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April 292010 Posts
April 292010 Posts
pushers!
Greece is just the ‘tip of the iceberg’, Nouriel Roubini warns Daily
Telegraph | The buildup of debt is likely to lead to countries defaulting or
resorting to inflation to ease the burden on their populations. No Wonder
the Eurozone is Imploding You might assume that the reason for the
implosion in the Eurozone is a mystery. But it’s not. ‘… In other words, by
assuming huge portions of the risk from banks trading in toxic derivatives,
and by spending trillions that they don’t have, central banks have put their
countries at risk from default …Indeed, the Economist magazine wrote in
2005 that the worldwide boom in residential real estate prices in this
decade was “the biggest bubble in history”. The Economist noted that – at
that time – the total value of residential property in developed countries
rose by more than $30 trillion, to $70 trillion, over the past five years – an
increase equal to the combined GDPs of those nations. Housing bubbles
are now bursting in China, France, Spain, Ireland, the U.S., United
Kingdom, Eastern Europe, and many other regions. And the bubble in
commercial real estate is also bursting world-wide … Moreover, the real
estate bubble formed the base upon which a series of bubbles in
derivatives were built. Specifically, mortgages were packaged in
“collateralized debt obligations” (CDOs), which were sold in enormous
volumes all over the world. Credit default swaps were then bet against the
companies which bought and sold the CDOs. Now, with housing prices
crashing, the CDO bubble is crashing, as is the CDS bubble. A series of
other derivatives bubbles are also crashing. For example, the
“collateralized fund obligations” – sort of like CDOs, but where the assets
of a hedge fund are the asset being bet on – are getting creamed as hedge
funds are forced to sell off many hundreds of billions in assets to cover
margin calls. As everyone knows, the size of the global derivatives bubble
was almost 10 times the size of the world economy. And many areas of
derivatives are still hidden and murky … ‘
20 Things You Will Need To Survive When The Economy Collapses And
The Next Great Depression Begins Today, millions of Americans
correctly believe that the United States is on the verge of a major
economic collapse and will soon be entering another Great
Depression. But only a small percentage of those same people are
prepared for that to happen.
Goldman Scrutinized by Prosecutors Reviewing SEC Case
BusinessWeek - Justin Blum, David Glovin April 29 (Bloomberg) --
Federal prosecutors in New York have been examining transactions
by Goldman Sachs Group Inc., accused of fraud by US securities
regulators, to determine whether to pursue a criminal case, ... Criminal
Probe Looks Into Goldman Trading Wall Street Journal Goldman may
face Justice Department review Washington Post US starts criminal
probe into Goldman: source Reuters Goldman Whac-A-Mole
Catherine Austin Fitts | Goldman is the visible target in a game of
economic warfare.
(4-29-10) Dow 11,167 +122 Nasdaq 2511 +40 S&P 500 1,207 +15 [CLOSE-
OIL $85.17 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS
$2.85 (reg. gas in LAND OF FRUITS AND NUTS $3.08 REG./ $3.26 MID-
GRADE/ $3.35 PREM./ $3.08 DIESEL)/ GOLD $1,169 [video] Gold Surges
Stocks/Gold Comparison (+24% for year 2009) / SILVER $18.54 (+47% for
year 2009) PLATINUM $1,735 (+56% for year 2009) / DOLLAR= .75 EURO, 94
YEN, .65 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR
NOTE YIELD 3.73% …..… AP Business Highlights ...Yahoo Market
Update... ] T. Rowe Price Weekly Recap – Stocks / Bonds / Currencies -
Domestic / International MARKET MANIPULATION AND HOW THE
LATEST BUBBLE-FRAUD PRE-COMING CRASH IS BEING ACCOMPLISHED
3-11-10 6 Theories On Why the Stock Market Has Rallied 3-9-10
[archived website file] Risks Lurk for ETF Investors The bull market
that never was/were beyond wall street b.s. when measured in gold
Property Values Projected to Fall 12% in 2010 Jan 31, 2010 The Week
Ahead: Risk Is Off the Cliff; Unwind Has Begun Jan 31, 2010 01-13-10
Forecast for 2010 from Seeking Alpha Contributor THE COMING
MARKET CRASH / CORRECTION 1-28-10 Maierhofer (01-15-10) 11
Clear Signs Economy Sinking Economic Black Hole 1-22-10: 20 Reasons
Why The U.S. Economy Is Dying And Is Simply Not Going To Recover
Current Economic / Fiscal Charts Trendsresearch.com forecast for
2009 1-7-10 Crash is coming! ‘WORST ECONOMIC COLLAPSE
EVER’ Must Read Economic / Financial Data This
Depression is just beginning The coming depression…
thecomingdepression.net MUST READ: JEREMY GRANTHAM’S
QUARTERLY UPDATE 25 January 2010 (850 on the S&P) by TPC The
Next Wave of Collapse is Coming Sooner than you think Sliding Back
Into the Great Recession ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL /
TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!
