tag:blogger.com,1999:blog-4921988708619968880.post3561993932531391156..comments2024-02-28T22:03:57.237-05:00Comments on The Automatic Earth: February 10 2009: The devil snapping at their heelsIlargihttp://www.blogger.com/profile/09698428009501267664noreply@blogger.comBlogger58125tag:blogger.com,1999:blog-4921988708619968880.post-62448871199193778882009-02-13T01:47:00.000-05:002009-02-13T01:47:00.000-05:00Honestly, I hadn't seen today's (Feb 12) Roubini c...Honestly, I hadn't seen today's (Feb 12) Roubini clip when I posted the above comment.weathermanhttps://www.blogger.com/profile/11085626422109870715noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-85313572156063234682009-02-12T16:43:00.000-05:002009-02-12T16:43:00.000-05:00Stoneleigh,I have come to believe that the only re...Stoneleigh,<BR/><BR/>I have come to believe that the only rescue possible for insolvent banks is by the following process<BR/>1) nationalisation, then <BR/>2) shedding all assets and liabilities of questionable valuation (preferably to a sister entity off-balance sheet, or 'bad bank'), then<BR/>3) restructuring the balance sheet of the subsequent 'good bank' by dilution of existing equity, weathermanhttps://www.blogger.com/profile/11085626422109870715noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-30488356047122994622009-02-11T17:03:00.000-05:002009-02-11T17:03:00.000-05:00@Casper"Those camps would make sense if a collapse...@Casper<BR/><BR/>"Those camps would make sense if a collapsed mexican state is truly expected by TPTB."<BR/><BR/>Why? TPTB are playing Mexican immigration both ways. They having been achieving enhanced profits by Mexican immigration suppressing wages and can use it as a wedge issue for our not-so-bright j6P's. A twofur.<BR/><BR/>Those camps were never planned for illegal immigrants. There is el gallinazohttps://www.blogger.com/profile/00642036843036726232noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-17740795093048159582009-02-11T16:38:00.000-05:002009-02-11T16:38:00.000-05:00Hi Stoneleigh,To continue with the chess/checkers ...Hi Stoneleigh,<BR/><BR/>To continue with the chess/checkers analogy, someone has to make a gameboard in the first place. <BR/><BR/>I just see all things of abstract wealth as utterly doomed to manipulation. <BR/><BR/>Kind of like *democracy* and *elections.* It's sick that people's idea of democracy is reduced to standing in a voting booth once every few years. It should be a daily or at ***https://www.blogger.com/profile/09888364709448745997noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-44710662604106193412009-02-11T16:26:00.000-05:002009-02-11T16:26:00.000-05:00Quest regarding the ICE detention camps and mexico...Quest regarding the ICE detention camps and mexico....<BR/><BR/>While the camps seem very ominous i am beginning to wonder. The reports of instability in mexico seem to be growing. Did US intelligence find something it didnt like and planned ahead for a collapse of the mexican government????<BR/><BR/>Those camps would make sense if a collapsed mexican state is truly expected by TPTB.<BR/><BR/>IAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-80998032577740029332009-02-11T16:04:00.000-05:002009-02-11T16:04:00.000-05:00Consider the K-cycle:http://globaleconomicanalysis...Consider the K-cycle:<BR/>http://globaleconomicanalysis.blogspot.com/2009/02/wealth-does-not-pass-three-generations.html<BR/>Wealth Does Not Pass Three Generations<BR/><BR/>http://www.thelongwaveanalyst. ca/pdf/07_12_04_News.pdf<BR/>THIS IS IT!<BR/>http://www.globalresearch.ca/index.php?context=viewArticle&code=AIV20081126&articleId=11161<BR/><BR/>Nikolai Kondratiev's "Long Wave&Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-911207057474843362009-02-11T16:02:00.000-05:002009-02-11T16:02:00.000-05:00Rumor, thanks for the Martin Wolfe article. Wow, h...Rumor, thanks for the Martin Wolfe article. Wow, he didn't mince words! I'm so glad as I am a huge fan and was getting worried that he may have sold out. He is such a gentlemen that I think he was waiting to see what Obama would do. He saw and now he speaks.scandiahttps://www.blogger.com/profile/07924260428840006237noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-66187446596730691672009-02-11T15:55:00.001-05:002009-02-11T15:55:00.001-05:00Adios a babilonia,I don't doubt it. What I'm sugge...Adios a babilonia,<BR/><BR/>I don't doubt it. What I'm suggesting is that there's a difference between that kind of cunning/scheming and a chess playing kind of mind. I think people like that are more like poker players.