CNBC: kid gloves for bankers, boxing gloves for bank critics
Interviews with Barofsky, Spitzer, and Krugman underscore the network’s capture
By Ryan Chittum
TAGS: Andrew Ross Sorkin, CNBC, Eliot Spitzer, Paul Krugman, Wall Street
We’re all for aggressively skeptical interviewing—I’ve often wished we could import Brits to do our presidential interviews, for instance. But it’s a problem when one group of people get interviewed adversarially and another group gets deferential treatment.
That contrast has been clear on CNBC in the last few weeks in a series of interviews with liberal bank critics Neil Barofsky, Paul Krugman, and Eliot Spitzer. The comparison to how the network has recently treated the bankers who actually created the financial crisis is striking.
Barofsky, the former special inspector general of the TARP, is one of a very few prominent government officials to take a sharply skeptical stance toward the big banks. He went on CNBC’s Squawk Box last week to talk his new book Bailout, which makes the case that the TARP bailouts staved off a complete financial collapse but failed to fulfill its mandate to spur lending and help homeowners. In other words, he says Treasury rescued and, importantly, re-empowered Wall Street, while “foaming the runway” for the banks with most everyone else (besides the car companies).
This shouldn’t be controversial or hard to understand, but then you have to actually listen to Barofsky’s argument instead of interrupting him when he tries to answer, as Steve Liesman repeteadly does.
At one point, when Barofsky criticizes “the general attitude, which was this level of deference to the banks. And it’s extended over the past two years to program after program… Again and again it was always from the perspective of Wall Street,” he might as well have been talking about CNBC instead of the Obama Treasury.
Here’s a clip of Becky Quick lecturing Barofsky that “Wall Street made good on its side of the bargain” on TARP because it paid back its megabailouts plus a bit of interest:
Click here to continue to the source post with lots of great videos
Thursday, August 30, 2012
Wednesday, August 29, 2012
#Solutions to our Status Quo problem offered free of charge - beyond #politics
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Solutions to our Status Quo problem offered free of charge
Solutions to our Status Quo problem offered free of charge
Will we Collapse by August 2013? --> Someone who knows
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Source link
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Former Clients familiar with the Economic Confidence Model have asked is this a rapidly advancing cycle as was the cast in 1989? The Answer to that question appears to be YES! There, we had the 1987 Crash on the half cycle followed by the collapse of Japan in 1989, and then the rise and fall of South East Asia as the US S&P 5oo bottomed precisely with the low of that wave in 1994. The accuracy was astonishing from the 1987 Crash right to the day, the peak in Japan 1989.95, and then the precise day of the low in 1994. This wave appears to be working in a very similar manner. This means August 7th, 2013 we must be very careful about next year. We will be looking at the global markets at the upcoming conferences around the world. So yes! This is a very serious development. We may not last until 2015.75 and that could be the complete economic meltdown.
The US Government is closing its Iron Curtain around everything. Not only are European banks throwing Americans out, HSBC will not deal with Americans in Asia, American Express will not issue any card to an American even working for a foreign company outside the USA. The Post Office will not allow you to mail any cash. European mutual funds are now refusing to accept American clients and US mutual funds are starting to retaliate refusing to accept Europeans. Even the Hedge funds are being put at risk from draconian US laws that any foreign entity who deals with an American, must report what that American is doing overseas or their own assets will be confiscated in the USA. This whole thing is going completely nuts. This is not freedom, justice for all, nor “capitalism” – it is authoritarianism! Any American who even lives overseas owes taxes to the USA because he was BORN American. There is no “fair share” because you used or even received anything. Americans have become economic slaved and everything they produce or own is subject to the whims of the government pleasure.
Everything possible is being done to confiscate wealth. This is rapidly causing the collapse in the VELOCITY of money and is spiraling the global economy into a dark crater. This is all to pay bondholders. Those who have been counting on HYPERINFLATION fail to realize that the bankers will not stand for that. They demand the world be shaken down to its roots. We are entering the age of Atlas Shrugged. Capital is contracting. Global investing is starting to collapse. We are headed into something far worse than the Protectionism of the Great Depression. This is how you destroy freedom and civilization. So while they keep the idiots focused on abortion and gay marriage as the ONLY important issues to waste their votes, your economic future is being destroyed. The youth are not getting married because they cannot afford it and may be only the gays will be left who want to marry at the end of the day. Unemployment among the youth is outrageous. It has exceeded 50% in Spain and this was the cause behind gangs roaming Philadelphia attacking random people on the street as well as in London. Unemployment among minority youth in the USA has exceeded 50%. By next year, it looks like HYPERINFLATION would have been a blessing. This is the worst of the worst.
