Financial topics

Investments, gold, currencies, surviving after a financial meltdown
gerald
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Joined: Sat May 02, 2009 10:34 pm

Re: Financial topics

Post by gerald »

gerald wrote:regarding the Snownden disclousers --- hero or traitor?

Do we believe in the rule of law? in that the law applies to all people equally? and that government officials are not "above the law? ( see aeden's above post --and -- " Insider Trading Rules That Don't Apply To Congress" http://www.forbes.com/sites/kylesmith/2 ... -congress/)

Yes, when one is at war the rules can go out the window ( we are in a war ) however when the government takes actions AGAINST "the people" that "the people" feel are inappropriate "the people" may feel rightly or wrongly that "their government" is a greater threat to them, then the "enemy". This leads to a drastic change in attitude toward "their" government and it's laws and institutions. An example from Ancient Rome

" The Roman diplomat Priscus on an embassy to the court of Attila the Hun in 448 encountered a former Greek merchant who had ‘gone native.’ When he asked why a Roman citizen should have embraced Hunnic ways, the man responded:

He considered his new life among the Scythians better than his old life among the Romans, and the reasons he gave were as follows: "After war the Scythians live in inactivity, enjoying what they have got, and not at all, or very little, harassed. The Romans, on the other hand, are in the first place very liable to perish in war, as they have to rest their hopes of safety on others, and are not allowed, on account of their tyrants to use arms. -- {{ early gun control?}} -- And those who use them are injured by the cowardice of their generals, who cannot support the conduct of war. But the condition of the subjects in time of peace is far more grievous than the evils of war, for the exaction of the taxes is very severe, and unprincipled men inflict injuries on others, because the laws are practically not valid against all classes. A transgressor who belongs to the wealthy classes is not punished for his injustice, while a poor man, who does not understand business, undergoes the legal penalty, that is, if he does not depart this life before the trial, so long is the course of lawsuits protracted, and so much money is expended on them. The climax of the misery is to have to pay in order to obtain justice. For no one will give a court to the injured man unless he pay a sum of money to the judge and the judge's clerks." http://usna.edu/Users/history/abels/hh3 ... taries.htm

And where are we today?
-------------------------------------

Beware The Social Tipping Point
Tyler Durden's pictureSubmitted by Tyler Durden on 04/28/2014 17:28 -0400 http://www.zerohedge.com/news/2014-04-2 ... ping-point

Submitted by Jeff Thomas via Doug Casey's International Man blog,

We have often suggested that, if we wish to know what is coming politically, socially, and economically in jurisdictions such as the EU and US, we might have a look at countries like Argentina and Venezuela, as they are in a similar state of near-collapse (for the very same reasons as the EU and US) but are a bit further along in the historical pattern.

Such a bellwether was seen in Argentina recently. Although the event in question is a very minor one, it is an illustration of the social tipping point—the manner in which a government loses control over its people.

Briefly, the events were as follows: Two men on a motorbike cruised a posh neighbourhood in Buenos Aires, seeking opportunities for purse-snatching. The pillion rider dismounted and snatched a purse from a woman. Bystanders saw the act, ran down the thief before he could re-mount the motorbike, and knocked him to the ground. Other onlookers (very possibly fed up with street crime caused by economic hardships) joined in. In a fury, they beat the thief senseless.

A policewoman managed to calm the group and handcuff the thief. Twenty minutes later, police assistance and an ambulance arrived.

Furious neighbours complained bitterly that the police had protected the thief but are generally doing little to protect law-abiding citizens.

Similar occurrences are on the increase in Argentina, and they have reached the point that the public have begun lynching thieves, as they increasingly believe that the police no longer serve to protect the people.

The pattern that is playing out can be described as a six-part process, and in Argentina, part five has been reached. Essentially, the process is this:

1. People Seek Ever-Increasing Government Largesse

This occurs over a period of decades. It begins with politicians seeking to either gain or retain office, advising the public that they should have a "right" to receive largesse from their government. Over time, the public, liking the idea of receiving something that they have not earned, warm to it and come to believe in its validity. Increasingly, the government takes money from the pockets of one group of citizens and "redistributes" it to others to whom it has made the promises.

