federal Reserve and its government enablers, sic co-conspirators, have created far more leveraged debt than existed during the historic 1920s stock market bubble. The housing bubble of 2002-2006, created in the wake of the 2000 dot.com bubble (remember that?) is the biggest bubble in history and again we will relearn the lesson that the more that goes up, the more will come down.

THE GREAT DEPRESSION, VERSION 2.0

Modern economics is a shell game, a 300 year old confidence game designed to hide the fact that bankers' credit replaced real money, credit created out of thin air by private bankers and public government that leaves compounding debt, and ultimately economic destruction, in its wake.

Recently, because of the increasing collusion between bankers and government, the line between private banking and public government is gone. They are now one and the same - only the union hasn't been publicly announced because of anticipated opposition to the now consummated marriage.

Central bankers are modern day confidence men who have so embedded themselves into the fabric of everyday commerce that people are convinced they need credit in order to survive; like Elvis Presley in his final days believed he needed prescription pills to live.

Just as Dr. "Nick", Elvis Presley's pill doctor, is responsible for killing Elvis with his over-prescription of drugs, Dr. Bernanke, the current US credit provider, and his predecessor Dr. Greenspan will be remembered for their fatal over-prescribing of central bank credit to the US and world economy. Too much of a good thing is and has always been in the end, a bad thing.

THE ILLUSORY SAFETY OF DENIAL

Americans often tell themselves that safeguards are in place that will prevent another Great Depression; and, as we are now on the edge of another such collapse, it would do us well to take another look at those "safeguards" to see how safe we actually are - or aren't.

The daisy chain of debt defaults set in motion by the collapse of the 1920s bubble caused 15,000 banks to fail between 1929 and 1933. So in 1933, the US government responded by passing the Glass-Steagall Act to prevent another such collapse.

Unfortunately, the Glass-Steagall Act was designed to deal not with the cause (debt-based Federal Reserve bank notes fueling excessive speculation) but with the results (bank failures and loss of savings). Nonetheless, the Glass-Steagall Act of 1933 is the reassurance Americans believe will insure that "it won't happen again".

Glass-Steagall prohibited investment banks from again acting as commercial banks. No longer could investment banks (which make speculative bets) own commercial banks (which accept savings deposits from customers) and thereby risk the savings of depositors.

But in 1999 Glass-Steagall was repealed. Wikipedia's recounting of the repeal, see http://en.wikipedia.org/wiki/Glass-Steagall_Act is well-worth the read:

On November 12, 1999, President Bill Clinton signed into law the Gramm-Leach-Bliley Act, which repealed the Glass-Steagall Act of 1933. One of the effects of the repeal was to allow commercial and investment banks to consolidate. Some economists have criticized the repeal of the Glass-Steagall Act as contributing to the 2007 subprime mortgage financial crisis.[6][7]

...One reason banks are losing money is the repeal nine years ago of the 1933 Glass-Steagall Act, which separated commercial and investment banking after excessive risk- taking contributed to the Great Depression.

...The repeal enabled commercial lenders such as Citigroup, the largest U.S. bank by assets, to underwrite and trade instruments such as mortgage-backed securities and collateralized debt obligations and establish so-called structured investment vehicles, or SIVs, that bought those securities.

...Citigroup played a major part in the repeal. Then called Citicorp, the company merged with Travelers Insurance company the year before utilizing loopholes in Glass-Steagall the allowed for temporary exemptions.

...the "finance, insurance and real estate industries together are regularly the largest campaign contributors and biggest spenders on lobbying of all business sectors [in 1999]. They laid out more than $200 million for lobbying in 1998, according to the Center for Responsive Politics..." These industries succeeded in their two decades long effort to repeal the act.

In 1999, investment banks, insurance companies, and real estate companies together gave $200 million to US politicians in order to repeal the act specifically designed to prevent another Great Depression; and, now the idea that investment bankers such as US Treasury Secretary Henry Paulson fresh from Goldman Sachs will save America's economy is absurd - for Paulson and his cohorts are not in Washington DC to save America, they are there to profit and save themselves.

The $200 million lobbying effort by investment bankers, real estate and insurance companies to repeal Glass-Steagall prevailed but their task is not yet over. Investment bankers via the privately owned Federal Reserve System are now about to complete their control over the entire US financial system.

