Thursday, August 6, 2009
ALERT! BANK HOLIDAY COMING!!!
From today's JSMINETSET.COM
Jim Sinclair’s Commentary
I have the deepest respect for Dean Harry, but would normally not believe the potential for what dear Harry proposes.
However, with the present war between politically directed monetary policy and FOMC directed monetary policy I have to suggest serious consideration of the following.
There certainly is no harm to be done by doing what Dean Harry suggests.
Harry Schultz newsletter
Conclusion: Stand by for a possible bank run & bank holiday on Aug 26th, after the news breaks on the 25th. (FDIC 2nd Qtr. Report)
This is in line with the HSL prediction of a US bank holiday in Aug/Sept.
If you live in the US, get 3 to 6 months household expense money out of banks now.
HAHAHA
The weirder you're going to behave, the more normal you should look. It works in reverse, too. When I see a kid with three or four rings in his nose, I know there is absolutely nothing extraordinary about that person.
~ P. J. O'Rourke
Wednesday, August 5, 2009
MARKET TICKER ARTICLE BY KARL DENNINGER
http://market-ticker.denninger.net/archives/1294-For-Want-Of-An-Or-Else.html
Wednesday, August 5. 2009
Posted by Karl Denninger in Musings at 08:22
For Want Of An "Or Else"
Have you ever wondered why The Federal Reserve feels perfectly free to break the law as set forth in Sections 13 and 14, buying assets such as CDOs from Lehman and Bear Stearns, or not-really-full-faith-and-credit MBS from Fannie and Freddie, even though doing so is in fact prohibited by The Federal Reserve Act?
THERE'S LOTS MORE...
Monday, August 3, 2009
What A Waste (Cash For Clunkers) by Karl Denninger
http://market-ticker.denninger.net/archives/1285-What-A-Waste-Cash-For-Clunkers.html
THE MARKET TICKER BY KARL DENNINGER
ROFL! FDIC "Tells Banks" To Quit Cooking The Books!
http://market-ticker.denninger.net/archives/1287-ROFL!-FDIC-Tells-Banks-To-Quit-Cooking-The-Books!.html
MIKE WHITNEY ARTICLE
Skip the Happy Talk
This Depression Is Just Beginning
By Mike Whitney
How many hundreds of banks are being kept on life-support because the FDIC is down to its last few farthings and doesn't want to ignite a panic?
http://informationclearinghouse.info/article23182.htm
Sunday, August 2, 2009
A QUOTE TO REMEMBER
Each man must for himself alone decide what is right and what is wrong, which course is patriotic and which isn't. You cannot shirk this and be a man. To decide against your conviction is to be an unqualified and excusable traitor, both to yourself and to your country, let men label you as they may: Mark Twain
YOU LIKE THE COPS? I DON'T
Go On, Admit It
You Really Don't Like The Police, Either
By Ted Rall
Race long has been a classic predictor of attitudes toward the police. But high-profile cases of police brutality, coupled with over-the-top security measures taken since 9/11 that targeted whites as well as blacks, have helped bring the races together in their contempt for the police. In 1969, the Harris poll found that only 19 percent of whites thought cops discriminated against blacks. Now, 54 percent of whites think so.
http://informationclearinghouse.info/article23171.htm
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