Source link
---
Former Clients familiar with the Economic Confidence Model have asked is this a rapidly advancing cycle as was the cast in 1989? The Answer to that question appears to be YES! There, we had the 1987 Crash on the half cycle followed by the collapse of Japan in 1989, and then the rise and fall of South East Asia as the US S&P 5oo bottomed precisely with the low of that wave in 1994. The accuracy was astonishing from the 1987 Crash right to the day, the peak in Japan 1989.95, and then the precise day of the low in 1994. This wave appears to be working in a very similar manner. This means August 7th, 2013 we must be very careful about next year. We will be looking at the global markets at the upcoming conferences around the world. So yes! This is a very serious development. We may not last until 2015.75 and that could be the complete economic meltdown.
The US Government is closing its Iron Curtain around everything. Not only are European banks throwing Americans out, HSBC will not deal with Americans in Asia, American Express will not issue any card to an American even working for a foreign company outside the USA. The Post Office will not allow you to mail any cash. European mutual funds are now refusing to accept American clients and US mutual funds are starting to retaliate refusing to accept Europeans. Even the Hedge funds are being put at risk from draconian US laws that any foreign entity who deals with an American, must report what that American is doing overseas or their own assets will be confiscated in the USA. This whole thing is going completely nuts. This is not freedom, justice for all, nor “capitalism” – it is authoritarianism! Any American who even lives overseas owes taxes to the USA because he was BORN American. There is no “fair share” because you used or even received anything. Americans have become economic slaved and everything they produce or own is subject to the whims of the government pleasure.
Everything possible is being done to confiscate wealth. This is rapidly causing the collapse in the VELOCITY of money and is spiraling the global economy into a dark crater. This is all to pay bondholders. Those who have been counting on HYPERINFLATION fail to realize that the bankers will not stand for that. They demand the world be shaken down to its roots. We are entering the age of Atlas Shrugged. Capital is contracting. Global investing is starting to collapse. We are headed into something far worse than the Protectionism of the Great Depression. This is how you destroy freedom and civilization. So while they keep the idiots focused on abortion and gay marriage as the ONLY important issues to waste their votes, your economic future is being destroyed. The youth are not getting married because they cannot afford it and may be only the gays will be left who want to marry at the end of the day. Unemployment among the youth is outrageous. It has exceeded 50% in Spain and this was the cause behind gangs roaming Philadelphia attacking random people on the street as well as in London. Unemployment among minority youth in the USA has exceeded 50%. By next year, it looks like HYPERINFLATION would have been a blessing. This is the worst of the worst.
Tuesday, August 28, 2012
$AUDJPY m5 stuck in this 23.6 - 61.8 range all day long
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Notice the bounce between the 23.6 & 61.8.. CCI bouncing off -200
I'm still "betting" lower
Click for larger image
Notice the bounce between the 23.6 & 61.8.. CCI bouncing off -200
I'm still "betting" lower
Click for larger image
Saturday, August 25, 2012
Friday, August 24, 2012
The bible speaks about the same #Annunaki that the #Sumerians do..
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The Sumerians wrote about the Annunaki
The bible calls them the children of Anak and the nephilim
Num 13:21 So they went up, and searched the land from the wilderness of Zin unto Rehob, as men come to Hamath.
Num 13:22 And they ascended by the south, and came unto Hebron; where Ahiman, Sheshai, and Talmai, the children of Anak, were. (Now Hebron was built seven years before Zoan in Egypt.)
Num 13:27 And they told him, and said, We came unto the land whither thou sentest us, and surely it floweth with milk and honey; and this is the fruit of it.
Num 13:28 Nevertheless the people be strong that dwell in the land, and the cities are walled, and very great: and moreover we saw the children of Anak there.
Num 13:31 But the men that went up with him said, We be not able to go up against the people; for they are stronger than we.
Num 13:32 And they brought up an evil report of the land which they had searched unto the children of Israel, saying, The land, through which we have gone to search it, is a land that eateth up the inhabitants thereof; and all the people that we saw in it are men of a great stature.
Num 13:33 And there we saw the giants, the sons of Anak, which come of the giants: and we were in our own sight as grasshoppers, and so we were in their sight.
CLASSIFIED BILL, HR 8791, UNCLASSIFIED.
