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lunar 07.08.2008 10:34

...ist zwar nicht taufrisch - dennoch scary :rolleyes

Coincidence or Confirmation?

By: Theodore Butler

-- Posted 28 July, 2008 | Digg This Article | Discuss This Article - Comments: 11


Big news recently is the world record loss in crude oil trading, taken by SemGroup, of Tulsa, Oklahoma, a large but mostly unknown oil pipeline, storage and trading company founded in 2000. To my knowledge, the reported $3.2 billion loss is the second largest commodity debacle ever, only behind the $6 billion loss recorded by Amaranth Advisers two years ago in natural gas.

What is remarkable is how little has been written about SemGroup’s loss. I realize that we have become numb to reports of multi-billion dollar losses, thanks to the mortgage and credit disaster. But it is still amazing to me that more attention has not been placed upon this oil trading loss, because it explains so much about the recent volatility in the price of oil. If there’s one concern ahead of the mortgage and credit crisis, it has to be the price of crude.

Given the recent fervor by elected officials to pin the blame for the unprecedented price moves in crude on speculators, I’m surprised that more observers are not making the connection between SemGroup’s actions and the big price move in crude oil. I thought the CFTC would be all over this major market event, but they instead announced, with great fanfare, charges concerning truly insignificant oil market violations. These events occurred more than a year ago and the dollar amount was a million dollars. The SemGroup’s loss was 3200 times more significant, yet neither the CFTC nor the NYMEX, where $2.4 billion of the loss reportedly occurred (the rest was OTC) have said a word about the 2nd largest commodity loss in history.

So, how do you lose $3.2 billion dollars in crude oil trading and how did that affect the price? The answer is with an obscene number of contracts on the wrong side of a rising market on the short side. That’s smack-dab where SemGroup was positioned, with more (and perhaps much more) than 100,000 short futures and options contracts.

The exact number of contracts that SemGroup actually held short has not been revealed. However, by dividing the total loss listed in bankruptcy filings and published reports, by a reasonable loss per barrel, it’s not hard to deduce the total number of short contracts held. To appreciate what a 100,000 contract position represents, it is the equivalent to 100 million barrels of oil, or more than every barrel produced and consumed in the entire world for a day.....

Discuss This Article - Comments: 11

full story: http://news.silverseek.com/TedButler/1217265595.php

lunar 07.08.2008 17:36

Honestly, I am looking for some advice on what to do…

-> Posted by cannuckgold @ 10:40 am on August 7, 2008
My entire retirement fund is exactly 1/2 of what it was 18 months ago…..what do I do? Sell now, or hold on until it is all gone……this is brutal…




...er ist (leider) nicht allein :(

lunar 07.08.2008 18:12

Reuters
Citigroup settles auction-rate probes, pays fine
Thursday August 7, 11:48 am ET

NEW YORK (Reuters) - Citigroup Inc (NYSE:C - News) agreed to buy back more than $7 billion of illiquid auction-rate securities and pay a $100 million civil fine to settle charges it marketed the debt fraudulently. New York Attorney General Andrew Cuomo and the U.S. Securities and Exchange Commission announced the settlement with the largest U.S. bank by assets.......

........... Citigroup's settlement could be a template for settlements by other companies that face civil charges over auction-rate debt. Regulators have accused Merrill Lynch & Co (NYSE:MER - News) and Swiss bank UBS AG (VTX:UBSN.VX - News) of fraud over the securities.....

full story: http://biz.yahoo.com/rb/080807/citi...rate.html?.v=12

...ist ja super - und was bekommen die Aktionäre :rolleyes:confused eins ums andere aufs Dach :bad:gomad 18.97 0.73 (3.71%) 12:05pm ET



**********************************************

Kommentar von Jesse:
07 August 2008

CITI Agrees to Pay Fines and Buy Back 7 Billion in Illiquid Misrepresented Securities

The AP headline below makes Citi sound like Saint Nicholas or Robin Hood doesn't it? Citi was caught with their hands in the cookie jar making consciously false claims for securites which they wished to unload on the public, and then attempting to obstruct justice by destroying evidence. They made their plea bargain to avoid the discovery process and criminal prosecution.

Look for all the other big banks involved to plead out as well. This was once again driven by the States attorney-generals. We wonder if Bernanke will be exchanging these auction rate securites for US Treasuries at par for Citi at the special customers window?

The wristslaps will continue until the victims wake up and do something or are bankrupt, whichever comes first.

lunar 07.08.2008 18:53

...das ist nur Dokumentation - keine Wertung

Turkestan Islamic Party Releases Olympics Threat Video

In this video, a previously little known group calling itself the Turkestan Islamic Party claims it carried out several fatal bombings in the country in recent months. The group's self-described military commander, Seyfullah, said it was responsible for incidents in Shanghai in early May and in the southern city of Kunming on July 21 that killed a total of five people. He also said the group had bombed a plastics factory in the province of Guangdong. Most ominously, he threatened to carry out further attacks during the Beijing Olympics, which are scheduled to open on August 8. Indeed, the video begins with Beijing's Olympic logo in flames and with a grainy image of a sports facility superimposed with an animated bomb blast.

http://www.liveleak.com/view?i=13a_1218125381



lunar 07.08.2008 19:53

:supi merci Hoka :)

Zitat:
Zitat von Hoka

Chapter Sixteen: Fuzzy Numbers


http://chrismartenson.com/fuzzy_numbers


lunar 08.08.2008 09:43

...wieder einmal ziemlich lang :schwitz.....ob es wirklich so schwarz kommt :confused:rolleyes schlimm ist diese in USA fabrizierte Gülle spritzt über den ganzen Planeten :mad

Path to the Printing Press



By: Jim Willie CB, GoldenJackass.com

-- Posted Thursday, 7 August 2008 | Digg This Article |


....A total systemic bank breakdown is close at hand, when the next larger and broader wave of mortgage defaults occurs......

