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ralph

WWW.GATA.ORG All the info youll ever need on gold swaps,Exchange Stabilization fund,Counter-party risk management group etc... All the criminal market propping activities have been identified by GATA, and they are actively suing the FED and Treasury. The interventions into markets are nothing new. They have been doing it everyday, under the guise of a "national security threat".....Hit the Gold market,buy snp futuresetc, etc...Total joke. "THERE IS NO MARKETS ANYMORE JUST INTERVENTIONS" Chris Powell Gata chairman 2007.

Elaine Meinel Supkis

The Federal Reserve's gold swaps are part of the gold bubble/crash system. After all, it is still one of the biggest holders of gold as an entity.

Namely, this gold is owned by the Federal Reserve, not lots of individuals. Thus, it has much greater weight in gold markets. And since it is a dead end, it makes its value via SWAPS.

This is what was used this week to shower the world markets with more fake money. This is why I call it 'Faux gold.'

Bear of Little Brain

In fairness, Chris Patten is not just any media hack. He is now Lord Patten and was the last Governor of Hong Kong and is a life-long Tory. He's been an EU Commissioner. He was also the minister stuck with implementing Thatcher's Poll Tax.

Rob Kirby has an interesting post re: JP Morgan, Lehman, NY Fed, and $138Bn. Was the ultimate pirate shipping water and about to do a Pequod?

http://tinyurl.com/44kmjc

Christian W

Last spring I started to wait for the Autumn crash. It didn't disappoint. Time to wait for the February/March crash now. That one will be a wonder to behold.

OC

Elaine,

They just shot themselves in the foot by making shorting illegal - that include gold and silver.

Just like u said, horns of dilemma; now the prices will go wild.

OC

More articles on gold and debt:

http://www.marketoracle.co.uk/Article6343.html

don

Manipulation of stocks or conflict of interest? How can the govt. manuver short
selling just for Banks. Is this unfair
to the other industries that are on the stock market? Is this creating a fantasy
for short term financials knowing that
credit card deliquencies and commercial
real estate horrors are right around the
corner? Elaine???????????????????????????

carli

"The New World Order gnomes love this rescue. They sweated bullets trying to get this rescue to work. They will unload their garbage into the US vaults and run off with all the gold swaps. The Federal Reserve has nothing left except IOUs that won't be repaid."

You hit the nail on the head Elaine! The bankers now have the Treasury, Fed and politicians playing their musical chairs game. Everyone wants to play last man standing and pass the buck. It's about delaying the implosion until they are no longer the one's holding the bag.

Buffalo Ken

but, if I understand what I just read, derivatives are valued in currency by some "percentage factor" that then speaks to "amounts owed". Well if amounts are owed, the ones to whom they are owed are going to demand payment. Don't you think? And given the ludricous values of "derivatives" these amounts owed will also be lucricrous relatively speaking just a bit less (derivataive * factor that is less than 1).

How can payment be forthcoming if the country is bankrupt? Who is running this country? People who understand balance want to know this I think. I know I do.

Blunt Force Trauma

OC, short-selling hasn't been made illegal, it's been 'put on hold' until January. Although it should be illegal.

Speaking of illegal....

The ponzi scheme of bankers, liars and thieves are seeing to it that their scheme IS going through the roof. The DOW is currently up 438 points to 11,458.

Increasing the size of their bubble, I see. Good job.

carli

That is a good question Ken. Clearly someone is going to get screwed and at the rate things are going it looks like the American taxpayer.

Watch this and keep an open mind. The world is not as perfect or as professional as the system would have you believe. Read between the lines and you will get an idea of how things really work. Keep an open mind, it's not easy. Just try. Watch all four parts.

http://www.youtube.com/watch?v=fMUBrl5zp7w

Blunt Force Trauma

US temporarily bans short selling of stocks

http://tiny.cc/RzVGH

Buffalo Ken

thank-you carli.

Blunt Force Trauma

Another commodity that will deliver a sting.