"Congress shall now vote for approval of HR 8791, the Homeland Terrorism Preparedness Bill. Said bill request emergency response funding up to and including 1 TRILLION dollars to prepare for national level terrorist attack and/or attack from UNIDENTIFIED BEINGS. Funding for first responder personnel and vehicles will be doubled if said attack leads to more than 80% of national population being effected by UNIDENTIFIED BEINGS. This funding shall commence in conjunction to the first attack on THE UNITED STATES or the first large scale outbreak of VIRUS X depending on upon which comes first. Civillian and military units shall be trained in containment and combat of UNIDENTIFIED BEINGS including iratirated MUTANTS with possibility of VIRUS X BEING airborne, OR THE POSSIBILITY OF flesh eating, HOSTS and/or all the above. In such event as A DOMESTIC REVOLT ON US SOIL OR spewing/UNIDENTIFIED BEINGS escape or released or otherwise become uncontrollable, Air Force units may also be directed to combat said BEINGS due to their enormous size and other worldly strengths. Should event occur in urban areas, Jesus... That's DANGEROUS, far surpassing our darkest nightmares. Should casualties exceed 100,000,000 PEOPLE, body disposal actions should be holded and associated resources shall be reallocated through SEWAGE SYSTEMS underground FEMA-BASED protective birthing centers. A new bill of rights shall be drafted and approved by THE ELITE OF TEN. Having now reviewed the bill, I ask you to please cast your votes."
It sounds like FEAR PORN in its best!
---
Giant Hominoids
Who were the Annunaki?
Giant hominoids, standing on average 8 foot tall and far heavier and more muscular than humans, visiting Earth from their home planet, termed the Planet of the Crossing by the ancient Summerians.
It seems obvious to me that the Sumerians and the bible are discussing the same "beings"..
Greg
The Sumerians wrote about the Annunaki
The bible calls them the children of Anak and the nephilim
Num 13:21 So they went up, and searched the land from the wilderness of Zin unto Rehob, as men come to Hamath.
Num 13:22 And they ascended by the south, and came unto Hebron; where Ahiman, Sheshai, and Talmai, the children of Anak, were. (Now Hebron was built seven years before Zoan in Egypt.)
Num 13:27 And they told him, and said, We came unto the land whither thou sentest us, and surely it floweth with milk and honey; and this is the fruit of it.
Num 13:28 Nevertheless the people be strong that dwell in the land, and the cities are walled, and very great: and moreover we saw the children of Anak there.
Num 13:31 But the men that went up with him said, We be not able to go up against the people; for they are stronger than we.
Num 13:32 And they brought up an evil report of the land which they had searched unto the children of Israel, saying, The land, through which we have gone to search it, is a land that eateth up the inhabitants thereof; and all the people that we saw in it are men of a great stature.
Num 13:33 And there we saw the giants, the sons of Anak, which come of the giants: and we were in our own sight as grasshoppers, and so we were in their sight.
CLASSIFIED BILL, HR 8791, UNCLASSIFIED.
"Congress shall now vote for approval of HR 8791, the Homeland Terrorism Preparedness Bill. Said bill request emergency response funding up to and including 1 TRILLION dollars to prepare for national level terrorist attack and/or attack from UNIDENTIFIED BEINGS. Funding for first responder personnel and vehicles will be doubled if said attack leads to more than 80% of national population being effected by UNIDENTIFIED BEINGS. This funding shall commence in conjunction to the first attack on THE UNITED STATES or the first large scale outbreak of VIRUS X depending on upon which comes first. Civillian and military units shall be trained in containment and combat of UNIDENTIFIED BEINGS including iratirated MUTANTS with possibility of VIRUS X BEING airborne, OR THE POSSIBILITY OF flesh eating, HOSTS and/or all the above. In such event as A DOMESTIC REVOLT ON US SOIL OR spewing/UNIDENTIFIED BEINGS escape or released or otherwise become uncontrollable, Air Force units may also be directed to combat said BEINGS due to their enormous size and other worldly strengths. Should event occur in urban areas, Jesus... That's DANGEROUS, far surpassing our darkest nightmares. Should casualties exceed 100,000,000 PEOPLE, body disposal actions should be holded and associated resources shall be reallocated through SEWAGE SYSTEMS underground FEMA-BASED protective birthing centers. A new bill of rights shall be drafted and approved by THE ELITE OF TEN. Having now reviewed the bill, I ask you to please cast your votes."
It sounds like FEAR PORN in its best!
