To rob a country, own a bank….loll

TheRealNews — March 19, 2010 — William Black, author of “Best way to rob a bank is to own one” talks about deliberate fraud on Wall St.

Elizabeth Warren: “Just Take It,” Said Hank Paulson to the Banks

Geithner, Kneale and The Impending Credit Collapse

Tribute to the Porcelain God: This economy should be making you sick

By The Ans

Ralphing up Dollars.

Lunch (revisited).

Upchucking for fun and profit.

Regurgitating Godot.

Tossing up dimes.

Losing dinner.

Why the subject line?

We are riding on the thinnest of the razor’s edge. One false move and over we go. Wheeee!!!

The 07/08 patch was a warning, we need to change our ways but yet, we don’t. The next patch won’t be so … tame.

Most sense it but can’t put their finger on it, others are well aware but spin their wheels chasing this or that nostrum on the net and finally just get acrimonious. This constant state of upset usually includes some gastronomical event(s).

Hence the tag line.

Me, I’m mildly amused.

Hey, we got our tickets punched, might as well watch the show. Besides that I liked lunch so I prefer to keep it. It never tastes as good the second time anyway.

Planet Finance..To put everything in order that’s happening all over the world…

Do your self a favor ~ watch this to help

put all the pieces of the puzzle together!!

~jude

~Please Watch~

http://www.pbs.org/video/program/1155680272/

Ted Butler – Extreme manipulation in the silver market

Geez no kidding..Like any of us are surprised..they will do whatever they have to

The Global Flu and How Distractions Work…

By rockingjude

The virus was aptly named the “flying pig flu” for a very good reason…It was manufactured in Amsterdam By Bakers who makes one of the vaccines for it. They took the virus H1N1 [commonly known as the bird flu] and mixed it with several different HUMAN flu viruses… When they inoculated a a guinea pig with the new mixed virus it died….Guinea pigs are not supposed to die from H1N1, thus the concoction was a success if one is looking for a new fatal virus[think aids]….The virus then “FLEW” somehow from Amsterdam to Mexico…

Worldwide Economy…

Economy

Wealthy to Be Targeted in Robin Hood Budget as Australia Enters Recession Australian Treasurer Wayne Swan will tonight unveil a Robin Hood-style budget, slashing tax breaks and welfare-payments to high-income earners as he tries to contain a record deficit amid the global recession.

Thoughts from a fellow Team-member

Look out the expiry has past, the dollar is broke up through $1.30 to the euro this morning. If the Fed doesn’t jump on it with both feet – I would be very surprised. Seems that they all like the $1.33 peg.

Mishkin was on CNBC this morning saying the banks will need more money because we don’t want to end up like Japan but without the savings. I should say not!

I think it is more likely that global community is looking for a bailout.

Funny how a bank will never take a loss.

Now, it is likely know that the deceleration of the velocity of money will cause credit contraction and some ‘good’ debt destruction as the corporations will pay off debt because they can’t roll the debt over. The down side is that they had built a ‘cash’ cushion back in 1999-2006 time frame and spent a lot of it in stock buyback schemes designed to support the corporations stock price (and not incidently, the value of compensation options).

So blame it on the housing bubble if you want to but the stock market merely reverting back to it’s mean because they stopped the decline in price by reducing the number of shares outstanding. Now, they can’t roll their debt, they have no cash for operational shocks and the shares are in the tank.

Don’t you just love it when a fancy suit cashs out just before the news hits the wire? The karmic b-slap is a real doozy though.