Thursday, August 6, 2009
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.
Wednesday, August 5, 2009
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
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
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
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