"CRUDE" oil, an absolute must see program !!!

[masalai]

I think I was browsing "Mr Mortgauge" or "Financial sense" looking at links and whatever for something to read, and this analysis implied that their research of (site & report cited) led them to believe that the FED was involved in supporting the US$ and playing with the "natural course in this and precious metals" through 3 trading banks as volumes were beyond their capacity...

Now I am pissed off that I cannot find that information again to have a more careful read.... Could well be erection support?

[Meanz Beanz]

... OK... I shut up.

[masalai]

I think I have had that lecture before (look of chagrin?) the point I was seeking to make was the apparent high volumes of FED sponsored activity selling and buying short and long in ? $$$$$ and precious metals - - one goes up the other goes down, then the trend reverses - must be HUGE amounts.......

I will stay strictly an "interested? observer" and on the sidelines, as this is a big boys play area....

[brian eiland]

Originally Posted by Meanz Beanz

One of the features of todays markets are these massively leveraged hedge funds. Where there is large leverage there is always room for short term games, you just have to be big enough to put the squeeze on those that are leveraged. Leverage can turn any market into an illogical circus in the short term. Turns out the bulk of the "speculators" (if we must) where short oil and we had an interesting mix of them scrambling to cover (higher prices) and then taking profit (support)... I am guessing that this might be harder that it looks because of the "buy and hold" nature of the index funds, whom in most areas are called investors.

Once the election is done logic should return to these markets.

I notice Paulson is bailing out with this administration... early!... that speaks volumes. I have seen some speculation that gentle Ben will join him, I don't know how well founded that is. IMO Paulson had a remit to keep pouring oil on the troubled water of the market until the election. Thing is they will let it fall apart in the first two years on the next term, then they have two years to do "stuff" and look relatively better for the next election. "Stuff" might get them reelected but it will be short term and will not last much longer than that IMO... then this thing will bottom past 2012 sometime depending on how badly the have done "stuff".

I must proclaim I am far from an economics person...just never interested me.

An observation of mine. When I was working in SE Asia in the mid-late nineties the Asian stock markets were going great guns prior to the recessive that hit late nineties. I was tempted to invest, but as I looked at the situation what I saw was a bunch of smoke filled rooms full of Chinese people just day-trading. It appeared to me as no more than a glorified gambling table that the Chinese culture loves so much. I said I don't want to be involved in this gambling scene as opposed to a real investment scene I believe existed in the American market.

Jumping forward to today I now see the American market has transformed into this same sort of gambling scene. With hedge funds, and derivatives, and all these fancy new investment tools created by the wall street types, we have created a gambling table in our stock market. The people that are really making money are all the 'computer assisted' short term traders that are betting on the direction of stock prices on an hourly basis rather than long term investment in an industry. They are NOT creating anything beneficial in the old time sense (a product, etc). They are getting rich on legalize gambling. And they need to have that market in constant flux up and down to make those margin profits.

This modern computer world just facilitates this iinstantaneous trading.

So I wouldn't have any problem with extra controls being put on this 'naked trading situation' to try and curb some of this 'gambling'.

[brian eiland]

Just the other day I was talking with an 'economics type' and I brought of Greenspans name as a failure to really strongly warn us of this coming morgage situation. He ask if I knew the Federal Reserve Banking system was not a part of our Fed government , but rather a private concern. I told him I was only vagely aware of this, at which point he told me to go read a book by the name of "The Creature from Jekyll Island"

....http://www.brianrwright.com/Coffee_C...yll_Island.htm
In this tome, author Edward Griffin delivers a devastating expose on the background, execution, and remedies to the Federal Reserve Banking system (FRBS).

The system, which amounts to a national bank under control of (surprise) the money interests who dominate the government of the United States, was rather sneakily enacted into law by Congress just before Christmas recess in 1913. Creature shows how this surreptitious meeting on Jekyll Island, a private resort off the coast of Georgia owned by J.P. Morgan and associates, led to the FRBS and its seemingly unlimited license to steal continuously from the productive class.
_____________________________________________________
...in MP3 format
http://www.spielbauer.com/JekyllDownload.htm


_____________________________________________________
The Creature from Jekyll Island
A Second Look at the Federal Reserve
http://www.financialsense.com/transc...18griffin.html

The Federal Reserve - An Inflation-Creating Institution

The Truth About Banks and Their Partnership with The Fed

A Legalized Cartel?

What About Secrecy?

Is The Fed a Stabilizer?

World Bank and the IMF

Why Do Central Bankers Hate Gold?

Bankers and War

Is it Inflation or Deflation Ahead?

Can the US Change Course?

Doomsday Mechanisms



________________________________________________
...another section
What is the Mandrake Mechanism?
It's the most important financial lesson of your life!
http://www.biblebelievers.org.au/jekyll.htm

[masalai]

That what we are watching in action and its influence is corrupting "normal investment business" and forcing these new "big game rules". The little 'mum&dad' investor is usually the victim, as is anyone else who does not know the new rules and how to play effectively.... I am not a player, just trying to hedge my future against adverse risk exposure....

[Meanz Beanz]

Originally Posted by brian eiland

"The Creature from Jekyll Island"

Its a good read and is full of things than every American should understand about their money.



P.S. Lecture retracted..

