2009 09 01 Flying On Air

China threatens to repudiate derivatives contracts and the market floats on air - until today, when suddenly the fake "buying" (that is, computer passing of shares back and forth) in bankrupt firms (AIG, Fannie and Freddie specifically) disappears in a puff of smoke and oops - down she goes!

Why do Americans allow this sort of blatant rip-off to continue?

Category:

News & Politics

Tags:

• Market Ticker
• Tickervideo

[Lexi8888]

You, Mr, Denninger and a few others make UTube a great source of creditable information. Many thanks.

[OmarThePug]

Looks like somebody whipped out that Chinese made weed wacker at those green shoots!

[johny344]

I like this guy, just subsribed.

[atlgothchick]

I love this guy!! Been following him for a long awhile. Very intellegent and insightful.

[carmenlee87]

Why is there no talk of this on the news?

[RoberTastic]

dont knock the bink sheet ramp-ups..I am 50k shares avg .01 with thornburg mortgage!

[dcbama3209]

Its over folks AmeriKKKa is done for real this time!

And just to show you how done AmeriKKKa is:

"The national flag of the People's Republic of China (PRC) will be hoisted at the South Lawn of the White House in Washington on September 20, media reported Sunday.

Chinese associations in the United States had applied to hold a ceremony in front of the US Presidents residence to celebrate the 60th anniversary of the founding of PRC."

Look for a major false flag soon. Oct. Surprise!

[dcbama3209]

"NEW YORK (AFP) Gold prices surged to levels approaching 1,000 dollars per ounce Thursday amid caution by financial market players and worries about the gaping US budget deficit."

"you have a lot of investors starting to pull some of their investments out of the equity market (and buy) gold, because they may think stock markets have run their course, they're starting to lose momentum."

"This is exactly the type of market environment that could attract demand from China and Russia"

[dcbama3209]

"China to buy first IMF bonds for US$50b"

"IMF managing director Dominique Strauss-Kahn and the deputy governor of the People's Bank of China, Yi Gang, signed the agreement on Wednesday at IMF headquarters in Washington, the multilateral institution said. "

"Under the agreement, the Chinese central bank "would purchase up to SDR 32 billion (around 50 billion dollars) in IMF notes," it said. "

[MzProgressive]

Many thanksChena3!

Okay now this makes PERFECT sense as to why the Dow dove 185 pts early in the week, and Gold touched 1K, while silver spot rose $2 since Monday.

Stock up folks, it could be a bumpy ride.

[MzProgressive]

Now is a good time to buy a water bath canner and "put up" some of those cheap (and fresh!) veggies - better to learn how to can now than when/if supplies to effect same are non-existant.

I'm in the "Garden State" and shop several of the local weekly farmers markets all summer. Usually it's not much cheaper (or is actually more expensive) than the chain grocery stores, but the quality is far superior.

Peace to you and yours!

[beltane3]

hoping Karl or someone can answer this..the trading of Lehman Brothers and Wash Mut pink sheet stock doesn't make sense unless...unless the intangible of the names of those corps has value. sure, the common stock is worth 0, but the trademark Lehman Brothers still has value..so if you own all the common stock, do you own that trademark [or major mark]? If, after bankruptcy, new unencumbered shares are issued, the value of the new shares would be the new, unencumbered assets and the name..??