Sunday, November 11, 2012
Saturday, November 10, 2012
Did Hurricane Sandy Cause $36.5 Trillion In Damage?
$hit. Jim Sinclair has insisted readers to directly register shares in the event of a major financial crisis, and the custodian and/or clearinghouses go belly up. It may be too late now.
http://theautomaticearth.com/Finance/did-hurricane-sandy-cause-365-trillion-in-damage.html
And here is one of Jim Sinclair's repeated warnings:
http://www.jsmineset.com/2012/08/12/direct-registration/
In other words, if your broker goes bankrupt, your account may be zeroed out, through no fault of your own.
http://theautomaticearth.com/Finance/did-hurricane-sandy-cause-365-trillion-in-damage.html
And here is one of Jim Sinclair's repeated warnings:
http://www.jsmineset.com/2012/08/12/direct-registration/
In other words, if your broker goes bankrupt, your account may be zeroed out, through no fault of your own.
Labels:
direct registration,
DTCC,
Jim Sinclair,
shares
Friday, November 9, 2012
Thursday, November 8, 2012
The 1999 - 2001 Gold Bottom
This chart illustrates that the price of gold could drop to $1400 or $1025 tomorrow and the secular bull market would still be intact.
http://www.the-privateer.com/g-bottom/gold98-l.html
http://www.the-privateer.com/g-bottom/gold98-l.html
Labels:
1999,
2001,
gold bottom
Chart Of The Day: When $0.99 Becomes Unaffordable, We Have A Problem
http://www.zerohedge.com/news/2012-11-08/chart-day-when-099-becomes-unaffordable-we-have-problem
Most importantly, this was the first monthly drop in MCD comp sales since March 2003! So our question is: at what point does the perpetually self-deluded US population finally admit to itself that when even 99 cent meals are no longer affordable, that this country has a problem?
Do We Have What It Takes To Get From Here To There? Part 1: Japan
http://charleshughsmith.blogspot.com/2012/11/do-we-have-what-it-takes-to-get-from.html
The U.S. Status Quo is as intellectually bankrupt as it is financially bankrupt. Our "leadership" cluelessly clings to the only model they know: incentivize "consumers" into borrowing more money to buy more "stuff" from China, in the magical-thinking belief this churn will somehow lead to sustainable "growth." This is akin to handing a parched alcoholic a fresh bottle of whiskey to wean him of his addiction.
Labels:
get from here to there,
Japan
Even - Odd gas rationing tweet from NYC Mayor Bloomberg
I predicted this 70's style gas rationing would re-occur several years ago. Who's crazy now?
Mike Bloomberg @MikeBloomberg
“Everything that needs to be said has already been said. But since no one was listening, everything must be said again.” — AndrĂ© Gide
Mike Bloomberg
Effective 6 am 11/9: drivers in NYC whose license
plates end in an even number or zero will be able to buy gas only on
even-numbered days
Labels:
even,
Mayor Bloomberg,
odd,
tweet
Wednesday, November 7, 2012
Max Keiser: 'Barack Obama is clueless. Mitt Romney will bankrupt the country'
http://www.independent.co.uk/news/world/americas/max-keiser-barack-obama-is-clueless-mitt-romney-will-bankrupt-the-country-8269633.html
Of the many themes that Keiser returns to in his shows, one of the most interesting and incendiary is the relationship between big business and Congress. He has openly accused senior politicians of using investigations into financial malpractice as a way of acquiring market information so as to benefit themselves.
"Democracy is not well served by the current political configuration in America," he maintains. "The entire political establishment is designed around enriching a minority of people who have access to both information and capital. Take the CIA. They have recently opened up their services to hedge funds. Hedge-fund managers can now hire CIA agents to do research on pharmaceutical companies, defence contractors, or oil contracts."
Labels:
bankrupt,
Barack Obama,
CIA,
clueless,
hedge funds,
Max Keiser,
Mitt Romney,
pharmaceutical companies,
research
Fed’s Williams Says Bond Buying May Exceed $600 Billion
The title of this article should surprise nobody.
http://www.bloomberg.com/news/2012-11-06/fed-s-williams-says-bond-buying-may-exceed-600-billion.html
http://www.bloomberg.com/news/2012-11-06/fed-s-williams-says-bond-buying-may-exceed-600-billion.html
Labels:
bond buying,
Fed,
Williams
Look to Midtier and Small-Cap Gold Equities for Growth: Joe Foster
Perform your own due diligence. Mining shares are not for the faint-hearted.
http://www.theaureport.com/pub/na/14696
http://www.theaureport.com/pub/na/14696
Labels:
gold equities,
mid-tier,
small-cap
Now We Can Stop Paying Attention
http://dollarcollapse.com/the-economy/now-we-can-stop-paying-attention/
Someday the markets will put a stop to the borrowing, but until then it really doesn’t matter who we elect or what they promise. Debt, after it reaches a certain level, is all that matters – not immigration policy or health care or marginal tax rates or short term interest rates or gay marriage. All are irrelevant compared to the institutional momentum of increasing leverage.
Total debt is now about $175,000 per citizen, or $700,000 per family of four. The average family’s income is something like $50,000, so it’s clear that we’ve long since passed the point where a return to a 1980s version of placid normality is a viable possibility for the country, any more than it would be for a typical family that woke up to find itself $700,000 in debt. Going forward the choice is to inflate or die.
This story is at least a decade old, and it’s getting tiresome for all involved. For the majority who expect positive change from each election the disappointment must be exhausting, as each inevitable compromise moves their latest hero one step closer to impotence. For the small number of people who see the underlying truth, this show is even harder to watch because the obvious, inevitable ending just won’t come. The zombie that should have died for good after the 2000 tech stock crash keeps shambling along, wreaking havoc or boredom, depending on whether you’re in its path or watching from a safe distance.
Labels:
debt,
stop paying attention
Treasury Quietly Warns: 'Expect Debt Limit to Be Reached Near End of 2012'
The US Treasury is starting to act like the credit risk it is becoming--yet again.
http://cnsnews.com/news/article/treasury-quietly-warns-expect-debt-limit-be-reached-near-end-2012
http://cnsnews.com/news/article/treasury-quietly-warns-expect-debt-limit-be-reached-near-end-2012
Labels:
debt limit,
US Treasury
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