2. Government Runs Out of Money

As elections occur every four or five years in most countries, the frequency of elections means a regular ramping-up in the level of promises to the electorate. Over time, the source group (those whose earnings are being appropriated) becomes tapped–out. (As British PM Maggie Thatcher said, "The trouble with socialism is that you eventually run out of other people's money."

At this point, the government can no longer deliver on its promises of largesse. But, the recipients have come to believe that they truly are entitled to the largesse, that it is their money and either the government or the greedy rich are withholding their money.

3. Citizens Become Increasingly Desperate

The citizens, who have become less productive and more dependant as a result of the largesse, now find themselves unable to afford even basic needs. Some begin to do desperate things in order to survive. Crime increases. Whilst police may address such crimes after the fact, they cannot anticipate them.

4. Vigilantism Arises

As crime increases unabated, citizens, in their frustration, come to blame not only the criminals, but also the police. At some point, acts of violence against criminals begin to occur, as citizens begin to take matters into their own hands. This trend expands, sometimes to the point that vigilante groups form.

5. Government Attempts to Maintain Order at All Costs

Governments at this point tend not to remain cool and crack down more on criminals. Instead, they tend to make the mistake of lashing out at those who defend themselves against the criminals. (In the example above, President Cristina Fernández de Kirchner made a statement to the public that, "Some people want us to return to barbarism; some people want us to react violently." She urged officials and the public to be "rational and civilized," and affirmed "education and social inclusion are the ultimate ways of solving these problems.")

6. Government Becomes the Enemy

Once such a pronouncement is made by a political leader, the social tipping point has been reached. The public, having first been angered by the criminals, turn their anger toward the police and, finally, toward their political leader. When the public realise that the formerly seemingly benevolent leader holds their welfare in no more regard than she holds the criminals who prey on them, she becomes a pariah.

So, why on earth, do political leaders, throughout history, make the same mistake over and over? Why do they reveal the truth—that they actually have no concern for their minions?

At first, when the crimes begin, the leader is personally unaffected and has little concern. As crime increases, it is not the crime that the leader finds objectionable, but the grumblings of the people. It does not occur to the leader that to say, essentially, "Too bad for ya—suck it up," is the absolute worst approach to take.

What then, drives leaders to almost invariably take the wrong public stance in such instances? To answer this, we need only to look at leadership myopically, as does the leader. Leaders tend to care little, if at all, for the welfare of the electorate, who only exist to ensure reinstatement every few years. Otherwise, they are of no consequence. They are tolerated and pandered to, but they must never dare to supplant the authority of the leader. When the public develop the moral spine that is required to make themselves judge and jury, they are assuming an authority that belongs to the leader alone, and they are, therefore, a greater threat to the government than the criminals.

The leader's sole true concern is that the government hold the exclusive right of control. Above all, she dictates the maintenance of order.

And the leader has good cause for this concern in such an instance. Once such vigilantism becomes "necessary" in the eyes of the public, they have unconsciously taken back the authority of who is in charge. When this happens, this jig is up, as the population twigs onto the concept that they not only need to take charge of their lives, but they can. Of such realizations are revolutions made.

The beating of a thief is, in itself, a minor event, but these events often become social tipping points. (Witness the self-immolation of a street vendor in Tunisia in 2011.)

If there is a lesson to be learned from events such as this one in Argentina, it is that the EU and US are not far behind in their socio-economic/political deterioration. Perhaps the reason that the dominant powers in the world today are ramping up their internal defence systems so dramatically is that they see the writing on the wall.

The reader is then left with two questions: 1) Will his country soon be facing dramatic inner turmoil that may be a threat to his well-being? And, 2) Would he be better served if he were to prepare an alternate location in which to be, if the fur begins to fly?

aedens
Posts: 4753
Joined: Tue Nov 04, 2008 4:13 pm

Re: Financial topics

Post by aedens »

http://topdocumentaryfilms.com/stress-p ... -a-killer/ Unfortunately, most of the people who really need the information in this documentary will
never see it and the vast majority who do see it will ignore it.