<BR/><BR/>I think the point about people like that surrounding themselves with incompetents (and sycophants) is important. I'd say that was a very widespread phenomenon, as it Stoneleighhttps://www.blogger.com/profile/15099878430757036461noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-78107982917744795722009-02-11T15:55:00.000-05:002009-02-11T15:55:00.000-05:00Concerning Madoff's wife withdrew 5M in Nov, a top...Concerning Madoff's wife withdrew 5M in Nov, a top up of 10M the day before Madoff's arrest.<BR/><BR/>The article that I read, said these were wire transfers. Where is that money wired to? Another bank? Another fund? Another account in another country? And wouldn't that large amount be tracked by the authorities?bluebirdhttps://www.blogger.com/profile/09600634086150466162noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-29767110969946361252009-02-11T15:49:00.000-05:002009-02-11T15:49:00.000-05:00Re ChessMy husband and I enjoyed playing chess dur...Re Chess<BR/><BR/>My husband and I enjoyed playing chess during our college days (38 yrs. ago!) and have always had several chess sets around the house. Our sons loved chess from the age of 5 to around 16. They don't play much nowadays (ages 19 and 26), but they do have quite an analytical mind. My 19 year old frequently reads TAE. He's a college student, but plans to be an organic farmer and Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-19276202585218815842009-02-11T15:44:00.000-05:002009-02-11T15:44:00.000-05:00Just read on BBC that Madoff's wife withdrew 5M in...Just read on BBC that Madoff's wife withdrew 5M in Nov, a top up of 10M the day before Madoff's arrest. Wonder where she' hanging out to-day? Palm Beach? The Penthouse?<BR/>I'm wondering whether my public stocks should be co-ed or segregated by sex?scandiahttps://www.blogger.com/profile/07924260428840006237noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-41169845477550550982009-02-11T15:31:00.000-05:002009-02-11T15:31:00.000-05:00Stoneleigh - I think that learning the ability to ...Stoneleigh - I think that learning the ability to think several moves ahead, regardless of her ultimate choice of vocation, is probably the best thing she could do to maximize her chances in our uncertain future.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-2730229713981612912009-02-11T15:27:00.002-05:002009-02-11T15:27:00.002-05:00Martin Wolf does not like Obama's new TARP plan. H...<A HREF="http://www.ft.com/cms/s/0/9ebea1b8-f794-11dd-81f7-000077b07658.html?nclick_check=1" REL="nofollow">Martin Wolf does not like Obama's new TARP plan.</A> He does not like it at all. I do believe he's starting to get a clue.Unknownhttps://www.blogger.com/profile/15614205920972531674noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-29420448293084769542009-02-11T15:27:00.001-05:002009-02-11T15:27:00.001-05:00@ Stoneleigh, El Gallinazo,Re whether TPTB are as ...@ Stoneleigh, El Gallinazo,<BR/><BR/>Re whether TPTB are as stupid as they look:<BR/><BR/>We found out the hard way how devastatingly (and cleverly) criminal TPTB can be in my hometown in Montana (Park County - look out, anyone). <BR/><BR/>What the county attorney/sheriff collusion (in Montana a county atty has power like a king) brought about was a lot of criminal methods of appropriating ***https://www.blogger.com/profile/09888364709448745997noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-21695877319116983222009-02-11T15:27:00.000-05:002009-02-11T15:27:00.000-05:00Anonymous said...February 11, 2009 10:41 AMMadoff ...<I>Anonymous said...February 11, 2009 10:41 AM<BR/><BR/>Madoff has the goods on all the scumbags in DC.<BR/><BR/>No one dare call for his punishment.</I><BR/><BR/>I'm calling for his punishment. <BR/>Put the crook in prison where he belongs.ogardenerhttps://www.blogger.com/profile/16062788838505530416noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-52056800858949872652009-02-11T15:20:00.000-05:002009-02-11T15:20:00.000-05:00Dr J,My youngest (13) is a chess addict, just like...Dr J,<BR/><BR/>My youngest (13) is a chess addict, just like her father. When I got married, some 20 years ago, there was quite a contingent of current and former chess champions in attendance. We had whole shelves of chess books, including one three inches thick just on openings. I don't play myself, but I find the mindset interesting.