The following is excerpted from Silver, Gold, & The Last American Hero, JFK. Written March 2008, it was true then, it is true today and unfortunately will be true tomorrow.
FED ASKS FOR OVERSIGHT OF ALL FINANCIAL MARKETS
oversight n 1: synonym, overlooking, as in government oversight


Plan Would Expand Fed's Power To Intervene In Financial Crisis
March 29, 2008


WASHINGTON(CNN) -- The Federal Reserve would have the power to regulate virtually the entire financial industry under a Treasury Department proposal to be announced Monday.

The proposal is part of a sweeping overhaul of the government's regulatory structure that Treasury Secretary Henry Paulson will propose in a speech Monday, said Treasury Department spokeswoman Michele Davis.

"I am not suggesting that more regulation is the answer, or even that more effective regulation can prevent the periods of financial market stress that seem to occur every five to 10 years," Paulson will say, according to a text of the speech obtained by The Associated Press.

According to Brookly McLaughlin, another department spokeswoman, Paulson will propose these changes:

    • Give the Federal Reserve authority to look at the financial status of any institution that could affect market stability;
    • Merge the Securities and Exchange Commission with the Commodity Futures Trading Commission;
    • Give stock exchanges more room for self-regulation;
    • Consolidate bank supervision into one regulator.
One of the most dramatic changes would extend the powers of the Federal Reserve -- designed to regulate the commercial banking industry -- to oversight of virtually the entire financial industry.

THE FOX IS IN THE HENHOUSE

After the recent collapse of Bear Stearns, the Fed announced that US funds will now be made available to international investment banks. Previous to this announcement, any loaning of US funds to investment banks was prohibited.

On March 28th, the first day the funds were available, the Fed loaned the banks $75 billion dollars. These investment banks, called primary-dealers, are the inner circle of the Fed's funding mechanism.

That these primary-dealers are in need of US support is an indication of the rapidly disintegrating state of their balance sheets - and the lengths the Fed will go to protect their fellow bankers in the private sector with public money

...The bailout of the richest investment banks in the world by US taxpayers is tantamount to a kidnap victim being forced to defray their kidnappers' expenses. Someday, however, these bail-outs by the Fed will come to an end, but that end will not be pretty - for the end of central banking will be both unprecedented and brutal.

Central banks and investment banks are two sides of the same coin; and, now that the coin has been debased and recast with subprime securities and other suspect forms of debt; investment banks and their enablers, the central banks, are as vulnerable as those they once exploited.

Their increased vulnerability will soon be triggered by any number of events, e.g. bank insolvencies, collapsing currencies, slowing economies, money-market failures, counter-party derivative defaults etc., each one powerful enough to bring down a faltering house of cards built on a foundation of rapidly shifting sand.

You need not remember the above predictions. You will remember them soon enough when they occur. Private bankers have controlled the US economy since 1913. Their success has led to our present problems. Their failures will lead to our future problems.

But the bankers' work is not yet complete, there are still a few coins on the floor they inadvertently missed and their greed will cause them to bend over to pick them up. Perhaps then they will be vulnerable to the people's will - which brings us to another subject, the peoples' will.

THE LAST BUBBLE

Sometimes the patrons of strip bars - influenced by alcohol and their own delusions - believe the dancers truly desire them. While at the time it is a pleasant thought (for the patrons), it is not true and does not last, at least not long after the last bill has been stuffed into the stripper's G-string.

Self-delusion, however, is not confined to strip clubs although it regularly rises and is paid for there. Self-delusion is far more common than commonly thought as the more widespread the delusion, the less the delusion is apparent to the deluded.

America is unique in many ways but in some ways it is representative of other nations and other people. After all, its national character was forged by the many different nationalities that comprise it; and, in that way, it is both unique and reflective of humanity as a whole.

It appears to Americans as well as to others that through democracy, the peoples' will determines the nation's destiny. However, this is no more true than the delusion that strippers lust for whom they dance.

Delusions, whether private as in the confines of a strip club or collective in the case of nations, are just that, delusions. The repeal of the Glass-Steagall Act by the Gramm-Leach-Bliley Act in 1999 is a case in point. Since 1933, Glass-Steagall has given Americans some measure of protection. Since 1999, however, such feelings of protection have been delusional.

The Gramm-Leach-Bliley Act which repealed Glass-Steagall (note: Gramm, Leach, and Bliley were all Republicans) was passed along party lines in the Senate (Republicans for, Democrats against); but it was passed in the House of Representatives with both Republican and Democrat support, and was signed into law by a Democrat, President Bill Clinton.

