tag:blogger.com,1999:blog-4921988708619968880.post3402736591302956396..comments2024-02-28T22:03:57.237-05:00Comments on The Automatic Earth: April 3 2009: Silenced BagholdersIlargihttp://www.blogger.com/profile/09698428009501267664noreply@blogger.comBlogger81125tag:blogger.com,1999:blog-4921988708619968880.post-69839440663447053662009-04-04T20:25:00.000-04:002009-04-04T20:25:00.000-04:00@ StonleighWell said.@ Stonleigh<BR/><BR/>Well said.Ventriloquisthttps://www.blogger.com/profile/17710882943614273994noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-49448310164269038132009-04-04T18:03:00.000-04:002009-04-04T18:03:00.000-04:00Anon @4:32,It is of no consequence to me whether y...Anon @4:32,<BR/><BR/>It is of no consequence to me whether you believe me or not, or what your opinion of me may be. You are quite free to ignore everything we say and do what you feel is right, however you may come by your conclusions. We share our knowledge freely, but do not impose our ideas on anyone.<BR/><BR/>Studying many things allows one to formulate a big picture of the world, and to Stoneleighhttps://www.blogger.com/profile/15099878430757036461noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-66087479548224264762009-04-04T18:01:00.000-04:002009-04-04T18:01:00.000-04:00Today's Daily T'graph reports that the man...Today's Daily T'graph reports that the managers of the Bank of England's pension fund foresaw the crash & it rose in value by 12% in 2008. <BR/><BR/>The fund has now gone massively for index linked gilts. (Why?) <BR/><BR/>Apparently there's no insider trading as all the important decisions are taken by the MPC. <BR/><BR/>DOAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-57683767339287078762009-04-04T17:08:00.001-04:002009-04-04T17:08:00.001-04:00"Anonymous 4.32 said...As it happens, constitution...<I>"Anonymous 4.32 said...<BR/>As it happens, constitutional law was one of my favourite courses at law school<BR/><BR/>But this, like your many other degrees in disparate fields with little or no accomplishment to back them, carries only the weight of a professional academic. Have you done anything of weight in the real world? No? I thought not."</I><BR/><BR/>Ha ha, what sort of shit pile did Ilargihttps://www.blogger.com/profile/09698428009501267664noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-19263817545433064492009-04-04T17:08:00.000-04:002009-04-04T17:08:00.000-04:00Anon 4:32If you think you're such a damn hot shot ...Anon 4:32<BR/><BR/>If you think you're such a damn hot shot patriot than start your blog and speak all your dissent there.<BR/><BR/>It seems you are new to this blog and don't know much about stoneleigh otherwise you wouldn't be spewing such nonsense. She's done a lot to prepare for the shit hitting the fan and frankly knowing when the market moves up or down is what makes or breaks men. People VKnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-21246142510996841302009-04-04T16:33:00.000-04:002009-04-04T16:33:00.000-04:00@Anon 4:19 I understand what you're saying about D...@Anon 4:19 <BR/><BR/>I understand what you're saying about Daily Kos and can't disagree. <BR/><BR/>There's another diary up saying Black is wrong about receivership being a legal requirement.<BR/><BR/>http://www.dailykos.com/story/2009/4/4/101447/8340<BR/><BR/>This might be right. If so, I'm afraid Moyers has put up a straw man argument that will weaken the more important issue of whether the Vincanoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-24694772277068585202009-04-04T16:32:00.000-04:002009-04-04T16:32:00.000-04:00As it happens, constitutional law was one of my fa...<I>As it happens, constitutional law was one of my favourite courses at law school</I><BR/><BR/>But this, like your many other degrees in disparate fields with little or no accomplishment to back them, carries only the weight of a professional academic. Have you done anything of weight in the real world? No? I thought not.<BR/><BR/>The little girl in class with her hand up with the "right" answerAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-77552278079020467892009-04-04T16:26:00.000-04:002009-04-04T16:26:00.000-04:00Stoneleigh said..."...if oil goes up by a factor o...Stoneleigh said...<BR/><BR/>"...if oil goes up by a factor of 10x or 20x from its nadir as people lose access to credit entirely and see their earning potential reduce to next to nothing, oil will no longer be a consumer commodity. Only the military and the elites will be using oil."