---
Giant Hominoids
Who were the Annunaki?
Giant hominoids, standing on average 8 foot tall and far heavier and more muscular than humans, visiting Earth from their home planet, termed the Planet of the Crossing by the ancient Summerians.
It seems obvious to me that the Sumerians and the bible are discussing the same "beings"..
Greg
Thursday, August 23, 2012
Am I doing this right or just f'ing nuts? #FX #Trade analysis $EURJPY m15 view
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It feels right to me so if it's wrong I'd have to start from zero..
Click for larger image
It feels right to me so if it's wrong I'd have to start from zero..
Click for larger image
Wednesday, August 22, 2012
Then they came for me.. You CAN be DISAPPEARED!
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First they came for the socialists,
and I didn't speak out because I wasn't a socialist.
Then they came for the trade unionists,
and I didn't speak out because I wasn't a trade unionist.
Then they came for the Jews,
and I didn't speak out because I wasn't a Jew.
Then they came for me,
and there was no one left to speak for me.
Here is the link on WikiPedia
In honor & support of.. Brandon J Raub
Don't be the next U.S. citizen to be "disappeared"..
By Brandon J Raub / Grabbed from source
November 11, 2011
America has lost itself. We have lost who we truly are. This is the land of the free and the home of the brave. This is the land of Thomas Jefferson. This is the land of Benjamin Franklin. This is the land of Fredrick Douglas. This is the land of Smedley Butler. This is the land John F. Kennedy. This is the land of Martin Luther King. This is the land where the cowboy wins. This is the land where you can start from the bottom and get to the top. This is the land where regardless of your race and ethnicity you can succeed and build a better life for you and your family. This is the land where every race coexists peacefully. This is the land where justice wins. This is the land where liberty dwells. This is the land where freedom reigns. This is the land where we help the poor, and people help each other. This is land where people beat racism.
The federal reserve is wrong. They have designed a system based off of greed and fear. They designed a system to crush the middle class between taxes and inflation. This is wrong, and it is unjust. It is wrong.
We have allowed ourselves to be deceived and seduced by the powers of the printing press. It is not a good system. It discourages saving: the foundation for all stable economic activity. The federal reserve is artificially manipulating interests rates and creating phony economic data. This thing has deceived our entire nation.
They created it in 1913. They also created the income tax in 1913. They encouraged the growth of debt so they can tax you on it. There is interest on the debt. Your government is in bed with these people. They want to enslave you to the government so that they can control every aspect of your lives. It is an empire based on lies. They operate on greed and fear.
There is a better way. It’s called freedom. Freedom is called a lot of things. But there is a true meaning. It means very simply that you have the right to do whatever you want as long as you are not infringing on the freedoms of other people.
I firmly believe that God set America apart from the other nations of the world. He saved a place where people could come to escape bad systems of government. This system we have created works. It really works.
There is evil going on all around the world. The United States was meant to lead the charge against injustice, but through our example not our force. People do not respond to having liberty and freedom forced on them.
Men and Women follow courage. They follow leadership, and courage. Our example has paved the way for people all around the world to change their forms of government.
Force is not the way because liberty is a powerful concept. The idea that men can govern themselves is the basis for every just form of government.
We can govern ourselves. We do not need to be governed by men who want to install a one world banking system. These men have machine hearts. Machine and unnatural hearts. They have blocked out the possibility of a better world. They fear human progress. They have monopolies on everything.
This life can be free and beautiful. There are enough resources on this earth to support the world’s population. There are enough resources on this earth to feed everyone. There is enough land for everyone to own their own land and farm, and produce their own energy.
These people have been hiding technology. There are ways to create power easily. There is technology that can provide free cheap power for everyone. There are farming techniques that can feed the entire world.
They are controlling your media. They have dumbed you down through your school systems. They have systematically dismantled the constitution. It is in rags.
The bill of rights is being systematically dismantled. Men have spilled their blood for those rights.
Your sons and daughters, your brothers and sisters, and Americas best young men and women are loosing their limbs. They are loosing their lives. They are losing the hearts. They do not know why they are fighting. They are killing. And they do not know why.
They have done some extraordinary acts. Their deeds go before them. But these wars are lies. They are lies. They deceived our entire nation with terrorism. They have gotten us to hand them our rights. Our Rights! Men died for those rights!
September Eleventh was an inside job. They blew up a third building in broad daylight. Building 7.
Your leaders betrayed you.