......
Last midsummer in 2007, in the Hat Trick Letter reports, a warning was given that prime adjustable rate mortgages (ARM) would begin to default in one year. That is now, and the fabled Exploding ARMs, called officially Option ARMs, have indeed begun to default. The schedule of prime mortgage price began the reset process late last year, but have moved into high ground only this year. A few aspects are alarming, most importantly their size, at five times greater in volume than subprimes and Alt-A home loans. Price resets involve monthly costs rising at least 50% per month. In cases where triggers are hit for negative amortized loan balances having grown to 10% or 15% above the original balance, past interest and penalties are stacked atop new principal contributions to make for often a double or triple in monthly payment requirements! Default usually results, and for some, that prospect has led to some to abandon the homes, or even to halt making payments altogether.
In all, almost a half a trillion$ of ARMs will reset this year, vastly eclipsing the subprimes. Far too many are defaulting even before any adjustments, enough to scare the crapp out of bankers! Thoughts of banking system recovery and stabilization periods are pipedreams. The worst has yet to come, dead ahead. The bank losses will be at least triple the nearly $500 billion that has been suffered to date. Few analysts have factored in prime loan losses, let alone commercial loan losses, both next, both assured given the sickening rise in defaults. Focus must be given to how the 30-year fixed mortgage rates are now higher than when the USFed began to cut the funds rate in September 2007. Take this as a signal of rejection to monetary policy and failure by the central bank to reverse the risk environment........


.........QUICK CONCLUSION


The Untied States will soon find itself cornered, isolated, having burned the hands of those who offered timely aid and rescues. It is heading down a path to nationalize Fannie Mae, its broken and corrupt insolvent mortgage centrifuge. When just a few decent sized banks fall, the Federal Deposit Insurance Corp will go begging to the same USGovt window, one located far lower than any spot in the dry hot Mojave Desert. The FDIC will be resupplied by more USGovt funds, maybe even from banks healthy enough to cough up a few bucks. Far more banks are troubled than the 90 on the FDIC official watch list, which did not include IndyMac. The amount of uninsured funds in US banks is over $2 trillion. Hundreds of US banks are destined to go bust, according to less biased bank analysts, given in detail in the August report. The next rounds will include prime and commercial loans, whose volume will certainly push out almost $500 billion in more losses. At least double the current bank losses! The US financial system is a viper pit of interconnected collusion. The USFed, the Dept of Treasury, Wall Street firms, USGovt regulators, the debt rating agencies, the Securities & Exchange Commission, the Commodity Futures Trading Commission, and major financial networks are so tight, that when they speak, their buttocks squeak, since the nether region is where their words emanate from.......

full story: http://news.goldseek.com/GoldenJackass/1218121200.php

...............S

lunar 08.08.2008 10:28

VERLOGENE SPIELE

Olympia der Heuchler

Diktaturen wie China machen sich hübsch für den Prestigewinn durch Olympia. Die Geschichte lehrt, dass politische Veränderungen selten mit Sport erzielt wurden. Warum heucheln europäische Politiker trotzdem Engagement, wo keines möglich ist? Von Henryk M. Broder mehr... [ Forum ]


Schäuble :bad ---> "Die Chinesen scheinen einzusehen, dass Freiheit und Menschenrechte die beste Basis für eine gute Zukunft sind."

lunar 08.08.2008 10:42

8. August 2008, Neue Zürcher Zeitung
China jenseits von Olympia (Schluss)

Im Reich der Mitte sind viele etwas gleicher

Registrierungssystem diskriminiert Millionen von Wanderarbeitern

Über 160 Millionen Wanderarbeiter helfen, den chinesischen Wirtschaftsmotor am Laufen zu halten. Ein überkommenes Registrierungssystem macht sie im eigenen Land zu Gastarbeitern.

Wenn heute die Olympischen Sommerspiele feierlich eröffnet werden, so geschieht dies in Anlagen, welche von schätzungsweise 300'000 chinesischen Wanderarbeitern bisweilen «von Hand» erbaut worden sind. In Chinas grossen Städten hämmern, schleppen, malen, kochen und putzen Millionen von Arbeiterinnen und Arbeitern, die aus anderen Gegenden zugezogen sind. Die meisten sehen dies als Chance, weil sie so wesentlich mehr verdienen können. Doch der nicht vorhandene «Hukou», die fehlende permanente Niederlassungsbewilligung, macht sie zu Bürgern zweiter Klasse.....

.....Vorläufig trägt das Hukou-System dazu bei, dass in China viele etwas gleicher sind als andere......

ganzer Artikel: http://www.nzz.ch/nachrichten/wirts...r_1.801291.html



:gruebel Kommunismus (vom lateinischen communis = „gemeinsam“) bezeichnet das politische Ziel einer klassenlosen Gesellschaft :ironie :gomad
http://de.wikipedia.org/wiki/Kommunismus

lunar 08.08.2008 15:25

...da braut sich wieder etwas zusammen :rolleyes:gruebel ...und Gedächtnisschwund scheint verbreitet zu sein :mad ...und viele sind nicht mehr im Amt und Bush & Co. werden auch froh sein, dass ihre Zeit zu Ende geht - kann man nur hoffen, dass da wirklich durchgeriffen wird - auch wenn ich's nicht glaube:rolleyes

blayne (311 posts) Thu Aug-07-08 05:36 PM
Original message U.S. Attorney Scandal Probe Enters White House Circle


Source: The Huffington Post

The Justice Department investigation into the firings of nine U.S. attorneys has been extended to encompass allegations that senior White House officials played a role in providing false and misleading information to Congress, according to numerous sources involved in the inquiry.