KoЯn

gerald
Posts: 1681
Joined: Sat May 02, 2009 10:34 pm

Re: Financial topics

Post by gerald »

How quaint ---

Guest Post: Suspicious Deaths Of Bankers Are Now Classified As "Trade Secrets" By Federal Regulator
http://www.zerohedge.com/news/2014-04-2 ... ral-regula

"It doesn’t get any more Orwellian than this: Wall Street mega banks crash the U.S. financial system in 2008. Hundreds of thousands of financial industry workers lose their jobs. Then, beginning late last year, a rash of suspicious deaths start to occur among current and former bank employees. Next we learn that four of the Wall Street mega banks likely hold over $680 billion face amount of life insurance on their workers, payable to the banks, not the families. We ask their Federal regulator for the details of this life insurance under a Freedom of Information Act request and we’re told the information constitutes “trade secrets.”

"There is one other major obstacle to brushing away these deaths as random occurrences – they are not happening at JPMorgan’s closest peer bank – Citigroup."

Following are the names and circumstances of the five young men in their 30s employed by JPMorgan who experienced sudden deaths since December along with the one former employee.

Joseph M. Ambrosio, age 34, of Sayreville, New Jersey, passed away on December 7, 2013 at Raritan Bay Medical Center, Perth Amboy, New Jersey. He was employed as a Financial Analyst for J.P. Morgan Chase in Menlo Park. On March 18, 2014, Wall Street On Parade learned from an immediate member of the family that Joseph M. Ambrosio died suddenly from Acute Respiratory Syndrome.

Jason Alan Salais, 34 years old, died December 15, 2013 outside a Walgreens inPearland, Texas. A family member confirmed that the cause of death was a heart attack. According to the LinkedIn profile for Salais, he was engaged in Client Technology Service “L3 Operate Support” and previously “FXO Operate L2 Support” at JPMorgan. Prior to joining JPMorgan in 2008, Salais had worked as a Client Software Technician at SunGard and a UNIX Systems Analyst at Logix Communications.

Gabriel Magee, 39, died on the evening of January 27, 2014 or the morning of January 28, 2014. Magee was discovered at approximately 8:02 a.m. lying on a 9th level rooftop at the Canary Wharf European headquarters of JPMorgan Chase at 25 Bank Street, London. His specific area of specialty at JPMorgan was “Technical architecture oversight for planning, development, and operation of systems for fixed income securities and interest rate derivatives.” A coroner’s inquest to determine the cause of death is scheduled for May 20, 2014 in London.

Ryan Crane, age 37, died February 3, 2014, at his home in Stamford, Connecticut. The Chief Medical Examiner’s office is still in the process of determining a cause of death. Crane was an Executive Director involved in trading at JPMorgan’s New York office. Crane’s death on February 3 was not reported by any major media until February 13, ten days later, when Bloomberg News ran a brief story.

Dennis Li (Junjie), 33 years old, died February 18, 2014 as a result of a purported fall from the 30-story Chater House office building in Hong Kong where JPMorgan occupied the upper floors. Li is reported to have been an accounting major who worked in the finance department of the bank.

Kenneth Bellando, age 28, was found outside his East Side Manhattan apartment building on March 12, 2014. The building from which Bellando allegedly jumped was only six stories – by no means ensuring that death would result. The young Bellando had previously worked for JPMorgan Chase as an analyst and was the brother of JPMorgan employee John Bellando, who was referenced in the Senate Permanent Subcommittee on Investigations’ report on how JPMorgan had hid losses and lied to regulators in the London Whale derivatives trading debacle that resulted in losses of at least $6.2 billion.

aedens
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Re: Financial topics

Post by aedens »

Plato watched Socrates perish to warn him what cannot die as kosmos noetos. Plato was aware that Solon's bloodline coursed his veins also. The conception of unity only applies in very different degrees to different types of message. He works less deductively and more from masses of generalized experience than Platonists have been ready to admit or wish to infer from a bent of mind.