FREE ELECTIONS MEAN NOTHING - WHEN POLITICIANS ARE FREELY BOUGHT AND SOLD

The passage of the Gramm-Leach-Bliley Act was either an example of the "hands-across the aisle" sentiment that sometimes causes both parties to join in supporting a common cause; or, it was an example of the far more common "greased-palms of politicians selling out the public good for private gain" syndrome lubricated by $200 million in lobbyists money.

Glass-Steagall was designed to protect America from another Great Depression, a time where one in four had been out of work, where 60 % of banks had failed, and where bread lines were as common as family misery. But in 1999 Glass-Steagall was repealed by those elected to represent the peoples' will.

The subversion of democracy did not happen overnight or by chance. It was built into the process itself. Alexis de Toqueville in his seminal work, Democracy In America written in the 1830s, believed that America's version of democracy suffered from a fatal flaw, a flaw that derived from the American character itself.

De Toqueville observed that Americans had two conflicting desires: (1) The desire to be free, and (2) the desire to be led. It is America's second desire that has now led to the undoing of the first.

Irrespective of America's truly revolutionary Declaration of Independence and extraordinary Constitution, America today has become a debased mockery of the founding fathers' original dream and the manifestation of de Toqueville's dire predictions; and, this November, Americans will again go to the polls to choose "their masters".

This is what de Toqueville said of the process:
"It is in vain to summon a people, who have been rendered so dependent on the central power to choose from time to time the representatives of that power; this rare and brief exercise of their free choice, however important it may be, will not prevent them from gradually losing the faculties of thinking, feeling, and acting for themselves, and thus gradually falling below the level of humanity."

In 2008, America is now the world's number one jailor. Its prisons hold 25 % of the world's entire prison population and a 2002 Department of Justice ruling allowed Americans to torture prisoners as long as the torturer "in good faith" did not believe permanent harm would result (torture being defined by the US Department of "Justice" as only those "extreme acts" that cause pain similar in intensity to that caused by death or organ failure).
http://www.chicagotribune.com/news/politics/sns-ap-cia-interrogations,0,7435986.story


This is stark evidence of the devolution of the "rule of law" that has occurred in the United States of America in recent years. Perhaps America has not yet fallen below the level of humanity as de Toqueville predicted. As some might and will argue, it all depends on who sets the bar.

Just recently, in June 2008 the US Congress passed a bill submitted by President Bush that allows the US government to spy on Americans and to indemnify those that already have done so, i.e. AT&T and Verizon. Both presidential candidates, John McCain and Barack Obama voted for the bill.

IF YOU ASPIRE TO THE SEAT OF POWER - YOU MUST FIRST DROP YOUR DRAWERS

I am not saying Americans or others should not vote in elections; but, if they do, they should be cognizant of what they expect will be accomplished. Most Americans still hope their votes once every two or four years will correct the direction this once great nation has taken. They will not.

Those candidates who actually challenge the corrupt system which now masquerades as a representative democracy have been marginalized. Ron Paul on the right and Dennis Kucinich on the left represent the best of the two opposing political polarities.

Ron Paul's bills to abolish the Federal Reserve System and Dennis Kucinich's bills to impeach President Bush and Vice-President Cheney for crimes against the nation should be heard and subjected to meaningful debate. Neither will occur. Real democracy has now been silenced in our now unreal world.

HOPE IS ON THE HORIZON

Delusions die hard. But like the patrons in strip clubs, only when the money is gone, does reality return and so in 2008, America may now be on the verge of a reawakening. With gas above $4 a gallon, its credit cards tapped, home foreclosures rising and its telephones increasingly called by bill collectors from India, Americans, like the patrons in the strip club, are realizing their wallets are now empty - the money's now gone, America's last bubble may be about to pop.

THE LAST FORUMS FOR LIBERTY

I want to extend my deep thanks and gratitude to the sites that publish these writings and the writings of others, writings that draw attention to the crisis that now threatens the US and indeed the world. It is no coincidence that the gold and silver focused websites have become the last forums for liberty.

The loss of our freedoms has been accomplished by the collusion of two powerful forces, private bankers and public government. Both those forces, however, are counterfeit. Bankers no more represent real money than governments today represent those they govern; and the power of both derives from the false money that has fueled the ambitions of each.