The widened scope raises the possibility that investigators will pursue criminal charges against some administration officials, and recommend appointment of a special prosecutor if there is evidence of criminal misconduct.

....

People close to the investigation say that the investigators' final report will not only examine the reasons and circumstances behind the firings of the nine U.S. attorneys, but efforts by senior Justice Department and White House officials to mislead the public and Congress about the firings:

"It will be as much about the cover up as about the firings," said one former senior Justice Department interviewed at length because of his personal role in the firings. This source believes the investigators "are going to tell a narrative, and they have taken their investigation right into the White House."

If the IG and OPR believe that there is evidence of potential criminal wrongdoing, or evidence of wrongdoing by officials outside its jurisdiction altogether, they can recommend that the Justice Department initiate a criminal investigation.

....

One senior Bush administration official told me that White House staffers talk about their "nightmare scenario" in which any one of the three currently internal DOJ probes "spins out of control" and leads to the appointment of a special prosecutor with broad authority.

Read more: http://www.huffingtonpost.com/2008/08/07/white-house-ni...

lunar 08.08.2008 21:16

KAUKASUS- KONFLIKT

Tausende fliehen vor Gefechten in Südossetien

Leichen liegen auf den Straßen, Menschen kauern in Bunkern - und wer kann, bringt sich in Sicherheit: Die russisch-georgischen Kämpfe in Südossetien treiben Tausende in die Flucht. Das Ausland drängt auf einen raschen Waffenstillstand. Doch Georgien holt Soldaten aus Afghanistan und dem Irak zurück an die Front. mehr... [ Video | Forum ]





Olympia in China – Krieg im Kaukasus
Tagesspiegel - vor 1 Stunde gefunden
Der russische Präsident Dmitri Medwedew und Ministerpräsident Wladimir Putin, der an der Eröffnungsfeier der Olympischen Spiele in Peking teilnahm, ...

lunar 10.08.2008 13:02



THE PIPELINE WAR

.....wie bei allen letzten Kriegen - es geht ums Öl und Macht :bad ....und Geld natürlich :mad

Silverbay 10.08.2008 13:37

Sektorenwechsel ...
 
Hi lunar,

kannst Du Dich einmal um den Verdacht bemühen,
dass Israel " Militärberater " in Georgien eingesetzt
hat, und die USA incl. der EU mehr als strategische
Hilfeleistungen zur Equipage von Saakaschwili bei-
trugen ?

Mir scheint, dass sich Georgien als Bauernopfer im
Interesse der westlichen Hegemonien missbrauchen
lässt, um auf perfiden Umwegen incl. Zivilopfer zur
Provokation des Putin-Regimes – dass es wohl trotz
Dmitrij Medwedjew noch ist – beizutragen.

Wird interessant, wie die Oil Futures reagieren, da
jeder von der « Baku-Tbilisi-Ceyhan Pipeline »
( s. Publikation v. Svante E. Cornell, Mamuka Tsereteli
und Vladimir Socor
) als mögliches Kalkül spricht, um
den Russen ein Oil-Argument vorzuwerfen, dass Sie,
meiner Ansicht, gar nicht benötigen ...

p.s.

Die Präsenz von Bush jun. in Peking ist doch mehr als
supekt – ... der persische Golf wird gerade durch eine
Armada von Blech geflutet, die seit Jahrzenten seines
Gleichen sucht.

lunar 10.08.2008 18:51

Silverbay :)

...um da eine Beurteilung bilden zu können, müsste ich viel mehr wissen - ich lese und höre auch nur, was jederman zugänglich ist - vielleicht hast Du ja diesen Bericht auch gelesen ---> http://www.radio-utopie.de/2008/08/...ldaten-im-land/
allerdings wie zuverlässig solche Artikel sind :gruebel



hier noch mehr: http://www.nzz.ch/nachrichten/inter...u_1.801914.html
http://www.focus.de/politik/ausland...aid_323744.html

:schwitz nachdem ich jetzt etwas gestöbert habe :schwitz da gibt's so viele Ansichten :rolleyes ich kann mich nur wiederholen --->
.....wie bei allen letzten Kriegen - es geht ums Öl und Macht :bad ....und Geld natürlich :mad

und jeder versucht jetzt diesen Krieg für seine eigenen Ziele/Zwecke zu benutzen (unter anderen auch Herr McCain :rolleyes) ....schrecklich ist, dass es immer die Zivilbevölkerung am härtesten trifft :(



Silverbay 10.08.2008 19:34

Merci ...
 
.

... das mit dem ehemaligen CEO von Halliburton ist
mir schleierhaft, wie diese unmittelbare Verbindung
als Vize fungieren darf. – Angeblich sei die company
sogar bereits gut im oil business ... im Iran !

... dies wahrscheinlich, um die Target-Positionen zu
recherchieren

:p

lunar 10.08.2008 21:49

09 August 2008

Your Weekend Read on a New School of Economic Thought


Since its August and she-who-must-be-accommodated is on holiday leaving us to fend for ourselves, we don't mind accomplishing the task of illuminating the flaws in the financial system for this weekend not by our own hand but by recommending an excellent essay from The London Banker.