You elected an aristocracy. They are beholden to special interests. They were brainwashed through the Council on Foreign Relations. Your leaders are planning to merge the United States into a one world banking system. They want to put computer chips in you.
These men have evil hearts. They have tricked you into supporting corporate fascism. We gave them the keys to our country. We were not vigilant with our republic.
There is hope. BUT WE MUST TAKE OUR REPUBLIC BACK.
First they came for the socialists,
and I didn't speak out because I wasn't a socialist.
Then they came for the trade unionists,
and I didn't speak out because I wasn't a trade unionist.
Then they came for the Jews,
and I didn't speak out because I wasn't a Jew.
Then they came for me,
and there was no one left to speak for me.
Here is the link on WikiPedia
In honor & support of.. Brandon J Raub
Don't be the next U.S. citizen to be "disappeared"..
By Brandon J Raub / Grabbed from source
November 11, 2011
America has lost itself. We have lost who we truly are. This is the land of the free and the home of the brave. This is the land of Thomas Jefferson. This is the land of Benjamin Franklin. This is the land of Fredrick Douglas. This is the land of Smedley Butler. This is the land John F. Kennedy. This is the land of Martin Luther King. This is the land where the cowboy wins. This is the land where you can start from the bottom and get to the top. This is the land where regardless of your race and ethnicity you can succeed and build a better life for you and your family. This is the land where every race coexists peacefully. This is the land where justice wins. This is the land where liberty dwells. This is the land where freedom reigns. This is the land where we help the poor, and people help each other. This is land where people beat racism.
The federal reserve is wrong. They have designed a system based off of greed and fear. They designed a system to crush the middle class between taxes and inflation. This is wrong, and it is unjust. It is wrong.
We have allowed ourselves to be deceived and seduced by the powers of the printing press. It is not a good system. It discourages saving: the foundation for all stable economic activity. The federal reserve is artificially manipulating interests rates and creating phony economic data. This thing has deceived our entire nation.
They created it in 1913. They also created the income tax in 1913. They encouraged the growth of debt so they can tax you on it. There is interest on the debt. Your government is in bed with these people. They want to enslave you to the government so that they can control every aspect of your lives. It is an empire based on lies. They operate on greed and fear.
There is a better way. It’s called freedom. Freedom is called a lot of things. But there is a true meaning. It means very simply that you have the right to do whatever you want as long as you are not infringing on the freedoms of other people.
I firmly believe that God set America apart from the other nations of the world. He saved a place where people could come to escape bad systems of government. This system we have created works. It really works.
There is evil going on all around the world. The United States was meant to lead the charge against injustice, but through our example not our force. People do not respond to having liberty and freedom forced on them.
Men and Women follow courage. They follow leadership, and courage. Our example has paved the way for people all around the world to change their forms of government.
Force is not the way because liberty is a powerful concept. The idea that men can govern themselves is the basis for every just form of government.
We can govern ourselves. We do not need to be governed by men who want to install a one world banking system. These men have machine hearts. Machine and unnatural hearts. They have blocked out the possibility of a better world. They fear human progress. They have monopolies on everything.
This life can be free and beautiful. There are enough resources on this earth to support the world’s population. There are enough resources on this earth to feed everyone. There is enough land for everyone to own their own land and farm, and produce their own energy.
These people have been hiding technology. There are ways to create power easily. There is technology that can provide free cheap power for everyone. There are farming techniques that can feed the entire world.
They are controlling your media. They have dumbed you down through your school systems. They have systematically dismantled the constitution. It is in rags.
The bill of rights is being systematically dismantled. Men have spilled their blood for those rights.
Your sons and daughters, your brothers and sisters, and Americas best young men and women are loosing their limbs. They are loosing their lives. They are losing the hearts. They do not know why they are fighting. They are killing. And they do not know why.
They have done some extraordinary acts. Their deeds go before them. But these wars are lies. They are lies. They deceived our entire nation with terrorism. They have gotten us to hand them our rights. Our Rights! Men died for those rights!
September Eleventh was an inside job. They blew up a third building in broad daylight. Building 7.
Your leaders betrayed you.
You elected an aristocracy. They are beholden to special interests. They were brainwashed through the Council on Foreign Relations. Your leaders are planning to merge the United States into a one world banking system. They want to put computer chips in you.
These men have evil hearts. They have tricked you into supporting corporate fascism. We gave them the keys to our country. We were not vigilant with our republic.
There is hope. BUT WE MUST TAKE OUR REPUBLIC BACK.