[Meanz Beanz]

Originally Posted by brian eiland

Jumping forward to today I now see the American market has transformed into this same sort of gambling scene. With hedge funds, and derivatives, and all these fancy new investment tools created by the wall street types, we have created a gambling table in our stock market. The people that are really making money are all the 'computer assisted' short term traders that are betting on the direction of stock prices on an hourly basis rather than long term investment in an industry. They are NOT creating anything beneficial in the old time sense (a product, etc). They are getting rich on legalize gambling. And they need to have that market in constant flux up and down to make those margin profits.

This modern computer world just facilitates this iinstantaneous trading.

So I wouldn't have any problem with extra controls being put on this 'naked trading situation' to try and curb some of this 'gambling'.

This is a natural result of "monetary inflation" it leads to what the Austrian Economic School calls the mis-allocation of capital and promotes speculation over investment. This is what has happened, current environment is corrosive to real productive activity and yet it rewards those that do no more than buy the right asset. Ultimately this leads to economic failure and until the underlying issue of inflation and the concomitant debt is resolved it stacks the odds greatly against being successful in most productive business. I would like to be in business at the moment but its just not smart to do so yet, its wiser to invest and trade until the situation is largely resolved then we can start with a cleanish slate.

The one thing that does occur is the capital that is traded does find it way into the businesses that required it, it is all investment at the end of the day and it does facilitate the creation of real businesses that do address real economic needs. If it makes you feel any better less than 20% of traders see any success, most just donate their money to businesses that fail to deliver.

So aside from the corruption of the US capital markets that is "naked short selling" the inflationary process distorts in an unhelpful way. The rest of the corruption seems to stem from pure greed and humans natural tendency to bend rules and game systems... it always seems to go with the turf!

you are smart for an ape, and even smarter for a fumen bean
these are my observations, from having some not unconsiderable amt in the market
the dollar is subject to not just speculation, but wholesale gambling from Asia, these are not so much traders as pure gamblers
the Au banks which are rock solid, are trading in mob of sheep mentality plenty are making money, it is so simple, to make quids here, but, nervey for ma and pa kangaroo
Bush had his agents bring down the twin towers, watch the footage, and he is bizzy killing off anyone who is delving, will Obama survive, or will rednecks like Wilraz kill him off?
I am drinking some red, , so I CAN WAFFLE
Next week I will be in Ijmuiden for boat show,
who gives a monkeys curse, sorry beans I know monkeys are not your cousins

[Meanz Beanz]

This is going to be tough LJ, its bigger und badder than most people really get. It keeps me awake sometimes...

Originally Posted by Meanz Beanz

This is going to be tough LJ, its bigger und badder than most people really get. It keeps me awake sometimes...

moi aussie
it is scary to think that what we pay, at the pump, is controlled as much by barrell prices, as by some scrawny lil bastard, , selling down our dollar from some office in Be ching
there could be a case for not floating, making a universal currancy? imagine, we knew zakkly where we were,
rules would apply, like, you cant print your own cash
do you know USA is so deeply in debt, but the creditors can never ever recover? weapons pressure, control
, it is truly scary
now go To Ru, another cold war, well the Russiands have reason to be pissed, surrounded by USA, bases,
ddi you know the USA ORCHESTRATED the war in Osettia, encouraged georgia to go in there, so Ru had to retaliate,and then make out Ru were the villains
Wakeup you dumb americans, get rid of the Republicans, stop writing **** in here and get out on your pad and protest BH OMF, what the ferkkk did you ever do to make your place safe? ahh grrrr

[masalai]

7:30 report on OZ ABC TV had an excellent interview which is compulsory viewing for all septics - DO IT NOW - click here http://www.abc.net.au/7.30/ and then click on the button "journalism 20:13" for a video interview....
IT IS ALL about: - - -
Media industry in crisis as standards decline: Davies - - - - Kerry O’Brien speaks with investigative journalist and author Nick Davies about his new book, Flat Earth News. - - - Davies argues that journalistic standards are declining the world over as cost cutting and government pressures take toll on the industry.

[brian eiland]

Originally Posted by Meanz Beanz

Its a good read and is full of things than every American should understand about their money.

And I might have also added that this fellow who recommended the book to me suggested I have a 'barf bag' next to me when I read it.

[brian eiland]

Originally Posted by masalai

That what we are watching in action and its influence is corrupting "normal investment business" and forcing these new "big game rules". The little 'mum&dad' investor is usually the victim, as is anyone else who does not know the new rules and how to play effectively.... I am not a player, just trying to hedge my future against adverse risk exposure....

Me too, and in an international sense as if the USA really goes into depression, so will a considerable portion of the world...shame to say.

And a lot of the blame can be put on the banking community and wall street guys who are still paying themselves excessive bonuses.

[powerabout]

Originally Posted by lazeyjack

you are smart for an ape, and even smarter for a fumen bean
these are my observations, from having some not unconsiderable amt in the market
the dollar is subject to not just speculation, but wholesale gambling from Asia, these are not so much traders as pure gamblers
the Au banks which are rock solid, are trading in mob of sheep mentality plenty are making money, it is so simple, to make quids here, but, nervey for ma and pa kangaroo
Bush had his agents bring down the twin towers, watch the footage, and he is bizzy killing off anyone who is delving, will Obama survive, or will rednecks like Wilraz kill him off?
I am drinking some red, , so I CAN WAFFLE
Next week I will be in Ijmuiden for boat show,
who gives a monkeys curse, sorry beans I know monkeys are not your cousins

I'm amazed you can spell Ijmuiden after a few reds..
I can barely say it even though I have been there