Comments on Market Skeptics: *****Dark Pools And Insider Trading Growing On Wal...

There's only 300 million oz of above ground silver...

2009-06-09T04:31:18.393-07:00

There's only 300 million oz of above ground silver in the world today.

@numonic Q: Why cant some rich people not shift a...

2009-06-09T01:09:39.092-07:00

@numonic

Q: Why cant some rich people not shift a part of their money to gold/silver? Because it is in illiquid form (stocks, bonds)? or because they know they would encourage the collapse of the PM market? or something is miss?

Q: There is less (stored) silver available in the world then the yearly production and much less than gold? So far I could read, the silver consumption is higher than the production... how would you rate the dynamics of silver? Its quite high in use in medical applications.

I watched that Mish video and he is full of $hit. ...

2009-06-08T18:49:16.521-07:00

I watched that Mish video and he is full of $hit. I agree with him that there is massive deleveraging going on but he refuses to admit that rising borrowing costs will be passed on to consumers. I thought there was going to be mention of the rising treasury bond yields and how it contradicts his "flation" table which says that in times of defaltion bond yields drop. The man is full of crap. Allot of people are full of crap, even allot of gold bugs. Like i disagree with Jim Rogers who says that if we let the debt fail in 2007 it wouldn't have collapsed the banking system. He also believes that what we are experiencing now with these bailouts is something that is taking place the first time in this country. This is wrong. The fact is we have been doing bailouts even since BEFORE we went off the gold standard. It only just became to difficult to bailout with physical gold since gold was so hard to produce. And it's too late to allow defaults now after the decades of bailouts we've had since the banking system started decades ago, the massive deleveraging would collapse the currency and banking system.

I think allot of people that have made their wealth on bonds/debt of some kind has an interest to keep this global banking system going or to make people believe that the global banking system will survive. No one living today has gotten rich on physical gold/silver. There's only 300 million oz of above ground silver in the world today. Most of these millionaires in the world do not and can not have any physical silver or gold. So you can see why there has been an enormous interest in many people to favor the banking system over hoarding. But that's not to say that a collapse of the banking system and the adoption of hoarding will not bring them the same prosperity. On the contrary, under a system of hoarding they will be just as prosperous but allot more people in the world will be prosperous too.

Hi court blocks Chrysler deal with Fiat 6 8 / 09 ...

2009-06-08T14:11:07.881-07:00

Hi court blocks
Chrysler deal with Fiat
6 8 / 09
(Indiana state wants to
be first in line of creditors, also
says Tarp funds can not
be used for non-financial firms)

@Numonic I can only remember from watching the vi...

2009-06-08T12:29:47.248-07:00

@Numonic

I can only remember from watching the video that Mish dismissed inflation. Except some errors (Mish refers to fractional banking in the US only since 1913) nothing new in the talk. Time will tell if he is right on the things he said.

Anon you should give the time on the video where h...

2009-06-07T21:41:12.960-07:00

Anon you should give the time on the video where he says there will be inflation, some people aren't trying to listen to 50 minutes of Mish talk.

Eric ! Take a look here Mish saying that there wi...

2009-06-07T20:54:08.744-07:00

Eric !
Take a look here
Mish saying that there will be inflation now !
http://www.youtube.com/watch?v=1YKc0UolTqE&eurl

They ever catch the men involved in the insider in...

2009-06-07T13:15:02.137-07:00

They ever catch the men involved in the insider information connected to dropping the stock (Chicago stock exchange) on both American/United airlines, a week before 9/11?
The CIA had software specifically installed to catch significant changes in stock market options that would indicate illegal activity. Guess they turned it off that week. Just like the airforce was turned off for an hour and a half.

The lack of transparency and massive corruption, s...

2009-06-07T10:59:21.028-07:00

The lack of transparency and massive corruption, some of which, with respect to black pools, is the subject of your latest piece, will ultimately destroy what is left of the U.S. capital markets. No one but a master thief wants to trade in the bazaar that is populated by thieves.

So, watch for capital flight to increase. I think the simultaneous weakness in the dollar (Friday's action notwithstanding) along with the action of long dated U.S. bonds is telling us that we are drawing close to a crisis of capital flight.

Eric deCarbonnel: "Conclusion: By allowing dark p...