As we have said many times before, (before you started nodding off, or thinking about the Olympics, or most likely just kicks, bangs, and thrills of the bellybutton and below), a new school of economic thought is scheduled to arise from the ashes of the economic conflagration in which are we are presently engaged, three hundred point up days in stock markets to cheer the mob notwithstanding.

The London Banker sets the scope for this new school of economic thought in his essay.

An appetizer and then the link to the repast. Enjoy.
It should be obvious that the financial sector, as intermediaries between savers and productive ventures requiring capital, should never rise to the point where it alone represents over thirty percent of economic activity. Nonetheless, markets all over the world carelessly followed the path of under-production, dis-savings and over-consumption as the path to prosperity rather than a betrayal of capital into hopelessly unproductive works...

Regulatory policies promoting misallocation of capital included elimination of restrictions on bank dealing and brokerage of securities and derivatives, self-determined models-based capital adequacy calculation, ratings-based weightings of capital assets, accounting reforms that permitted off-balance sheet financings and acceptance of ill-transparent corporate structures....

If the core problem leading to the current seizure of the credit markets is the misallocation of credit into unproductive works during the boom years, then no amount of new credit will solve the problem unless the distortions promoting misallocation are redressed through fiscal and regulatory policy changes. Bailouts and recapitalisation of failed policies of the past are only digging a deeper hole, betraying more capital of younger generations into the unproductive works financed by the current generation.
Snake Oil and Deflation by The London Banker


Posted by Jesse at 1:06 AM

32 comments: (....zu dem Original)

Peter J. Bolton said... LB, with respect, I find your post article to be somewhat apologetic: I don't accept that as an excuse, as there have been too many formal warnings and objections over the past years and decades and even so, the banking elite , the politicians and the bureaucrats (the priest classes) have pressed on - always at the expense of those always available (involuntarily) to pay; the public or unwashed masses.

Screw this- I am angry as now the lobbying bankers (financial industry elite) having access to those that pretend to represent, convince same, to continue the rape, pillage and plunder; which in the end destroys civilization; that it is they and they alone that must, a priori, survive, intact, while at the same time, continue to profit.

I like the hanging tree and the guillotine ideations - las banditos have had their day - it is time for justice.

On the side of reality and this really bothers me - there is still no talk of a re-build?

So, and again, screw the bankers, the politicians and the bureaucrats; it is time for revolution or, to etymologically define this term, it is time to "Grace the Word of God"! Vivre La Revolution.

PeterJB

08 August 2008 04:09

lunar 10.08.2008 22:48

Zitat:
Zitat von Silverbay

... das mit dem ehemaligen CEO von Halliburton ist
mir schleierhaft, wie diese unmittelbare Verbindung
als Vize fungieren darf. – Angeblich sei die company
sogar bereits gut im oil business ... im Iran !

... dies wahrscheinlich, um die Target-Positionen zu
recherchieren

:p

Halliburton operates in Iran despite sanctions

How do U.S. contractors legally do business there?


By Lisa Myers & the NBC investigative unit
updated 12:24 a.m. ET March 8, 2005

It's just another Halliburton oil and gas operation. The company name is emblazoned everywhere: On trucks, equipment, large storage silos and workers' uniforms.

But this isn't Texas. It's Iran. U.S. companies aren't supposed to do business here.

Yet, in January, Halliburton won a contract to drill at a huge Iranian gas field called Pars, which an Iranian government spokesman said "served the interests" of Iran.

"I am baffled that any American company would want to have employees operating in Iran," says Sen. Susan Collins, R-Maine. "I would think they'd be ashamed."


full story: http://www.msnbc.msn.com/id/7119752/


....they'd be ashamed." (...dann müssten die ja erstmal wissen was das ist :mad)

Halliburton in Iran

Cheney's Company Rebuffs NYC Pension Fund's Concerns About Terrorism

By JASON LEOPOLD

Halliburton Corp., the oil field services company once headed by Vice President Dick Cheney, told the New York City Comptroller's office Monday that it won't scale back its business dealings in Iran, despite concerns from the City's Comptroller William Thompson about "corporate ties to states sponsoring terrorist activity," which could force the New York City Police and Fire Department pension funds to pull its $23 million investment in the company.....

.....Halliburton has been a lightning rod for criticism by Democrats in Congress ever since it won a multibillion no-bid contract to rebuild Iraq's infrastructure after the war started there in March. Last week, Congressman Henry Waxman, D-California, accused Halliburton of gouging U.S. taxpayers by charging inflated prices to import gasoline into Iraq. Hall vehemently denied the accusation and Halliburton's Chief Executive, David Lesar, sent an email to the company's employees urging them to write to their local newspapers to tout Halliburton in a favorable light as a result of the negative publicity.......

full story: http://www.counterpunch.org/leopold10282003.html


:bad :bad

lunar 11.08.2008 08:20

..ist auch beim Güldenen ;)


Jive Dadson
Registered User
:verbeug


Exchange Stabilization Fund

Introduction
The Exchange Stabilization Fund (ESF) consists of three types of assets: U.S. dollars, foreign currencies, and Special Drawing Rights (SDRs)1. The financial statement of the ESF can be accessed through the links on the right hand side to either "Latest Financial Reports" or "Finances & Operations."