"Minerals Management Service (MMS) reports that as of September 17, 2008, 49 of the 3,800 offshore oil and gas production platforms in the Gulf of Mexico have been destroyed by Hurricane Ike."

They are using the word 'destroyed'.

Oil is currently at $102.79 Up some 14 bucks since Tuesday.

More here:

http://tiny.cc/mV6Se

carli

(2 hours ago) WASHINGTON (AP) — Senate Banking Committee Chairman Chris Dodd says the United States may be "days away from a complete meltdown of our financial system" and Congress is working quickly to prevent that.
http://tinyurl.com/43jab2

It's not over.

don

excuse me: banning the short selling of banks stocks..oops...

Elaine Meinel Supkis

Nigerians blew up another pipeline. And bin Laden is setting up some nasty surprises for us. And North Korea is restarting their nukes. GAH.

Everyone knows the US is collapsing.

carli

From Homeland Security:

Intelligence: Terror operation in U.S., Europe possibly imminent
http://www.homelandsecurityus.com/20081917Arch

Put this together with what you learn from the earlier link, Ken. And there are a few things you should know:

1. The US Fiscal year DOES end September 30

2. Blackwater which has been in business since 1997, DOES train 40,000 people every YEAR.

3. $2.7 Trillion HAS DISAPPEARED and IS UNACCOUNTED for from the Pentagon coffers.

Blunt Force Trauma

Interesting quote from Dodd, Carli. I thought after the nearly half a trillion in bailouts this week alone; silly me, I assumed that they WERE doing something or "preventing" that.

You may want to see this near-illegal plan of 'cleaning books'

Paulson, Bernanke Expand U.S. Power to Tackle Financial Crisis

"The U.S. government moved to "cleanse banks"(?) of troubled assets and halt an exodus of investors from money markets in the biggest expansion of federal power over the financial system since the Great Depression."

http://tiny.cc/INAps


carli

Intelligence: Terror operation in U.S., Europe possibly imminent
http://www.homelandsecurityus.com/20081917Arch

Few things you should know Ken, in reference to the previous link I mentioned:

1. The US Fiscal year DOES end in September
2. Blackwater which has been in business since 1997, and DOES train 40,000 people every YEAR.
3. $2.7 Trillion HAS DISAPPEARED and IS UNACCOUNTED for from the Pentagon coffers.

Blunt Force Trauma

Intelligence: Terror operation in U.S., Europe possibly imminent

What. They're planning to stage one? Hmm, what you speak of, Carli, sounds like this:

Bush Paves the Way for Martial Law: 2007 National Defense Authorization Act overturns Posse Comitatus Act (March, 2007)

http://tiny.cc/KqfR4

carli

Intelligence: Terror operation in U.S., Europe possibly imminent
http://www.homelandsecurityus.com/20081917Arch

Few things you should know Ken, in reference to the previous link I mentioned:

1. The US Fiscal year DOES end in September
2. Blackwater which has been in business since 1997, and DOES train 40,000 people every YEAR.
3. $2.7 Trillion HAS DISAPPEARED and IS UNACCOUNTED for from the Pentagon coffers.

RobG

Treasury to Guarantee Money Market Funds (http://tinyurl.com/3m7d22)

The Treasury Department said Friday morning that it would guarantee, at least temporarily, money market funds up to an amount of $50 billion in order to ensure their solvency.

“For the next year, the U.S. Treasury will insure the holdings of any publicly offered eligible money market mutual fund — both retail and institutional — that pays a fee to participate in the program,” the Treasury said in a statement .

Blunt Force Trauma

Now I'm on a tyranny/dictatorship roll....

You'll love this.

Homeland Security, Sesame Style

Check out Chertoff's squeeze next to....Bohemian Grover

http://tiny.cc/XqF1d

carli

Blunt Force, the martial law scenario is probably be their Plan B should their bail out plan not catch. Things are quite fluid and not what they seem.

Where there's smoke...

Buffalo Ken

carli - none of that stuff surprise me. I still want to know who is running the government? The question is not rhetorical because good media information seems incredibly unavailable for the typical citizen.

