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  1. #181
    patfromlogan's Avatar
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    Quote Originally Posted by WhiteShark View Post
    Pat is getting there but behind those charts is the insane "fake" money that the centralized banking systems create and trade to each other. We really need to cripple or dissolve the Federal Reserve. The problem as I've researched it is that we can't dissolve the Fed without the rest of the World doing it too especially the Euro Zone. We are now deeply connected to the European Central Bank. This is one of the tricks Tim Geithner pulled when he "saved the economy" in 2007-8.

    I just don't see a way out of the pretend money game without a world wide financial reset.
    http://coat.ncf.ca/our_magazine/links/53/morgan.html? At least we stopped dealing gold ripped out of Jews' teeth, eh?

    I read a little and **** like the below makes me think point 1 is right on. The bankers fucked us up.

    "J.P. Morgan to Pay $153.6 Million for Misleading Investors -

    The SEC alleged that J.P. Morgan structured and marketed a synthetic collateralized debt obligation (CDO) without informing investors that a hedge fund helped select the assets in the CDO portfolio and that the hedge fund had a short position in more than half of those assets. The performance of the CDO was tied to the performance of residential mortgages. Because the hedge fund had a short position, it stood to benefit if the assets it selected for the CDO portfolio lost value. This gave the hedge fund the motive to select poor-quality assets that were likely to lose value. But investors in the CDO were not told that J.P. Morgan had allowed the hedge fund to hand pick poor-quality assets. To the contrary, J.P. Morgan's marketing materials represented that the assets would be selected by an independent manager looking out for investor interests. This appears to have been a gross misrepresentation to investors."

    or

    Federal Housing Finance Agency sues 17 banks over mortgage bonds

    The U.S. regulator for Fannie Mae and Freddie Mac accuses the banks of negligence in misrepresenting the risks embedded in the securities sold to the home-finance giants.

    or

    August 10, 2011|By E. Scott Reckard, Los Angeles Times

    Federal regulators hit Goldman Sachs Group Inc. with a $491-million lawsuit, the fourth in a series of planned legal assaults on financial firms that marketed mortgage securities to large credit unions.

    The suit, filed Tuesday in U.S. District Court in Los Angeles, accused the Wall Street firm of making misleading written and oral statements about the soundness of the securities, which were purchased by the now-failed U.S. Central and San Dimas-based Western Corporate federal credit unions.
    "Preparing mentally, the most important thing is, if you aren't doing it for the love of it, then don't do it." - Benny Urquidez

  2. #182
    DCS's Avatar
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    Quote Originally Posted by Tom .C View Post
    Regardless of immediate recognition of any gains or changes to our system of government, people are standing up and saying that "We The People" are here and we vote.
    Disenfranchisement for pinko commies. Problem solved.

  3. #183
    patfromlogan's Avatar
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    Derivative trading is NOT regulated.

    "The derivatives genie is now well out of the bottle, and these instruments will almost certainly multiply in variety and number until some event makes their toxicity clear. Central banks and governments have so far found no effective way to control, or even monitor, the risks posed by these contracts. In my view,
    derivatives are financial weapons of mass destruction, carrying dangers that, while now latent, are potentially lethal." Warren Buffett, 2002

    and one that will make everyone sleep better and stop being paranoid about their futures (by the way, one of my kids is living with me now and one is living cheap in one of my houses - and one of them is a Columbia grad... you young people NEED to be paranoid, the future looks a little grim).
    ---------------------------------------------------
    from http://www.dailyfinance.com

    Big Risk: $1.2 Quadrillion Derivatives Market Dwarfs World GDP

    One of the biggest risks to the world's financial health is the $1.2 quadrillion derivatives market. It's complex, it's unregulated, and it ought to be of concern to world leaders that its notional value is 20 times the size of the world economy. But traders rule the roost -- and as much as risk managers and regulators might want to limit that risk, they lack the power or knowledge to do so.

    A quadrillion is a big number: 1,000 times a trillion. Yet according to one of the world's leading derivatives experts, Paul Wilmott, who holds a doctorate in applied mathematics from Oxford University (and whose speaking voice sounds eerily like John Lennon's), $1.2 quadrillion is the so-called notional value of the worldwide derivatives market. To put that in perspective, the world's annual gross domestic product is between $50 trillion and $60 trillion.



    The owner of Millhouse Capital has 5 identical ships...
    Last edited by patfromlogan; 11/17/2011 11:49am at .
    "Preparing mentally, the most important thing is, if you aren't doing it for the love of it, then don't do it." - Benny Urquidez

  4. #184
    patfromlogan's Avatar
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    According to the 1996 UNDP Human Development Report (HDR), the period 1960 to 1991 saw the richest 20% increase their share of global income from 70% to 85% while that of the poorest 20% declined from 2.3% to 1.4%.
    "Preparing mentally, the most important thing is, if you aren't doing it for the love of it, then don't do it." - Benny Urquidez

  5. #185
    His heart was visible, and the dismal sack that maketh excrement of what is eaten. supporting member
    Devil's Avatar
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    Blah blah. Words. Rambling. Blah. Manifesto. Diatribe.

    Nice boat.

  6. #186

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    Quote Originally Posted by patfromlogan View Post
    According to the 1996 UNDP Human Development Report (HDR), the period 1960 to 1991 saw the richest 20% increase their share of global income from 70% to 85% while that of the poorest 20% declined from 2.3% to 1.4%.
    And? How big the did the pie get? What's better 2 % of 100 or 1% of 400?

  7. #187
    His heart was visible, and the dismal sack that maketh excrement of what is eaten. supporting member
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    I'm thinking a burrito for lunch. Kind of far to the burrito place, but they're the best around. Rainy out, though..........

  8. #188
    WhiteShark's Avatar
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    Hell yeah! Hell no!
    I'm having a wet Italian roast beef sammich. It's like a French dip but less hairy.

  9. #189
    His heart was visible, and the dismal sack that maketh excrement of what is eaten. supporting member
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    Hmm. Doesn't sound too bad.

    46 degrees. Guess I'll wear a jacket to the burrito place.

  10. #190
    Sri Hanuman's Avatar
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    Quote Originally Posted by WhiteShark View Post
    I'm having a wet Italian roast beef sammich. It's like a French dip but less hairy.
    God damn 1%er.

    GIVE US YOUR SANDWICH, douche.
    =================
    Kama Sutra blue belt.

    Quote Originally Posted by Emevas View Post
    I used to **** guys like you in prison.
    Quote Originally Posted by Rock Ape View Post
    Dude I kill people for a fucking living.

    Dipshit

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