Comments on: The “ignorance is bliss” doctrine in action

By: Anthony Scalzi

Anthony Scalzi — Tue, 11 Sep 2012 16:37:22 +0000

It ended up on NBC’s website last year, although it was only 8 trillion at that point.

http://bottomline.nbcnews.com/_news/2011/11/28/9067808-fed-lent-banks-nearly-8-trillion-during-crisis-report-shows

By: Bob

Bob — Sun, 09 Sep 2012 03:56:09 +0000

@ Dekant – great comments. The banks are still in bad shape the the government has conveniently allowed them to not carry some of their bad debt n the books. They are teetering again and when someone nocks over one of the cards it will fall, only this time there will not be enough money to prop them up. We need to stop the FED from even trying, all they are doing is digging a deeper hole.

By: Henning Dekant

Henning Dekant — Sun, 09 Sep 2012 03:47:27 +0000

While the general public has been kept in the dark, investment sites such as safehaven.com have been covering this. American news media is so dumbed down I don’t believe in a conspiracy, rather an editorial decision that covering yet another car chase gets more viewers.

This was an emergency loan facility to make the banks whole again that had to write down enormous losses when the CDO toxic waste finally blew up.

All these banks were technically insolvent when the crisis hit. Hence lending activity completely froze up even letters of credits for shipments. I.e. this in one fell swoop had the potential to bring the world economy to a complete stand-still. There is a reason why they call these banks too big to fail.

I am not saying that the FED had any right to do this, but if they hadn’t this would have made the great depression look tame. They unfortunately didn’t have much of a choice. Once the sh** hits the fan all you can do is clean it up. The real cardinal sin is that after this went down no bank executives have been held accountable, no bank has been broken up, and the additional regulations were watered down. Anybody surprised that these banks are now again playing the speculative derivative market?

By: Nathan

Nathan — Sat, 08 Sep 2012 02:35:38 +0000

What? They didn’t have the same cast members for part II? Poot, I liked the first Dagney Taggart.

By: Iggy Dalrymple

Iggy Dalrymple — Thu, 06 Sep 2012 19:52:24 +0000

Youtube version of official trailer:

By: Iggy Dalrymple

Iggy Dalrymple — Thu, 06 Sep 2012 19:46:16 +0000

The GimmeCrats have already produced a “Counter-Trailer”.

By: Iggy Dalrymple

Iggy Dalrymple — Thu, 06 Sep 2012 19:18:33 +0000

Timely……watch this!
http://www.atlasshruggedmovie.com/atlas-shrugged-part-2-trailer?utm_source=MadMimi&utm_medium=email&utm_content=Watch+the+New+Atlas+Shrugged+Part+II+Trailer+Now&utm_campaign=20120906_m113443743_Watch+the+Atlas+Shrugged+Part+II+Trailer+Now&utm_term=Watch+the+Official+Atlas+Shrugged+Part+II+Trailer+now

By: Bob

Bob — Thu, 06 Sep 2012 14:53:49 +0000

@Iggy – I also think a major correction will take place before the end of the year. Watch out for October is my guess. A few Puts for January might be a good move.

By: Iggy Dalrymple

Iggy Dalrymple — Thu, 06 Sep 2012 14:46:59 +0000

The investment guru that I follow says to “keep your powder dry” right now. He predicts a big downward correction soon, both for stock market and commodities. He says that after the correction, when his computer model gives the go ahead, then will be the time to load up on stocks, commodities, and precious metals. He says that the heavy duty money printing hasn’t begun yet. He says that the big calamity will be the investment opportunity of a lifetime.

BTW, Lynas Corp (rare earth metals) shot up almost 50% yesterday.

By: brucefast

brucefast — Thu, 06 Sep 2012 14:30:29 +0000

Some pretend that a new government will fix it. It won’t. This is a massive, international, house of cards. When the wind blows in the wrong direction it’ll all come down.

It could be that LENR will produce the wind that topples it. However, blaming LENR or anything else for the resulting crash is silly. Debt is to blame. Debt and derivatives (whatever they are).