tag:blogger.com,1999:blog-5724181159639068489.post249608647663040613..comments2023-11-05T05:09:14.089-05:00Comments on Goldman Sachs: Information, Comments, Opinions and Facts: Goldman Sachs Is In the Toll Road BusinessRobertMhttp://www.blogger.com/profile/03960912417983904202noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-5724181159639068489.post-35199920586993550742011-07-15T09:03:43.304-04:002011-07-15T09:03:43.304-04:00Tom Ferguson and Rob Johnson Explain Why the Tea P...Tom Ferguson and Rob Johnson Explain Why the Tea Party Became the Big Banks’ Best Friend<br /><br />In a trend that is doubtless making Lloyd Blankfein weep for joy, Tea Party-backed Republicans in Congress are furiously trying to block financial reform and the critical regulations that would prevent reckless speculation and another, possibly worse, economic meltdown. They appear determined to slash the budgets of the Securities and Exchange Commission and Commodity Futures Trading Commission. Scheer notes that the CFTC is run by former Goldman Sachs partner Gary Gensler, one of the Obama “regulators” who has specialized in thwarting proper supervision of the out-of-control derivatives market.<br /><br />http://www.newdeal20.org/2011/07/12/tom-ferguson-and-rob-johnson-explain-why-the-tea-party-became-the-big-banks-best-friend-51387/Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-58542131771604027492011-07-14T08:54:53.539-04:002011-07-14T08:54:53.539-04:00The more you fight this, the more you support the ...The more you fight this, the more you support the Goldmans of the world...read it if you want to understand the swindle.<br /><br />Our whole financial system is an illusion<br /><br />Today what we do is a government will create a bond – a bond is just an I.O.U.: you loan me one trillion dollars and I promise that over a thirty year period I pay you back one trillion dollars plus interests, so I will pay you two trillion over that thirty year period. And then the central bank buys that bond – here in the U.S. we do it through the Open Market Operations, it’s a bit like a shell game: first the banks buy it and then the Fed buys it from the banks. What is really going on is the Treasury issues I.O.U.’s and eventually the central bank acquires those I.O.U.’s by printing currency. They basically just invent dollars, which is just a claim cheque – so basically it’s an I.O.U. for an I.O.U., and this swapping of I.O.U.’s indebts the public. We are borrowing prosperity out of the future and promising to pay it back. Basically, our taxes today are payments for the borrowing of yesterday.<br /><br />http://goldswitzerland.com/index.php/our-whole-financial-system-is-an-illusion/Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-84954721254770785072011-07-13T15:56:40.684-04:002011-07-13T15:56:40.684-04:00Derivatives is where the fraud is....
With gold ...Derivatives is where the fraud is....<br /><br /><br />With gold hitting new all-time highs and silver up over $2 at one point and mining shares taking off to the upside, today King World News interviewed John Embry, Chief Investment Strategist at $9 billion strong Sprott Asset Management. When asked where he sees things right now Embry stated, “What’s been fascinating, and what was unappreciated by me in the early stages, was the enormous number of derivatives that have been created in the financial system. Because of the derivatives they’ve been able to keep this thing going for infinitely longer than any rational mind would have thought possible.”<br /><br />Embry continues:<br /><br /><br />“You’ve been able to create leverage to the extent that you’ve never seen before and this is why I think the bubbles were able to get stretched out and last as long as they did. Because the balloon was blown up so much, I just think the aftermath in its finale is going to be extraordinarily unpleasant.”<br /><br /><br />http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/7/13_Embry_-_Mining_Shares_Will_Be_Like_Internet_Stocks_in_the_90s.htmlAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-8753061008217057912011-07-13T09:13:22.215-04:002011-07-13T09:13:22.215-04:00The more you fight this, the more you support the ...The more you fight this, the more you support the Goldmans of the world...read it if you want to understand the swindle.<br /><br />Our whole financial system is an illusion<br /><br /> Today what we do is a government will create a bond – a bond is just an I.O.U.: you loan me one trillion dollars and I promise that over a thirty year period I pay you back one trillion dollars plus interests, so I will pay you two trillion over that thirty year period. And then the central bank buys that bond – here in the U.S. we do it through the Open Market Operations, it’s a bit like a shell game: first the banks buy it and then the Fed buys it from the banks. What is really going on is the Treasury issues I.O.U.’s and eventually the central bank acquires those I.O.U.’s by printing currency. They basically just invent dollars, which is just a claim cheque – so basically it’s an I.O.U. for an I.O.U., and this swapping of I.O.U.’s indebts the public. We are borrowing prosperity out of the future and promising to pay it back. Basically, our taxes today are payments for the borrowing of yesterday.<br /><br />http://goldswitzerland.com/index.php/our-whole-financial-system-is-an-illusion/Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-67093365091708489682011-07-12T14:20:20.268-04:002011-07-12T14:20:20.268-04:00Aarp rhymes with Tarp...and that's where it en...Aarp rhymes with Tarp...and that's where it ends.<br /><br />Funny though how one gets funded and the other might not. So long seniors.<br /><br />Obama Says "Can Not" Guarantee Social Security Payments Without A Debt Ceiling Hike<br /><br />As Reuters reports, "Barack Obama said in an interview on Tuesday that checks to recipients of the Social Security retirement program may not go out in early August if he and congressional leaders do not agree a debt deal. "I cannot guarantee that those checks go out on August 3rd if we haven't resolved this issue," Obama said in an interview with CBS, according to a transcript on the network's web site. "Because there may simply not be the money in the coffers to do it," Obama said."<br /><br />http://www.zerohedge.com/article/fearmongering-top-begins-obama-says-can-not-guarantee-social-security-payments-without-debt-?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5724181159639068489.post-61080918677848416732011-07-12T13:38:51.650-04:002011-07-12T13:38:51.650-04:00What choice do you have? People are suffering out ...What choice do you have? People are suffering out there...they have you exactly where they want you!<br /><br />Top Retail Analyst: "I Think What’s Going On ... Is That We Are In A<br />Depression For 80 Percent Of Americans"<br /><br /><br />http://losangeles.cbslocal.com/2011/07/11/analyst-even-dollar-stores-struggling-in-obama-depression/<br /><br />http://www.zerohedge.com/article/top-retail-analyst-i-think-what’s-going-we-are-depression-80-percent-americans?Anonymousnoreply@blogger.com