When bankers and government first colluded in England in 1694, they replaced gold and silver with government counterfeit coupons and the world has not been the same since. It is little wonder that over the years, bankers have become more and more wealthy, governments have become more and more powerful, and we, the citizenry, have become more and more impoverished and indebted to bankers and enslaved to government.

It was on the internet, on gold and silver-focused websites where I first encountered the writings of others who knew well before I of the dangers unseen by those who could not then see. Because of them and because of the websites that posted their writings, I have gained some understanding and insight into the critical issues that now confront us.

Professor Antal E. Fekete, see www.professorfekete.com, was one of those writers. When I first read his articles, I didn't understand the value of a gold standard which the professor adamantly espoused.

I didn't understand that the true value of a gold standard - apart from valuing gold and silver as real money - lay in its natural bounds on the powers of government, bounds against which governments attempt to override.

Mao Zedong once proclaimed that political power comes out of the barrel of a gun. While that may be true, it is only partially true; for here in the West, since 1694, political power has increasingly come from the issuance of debt-based fiat money from central banks, money that can corrupt all who benefit from its false issuance e.g. politicians, academics, regulators, corporate officers, the military, etc.

Buckminster Fuller was fond of calling our planet, Spaceship Earth. It's a good name but it might do us well to note that, of late, our Spaceship Earth has become a bit wobbly. The icecap on the North Pole has now melted, geophysical calamities are on the rise, gold and silver have been replaced by pieces of paper, and those who purport to speak in defense of justice, liberty and democracy are lying through their teeth.

Welcome to 2008. 2009 comes next. 2010 comes after that.

Note: Session V of Professor Fekete's Gold Standard University Live (GSUL) will held November 11th through the 14th at Australian National University in Canberra, Australia. It may be the last time GSUL is offered in its present form. The opportunities to hear a thinker of Professor Fekete's stature and intellect are rare and priceless. I will be delivering a talk during the session. Inquiries can be addressed to Philip Barton at feketeaustralia@yahoo.com.

blog: http://www.posdev.net/pdn/index.php...r=drs&Itemid=81

Darryl Robert Schoon
email: info@drschoon.com
website: www.drschoon.com
website: www.survivethecrisis.com
Schoon Archive


http://www.321gold.com/editorials/s...hoon073008.html
__________________
***************http://www.poodwaddle.com/worldclock.swf ***************
lunar ist offline   Mit Zitat antworten
Für Inhalt und Rechtmäßigkeit dieses Beitrags trägt der Verfasser lunar die alleinige Verantwortung. (s. Haftungshinweis)
Alt 31.07.2008, 19:15   #475
lunar
veränderlich
 
Benutzerbild von lunar
 
Registrierungsdatum: Dec 2005
Beiträge: 39.047
Standard

Loren Steffy

A business blog
July 31, 2008

You know its tough when the Fed chairman is moonlighting

I was, to say the least, stunned when I saw the story in today's * section on male models. Not because I care, but because one of the pictures shows a "mature model at Yohji Yamamoto" that appears to be Federal Reserve Chairman Ben Bernanke. Now, I obviously know nothing about fashion -- I thought Yamamoto was the Japanese naval commander during World War II -- but the fashion on display here I'd describe as Princeton Frump or Homeless Academic. Either way, when the Fed Head takes a side job, it can't be a good sign for the economy.

Bernanke at his day job And taking a turn on the runway
AP

http://blogs.chron.com/lorensteffy/2008/07/you_know_its_to_1.htm
AP
__________________
***************http://www.poodwaddle.com/worldclock.swf ***************
lunar ist offline   Mit Zitat antworten
Für Inhalt und Rechtmäßigkeit dieses Beitrags trägt der Verfasser lunar die alleinige Verantwortung. (s. Haftungshinweis)
Alt 01.08.2008, 11:01   #476
lunar
veränderlich
 
Benutzerbild von lunar
 
Registrierungsdatum: Dec 2005
Beiträge: 39.047
Standard

https://www.cia.gov/library/publica...r/2187rank.html

---> http://www.youtube.com/watch?v=6unDcYBQSpQ


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

Vanuatu aus Versehen 2x - scheint sehr schön zu sein

http://de.wikipedia.org/wiki/Vanuatu

Angehängte Grafiken
Dateityp: jpg Bild-1.jpg (81,0 KB, 19x aufgerufen)
Dateityp: jpg Bild-2.jpg (85,0 KB, 19x aufgerufen)
Dateityp: jpg Bild-3.jpg (85,4 KB, 19x aufgerufen)
Dateityp: jpg Bild-4.jpg (87,9 KB, 19x aufgerufen)
Dateityp: jpg Bild-5.jpg (86,3 KB, 19x aufgerufen)
Dateityp: jpg Bild-6.jpg (88,8 KB, 19x aufgerufen)
Dateityp: jpg Bild-7.jpg (35,0 KB, 19x aufgerufen)
__________________
***************http://www.poodwaddle.com/worldclock.swf ***************