Tuesday, August 21, 2012
Forget Europe... This is a REAL Crisis to Be Afraid Of
---
Received from Gains Pains & Capital
---
August 17, 2012
Forget Europe... This is a REAL Crisis to Be Afraid Of
The following is an excerpt from the latest issue of Private Wealth Advisory... in it I outline the coming food Crisis in the US as well as how to prepare for it and which investments to focus on t profit from it....
We need to address a MAJOR situation that is developing: the drought in the US and its impact on US crops.
The US is experiencing its worst drought since 1956. Altogether 63% of the lower US 48 states are experiencing a drought. As a result of this, the USDA has said that 50% of the US's corn crop will be in poor to very poor condition.
What does this mean? That the US will have a very VERY low corn crop. This in of itself is bad. But when you consider that corn supplies are at their lowest levels in 17 years, you've got a recipe for a serious corn shortage.
Few people understand how large a part of the US industrial food chain is tied to corn.
Corn feeds the chickens, pigs, cows, turkeys, and lambs that are the primary sources of meat in the US. It also now feeds the most common fish in the US diet (catfish, tilapia, and salmon), all of which have been genetically engineered to eat the vegetable.
Corn feeds the chickens that provide us with eggs. It also feeds the cows that provide us with dairy products (butter, yogurt, milk, cheese). Even if you avoid milk and drink soda or beer, you're still drinking corn in one form or another: virtually all sodas contain high fructose corn syrup, while the alcohol in beer is fermented from glucose that originated in corn.
Corn is in margarine, coffee sweetener, icing, gravy, hot sauce, mayonnaise, soups, cake mixes, snacks foods, salad dressings, frozen waffles, and on and on. If you eat produce in any form, it's likely got corn in or on it: corn was in the pesticide, the cardboard in which it was shipped, even the wax applied to its surface to give it a sheen.
Step away from the food section in a supermarket and you're still surrounded by corn. Corn is in toothpaste, disposable diapers, matches, trash bags, disposable batteries, make up, even magazines covers (again the sheen).
According to Michael Pollan, author of The Omnivore's Dilemma, corn is in roughly 25% of all items located in your average grocery store. So a corn shortage means BIG TROUBLE for the US when it comes to food.
The situation is equally gloomy for soybeans, the second largest produced crop in the US: today inventories are at their lowest levels in 32 years. And the current drought has resulted in 39% of this year's soybean crop being in poor to very poor condition.
What does this all mean? That we're likely heading into a food crisis in the US regarding corn and soybeans.
On that note, I've already alerted my Private Wealth Advisory subscribers to a handful of investments that will explode higher as this food shortage picks up steam. Already two of them are up over 5% in less than two weeks' time.
To find out what they are... and start receiving my bi-weekly investment research reports including real time "buy and sell" alerts via email, you need to take out a subscription to Private Wealth Advisory. To do so...
Click Here Now!!!
Graham Summers
Received from Gains Pains & Capital
---
August 17, 2012
Forget Europe... This is a REAL Crisis to Be Afraid Of
The following is an excerpt from the latest issue of Private Wealth Advisory... in it I outline the coming food Crisis in the US as well as how to prepare for it and which investments to focus on t profit from it....
We need to address a MAJOR situation that is developing: the drought in the US and its impact on US crops.
The US is experiencing its worst drought since 1956. Altogether 63% of the lower US 48 states are experiencing a drought. As a result of this, the USDA has said that 50% of the US's corn crop will be in poor to very poor condition.
What does this mean? That the US will have a very VERY low corn crop. This in of itself is bad. But when you consider that corn supplies are at their lowest levels in 17 years, you've got a recipe for a serious corn shortage.
Few people understand how large a part of the US industrial food chain is tied to corn.
Corn feeds the chickens, pigs, cows, turkeys, and lambs that are the primary sources of meat in the US. It also now feeds the most common fish in the US diet (catfish, tilapia, and salmon), all of which have been genetically engineered to eat the vegetable.
Corn feeds the chickens that provide us with eggs. It also feeds the cows that provide us with dairy products (butter, yogurt, milk, cheese). Even if you avoid milk and drink soda or beer, you're still drinking corn in one form or another: virtually all sodas contain high fructose corn syrup, while the alcohol in beer is fermented from glucose that originated in corn.
Corn is in margarine, coffee sweetener, icing, gravy, hot sauce, mayonnaise, soups, cake mixes, snacks foods, salad dressings, frozen waffles, and on and on. If you eat produce in any form, it's likely got corn in or on it: corn was in the pesticide, the cardboard in which it was shipped, even the wax applied to its surface to give it a sheen.
