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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?


To: John who wrote (43618)12/6/2011 5:16:52 PM
From: ggersh1 Recommendation  Read Replies (1) | Respond to of 71479
 
Happy Holidays to you too!-vbg-



To: John who wrote (43618)12/6/2011 8:20:16 PM
From: the navigator11 Recommendations  Read Replies (3) | Respond to of 71479
 
and so...the best way to be positioned in the event of one of your headlines would be plenty of cash in the mattress and plenty of pm's in the basement and plenty of food in the pantry and plenty of ammo with the guns and a fine water purifier standing by...very best way to be positioned.

i have come to question our investment in pslv...just because after mf global, nothing in digits in really safe. i thought this post, from turd's site, was pretty right on...in turd's world, "santa" is jim sinclair...following is a post on a blog turd made about a warning from "santa."

tfmetalsreport.com

I have some firsthand experience with the MF Global situation.

Like Celente, I had traded with Lind Waldock for years. It is a very small percentage of my portfolio and I use it primarily to trade after hours positions....a lot happens when the American markets are closed. Even if I lose the current cash it will still have been a very good money maker for me. As I made money, I took it off the table. I never imagined the casino would simply steal the pot mid-game.

On the Friday before the announcement, I got worried. I never imagined that they would steal cash, but I did think they would lock down positions. I got flat, because I did not want to get stuck. And then Monday it was all frozen. What cash?

I was in disbelief when they "lost" the money. But this is now known. Obviously, they got caught undercapitalized, the prop desk stole money from the brokerage clients (probably hoping all would be well by just borrowing it for a few days, and then return it, with no one knowing what happened), it blew up, and they went BK. JPM still has the stolen money, I am sure. Hell, they probably suggested Corzine take it in the first place.

What happens next? Corzine is a political nightmare. He has to have so much dirt on everyone else that he is likely holding that info hostage, similar to the banks and the AIG CDS' in '08. "You take me down, I take all of you down". Maybe I am wrong, but he is obviously dirty. I doubt he is a lone wolf. Making him guilty will create mass guilt. This is why they saved the banks in '08. If you can paper over the crime, there is no crime. No crime, no criminals...

So TPTB are stuck. If they screw the customers, they will be giving them scads of ammo to go after civil criminal lawsuits. The folks who lost money here aren't a bunch of poor saps. They have deep pockets, and can get lawyered up, if needed....and pissed.

Also, if Corzine goes down, he will go down swinging and grabbing the collar of Jamie Dimon and the rest. I think they are dragging this thing out and slowly making customers whole to give the appearance of sloppy accounting, not criminal actions. Once, they make everyone whole, they will argue that there was no crime, just sloppy bookwork. No dead body, no murder. All made whole, no theft. It's America and the typical American has about a 72 hour window of "giving a rip" about the news of the day. All is on the way to being forgotten.

We'll see. Currently, the recovery number is somewhere between 66% and 80%, and rising as we go along. It is not as if we live in a Country which can't create money. We've been doing it for 98 years. 100% is near.

Corzine will keep the stolen money. Customers will get future taxpayer money. No criminals will get prosecuted. And the AG will look the other way. "There was no crime."

The whole thing makes you want to puke, grab your stash, build enormous walls and wait for the rule of law to return. If you are continuing to trust the solvency of markets, you are foolish, IMHO. MFG is a Godsend. It is a warning to all, without creating catastrophic damage. It is the tsunami siren. Get to higher ground. You have time.



To: John who wrote (43618)12/8/2011 5:40:21 AM
From: golfer721 Recommendation  Read Replies (1) | Respond to of 71479
 
The first three I could see. The last I doubt.They dont need to. Never interfere with your enemy while he is destroying himself. We are doing a very good job of that.



To: John who wrote (43618)12/8/2011 8:11:08 AM
From: Giordano Bruno  Read Replies (1) | Respond to of 71479
 
EXCLUSIVE
Mexican DoD Acknowledges
UFOs In Mexico

http://www.rense.com/general52/deff.htm

UFOs - FOX News - Mexican Air Force - CNN News - OVNIs

youtube.com