Geändert von lunar (01.08.2008 um 11:10 Uhr).
lunar ist offline   Mit Zitat antworten
Für Inhalt und Rechtmäßigkeit dieses Beitrags trägt der Verfasser lunar die alleinige Verantwortung. (s. Haftungshinweis)
Alt 01.08.2008, 12:23   #477
lunar
veränderlich
 
Benutzerbild von lunar
 
Registrierungsdatum: Dec 2005
Beiträge: 39.047
Standard

...scheint ein "würdevoller" Vertreter des kleinen Mannes zu sein

MITTEN IM TARIFSTREIT

Ver.di- Chef fliegt mit Lufthansa in Südseeurlaub

Ver.di bestreikte die Lufthansa - doch wo steckt eigentlich der Gewerkschaftsboss Bsirske? Der "Bild"-Zeitung zufolge sonnt er sich in der Südsee, wohin er per Lufthansa-Maschine geflogen sein soll. In der ersten Klasse und kostenlos. mehr... [ Forum ]

....interessant ist es immer wieder in den Foren zu lesen
__________________
***************http://www.poodwaddle.com/worldclock.swf ***************

Geändert von lunar (01.08.2008 um 12:36 Uhr).
lunar ist offline   Mit Zitat antworten
Für Inhalt und Rechtmäßigkeit dieses Beitrags trägt der Verfasser lunar die alleinige Verantwortung. (s. Haftungshinweis)
Alt 01.08.2008, 19:43   #478
lunar
veränderlich
 
Benutzerbild von lunar
 
Registrierungsdatum: Dec 2005
Beiträge: 39.047
Standard

OPINION

Hank Paulson's Fannie Gamble

By LAWRENCE B. LINDSEY
August 1, 2008


Our housing finance system has been broken for quite some time, creating perverse incentives for borrowers and lenders. We have now reaped the consequences, and a major financial bailout of the system is probably inevitable.

Conservatives can rightly argue that had Congressional Democrats not blocked the various initiatives of the Bush administration to reform Fannie Mae and Freddie Mac for the past five years, we would not be sitting at the precipice like we are today. But that does not change the need for a government injection of funds to fill the financial hole in those two enterprises. The institutional arrangements in the American mortgage market cannot be changed overnight, and the risks of a breakdown in that market at some point over the next 18 months are still quite real.

Chad Crowe The trouble is, the legislation that just passed Congress indicates that Washington has learned nothing from our recent troubles. And, as this bailout bill is likely to be followed by at least one additional bill next year, the evident inability or unwillingness of Congress to move up the learning curve and abandon its past practices will make the ultimate cost to the taxpayer far higher than it might have been....

.....If any other country announced that its finance minister could print unlimited debt to do something similar, financial markets around the world would dump both the country's debt and the country's currency. It may well be different because this is the United States of America. But certainly, to take such a risky and unprecedented step, a better crafted and considered piece of legislation should have been created.

Mr. Lindsey, former assistant to the president for economic policy, is president and CEO of the Lindsey Group, and author of "What a President Should Know . . . But Most Learn too Late" (Rowman & Littlefield, 2008).

full story: http://online.wsj.com/article/SB121...in_commentaries
__________________
***************http://www.poodwaddle.com/worldclock.swf ***************
lunar ist offline   Mit Zitat antworten
Für Inhalt und Rechtmäßigkeit dieses Beitrags trägt der Verfasser lunar die alleinige Verantwortung. (s. Haftungshinweis)
Alt 01.08.2008, 20:00   #479
lunar
veränderlich
 
Benutzerbild von lunar
 
Registrierungsdatum: Dec 2005
Beiträge: 39.047
Standard

Making Sense of the Bear Market



-- Posted Friday, 1 August 2008 | Digg This Article | Source: GoldSeek.com

Interview in today's Business Times Singapore

PARTICIPANTS

Moderator:

Anthony Rowley, Tokyo correspondent for The Business Times.