For as I walked around and looked carefully at your objects of worship, I even found an altar with this inscription: to an unknown god. So you are ignorant of the very thing you worship--and this is what I am going to proclaim to you. acts 17:23

As we are Franklin explored his own intellectualism, and he fully converts to Deism. He adopts the ideals of "truth, sincerity and integrity,"
We have fallen very far as we all do. We still have hope and our price was paid.
Last edited by aedens on Tue Apr 29, 2014 6:08 pm, edited 1 time in total.

aedens
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Re: Financial topics

Post by aedens »

Started as a private, ended as a Major. Infantry, Intelligence, Special Forces along the way. Did 2 deployments to Afganistan.
He QUIT after returning home. Was totally disillusioned and pissed off.
He told me that most Afghans were basically blind as a result of Vitamin A deficiency during childhoold. They couldn't see and couldn't be taught to shoot a rifle. They also had trouble learning to use a toilet. He told me that when you saw a Taliban with a Lee Enfield then you needed to watch the fuck out because that guy could actually see.
He came home weighing 140 pounds. Had to carry 70 pounds of armor and gear in the mountains. Watched Afghan parents feed their babies opium balls during the winter to quell their hunger pangs, resulting in babies that were addicts from the cradle.
I have another cousin that joined the Marines. Went to Afghanistan. Was forced to drive down the road in a HumVee. Came home missing most of his lower body. He requires care for life and will never live independently. Yeah Team America. Let's go kick some more ass. It's fun. We have better stuff.

gerald
Posts: 1681
Joined: Sat May 02, 2009 10:34 pm

Re: Financial topics

Post by gerald »

If true -- and most likely the source of many /most? of our and the world's problems.

Quote Of The Day: Larry Summers To Elizabeth Warren - "Insiders Don't Criticize Other Insiders"
http://www.zerohedge.com/news/2014-04-2 ... r-insiders


After dinner, “Larry leaned back in his chair and offered me some advice,” Ms. Warren writes. “I had a choice. I could be an insider or I could be an outsider. Outsiders can say whatever they want. But people on the inside don’t listen to them. Insiders, however, get lots of access and a chance to push their ideas. People — powerful people — listen to what they have to say. But insiders also understand one unbreakable rule: They don’t criticize other insiders.

aedens
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Joined: Tue Nov 04, 2008 4:13 pm

Re: Financial topics

Post by aedens »

They care less. It took decades just to clean up the local elected thieves.
North Americans dead from outside terrorism.
Number of dead from train derailments.
Number of dead in the grave yard of Empires.

assert and co-op

When we stated in the late seventies the apathy of we are moving towards them. The annals history have already stated that we are already there. What people often fail to realize even those who have spent lifetimes in the cause of anti Communism is the overweening arrogance of Communist leaders.
Having built careers and social systems on the basis of controlling all aspects of the political, social, and economic lives of their subjected peoples.
Countless decades the relegated political operatives will be consumed by ther own local affairs as we have seen and decades to solve even a minor criminal
enterprize.

From December 1989
Jerzy Urban, Polish government spokesman from 1981 to 1989, gives us some insight into the Communist mind in a memo written in December 1980 at the height of Solidarity’s first manifestation (the memo was published in English in the journal Uncaptive Minds and in French in Commentaire). At that time of challenge to Communist power, Urban put forward a strategy opposite to that of martial law, since he predicted the latter would ultimately fail. Instead of trying to suppress Solidarity and the Church, he argued, the Communists should use their political and propaganda power to coopt these social forces. Admitting that Communism had failed to capture society’s adherence, indeed recognizing that Communism was reviled by most Poles—though still adamant in the cause himself—Urban advised then-Communist leader Stanislaw Kania to harness this energy of opposition and patriotism by allowing minority political representation in a new “coalition government” akin to the Popular Front of 1945 to 1948. In this way, the coherence of the opposition would be broken, and the only united social force left would be the Communist party. Jaruzelski took seven years to recognize both that martial law had failed to suppress Solidarity and that he would be unable to obtain the needed Western assistance to avoid an economic collapse. He thus adopted this more sophisticated and less violent strategy, one that would be more likely to succeed in obtaining foreign investment and aid. Poszgay, on the other hand, may be even more clever yet. Imagine the arrogance of a man who, witnessing the total failure of the Communist enterprise, believes that it is possible to achieve a significant enough proportion of the vote in a free election to maintain Communist power and have himself elected president!