I know Blackwater is in my own backyard. Hell, they might even be in my neighborhood. I can live with anyone, but I just want to know who is running the government. Seems like a simple question.

And again, thanks for what you said before.

I refuse to be frightened or bullied and I hope the typical citizens of this great land feel likewise.

Peace,
Ken

Blunt Force Trauma

Carli, I believe Plan 'B' will be implemented by 'them' as I can't see their rash of bailout plans taking hold. Today's rise in the markets will be very short lived.

Yes, the smoke. No wonder it's so damn hazy today.

carli

Blunt Force, that's absolutely evil! Der Fuhrer would have been proud! Hahaha

Blunt Force Trauma

Ken asked:

"....but I just want to know who is running the government. Seems like a simple question."

Look no further than those that are running the asylum.

MCC

Bankrupt corporations are being bought with fake money by an insolvent government. That's hilarious! The only thing that's real in the whole thing is debt. And at this point no one knows who owes what to whom! My question at this point is who in their right mind would be buying US Treasury bonds at this point? They are the ultimate patsies in this whole Ponzi scheme. Them and the US tax payers... but the more they make our dollars worthless, the more the US tax base dries up as a potential sponge for red ink. They've already put more debt on the treasury then will likely ever be payed in my lifetime. I can only guess that the major foreign holders of US debt are willing to write off all of that debt as a complete loss, with the ultimate payoff being the total collapse of the US government and economy. And given the amount of evil-doing the US is guilty of abroad, I can hardly blame the Chinese or Japanese (or anyone else) for such an objective.

OC

Blunt Force Trauma,

There'll be hell to pay before Feb next year at this rate. No hiding anywhere in this world.

Maybe the black hole where Zeus is hiding...with his 3 daughters.

Looks like we are all invited whether we want to or not.

Are these gnomes nuts - where the hell do they think they can run to???

carli

Ken, right now I have no doubt the Bush crime family is in control of the U.S. Wish it were not so, but that's how it is.

Ed-M

The greedy pigs over at Wall Street are happy over Paulson's mad scheme to buy bad mortgage debt with more funny money, financed by more Gov't debt.

http://news.yahoo.com/s/ap/20080919/ap_on_bi_st_ma_re/wall_street

The $64 Trillion Dollar Question is, what happens if and when the Gov't debt goes bad?

(I would have used "$64,000.00 Question," but that's in 1950s dollars. Heh.

Ed-M

$64 Trillion is about one tenth the size of the Derivatives Beast. ;)

Buffalo Ken

carli, if that is true then based on what I have tried to learn about history, I would say it is "very sad".

What more is there to say...

Buffalo Ken

and what the hay....

Furthermore, I have already "put-out" two ideas that could be part of the solution (at least I have here I think). Anyhow.

1. Constitutional Convention.

2. New system for "currency" exchange (this will be "complicated" but it need to be as complicated as it is now...you know? I'm not sure really because it is just an intuitive thought, but the engineer in me wants to believe).

Peace,
Ken

Ed-M

"Namely, this gold is owned by the Federal Reserve, not lots of individuals. Thus, it has much greater weight in gold markets. And since it is a dead end, it makes its value via SWAPS.

This is what was used this week to shower the world markets with more fake money. This is why I call it 'Faux gold.' "

So, Elaine, if the Fed has to sell their REAL gold to finance their faux gold, the US$ becomes identical to the "Renten Marks" of the Weimar Republic, in that it is backed up by the real estate? Which is collapsing in price daily???

Blunt Force Trauma

Ed-M said:

"The greedy pigs over at Wall Street are happy over Paulson's mad scheme to buy bad mortgage debt with more funny money, financed by more Gov't debt."

Oh, yes. The 'book cleansing' scheme. Or if they don't buy the debt, they'll move it into Fannie and Freddie to absorb it and mix it in with the rest of the insolvency over there.

"The $64 Trillion Dollar Question is, what happens if and when the Gov't debt goes bad?"

