Financial topics

[Higgenbotham]

This is an interview with Ugo Bardi of Florence, Italy, who I would assume is a descendant of the Bardi family of Florence whose banking empire collapsed during the 14th Century as Europe fell into a mini dark age. In this interview he compares our current situation to the Roman Empire and explains why the upcoming collapse will be fast and not symmetrical.

Slogging through this interview is probably only for the hard core doomers. I thought it worth referencing because I've discussed the parallels to the collapse of the Bardi many times and figure there's probably nobody who knows more about these subjects than a Bardi himself.

http://www.doomsteaddiner.net/blog/2013 ... what-peak/
http://www.doomsteaddiner.net/blog/2013 ... -bouncing/

Vince, in the second part of the interview he says that when fiat currencies fail gold may become money again but likely only the rich will have access to gold money.

[aedens]

Nice Empirical banking view and Tainter to forced energy margins. Not many comment as correctly as he does on the currency flows.

http://finance.yahoo.com/q?s=ncq

http://www.treasury.gov/initiatives/Doc ... oehner.pdf These people are insane and the taxpayer are fools.
Not one word can be believed from them. http://research.stlouisfed.org/fred2/gr ... [id]=FYFSD
Estimates are 6 trillion plus to kill goat farmers and zealots and all we did was give to the chicoms anyway and a map http://afghanistan.cr.usgs.gov/nonfuel-report.
The hubris of these fools has never been seen before ever. The Russ are laughing and as we noted gazprom the largest business on the planet. http://www.ngoilgas.com/news/gazprom-us-gas-market/

Andropov's plan worked as they melted into the shadows for, then stirred the pot for ten years and the American idiots matched only by hubris to be counted as fools on a
Asian front. The stupidly has never been pushed to this level. Taxpayers are not even partially aware until to late. They call us law breakers to bake bread, to buy gas to get
some people to work who are willing. These people are beyond stupid in government. Blind arrogated fools bent on self destruction and ours. I hope to be proven wrong.
The Senate are relegated idiots for countless decades.
As for the liberals please get back to me on education. http://johntaylorgatto.com/chapters/index.htm
For you parents get your children tested by the private protestants and catholic educational services every few years to fix them.

Mentioned GDXJ as sold http://vaneck.com/funds/GDXJ.aspx to buy some SH http://www.forbes.com/sites/etfchannel/ ... r=yahootix protection.

[Higgenbotham]

I’d like to comment on topics that I think should regularly be on the front pages but are not — and in many crucial cases are scarcely mentioned at all or are presented in ways that seem to me deceptive because they’re framed almost reflexively in terms of doctrines of the powerful.

In the United States, financial institutions, big banks mostly, had 40% of corporate profit in 2007.

There’s a recent issue of the main business weekly, Bloomberg Business Week, which reported a study of the IMF that found that the largest banks make no profit. What they earn, according to the IMF analysis, traces to the government insurance policy, the so-called too-big-to-fail policy. There is a widely publicized bailout, but that’s the least of it. There’s a whole series of other devices by which the government insurance policy aids the big banks: cheap credit and many other things. And according to the IMF at least, that’s the totality of their profit. The editors of the journal say this is crucial to understanding why the big banks present such a threat to the global economy – and to the people of the country, of course.

http://www.salon.com/2013/08/17/chomsky ... democracy/

[vincecate]

With interest rates going up again today, I decided to buy more S&P puts. Usually I think I have no real clue when the market will crash and so buy them a year out. Today I just got more like the ones I had previously bought for December. They were a lot cheaper than when I bought like 6 months ago. With interest rates going up this fast, I don't think there is even 2 months till a crash. But time will tell.