Is the political opposition in Hungary, Poland, the Soviet Union, etc. and are we in the West being duped by this new Communist device? That is what is now being proffered as serious analysis of the assumption of office by a Solidarity Prime Minister and the negotiations in Hungary for free elections. It is the flip side of Communist arrogance. Just as the Communist elite is confident in its powers of social engineering, many anti-Communists in the West (and even some in the East) are skeptical that societies under Communism may emerge out of their “Sovietized” state to press for democratic change. But it is just this ability of societies long subjugated to Communist rule to assert their rights and to attempt to regain control over their lives that has brought about the stunning changes in Eastern Europe. Yes, Gorbachev, Jaruzelski, et al. have strategies inimical to democracy; but so, too, do the emerging political oppositions have strategies to bring about fundamental, and democratic, change.

The present skepticism about the power of “civil society” in Eastern Europe is born of the same analysis that from 1981 up to 1988 stated confidently that Solidarity was no longer a relevant force in Polish society and that the Communists would never accept divestment of their powers; similarly, one hears today dominant voices in the State Department or in foreign-policy circles that Hungarian society is too passive; that Soviet society is too fractured and its workers too “Sovietized”; that Czech and Slovak society is too accepting of historical defeat; or, before this spring, that the Chinese could never mount a serious democracy movement, and now, that the Chinese will not be able to mount a democracy movement again. Each of these analyses has been wrong and their proponents have thus been surprised each time an oppressed society speaks freely and strongly for democracy.

Charles H. Fairbanks, Jr. (and Zbigniew Brzezinski) have put the case clearly: we are witnessing the decline of this century’s most dangerous experiment to create a Communist civilization. It will not just fade away; it will take a very long time to decline; at each stage, the Communist leadership will take advantage of economic, political, and perhaps military resources to maintain its power (in Poland and Hungary the Communist-party nomenklatura is appropriating to itself for private use the property it expropriated from everyone else for the state); the nations and societies that have survived constant horrors and oppression will take a very long time to emerge. But that we are entering a new period is now evident, and whatever strategies may be devised to try to maintain the previous stability of the cold war will not work, just as the strategies devised to normalize relations with Poland when Solidarity was illegal also failed.

One must start from scratch to rebuild a free economy, a free society, an educational system devoid of indoctrination, free institutions that can strengthen democratic development. True, there will be requests made . . . that seem out of reach and imprudent; they may be, but it will be in the West’s interests to provide counsel and advice for an alternative program of aid, and to back that up with money. This will be the only way to allow the institutionalization of democratic gains now won, and to extend those gains beyond any point where Communist power may be returned in full force.
To fear the consequences of the present course of events is prudent; to ignore the opportunities at hand, however, and to lack the resolve to respond to this historic opportunity is unconscionable. In any case, there is little alternative than to meet these new dangers and opportunities. We can ask nothing less of ourselves than what the East Europeans are now demanding.

To few understand the facts then, and even less today.
Last edited by aedens on Wed Apr 30, 2014 11:21 pm, edited 4 times in total.

aedens
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Joined: Tue Nov 04, 2008 4:13 pm

Re: Financial topics

Post by aedens »

As noted we simply left one area for another for many reasons also other than the $25,000 levy we felt was finanacial criminal intent and it was.
This opportunity cost to shift into other areas was there loss not our but we seen the future much clearer than many at the time.
They are not interested, or to say clearly, for well over a decade to effective change. It would be safe for way over a decade they could care
less on even that topic. Like we have seen you just walk away in no paticular hurry since they are not human beings but a bent of mind
to deceive only. Would I go back and open business? Not a chance in direct context only to that specific investment reality to what is coming some convey and we see. Been there done that and the red and blue crayons are no different. Unless you know what is, you will never know what ought to happen either.

The Village council and staff believe that for the past five to ten years we have been operating without proper management, responsible fiscal controls and sound business planning. It appears there have been significant oversights by previous administrations. Few people knew what was transpiring until the village Council elected in November 2012, began to investigate.