Step away from the food section in a supermarket and you're still surrounded by corn. Corn is in toothpaste, disposable diapers, matches, trash bags, disposable batteries, make up, even magazines covers (again the sheen).
According to Michael Pollan, author of The Omnivore's Dilemma, corn is in roughly 25% of all items located in your average grocery store. So a corn shortage means BIG TROUBLE for the US when it comes to food.
The situation is equally gloomy for soybeans, the second largest produced crop in the US: today inventories are at their lowest levels in 32 years. And the current drought has resulted in 39% of this year's soybean crop being in poor to very poor condition.
What does this all mean? That we're likely heading into a food crisis in the US regarding corn and soybeans.
On that note, I've already alerted my Private Wealth Advisory subscribers to a handful of investments that will explode higher as this food shortage picks up steam. Already two of them are up over 5% in less than two weeks' time.
To find out what they are... and start receiving my bi-weekly investment research reports including real time "buy and sell" alerts via email, you need to take out a subscription to Private Wealth Advisory. To do so...
Click Here Now!!!
Graham Summers
Ron Paul's Message To Supporters: Let's Do Our Job Right | Rally In Tampa 8/26
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Please support the "ideas" of Ron Paul
Greg
Please support the "ideas" of Ron Paul
Greg
Friday, August 17, 2012
$USDCAD m1
---
To be quite honest I have always struggled with trade management after entering a trade..
I would set initial stops and then just run on faith that they would not be hit..
Many times I would be well into profit only to see, in the end, substantial losses..
I try very hard not to that anymore.. LMAO
Just scalping around on USDCAD this lazy Friday afternoon.. I have 8 pips (x2) banked and two, two lot, entries left from 0.98850 and 0.98826 my stops are now 0.9887 & 0.98850 which locks in 4 more whole pips bringing the total to a whopping 12 pip gain.
But you know what? It's fun because when you trade this way you cannot lose and it's a good way to relax ;)
Happy pipping everyone
Here's what it looks like
Click for larger image
To be quite honest I have always struggled with trade management after entering a trade..
I would set initial stops and then just run on faith that they would not be hit..
Many times I would be well into profit only to see, in the end, substantial losses..
I try very hard not to that anymore.. LMAO
Just scalping around on USDCAD this lazy Friday afternoon.. I have 8 pips (x2) banked and two, two lot, entries left from 0.98850 and 0.98826 my stops are now 0.9887 & 0.98850 which locks in 4 more whole pips bringing the total to a whopping 12 pip gain.
But you know what? It's fun because when you trade this way you cannot lose and it's a good way to relax ;)
Happy pipping everyone
Here's what it looks like
Click for larger image
Thursday, August 16, 2012
Who TF IS Jon Corzine anyway?
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So.. this, former politician named Jon Corzine, started an "investment" firm and (though I'm certain it had nothing to do with his political "connections") he somehow managed to land the "coveted" title of Primary Dealer. A special, elite, group of banks who get to deal directly with the esteemed Federal Reserve Bank (apparently a public / private corporation? The power elite? God? WTF?)
Awarded such a prestigious honor he proceeded to blow up his "investment" company costing his clients 1 billion dollars (of worthless fucking fiat).
Thence the investigation ensued..
Hence, some 10 months of intensive investigation later, apparently no criminal charges will be filed.. (though I'm certain it had nothing to do with his political "connections"). Apparently Mr Corzine's only "mistakes" were poor business management..
So now I see he may use his poor business management "skills?" once again in opening a new fund?
Anyone remember when Martha Stewart went to PRISON for doing, essentially, nothing at all?
I sure hope this helps explain to people why I call them all bastards..
Greg
So.. this, former politician named Jon Corzine, started an "investment" firm and (though I'm certain it had nothing to do with his political "connections") he somehow managed to land the "coveted" title of Primary Dealer. A special, elite, group of banks who get to deal directly with the esteemed Federal Reserve Bank (apparently a public / private corporation? The power elite? God? WTF?)
Awarded such a prestigious honor he proceeded to blow up his "investment" company costing his clients 1 billion dollars (of worthless fucking fiat).
Thence the investigation ensued..
Hence, some 10 months of intensive investigation later, apparently no criminal charges will be filed.. (though I'm certain it had nothing to do with his political "connections"). Apparently Mr Corzine's only "mistakes" were poor business management..