<BR/><BR/>Please translate this into daily reality for citizens of North America! How serious are you about this?Hombrehttps://www.blogger.com/profile/12930734368916487826noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-48739863398134736952009-04-04T16:19:00.000-04:002009-04-04T16:19:00.000-04:00I cannot stomach some of "the faithful" over at Da...I cannot stomach some of "the faithful" over at Daily Kos anymore, so I rarely visit. Unbending allegiance to party affliation is a stiff pipe leading straight down to the sewer.<BR/><BR/>Once upon a time I believed that if "the people lead, the politicians will follow." Not anymore. Too much misdirection, media smufato and economic techno-babble for the ordinary citizen on the street to digest-Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-20113660964564151632009-04-04T15:33:00.000-04:002009-04-04T15:33:00.000-04:00Moyer's interview with Black is a big story at Dai...Moyer's interview with Black is a big story at Daily Kos:<BR/><BR/>http://www.dailykos.com/storyonly/2009/4/4/716394/-Moyers-drops-bailout-bomb-on-ObamaVincanoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-9454266141447033382009-04-04T15:22:00.000-04:002009-04-04T15:22:00.000-04:00Someone asked me recently if I thought oil had fin...Someone asked me recently if I thought oil had finished its downward move. I think not on balance of probabilities, but we could well see oil prices rally with the markets for up to a few months. After that, when the decline in the market resumes with a vengeance, we should see the effects of massive demand destruction on the price of oil. Prices could fall substantially from where they are now Stoneleighhttps://www.blogger.com/profile/15099878430757036461noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-43919380346521095932009-04-04T15:13:00.000-04:002009-04-04T15:13:00.000-04:00El Gal, One more thing... Buy the freshman ongress...El Gal, <BR/><BR/>One more thing... <BR/><BR/>Buy the freshman ongressman. <BR/><BR/>He's cheaper and gives a better return on your input.Jim Rhttps://www.blogger.com/profile/17419179432204743768noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-54607621579943466172009-04-04T14:43:00.000-04:002009-04-04T14:43:00.000-04:00Stoneleigh said…“If freedom of speech were to be r...Stoneleigh said…<BR/><BR/>“If freedom of speech were to be repealed, we would be among the first who would be silenced. It makes no sense for us to oppose it. The European model is interesting in this regard, where rights are specified and any restrictions on those rights must meet a proportionality test and be no more restrictive than necessary.”<BR/><BR/><B>No need to wait much longer.</B><BR/>Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-66003678530375926392009-04-04T14:35:00.000-04:002009-04-04T14:35:00.000-04:00Oh, and the Mises guys are goldbugs. After followi...Oh, and the Mises guys are goldbugs. <BR/><BR/>After following their musings for a few years, I have concluded that they do not understand the dynamics of money. When the price of gold goes up, it's "I told you so" and when it goes down, it's all an evil plot by the cult of the triangle-eye guy on the back of the dollar.Jim Rhttps://www.blogger.com/profile/17419179432204743768noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-50922352438769915262009-04-04T14:29:00.000-04:002009-04-04T14:29:00.000-04:00El Gal, Precious Metals. Gold, Silver, Platinum, P...El Gal, <BR/>Precious Metals. Gold, Silver, Platinum, Palladium. <BR/><BR/>There's also PGMs - Platinum Group Metals. Iridium, Platinum, Rhodium, Ruthenium, Osmium, I'm not sure exactly where the boundaries of that class are. They don't make osmium bullion because it is chemically nasty. It would be like white phosphorus money or something. Or metallic potassium.Jim Rhttps://www.blogger.com/profile/17419179432204743768noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-5574969497599195012009-04-04T14:18:00.000-04:002009-04-04T14:18:00.000-04:00AWhat's a PM? I guess it should be obvious, but n...A<BR/><BR/>What's a PM? I guess it should be obvious, but nothing pops up.