The ESF can be used to purchase or sell foreign currencies, to hold U.S. foreign exchange and Special Drawing Rights (SDR) assets, and to provide financing to foreign governments. All operations of the ESF require the explicit authorization of the Secretary of the Treasury ("the Secretary"). :rolleyes

The Secretary is responsible for the formulation and implementation of U.S. international monetary and financial policy, including exchange market intervention policy. The ESF helps the Secretary to carry out these responsibilities. By law, the Secretary has considerable discretion in the use of ESF resources.

The legal basis of the ESF is the Gold Reserve Act of 1934. As amended in the late 1970s, the Act provides in part that "the Department of the Treasury has a stabilization fund …Consistent with the obligations of the Government in the International Monetary Fund (IMF) on orderly exchange arrangements and an orderly system of exchange rates, the Secretary …, with the approval of the President, may deal in gold, foreign exchange, and other instruments of credit and securities."

Those "Special Drawing Rights" are IMF fiat money. This looks too big to be just the US Treasury. But maybe not. Just a gut feeling.

[Color added - Jive]

....also läuft's wie es den Amis passt :bad es sei denn, einigen andern geht doch noch ein :licht auf

lunar 11.08.2008 08:31



http://www.treas.gov/press/internat...e-position.html

Silverbay 11.08.2008 09:08

Merci Lunar,
 
wir dürfen uns dann nicht überraschen lassen,
wenn die von Hally installierten " nukes " als
Grund der Bedrohung angesehen werden ...

Iran ist jedoch eine Schach-Nation und Bobby
Fischer, wie bekannt, konvertierte – oder, ...
doch KGB Agent ?


In Georgien scheint es zu einem Sturz von
Mikheil Saaskashvili zu kommen, der noch
kürzlich von demokratischen Regierungs-
vertretern anerkannt und hofiert wurde.

Lässt man ihn fallen ?

lunar 11.08.2008 10:23

martonia (GoldeitenForum)

Freitag, 8. August 2008, 13:57

Zoll durchsucht innerdeutsche Päckchen....
Hallo,

ich habe hier von einem Forummitglied etwas EM gekauft. Seltsam war nur, dass das Paket vom Zoll geöffnet wurde, nein nicht nur das Paket, sondern auch das "interne" Paket in dem die EM ordentlich verpackt waren.... Das Paket ging von Süddeutschland nach Berlin....

Ist das Standard? oder war das jetzt einfach nur Zufall?

Hat jemand ähnliche Erfahrungen gemacht?

Würde mich mal interessieren....

Da es mir ja eh niemand glaubt.... ich kann es ja auch kaum glauben - hier das Foto vom Paket....
»martonia« hat folgendes Bild angehängt:



....wird ja immer besser :grrrr

lunar 11.08.2008 11:06

LOST SOVEREIGNITY

OIL-RICH FUND EYEING FORECLOSED US HOMES


By TERI BUHL


Posted: 4:19 am
August 10, 2008

There's a new land grab starting in America.

Foreign money, which up to now has focused its attention on investing in iconic commercial real estate - like Barneys New York and the Chrysler Building - is now moving to scoop up tens of thousands of discounted foreclosed homes across the country.

One sovereign fund, said to have earmarked $29 billion to purchase foreclosed residential real estate, recently hired a West Coast mortgage broker and is starting to search for bargains, The Post has learned.

The search, which is being carried out, in part, by Field Check Group mortgage consultant Mark Hanson, who was retained by the broker, Steve Iversen, is concentrating on single- and multi-family REO (real estate owned) homes, or homes that have already been taken over by the mortgagee.

Neither Iversen nor Hanson would disclose the name of the client, but sources told The Post it's a sovereign fund.

The unidentified fund joins individual US investors, hedge funds and Wall Street banks in kicking the tires of REO homes, which have fallen in value so much that they are now tempting investments.

A sovereign fund would have two distinct advantages over other investors - the depressed value of the US dollar makes the homes a bargain, and sovereign funds have deeper pockets.

The sovereign fund of Abu Dhabi, for example, has a reported $875 billion in assets, while Norway has $391 billion, Singapore has $303 billion and Kuwait has $264 billion in their sovereign funds, which are funded by proceeds from oil sales...

full story: http://www.nypost.com/seven/0810200...nity_123879.htm


...Ausverkauf der Heimat :rolleyes

lunar 11.08.2008 11:52

Jesse's Café Américain

10 August 2008

The Fog of War Descends on the Oil Rich Caucasus
"Give me the money that has been spent in war and I will clothe every man, woman, and child in an attire of which kings and queens will be proud. I will build a schoolhouse in every valley over the whole earth. I will crown every hillside with a place of worship consecrated to peace." Charles Sumner
The spark for the start of the first World War was the assassination of Archduke Ferdinand in Serbia, although the friction amongst the great colonial empires provided the fuel. One of the precursors to the second World War was the Spanish Civil war in which the fascists and the republicans engaged in some preliminary exercises, although it was the German incursion into Poland that unleashed the dogs of war.

In all these instances the large multinational bankers were actively supporting both sides. It is a shocking fact that both British and American banks continued to do business with the Nazis even after the War was well underway. Banking with Hitler - BBC War can be surprisingly good for business, especially if natural resources are on the table, and big money often knows no sides. From an economic point of view, war is just another means of impoverishing the many in order to enrich the few.
The Russians contend that Georgia has provoked this conflict. Georgia is an ally of the United States, and has been seeking NATO membership, although that has been deferred by a Europe not seeking to provoke Russia. It is the largest contributor of troops to Iraq after Britain. Israel is said by Debka.com to be supporting the Georgians with military advisers.