So now I see he may use his poor business management "skills?" once again in opening a new fund?
Anyone remember when Martha Stewart went to PRISON for doing, essentially, nothing at all?
I sure hope this helps explain to people why I call them all bastards..
Greg
Wednesday, August 15, 2012
If you would do this you belong on #Stupid #Island
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I have expressed a desire before to round up any / all stupid people and deposit them on an island somewhere so they can no longer F things up for "normal" people..
Like they did with credit card debt and housing purchases..
I got some "prescreened" mail the other day.. I could, optionally, OPT-OUT but I don't..
Why?
Because I enjoy seeing the offers made to "fools" and I have a desire to make as many corrupt corporations as possible waste as much fiat as possible sending me stupid snail mail. Hope to God it comes right off their bottom line..
Anyway.. this last one was from SUN Loan Company.. Far from the first one from these ridiculous bastards..
This is one of those outfits that will loan fiat to anyone with a pulse (No credit? Bad credit? NO PROBLEM!)
The offer I got in the mail actually HAS (though in small print) the APR listed on the front of the letter (no doubt required by federal law).
What is it?
Apparently that depends but it says the APR will range somewhere between 52.62% to 159.18%
If you would do this we will see about getting you a ticket to Stupid Island as soon as is humanly possible..
Greg
I have expressed a desire before to round up any / all stupid people and deposit them on an island somewhere so they can no longer F things up for "normal" people..
Like they did with credit card debt and housing purchases..
I got some "prescreened" mail the other day.. I could, optionally, OPT-OUT but I don't..
Why?
Because I enjoy seeing the offers made to "fools" and I have a desire to make as many corrupt corporations as possible waste as much fiat as possible sending me stupid snail mail. Hope to God it comes right off their bottom line..
Anyway.. this last one was from SUN Loan Company.. Far from the first one from these ridiculous bastards..
This is one of those outfits that will loan fiat to anyone with a pulse (No credit? Bad credit? NO PROBLEM!)
The offer I got in the mail actually HAS (though in small print) the APR listed on the front of the letter (no doubt required by federal law).
What is it?
Apparently that depends but it says the APR will range somewhere between 52.62% to 159.18%
If you would do this we will see about getting you a ticket to Stupid Island as soon as is humanly possible..
Greg
Tuesday, August 14, 2012
Just shorted $AUDUSD Here's an h1 chart
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Hope I'm not being a sucker at this time of morning..
Click for larger image
Greg
Hope I'm not being a sucker at this time of morning..
Click for larger image
Greg
Monday, August 13, 2012
Sayings of King Lemuel - Proverbs 31 (NIV)
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Proverbs 31 (NIV)
Sayings of King Lemuel
1 The sayings of King Lemuel—an inspired utterance his mother taught him.
2 Listen, my son! Listen, son of my womb!
Listen, my son, the answer to my prayers!
3 Do not spend your strength[a] on women,
your vigor on those who ruin kings.
4 It is not for kings, Lemuel—
it is not for kings to drink wine,
not for rulers to crave beer,
5 lest they drink and forget what has been decreed,
and deprive all the oppressed of their rights.
6 Let beer be for those who are perishing,
wine for those who are in anguish!
7 Let them drink and forget their poverty
and remember their misery no more.
8 Speak up for those who cannot speak for themselves,
for the rights of all who are destitute.
9 Speak up and judge fairly;
defend the rights of the poor and needy.
Proverbs 31 (NIV)
Sayings of King Lemuel
1 The sayings of King Lemuel—an inspired utterance his mother taught him.
2 Listen, my son! Listen, son of my womb!
Listen, my son, the answer to my prayers!
3 Do not spend your strength[a] on women,
your vigor on those who ruin kings.
4 It is not for kings, Lemuel—
it is not for kings to drink wine,
not for rulers to crave beer,
5 lest they drink and forget what has been decreed,
and deprive all the oppressed of their rights.
6 Let beer be for those who are perishing,
wine for those who are in anguish!
7 Let them drink and forget their poverty
and remember their misery no more.
8 Speak up for those who cannot speak for themselves,
for the rights of all who are destitute.
9 Speak up and judge fairly;
defend the rights of the poor and needy.
Friday, August 3, 2012
Here, briefly, is pretty much what I'm try to do now.. FREE #FX #Signals! LMAO
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Click for larger image
Enjoy your weekend
Greg
Click for larger image
Enjoy your weekend
Greg
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