2009-06-07T08:39:09.916-07:00

Eric deCarbonnel:

"Conclusion: By allowing dark pools to exist, ...Wall Street is either run by crooks or idiots (or a combination of the two)"

i am surprised that you did not mentioned the possibly the biggest user: president' plunge protection team. unless you put it into crooks or idiots categories.

is it the real reason why it is allowed to operate? they do not want to leave id who buys 100,000 call option whenever the market goes down?

Anon, You forgot the big stick that they can elim...

2009-06-07T05:45:01.495-07:00

Anon,

You forgot the big stick that they can eliminate people who get in their way. If a Japanese minister or politician gets too uppity, he may join the long list of Japanese who forgot that a colony has to obey its masters. Which is one of the reasons that Japan has been so adrift in the last few years trying to figure out what to do.

I think I'm an individual who wants to believe mor...

2009-06-07T04:33:33.501-07:00

I think I'm an individual who wants to believe more then anyone else that the dollar is close to a collapse. And the reason for this belief is not tied to an economic benefit, for I have no money in which to buy stocks or metals.

Therefore, my hope in the dollar collapse stems from two reasons:

(1) A collapse in the dollar hegemony would (almost) create a (near instant) even footing between nations within the global economy as well as increasing the political latitude of many nations within the world.

In essence a collapse to the dollar hegemony would give back the right of self-determination to all nations of the world, whereby they would no longer be under the thumb of one nation and its vision of what the world should be.

And (2) a collapse in the dollar hegemony would, in the end, allow America to become an active member and compete within the global economy again.

Such a collapse would create the motivation for America to switch back to a production economy (the opposite of the debt, consumption, service economy it is now). It would also allow for nations to outsource their jobs to America because it would be cheaper to pay for American labor then local, or even Chinese labor.

However, with that being said I think many of us that hope, or are hedging for a dollar collapse underestimate the ability, the power and the reach of Helicopter Ben and Co. (this also includes 0bama and his administration).

On top of this the most critical thing that we underestimate is their ability to change things, to increase rates, to broker deals with other nations and even threaten military action.

And this article, which purposes legislative change to how Wall Street functions in the way of insider trading, seems to suggest the reality of our underestimation of Helicopter Ben and Co..

So we have to really ask ourselves, from here on out, if things will really continue towards a dollar collapse or just a global depression (or even a recession in which we are starting to that the worst behind us, so say the media and government) because we have to be mindful of our own reasons as to why we perpetuate such a belief.

However, if the latter happens we (as in the American populous) will be in a much worse situation when the collapse actually happens (yes, it's bound to happen, but will it happen this year or 20 years from now).

Not only this, but for America to continue down the road of debt, consumption, and a service economy it leaves little latitude for growth in a world economy that demands goods, things in which we trade money for.

After reading the alternative financial press I di...

2009-06-07T03:26:48.201-07:00

After reading the alternative financial press I did not want to trade on the US exchange. I have been trading on the Canadian exchanges. Reading this article I now have a good reason for that feeling. Last year I had investment funds in JPM Morgan, Blackrock, Investec and the big gold and silver ETFs now I am out of them all and even have funds invested in Zurich and Canada. It is good to have physical gold and silver as it is not a paper illusion which is becoming a mirage of wealth!

This is one of the many reasons why I believe the ...

2009-06-06T23:19:08.617-07:00

This is one of the many reasons why I believe the US is destined for national bankruptcy.

Financially and culturally.

There is a psychosis on Wall Street and in Washington - because this country's educators, universities, lawyers and politicians (most of whom are lawyers) are simly the product of a post 1940's (formerly self sacrificing) American culture - which has debased itself into a self-serving bunch of money grubbers.

Its the culture of America now.

That is why we cannot look to anyone on Wall Street or in Washington who understands himself - and his propensity for evil.

Hank Paulson lobbied Chris Cox to toss bank reserve requirements - and together they torpedoed half the economies on the Earth - and Hank gets promoted to Treasury Secretary - and Cox gets appearances on Bloomberg like he's a patron saint.

At least Greenspan had the sense to keep quiet for a while - sparing us any more of his "oracular" wisom.

There's an old saying "You know when a civilization has gone past the point of no return, when dogs openly roam the streets".

My Best
Robert

Tyrone, Are you sure that your PM coins are not d...

2009-06-06T21:57:24.152-07:00

Tyrone,

Are you sure that your PM coins are not debased?

It seems that there is no integrity anymore on earth.

And I thought my level of disgust could not get an...

2009-06-06T20:57:31.882-07:00

And I thought my level of disgust could not get any higher. Time for more gold and silver.