The revolution is between humanity's ears... and they don't want the responsibility.

As Hume expounded to mollify Platos views since he knew Socrates espoused basically be true to your self to see that another view exists beyond words and thus abstract to defend your person since Plato also knew Solons blood indeed coursed in his viens and that business of lesson. As we are reminded Solon exiled for a decade since no could make a decision to the affairs of equity in the region until violence ensued. In Athens earlier, the crisis was resolved with the arrival of Solon in 594 BCE, who forbade slavery for debt and other measures intended to help the peasants. In the 5th century BCE, the practice of liturgy (λειτουργία / leitourgia - literally, "public work") placed the responsibility for provision of public services heavily on the shoulders of the rich, and led to a reduction in large scale land ownership. It is estimated that most citizens of hoplite rank owned around 5 hectares of land. In Sparta, the reforms of Lycurgus led to a drastic redistribution of land, with 10 to 18 hectare lots (kleroi) distributed to each citizen. Elsewhere, tyrants undertook redistributions of land seized from wealthy political enemies.

This is still a very serious issue in the 21th century now, often called (after David Hume) the problem of "Is and Ought" (or "Fact and Value") since what we see in the world merely "is," yet when we talk about matters of value, we mean what "ought" to be. What "ought" to be doesn't always, or often (or ever), seem to exist, so how do we know about it? We can enter the realm of virtue but that will not appear for some time it appears on many affairs.

"The rules of morality are not the conclusions of our reason." - David Hume

In the early modern era Baruch Spinoza (1632–1677) notably held that nothing is inherently good or evil and right where they stopped thinking in 1989 when the wall fell to the adopted the Andropov solution. The 18th-century Enlightenment philosopher David Hume (1711–1776) serves in several important respects as the father both of modern emotivism and of moral relativism, though Hume himself did not espouse relativism. He distinguished between matters of fact and matters of value, and suggested that moral judgments consist of the latter, for they do not deal with verifiable facts obtained in the world, but only with our sentiments and passions. But Hume regarded some of our sentiments as universal. He famously denied that morality has any objective standard, and suggested that the universe remains indifferent to our preferences and our troubles.

Since the topic refers to intent again the point remains if the cup is one, or the other in level it is still answered yes. If you want to peel the ethical onion we have to start here that moral nihilism is distinct from moral relativism, which does allow a moral statements to be true or false in a non-objective sense, but does not assign any static truth to values of a moral statements, and of course moral universalism, which holds moral statements to be objectively true or false. Insofar as only true statements can be known, moral nihilism implies moral skepticism. This translates to goal seeking and modeling for contrived group think. As the saying goes be so Independant the threat cannot be denied and the opportunity limiteless. The human conditions is a process of understanding the fact that the word meaning of natural economy has a older definition. As Athens understood thats fine until they come over over the Hill.

thread notes British Journalist Jonathan Steele - Andropov in Power
Andropov in Power: From Komsomol to Kremlin
ISBN 0855206411

The context of the diagram is unmolested movement of capital.

I will be caring for the affairs of the soil tomorrow, its my day off.
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aedens
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Joined: Tue Nov 04, 2008 4:13 pm

Re: Financial topics

Post by aedens »

Not one of these "color revolutions" brought about any change in the socio-economic structure. The regimes were replaced with pro-Western ones. Nothing more. That needs to be well understood.
http://www.zerohedge.com/news/2014-04-3 ... erspective

jcsok
Posts: 134
Joined: Sat Nov 08, 2008 6:51 am

Re: Financial topics

Post by jcsok »

Looking for a top around late May of 1915 in the S&P. I refuse to be long to trade into the these highs, even though I believe the market will be higher, there is too much risk if the data point is not reached. Some day the top WILL be in, and most participants will be looking for higher prices; a rebound, buy the new highs because its going higher. And the high will never be reached for a long time, or never, ever again in Higgenbotham's vision.

I will throw more money to the longs and sell into late May. I've thrown a lot to the longs on the way up in the last few years. Maximum ruin hasn't occurred yet, but its been painful so far.

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