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PLovering

The SEC cut margins just before the latest bubble broke.

Double Bubble. Double Trouble.

Buffalo Ken

don't worry the double's just can't keep on doubling....

It will come to an end. Don't you think?

Ken

"convict, convict, convict, convict, and convict again....until we have all of em..."

hakan with the reindeer

Elaine, read this:
http://news.goldseek.com/GoldSeek/1214924640.php

"Farewell message

These are just some of the questions GSUL has set out to investigate in depth. Mainstream economics avoids these topics like the devil avoids holy water. Other schools such as the Austrian, for example, appear to be more interested in cultism and in regurgitating old tenets than in new research of new problems to which mainstream economics turns a blind eye.

It is with regret that GSUL gives up its plans to discuss these burning issues in public just at a time when the need for such debate appears to be the greatest.

I take this opportunity to thank everybody, participants as well as sponsors, for their support of our cause. I wish everybody a prosperous journey through what promises to be truly hard times."

Sad but true, Antal Fekete is trowing in the towel, or at least his project with the Gold Standard University.

I hope he will continue his work with his website.

Elaine Meinel Supkis

Fekete and I are on the same wave length. I will miss him. I read him faithfully.

NOTE how the Fed speeches I have been examining talk about all these things! The 'foreign agents' talk by Martin Jr, is referring to Keynes! Keynes, of course, 'discovered' during WWI that government war spending makes economies grow!

He then thought, if the government watches inflation and then moderates spending to prevent more than 2% inflation, everyone would get richer and richer and not notice the inflation.

THIS PROVED TO BE FATALLY FALSE! As we see plainly today.

Fekete depended on a gold salesman for support. He was supposed to LIE to people and tell them gold is money. IT IS NOT. Not now, at any rate. It can become money again but only AFTER THE GOVERNMENT CONFISCATES THE PRIVATE GOLD!!

History is a bloody bitch and She tells this odious tale over and over and over again. It is the obvious next step. Fekete began to finally realize this horrible truth and boom! His sponsors desert him.

MANY readers here deserted me when I made this clear. Yet people claim they want to know the future! Well, that isn't true, is it?

Carli

"MANY readers here deserted me when I made this clear. Yet people claim they want to know the future! Well, that isn't true, is it?"

Elaine, I believe that's called "willful ignorance", and there's a lot of it going around. It is what distinguishes sheeple from people. The sheeple are still listening to the Piped Piper's of the Fed, ECB and BOE. They will blissfully fall off the cliff.

Everyone makes their own choices. For those who are awake though there will be opportunity. As JFK said at Indianapolis in '59, 'The Chinese use two brush strokes to write the word ‘crisis.’ One brush stroke stands for danger, the other for opportunity. In a crisis be aware of danger – but recognize the opportunity.'

You and your readers are awake, and I wish you all safe passage in the coming storm. Peace.


PLovering

Depressions: cause, cure, and financial freedom.

http://www.themoneymasters.com/index.htm

Elaine Meinel Supkis

Thanks for the reminder, Carli. You are right.

Will check the link, PLovering.

PLovering

Better link to Money Masters.

Lemeno how you do.

http://video.google.com/videosearch?q=Money+Masters&hl=en#

GK

The BIS, the center of the central banking scam, are going Volcker. '...a global bias towards monetary tightening would seem appropriate...'

Oh, yah, and they promise us a wonderful '...new macrofinancial stability framework...'.

I am sure that will work just F*&^ing great.

BIS 78th Annual Report
VIII. Conclusion: the difficult task of damage control

http://www.bis.org/publ/arpdf/ar2008e8.htm

In the aftermath of a long credit-driven boom, it would not be surprising to see turmoil in financial markets, slowing real growth and temporarily rising inflation. The crucial questions at the present juncture have to do with the severity of these individual trends as they now appear and how they might interact. While difficult to predict, their interaction does appear to point to a deeper and more protracted global downturn than the consensus view seems to expect. At the same time, inflationary forces, particularly in emerging market economies, could also prove unexpectedly strong and persistent. A major factor in inflation prospects everywhere is likely to be the behaviour of wages, but in some countries the effect of a depreciating exchange rate on domestic prices could also play an unwelcome role.

With inflation a clear and present threat, and with real policy rates in most countries very low by historical standards, a global bias towards monetary tightening would seem appropriate. That said, the circumstances of different countries, both actual and prospective, currently rule out a "one size fits all" response. Moreover, should the global economy slow sharply and inflationary pressures recede, the bias to tightening would evidently also be reduced.

In the current and prospective environment, it should nonetheless be borne in mind that the effectiveness of a lowering of policy rates might be significantly reduced in the aftermath of a credit-induced spending boom. In view of the potential negative side effects of such a policy, not least the risk of encouraging further financial imbalances and misallocations of real resources, complementary policies might be envisaged to avoid overburdening monetary easing. Expansionary fiscal policy could have some merit, but in many countries current debt levels mean there is little room for manoeuvre. Steps to recognise and deal with losses and debt overhang problems, in a timely and orderly way, and subject to conditionality, must then be a high priority.

Perhaps the principal conclusion to be drawn from today's policy challenges is that it would have been better to avoid the build-up of credit excesses in the first place. In future, this could be done through the establishment of a new macrofinancial stability framework, which would call for both monetary and macroprudential policies to "lean against the wind" of the credit cycle. Recognising that cycles can be attenuated but not eliminated, a number of preparatory steps are also suggested that would allow periods of financial turmoil or crisis to be more effectively managed.

Elaine Meinel Supkis

GK, I got that report last night and am going to talk about it. Thanks for your analysis! Good work.

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The Hermes Birkin

Liked you on Facebook, too. =)

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