This incursion was interestingly timed with the start of the Olympics. This appears to be a tactical strike designed by someone to change the profile and balance of the oil resources and pipelines in the region. It would be incredible to assume that Georgia had not informed the US of its intentions beforehand, considering we have troops based there, although anything is possible with regard to who fired first. This may be 'blowback' from a Russia that has been increasingly pressured by the US. On the other hand it may be a last provocation from the neo-cons and Bushco. The 'fog of war' is descending rapidly.

Watch this one closely for signs of escalation and spillover, and any impact on the oil markets. We cannot illuminate the good from the bad, the provacateurs from the responders. But we can see trouble, and this on has heavy implications for oil.Sometimes tactical actions can get out of hand and gain momentum.

Timeline of the Georgian - Ossetian - Russian Tensions
"In war the first casualty is the truth." Aeschylus
"When the rich wage war it is the poor who die." Jean-Paul Sartre
"War hath no fury like a noncombatant." Charles Montague
"Every gun that is made, every warship launched, every rocket fired signifies in the final sense, a theft from those who hunger and are not fed, those who are cold and are not clothed. This world in arms is not spending money alone. It is spending the sweat of its laborers, the genius of its scientists, the hopes of its children. This is not a way of life at all in any true sense. Under the clouds of war, it is humanity hanging on a cross of iron." General Dwight Eisenhower
"Battle not with monsters lest ye become one; for when you look into the Abyss, the Abyss looks into you." Friedrich Nietzsche
"Throughout history, it has been the inaction of those who could have acted; the indifference of those who should have known better; the silence of the voice of justice when it mattered most; that has made it possible for evil to triumph." Haile Selasssie
How fortunate for leaders that men do not think. Adolf Hitler
Posted by Jesse at 12:18 PM

lunar 11.08.2008 19:11

...nicht scary - aber :cry

11.08.08, 12:15

US-Soulstar Isaac Hayes im Alter von 65 Jahren gestorben

...

http://afp.google.com/article/ALeqM...nUEqVcEEzUhHeKQ

lunar 12.08.2008 08:49

Benson's Economic & Market Trends
How Much Will Government Bailouts Actually Cost the American Taxpayer?


Richard Benson
Aug 12, 2008


Over the last eight years, we have watched in horror as a two-term Republican Administration furthered programs that have effectively thrown lit sticks of dynamite into our American factories. These programs have dismantled entire industries in the United States and encouraged their growth in China and elsewhere in Asia because of cheap labor. Also, during this time the illusion of prosperity was maintained by a Greenspan Fed as interest rates were cut to record lows, and a disastrous housing bubble was created. Americans were so seduced by home ownership that they bought houses in a frenzy that they couldn't afford, and then borrowed against them. In addition, under the Administration's policies, the value of the dollar has been trashed, and commodity inflation has robbed workers lucky enough to still have jobs.

As the unprecedented credit crisis continues into its second year, it's becoming crystal clear that the American economy is slipping into the worst post-WWII recession on record. It's even beginning to dawn on third and fourth generation Wall Street Republicans that if the average American doesn't have a good job (much less any job), they won't be able to pay their mortgage, auto loan or credit card.....

......
Federal Deposit Insurance Corporation: The FDIC and Controller of the Currency are directly inside the US Treasury. The FDIC has already started mopping up bad banks and merging their deposit-gathering branches into the surviving banks. It's estimated that just the Indy Mac failure alone will cost the FDIC at least $5 billon (or ten percent of its loss reserves of about $50 billion). Even if a large portion of the bad single-family mortgage debt can be pushed back into the FHLB or over to Fannie Freddie, total losses on construction, commercial properties and consumer loans will easily cost the FDIC, and therefore the US taxpayer, $100 billion. What's really scary is that the head of the FDIC has told Indy Mac not to foreclose on delinquent homeowners until the loans are 300 days past due. If the government encourages people not to pay their mortgages and live rent free at our expense, we'll need to increase the expected FDIC bill to the American taxpayer to $150 billion........


......With a record number of homeowners considering whether to live free for 300 days by skipping their mortgage payments, imagine the cash gap that will open up between the cash that comes into Fannie & Freddie from mortgage payments, and the cash that must go out to cover the GSE security payments. For the government, it is more important to spread the losses into the future than to minimize them. Losses on defaulted mortgage loans at the GSEs will be horrible. Put the bailout cost at $300 billion.

Let's tally it up (see table below):

The financial institution bailouts and the government taxpayer bailouts are looking more like socialism every day. I suspect that when we look back at this time in history four years from now, and marvel at the great increase in government ownership and socialism imbedded in the economy, we will have the Bush Administration to thank for sending us down the road to economic serfdom.

Aug 11, 2008 - Richard Benson
full story: http://www.321gold.com/editorials/b...nson081208.html

....scheint uferlos zu sein :rolleyes:(

lunar 12.08.2008 13:02

bei DU gesehen - merci
 
.

lunar 12.08.2008 13:55

Demeter (1000+ posts) Tue Aug-12-08 07:25 AM
Response to Original message 12. Ha! First Rec and a Great Good Morning to You, Ozy!

Last night I learned in emergency meeting that if you want a mortgage today, you can only expect a 5 year ARM. Evidently, nobody's prepared to go long on a mortgage in Michigan--not even 15 years, not even with 60% down and healthy credit.