[aedens]

http://blogs.barrons.com/emergingmarket ... hoobarrons

Egypt is going to land very hard as we have been watching. I was surprised on the speed of the Thermidorian Reaction also.
I know many will convey a clock is correct twice a day but I think we know better here on a few things by now.
Amos talks of Egypt's river, the Nile, (8:8; 9:5) Chicoms want to fund another Dam. Others are going to build Dams also it appears.
Egypt will wither as warned, as Damascus cannot be inhabited after the event. Hope to be wrong.....

http://www.youtube.com/watch?v=-evIyrrjTTY

http://www.youtube.com/watch?v=4hJTisovvjc no solution to stupidity any place or time. Nothing new under the sun.

http://www.zerohedge.com/node/477761 parasite central

[vincecate]

Title of the article below is "Bond bubble finally bursting? Rates creep up". Made me laugh because it shows rates about doubling in the last 4 months but says "rates creep up". Guess we will see some real speed once the panic really gets going. Not a great article, just the title amused me.

http://money.cnn.com/2013/08/19/investi ... index.html

[aedens]

http://www.zerohedge.com/news/2013-08-2 ... ds-surging

Night the murdered hard drives omen and gresham's law in action for the Indians. The parasites are sucking the planet white.

http://www.youtube.com/watch?v=sfWz20nDAyI carbon copy of "relations" Dilute the base so effective political change is impossible.

update http://www.zerohedge.com/news/2013-08-2 ... rangebound

Greece to get bailed out or a tank driven over its face.

[aedens]

Rinotopia, no thanks. https://duckduckgo.com/?q=paul+jindal+cruz+

https://en.wikipedia.org/wiki/United_St ... ies_of_war we get it, and we vote defense and nothing else.
BTW we are smarter than DC parasites. Enjoy your cargo death cult.

Isaiah 59:15

Vanguard Natural Resources (NASDAQ: VNR ) has increased its monthly cash distribution. The oil and natural gas company will pay $0.2075 per share to its investors, up 1.2% from the company's previous amount last month. The latest amount will be payable on Sept. 13 to unit holders of record as of Sept. 3.

On pullback will add some more vnr
https://www.youtube.com/watch?v=HWuIu9N3vB4

[aedens]

http://www.zerohedge.com/news/2013-08-2 ... late-bonds

mf global bend over, naked ok, we can do that...

The SEC has charged Phil Falcone of Harbinger Capital with a cornucopia of violations that SEC enforcement head Robert Khuzami said:

“read like the final exam in a graduate school course in how to operate a hedge fund unlawfully…“

Falcone is charged with:
1) borrowing money from the fund to pay his personal taxes (he had his lawyers sign off on this), while at the same time restricting client withdrawals
2) creating a deliberate, manipulative short squeeze in a bond issue to punish the shorts (he bought MORE than 100% of the outstanding interest in a certain bond, then demanded that the prime broker return the bonds it had been borrowing for its short: see Dealbreaker for more)
3) violating short sale rules with respect to offerings (you aren’t allowed to short a stock that has a secondary offering coming and then cover the short position in the offering)
4) granting special redemption privileges to certain investors
Falcone’s response to the charges?
“Piece of cake,” adding, “It’s not like I’m having a heart transplant.” June 28th, 2012

IMO he should never see daylight again
http://www.barnhardt.biz/
http://www.news.com.au/business/compani ... 6700509896 death cult
http://www.news.com.au/business/worklif ... 6700406282 relog serfs

[aedens]

http://www.washingtonpost.com/blogs/the ... n-an-hour/

If that is possible then is it possible to analyze the returned data and make predictions about what is about to happen. (Asimov - Foundation series)

Really how about over three decades removed from reality....

http://www.philadelphiafed.org/research ... ons-index/ - lead

http://www.streettalklive.com/daily-x-c ... arket.html - lag

State treasury seized housing in tax sales are in the citys view hope to raise over $800,000, many bundled - reality

And, just to make sure Goldman kept its 1.000 trading perfection record in the quarter, the WSJ adds:
NYSE officials, in a notice to traders, said they "anticipate that most of the impacted trades will be busted."
To paraphrase for anyone confused:
Q. Dear Goldman, did you by some accident lose money trading today?
A. Yes.
Q. Would you like all that DK'ed?
A. Yes.
Q. All set. Have a great day.
Oh... and Knight Securities, our condolences. t