Panellists:

Marc Faber, an investment adviser and publisher of the Gloom, Boom and Doom Report.

J Mark Mobius, president of Templeton Emerging Markets Fund Inc, and director and executive vice-president of Templeton Worldwide Inc.

Ethan Harris, managing director and chief US economist at Lehman Brothers, New York.

Ernest Kepper: A former official of the International Finance Corporation and Wall Street investment banker who now heads an Asian financial consultancy.

William Thomson, Chairman of Private Capital Limited, Hong Kong and adviser to Axiom Alternative Funds, London



OVERVIEW

Since the sub-prime mortgage crisis burst upon the US a year ago, there have been market rallies and claims that the worst is over, only to be followed by fresh plunges in values and sentiment. Are we near the bottom now, or just at the start of a long, slow meltdown? Our experts take the latter view.

Where can investors find a safe haven in this sea of trouble and uncertainty? Gold is still a good refuge, suggests one expert, who expects the price go as high as $2,500 an ounce.

More fundamentally, our experts see developing markets in Asia and beyond as the promised land that will emerge relatively strong from a potentially massive destruction of wealth in the old world. The needs of these emerging markets for food and natural resources will be strong, so farmland and plantations could be good investments.....

Marc Faber: A big risk of meltdown of the (US) financial system.

Mark Mobius: A water-torture bear market has begun.

Ernest Kepper 'I say this is an avalanche.

William Thomson: In no way can this be seen as a normal bear market.

Ethan Harris: It is absurd to think that US government debt is not safe.' ....

full interview ---> http://news.goldseek.com/GoldSeek/1217610000.php
__________________
***************http://www.poodwaddle.com/worldclock.swf ***************
lunar ist offline   Mit Zitat antworten
Für Inhalt und Rechtmäßigkeit dieses Beitrags trägt der Verfasser lunar die alleinige Verantwortung. (s. Haftungshinweis)
Alt 02.08.2008, 12:08   #480
lunar
veränderlich
 
Benutzerbild von lunar
 
Registrierungsdatum: Dec 2005
Beiträge: 39.047
Standard

SWRichmond
Registered User


Recon; I picked this up over at Mish.

http://bigpicture.typepad.com/commen...k-for-usa.html

Can't cut and paste. FASB has postponed implementation of fair value accounting standards until November 2009. Level 3 stays in Level 3 for more than another year.

This is just another one of the "measures" I referred to in my above post. Banks have been given the official OK to lie about their condition.

Rather than restoring trust, this measure will destroy any chance of trust returning. How can anyone value any bank now?

The article points out that about $11 Trillion is held in level 3 in "entities", presumably just those in the USA. Pretend for a moment that these assets in level 3 are valued at the same 5 cents on the dollar as Merrill recently sold CDO's. Hell, let's use a happy number and pretend like Merrill really got 22 cents on the dollar (in spite of the fact that Merrill financed 75% of the "sale" and retains liability if the CDO value declines further). We'll round it to 20 cents. In other words, their value was one fifth of face.

Now, let's take that $11 Trillion in Level 3 and say it's worth one fifth of face. The LOSS is equal to $8.8 Trillion USD. Even the Sovereign Wealth Funds don't have that kind of money. Combined. That is probably in addition to the "other" $11 Trillion reported lost in this Bloomberg article:
http://www.bloomberg.com/apps/news?p...d=aSEBXUrwAi3w

As I have noted elsewhere, the CIA Factbook reports the total value of global equity markets to be about $50 Trillion, and another $50 Trillion or so in debt instruments. This same source reports that the GDP of the planet is about $60 Trillion per year.

Do I have y'all's attention yet? $11 Trillion in realized losses, and another $8.8 Trillion (at least) in unrealized loses.

I'm not making this shit up.
__________________
***************http://www.poodwaddle.com/worldclock.swf ***************
lunar ist offline   Mit Zitat antworten
Für Inhalt und Rechtmäßigkeit dieses Beitrags trägt der Verfasser lunar die alleinige Verantwortung. (s. Haftungshinweis)
Antwort Gehe zum letzten Beitrag


Themen-Optionen

Gehe zu



Aktuelle Uhrzeit 10:15
Powered by: vBulletin Version 3.0.3
Copyright ©2000 - 2022, Jelsoft Enterprises Ltd.
Copyright © stock-channel.net