If that doesn't speak about the state of the economy, nothing does.

lunar 12.08.2008 14:04

MEXICO UNDER SIEGE
U.S. guns arm Mexican drug cartels

By Richard A. Serrano, Los Angeles Times Staff Writer
August 10, 2008
SIERRA VISTA, ARIZ. -- High-powered automatic weapons and ammunition are flowing virtually unchecked from border states into Mexico, fueling a war among drug traffickers, the army and police that has left thousands dead, according to U.S. and Mexican officials.

The munitions are hidden under trucks and stashed in the trunks of cars, or concealed under the clothing of people who brazenly walk across the international bridges. They are showing up in seizures and in the aftermath of shootouts between the cartels and police in Mexico.


More than 90% of guns seized at the border or after raids and shootings in Mexico have been traced to the United States, according to the U.S. Bureau of Alcohol, Tobacco, Firearms and Explosives. Last year, 2,455 weapons traces requested by Mexico showed that guns had been purchased in the United States, according to the ATF. Texas, Arizona and California accounted for 1,805 of those traced weapons.....
.....more than 4,000 people in Mexico have died in drug-related violence, including 450 police officers, soldiers and prosecutors, as well as innocent bystanders, cartel members and corrupt officials, according to Mexican authorities......
.....More than 6,700 licensed gun dealers have set up shop within a short drive of the 2,000-mile border, from the Gulf Coast of Texas to San Diego -- which amounts to more than three dealers for every mile of border territory. Law enforcement has come to call the region an "iron river of guns.".....

....toller Ami-Export :bad

lunar 12.08.2008 14:14

Rick Santelli :supi zum US-trade-deficit

".....we get plasma-tvs, cars, PCs and, and, and.....and they get paper"

http://www.americaneconomicalert.org/ticker_home.asp

Silverbay 12.08.2008 14:45

Santelli ...
 
.


... for president !



;)

lunar 12.08.2008 15:59

Silverbay :) er wäre sicher einer der besseren ;)

***********************************************************

....das ist nur damit es später gecheckt werden kann ;) falls es dann noch gefunden wird :rolleyes (keine Wertung)

kiwi_envoy
Silver Member

Quote:
Originally Posted by
marmite
What do you mean by " dark pools " ????

-----------

In other words, there is no rate of destruction of capital (i.e., exchange units) at this point that will ever wipe out the over supply in the system; even if the price of all the trillions of US government exchange unit based dollars and dollar-bonds in circulation went to zero there would still be trillions worth of worthless exchange units left over hiding in the 'dark pools,' back alleys and unreported accounts of the Fed, JP Morgan, Goldman and the rest of the financial alchemists who have incinerated America's economy.


Predictions:

1) The price of gold and the Dow Jones will reach parity between 4,000 and 5,000 (i.e., gold will trade between $4 - 5,000 as does the Dow Jones Industrial Average).

2) America's sovereignty, as defined as percentage ownership of American financial assets, principally U.S. government bonds (soon to no longer be rated AAA), will be mostly in the hands of foreigners.

3) China will buy Fannie Mae and Freddie Mac and in so doing become America's biggest land lord.

4) Very few of the current Bush administration, family, and close associates will be living inside U.S. borders within 6 months after leaving office.

5) The Presidential election in November will be delayed due to a global financial crisis.

6) The U.S. military in Iraq and Afghanistan will start to run out of money and be left to get out on their own resulting in American mercenaries hiring groups like the Taliban to escort them out of the region, with Bin Laden getting a commission on each deal.

7) Russia will emerge as the new power broker in a post-America world restoring financial order between America, the largest debtor in the world and China, the largest creditor in the world.

http://www.huffingtonpost.com/max-ke..._b_114197.html
__________________

lunar 12.08.2008 16:20

Beijing Olympics: Faking scandal over girl who 'sang' in opening ceremony

Chinese officials have admitted deceiving the public over another highlight of the Olympic opening ceremony: the picture-perfect schoolgirl who sang as the Chinese flag entered the stadium was performing to another girl's voice.

By Richard Spencer in Beijing
Last Updated: 1:59PM BST 12 Aug 2008

The girl in the red dress with the pigtails, called Lin Miaoke, 9, and from a Beijing primary school, has become a national sensation since Friday night, giving interviews to all the most popular newspapers.

But the show's musical designer felt forced to set the record straight. He gave an interview to Beijing radio saying the real singer was a seven-year-old girl who had won a gruelling competition to perform the anthem, a patriotic song called "Hymn to the Motherland".

At the last moment a member of the Chinese politburo who was watching a rehearsal pronounced that the winner, a girl called Yang Peiyi, might have a perfect voice but was unsuited to the lead role because of her buck teeth......

full story: http://www.telegraph.co.uk/sport/ot...g-ceremony.html


...beschissen wird ja immer und überall - ich finde es dennoch traurig, dass man so kleine Mädchen "missbraucht" - eines ist begabt und darf wegen einer völlig natürlichen Zahnstellung sein Können nicht zeigen - das andere muss sich mit fremden Federn schmücken :mad Schaden nehmen sicherlich beide :(

lunar 12.08.2008 17:21

August 11, 2008

Which Olympic event do you suppose this is?


:rolleyes

Silverbay 12.08.2008 19:37

Olympics ...
 
.


shooting democrats ... ?

but failed targets.