U.S. Army Trains to Take On Tea Party Kurt Nimmo | Army exercise teams
up Tea Party with anti-government militias. Oklahoma Passes Bill
Outlawing Militia Recruitment Kurt Nimmo | Oklahoma law would send
people to prison who do not ask the state for permission to form a militia.
Trichet Calls For Corrupt BIS To Boss Global Government In CFR Speech
In a speech before the elitist Council On Foreign Relations organization in
New York earlier this week, President of the European Central Bank Jean-
Claude Trichet called for the imposition of global governance to be bossed
by the G20 and the corrupt Bank of International Settlements in the name of
safeguarding the global economy. What’s More Important: Liberty Or The
Entity That Protects It? Chuck Baldwin | Patriotism has nothing to do with
supporting a President, or being loyal to a political party, or anything of the
sort. Frauds And Scandals Follow The Collapse Of The Financial System
Bob Chapman | The collapse of the fiat money system is underway and
each day picks up momentum.
Al Gore Buys Another Mansion Clearly worried about CO2 emissions
causing rising sea levels, Al Gore has bought an ocean view mansion
with 9 bathrooms. gore’s such a typical american fraud. How
embarrassing for those who awarded him that prize and bought into
his b*** s***.
Dirty money digitally laundered … a wall street, atlantic city, and american
story … a very bad one and [also see RICO case ] Fraud: It’s
Much Bigger Than Goldman Sachs Regulatory reform debate
obscures key fact: Everybody’s getting money bribes from Wall Street
Blagojevich calls feds 'cowards and liars'…[Yes. This is a rare moment for
one to say that a sleazy hypocrite like blago, who is on corrupt
federale-connected mobster trump’s celebrity apprentice, happens to
be correct based upon facts / reality and my own direct observation
and experience and the law – Don’t forget to include corrupt federal
judges as maryanne trump barry, sam alito, shiff, matz, hall, underhill,
dorsey, etc.. Defacto bankrupt america’s so-called system is
pervasively corrupt and broken] (AP) [Abolish the corrupt, costly,
economically wasteful lifetime extravagantly appointed federal courts
- see RICO case ]
Drudgereport: Slick Ashore Tonight Worse Than Exxon Valdez … How Did
This Happen ?
Roubini Says Greece 'Tip of Iceberg' as Sovereign Debt Threatens
Recovery...
Geithner: 'I Never Had A Real Job'… sounds like a plan!...
Tent City In New York Set Up In Hopes For Elevator Job... camped
out for 3 days for chance at getting an application
GOLDMAN BOSS VISITED WHITE HOUSE AT LEAST 4 TIMES...
GOLDMAN SACHS CEO endorses Dem Banking Bill: 'Wall Street will
benefit'...
GREECE CUT TO JUNK... Doubts intensify... Spreads to Portugal...
Stephen Hawking: Aliens exist but don't talk to them -- it's too
dangerous … might not like us… Oh pshaw! … Human nature, man’s
inhumanity to man? … Such humble beginnings and evolutionary
history … What’s not to like? … Besides, not to worry. With their
advanced technologies that defy human understanding, the aliens
already know you’re here … to stay. So, not to worry. After all, as we
know from that documentary of that same name, ‘Earth Girls Are Easy’
… and then there’s photosynthesis on earth in a very big way also
going for it! ...