<BR/><BR/>I don't know what my youngest will end up doing, Stoneleighhttps://www.blogger.com/profile/15099878430757036461noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-81229728456247527512009-02-11T14:55:00.000-05:002009-02-11T14:55:00.000-05:00Stoneleigh - Chess is a wonderful game for formati...Stoneleigh - Chess is a wonderful game for formative young minds. My son talked his way into the chess club at his school at the age of five (the rules said he had to be seven or older). He is eight now and downloaded a chess game onto my Blackberry so we can play during lunch breaks while skiing at Whistler. We don't know what his future holds but I am certain it will be different from the worldAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-8834739094373910692009-02-11T14:42:00.000-05:002009-02-11T14:42:00.000-05:00YD,At some point there is likely to be a bond mark...YD,<BR/><BR/>At some point there is likely to be a bond market dislocation. As there will be many trying to borrow and few willing to lend, it would involve nominal interest rates on bonds shooting up rapidly, probably in many places. As the interest on other forms of debt is anchored by reference to government bonds, the interest rate on other debt would also skyrocket.<BR/><BR/>As bad as that Stoneleighhttps://www.blogger.com/profile/15099878430757036461noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-36909319252573082262009-02-11T14:27:00.000-05:002009-02-11T14:27:00.000-05:00what happens in a bond market collapse? I know no...what happens in a bond market collapse? I know nothing about bond markets, I hear the words but they don't seem to stick, and since I don't intend to buy any I am not too concerned. But it seems that if the US Bond market were to collapse that should have widespread and deep ramifications. I was hoping someone might be able to elucidate the potentials. Thx.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-43279914393409315492009-02-11T13:41:00.000-05:002009-02-11T13:41:00.000-05:00El Gallinazo,A lot of people on this blog think th...El Gallinazo,<BR/><BR/><I>A lot of people on this blog think that TPTB are brilliant, long term chess players - satanic but brilliant. Most of the time, I am of that pursuasion. I was watching the CEO of GE on C-Span this week in a prolonged Q&A session. He really is quite stupid. It makes you wonder.</I><BR/><BR/>Personally I think there are very few brilliant long term chess players in the Stoneleighhttps://www.blogger.com/profile/15099878430757036461noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-38439083694444434942009-02-11T13:25:00.000-05:002009-02-11T13:25:00.000-05:00Our readers with an interest in market timing may ...Our readers with an interest in market timing may like to check out free week at the <A HREF="http://www.elliottwave.com/" REL="nofollow">Elliottwave site</A>. Free weeks usually coincide with when they think something eye-opening is going to happen. You would need to register (for free) at their Club EWI.Stoneleighhttps://www.blogger.com/profile/15099878430757036461noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-37071946816217439732009-02-11T12:49:00.000-05:002009-02-11T12:49:00.000-05:00Karl D is in quite the mood today.He gently remind...Karl D is in quite the mood today.<BR/><BR/>He gently reminds us that during the Panic of 1873, angry mobs actually dragged bankers from their offices and jail cells and hung them. Hmm<BR/><BR/>He makes the case that finance folks responsible for the current meltdown are on a par with murders.<BR/><BR/>The post above on how food production will tank do to bankruptcies plays into that notion very Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-36673481075567551712009-02-11T12:32:00.000-05:002009-02-11T12:32:00.000-05:00"Catastrophic Fall in 2009 Global Food Produc..."Catastrophic Fall in 2009 Global Food Production"<BR/><BR/>http://www.globalresearch.ca/index.php?context=va&aid=12252Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-37306082840161683812009-02-11T12:10:00.000-05:002009-02-11T12:10:00.000-05:00Westexas, I read Rand as a 15 year old. No doubt m...Westexas, I read Rand as a 15 year old. No doubt my comprehension at 65 would be different. I recall as a 15 year old being thrilled by what I was reading, engaging in debate with my teacher after school on the subject. I don't clearly recall but I think I was thrilled by the character of a strong independent woman, a model not seen in my Northern small town way back then. It gave me a hope that scandiahttps://www.blogger.com/profile/07924260428840006237noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-1651212514260250212009-02-11T11:24:00.000-05:002009-02-11T11:24:00.000-05:00@westexas:"I'm guessing that the AE folks are not ...@westexas:<BR/><BR/>"I'm guessing that the AE folks are not big Ayn Rand fans,"<BR/><BR/>I'm not, but God help us if we ever have undebatable group-think. Then I'm out of here.<BR/><BR/>Personally, I find the Libertarian philosophy completely silly. Fundamentally logically flawed. A sugar coated poisoned pop-rock. Tastes good at first, but as you get in to it, it explodes and kills you every Anonymousnoreply@blogger.com