.

lunar 12.08.2008 22:13

US-Justiz geht gegen weitere Banken vor

11. August 2008
20:07

New York - Nach milliardenschweren Ausgleichszahlungen von Großbanken an Privatanleger weitet die US-Justiz ihr Vorgehen gegen die Finanzbranche nochmals aus. Der New Yorker Generalstaatsanwalt Andrew Cuomo kündigte am Montag Untersuchungen bei den US-Banken J.P. Morgan Chase, Morgan Stanley und Wachovia an. Nach massivem Druck der Behörden hatte in der vergangenen Woche die Schweizer Großbank UBS neben anderen Finanzhäusern dem Rückkauf spezieller Auktions-Anleihen für allein 18,6 Mrd. Dollar (12,5 Mrd. Euro) zugestimmt....
http://derstandard.at/?url=/?id=1216919080881

...bin gespannt ob GS auch mal in die Mange genommen wird :gruebel die haben sich ja eine goldenen Nase geholt mit ebenso unfairen Geschäften :rolleyes
oder hält Herr Paulson sein schützendes Händchen drüber :mad





...zumindest sie scheint balls zu haben :supi (...auch wenn ich das Zebra an der Wand nicht so super finde :rolleyes)

http://i.l.cnn.net/money/2008/08/04..._whitney.03.jpg
"I feel like I'm at the epicenter of the worst financial crisis in history," says Meredith Whitney, at home in New York City.

lunar 12.08.2008 22:50

....hmmmm - es wird ja viel geschrieben wenn der Tag lang ist :rolleyes:gruebel

8 Ways to Profit if OPEC Dumps the Dollar

by: Money Morning posted on: August 12, 2008


Iranian President Mahmoud Ahmadinejad dropped a bombshell. And while it wasn’t a nuclear one, it might as well have been.

He stated on the record at a rare gathering of the heads of the Organization of Petroleum Exporting Countries [OPEC] member nations have expressed a real interest in converting their cash reserves from the beleaguered U.S. greenback to the European euro. More specifically, Ahmadinejad referred to the U.S. dollar as "a worthless piece of paper."....

.....The Fallout From a Falling Dollar

First, OPEC members have long grumbled about the falling dollar and taking payment in euros. This is nothing new. In fact, China already pays for Iranian oil in euros, so Ahmadinejad’s desire to get away from the dollar is hardly unexpected given how much he already banks on the deal. Neither is the fact that both Venezuela and Russia have joined the "euros-for-oil" party, as have Libya, Indonesia and Malaysia, I believe.

But what represents a stark change from past posturing is that this time there was no reassuring voice from countries like Saudi Arabia and Jordan, who have traditionally been our allies in keeping the petrodollar relationship intact since the early 1970s.......

Original post
full story: http://seekingalpha.com/article/905...umps-the-dollar

lunar 13.08.2008 09:20

merci @Eldo (GoldseitenForum)
Hier ein neues Jim Rogers Interview...

http://www.radio.goldseek.com/rogersplayer3.php

....auch wenn vieles bekannt - ich hör ihn immer wieder gerne - er sagt so deutlich mit wem wir es zu tun haben :rolleyes

lunar 13.08.2008 09:31

UBS chiefs knew of rule breaches

By Haig Simonian in Zurich

Published: August 13 2008 00:05 | Last updated: August 13 2008 00:14


Senior executives at UBS, the Swiss bank being investigated by US authorities, knew some of their bankers had acted in a way that meant they risked breaching American securities laws at least a year before the US inquiries began, a letter seen by the Financial Times shows.

The May 2006 letter, now in the hands of the US Department of Justice, was written by Peter Kurer, UBS chairman and then the bank’s general counsel, and copied to Marcel Rohner, then head of private banking and now group chief executive, as well as Lawrence Weinbach, a UBS director who sits on the board’s audit committee.

http://www.ft.com/cms/s/1400cc34-68...com%2Fcompanies

....überall das gleiche :bad

lunar 13.08.2008 15:11

Rule of Law!!

This morning, in regard to the U.S attorney hiring scandal and the politicalization of the so called Justice Department, the U.S. Attorney General and Bush nobgobbler Michael Mukasey told the ABA that breaking the law is not a crime, unless it is. Or whatfuckingever:
“Not every wrong, or even every violation of the law, is a crime. In this instance, the two joint reports found only violations of the civil service laws.”
“Tough on crime” sure ain’t what it used to be, huh?
Like “having to go through a trial and be convicted” was punishment enough for Scooter Libby’s obstruction of justice. Those hard-assed rule of law Republicans… too bad a blowjob wasn't involved.
Coming soon: A sternly worded letter for Dems
Has our entire nation gone completely mad? Never mind, stupid question.

Posted by Undeniable Liberal at 8/12/2008

http://news.yahoo.com/s/ap/20080812...mukasey_lawyers



lunar 13.08.2008 16:28

Wed Aug 13, 5:10 AM ET

A fireman walks through a lobby soaked with water at Apple headquarters in Cupertino, Calif., early Wednesday, Aug. 13, 2008. Firefighters battled a three-alarm fire that started late Tuesday, Aug. 12, 2008.

http://news.yahoo.com/s/ap/20080813...e_us/apple_fire

lunar 13.08.2008 17:54

;):hihi (obwohl es ja eigentlich nicht zum lachen ist :rolleyes)

AuBull :verbeug
Member

... one month .... The Commods .... wow, what a hit ... enjoy it while ya can, ya poor wretched sheeple ... soon, you'll line up fer cornflakes and you'll be eatin' yer Dunlop tires ... oh my, ya think I was bein' too negative? ... I gotta take that Warm 'n Fuzzy course ...



Aktuelle Uhrzeit 17:11

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