<BR/><BR/>At first I thought it was a Prime Minister. But I live in the USA, and besides, I can only afford a freshman ongressman.el gallinazohttps://www.blogger.com/profile/00642036843036726232noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-86581454602607084132009-04-04T14:11:00.000-04:002009-04-04T14:11:00.000-04:00This comment has been removed by the author.el gallinazohttps://www.blogger.com/profile/00642036843036726232noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-57457675038970484732009-04-04T14:02:00.000-04:002009-04-04T14:02:00.000-04:00I had the opportunity to hear Thomas E. Woods, Jr....I had the opportunity to hear Thomas E. Woods, Jr., senior fellow at the Ludwig von Mises Inst. speak last evening. He gave an excellent summary of how we got into this mess, Austrian theories of economics and why no one pays attention to them, and historical perspectives comparing previous economic panics. He has recently written <I>Meltdown</I>, just released and at #23 on the NYT nonfiction Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-786927152573281042009-04-04T13:09:00.000-04:002009-04-04T13:09:00.000-04:00In the same way the IMF put it's financial Jack Bo...In the same way the IMF put it's financial Jack Boot on the throat of third world and developing countries, the Sheeple in the US and UK are being prepared to accept IMF funds with all the strings attached.<BR/><BR/>Then, the Kleptocrats can say that the severe Draconian measures of financial austerity aren't being imposed by them but by the IMF.<BR/><BR/>Good Cop, Bad Cop flimflam slam dunk.<BR/Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-78198479120171247922009-04-04T11:55:00.000-04:002009-04-04T11:55:00.000-04:00I too saw the Moyers / Black show. I hope millions...I too saw the Moyers / Black show. I hope millions did (who have been in the dark 'til now). PBS is soft but not totally inane like the majors.<BR/><BR/>I have been around a long time and understand how seemingly slowly these things evolve from the inside.<BR/><BR/>If I lived near either of the coasts, or any city over 100,000 I would be making plans to move this summer. And by late ... oh... Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-59925813301362743202009-04-04T11:38:00.000-04:002009-04-04T11:38:00.000-04:00Lot's of reflection on the interview, here and at ...Lot's of reflection on the interview, here and at Bill Moyers journal.<BR/>I'm partial to the following:<BR/><BR/>"Solve the problems - then seek revenge. Not the other way around."<BR/><BR/>jaljalnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-83895781944179103372009-04-04T11:28:00.000-04:002009-04-04T11:28:00.000-04:00To continue for Persephone 01:10WILLIAM K. BLACK: ...To continue for Persephone 01:10<BR/><BR/><I>WILLIAM K. BLACK: By the law.<BR/><BR/>BILL MOYERS: This law, you're talking about.<BR/><BR/>WILLIAM K. BLACK: Yes.<BR/><BR/>BILL MOYERS: What the reason they give for not doing it?<BR/><BR/>WILLIAM K. BLACK: They ignore it. And nobody calls them on it.<BR/><BR/>BILL MOYERS: Well, where's Congress? Where's the press? Where--<BR/><BR/>WILLIAM K. BLACK: Jim Rhttps://www.blogger.com/profile/17419179432204743768noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-73873407944096116402009-04-04T11:25:00.000-04:002009-04-04T11:25:00.000-04:00El G, thanks for mentioning Moyer's interview of B...El G, thanks for mentioning Moyer's interview of Black. Kinda in a hurry now, but will check it out later. <BR/><BR/>Re safety of treasury bills and its dependency on banks <BR/><BR/>As Stoneleigh, has said everything carries a risk to some degree or another, including cash hidden in creative places. Nevertheless, I still prefer money under one's own control (no banks and no treasury bills), if Ahimsanoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-35345560135104576412009-04-04T11:24:00.000-04:002009-04-04T11:24:00.000-04:00Fromhttp://www.telegraph.co.uk/finance/financetopi...From<BR/>http://www.telegraph.co.uk/finance/financetopics/g20-summit/5097195/G20-summit-Gordon-Brown-announces-new-world-order.html<BR/><BR/>"Gordon Brown announced the creation of a "new world order" after the conclusion of the G20 summit of world leaders in London. "<BR/><BR/>Yes, he actually used the words "New World Order"<BR/><BR/>Gosh, how Orwellian of him. Being a meat puppet for the Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-12488784813418634052009-04-04T11:20:00.000-04:002009-04-04T11:20:00.000-04:00From jesse's le caffe americain! Great charts and ...From jesse's le caffe americain! Great charts and comment<BR/><BR/>They say a picture is worth a thousand words.<BR/><BR/>Here is a picture of the US credit bubble, with the deleveraging which has just begun.<BR/><BR/>It is/was a Ponzi scheme, enabled by the advantages of controlling the reserve currency of the world, pure and simple.<BR/><BR/>(Image here - but go to the link)<BR/><BR/>It was theVKnoreply@blogger.com