Already has. Have you seen the rate of a 3 month bond? 0.01%!!

Buffalo Ken

crap and sorry:

It does NOT need to be as complicated as NOW, and in fact, it probably could be very simple relatively speaking.

Whats the harm in a Constitutional Convention? Isn't that how the Constitution was "formulated" to anticipate just such a situation?

Ken

carli

Blunt Force, Junior just said the US has been in Recession since 2001. Oh boy, who wrote his script. I noticed how Paulson woke up when he said that. If it weren't so sad it would be funny!

Keep the faith Ken, I do believe change is coming. Peace to all.

Ed-M

"You hit the nail on the head Elaine! The bankers now have the Treasury, Fed and politicians playing their musical chairs game. Everyone wants to play last man standing and pass the buck. It's about delaying the implosion until they are no longer the one's holding the bag."

And you hit the nail on the head, too, Carli! They ALL want the taxpayers to be holding the bag when it explodes. Problem is, the taxpayers are the golden geese who lays their eggs; when the bag implodes, the geese will be killed! And the death of the taxpayers will cause another bag to implode --- the soundness of US debt and the value of the US$. If these gnomes are foolish enough to be holdin' US debt or US$'s when this happens, they get killed, too!

Frederick N. Chase

"They just shot themselves in the foot by making shorting illegal ...."

Yes. For example, Proshares ultrashort financials stopped trading at 9:33AM EST.

Blunt Force Trauma

"....Junior just said the US has been in Recession since 2001."

If he did, Carli, the media are conveniently omitting that fact.

Bear of Little Brain

Have I got this right? Taxpayers (directly, or indirectly) are to fund the system in order to have lower mortgage interest rates for, umm, themselves, so that they can continue to purchase from a glut of hastily-built housing and/or stay in everlasting debt?
Strange days, indeed.

After the short-covering rally, it will be interesting to see if there are any buyers. Not me, not yet.

blues

Yup. Cynthia McKinney. Nader is kinda a dolt. It's gotta be Cynthia. That is your final answer.

Blunt Force Trauma

Bear of Little Brain said:

"After the short-covering rally, it will be interesting to see if there are any buyers. Not me, not yet."

Last year I moved all my money (RRSP) out of US-anything. Being in Canada means it won't make me immune, but it will soften my losses. Sun Life Insurance, as an example, took two hits this week. A $330 million one from Lehman exposure and the other was from $315 million exposure to AIG. There went more policy/pension/shareholder money. Good thing I wasn't in that.

Ed-M

Blunt Force, 0.01% rate would indicate the Gov't debt is NOT bad, but literally the opposite: as good as (actual) gold! Which, to us in the know, is obviously NOT the case. In the (rhetorical) question that I asked, what I meant by "if and when Gov't debt goes bad" was: when it becomes obvious enough for all, especially the Wall Street rating agencies, to perceive that the debt has gone bad.

Blunt Force Trauma

"Decider Boy" speaketh, DOW falleth from 11,410 to 11,355 currently.

Blunt Force Trauma

Ed-M added:

"...what I meant by "if and when Gov't debt goes bad" was: when it becomes obvious enough for all, especially the Wall Street rating agencies, to perceive that the debt has gone bad."

Tough one to answer. As you know. I guess it depends on when the delusion and the collusion ends. How and when is only to be seen when they can't make ends meet on their Hamptons residences and weekend trips to the Caymans to hide their ill-gotten "gains".

Hal P.

"when the bag implodes, the geese will be killed! And the death of the taxpayers will cause another bag to implode --- the soundness of US debt and the value of the US$. If these gnomes are foolish enough to be holdin' US debt or US$'s when this happens, they get killed, too!" Great point, Ed M!

And one that deeply troubles me for this country. One reason that I think the average joe had better get their hands on some "real" gold. After the smoke clears from today's escapade I've got a feeling that gold and silver will be taking off again.

This whole taking over of the "Toxic Debts" is silly and no good for us average Americans in the long run because it's just going to make us "sick" with all manner of illnesses.

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