Warren's Billions Thank Uncle Sam For Bailing Them Out

Nothing quite like the billionaire whose entire fortune is invested in the successful perpetuation of the ponzi, thanking the administration for taking trillions of dollars out of the taxpayers' pocket and preserving the broken system for a few more years, just so said billionaire can wax holier than thou on the pages of the administration's newspaper and thank the administration for allowing him to swim in his nickel pool through expiration. If one tries hard enough, one can almost spot a ridiculously hypocritical vicious loop in there somewhere...

 

 Frontrunning: November 17

Submitted by Tyler Durden on 11/17/2010 08:22 -0500

• The horrible truth starts to dawn on Europe's leaders (Telegraph)
• Fed May Hesitate on More Easing After Critics Question Mandate (Bloomberg)
• UN warns of rising food prices (FT)
• China Targets Liquidity to Cool Inflation (China Daily)
• Anger at Germany boils over (FT)
• BofA CEO: Settling foreclosure probe best solution (Reuters)
• China Buys Treasurys for Third Month (WSJ)
• Bond Vigilantes Ride Again (Barrons)

Gap, Wal-Mart Clothing Costs Rise on `Terrifying' Cotton Prices

posted by Eric De Groot at Eric De Groot - 3 hours ago

It certainly looks as if people might be forced to wear their favorite clothing a little longer. Trouble is, today's clothing is nowhere near as durable as it was in the past. The effects of currency... [...

In The Long Run, I Don`t See Any Value In Treasuries.

posted by Admin at Marc Faber Blog - 2 hours ago

*"In the long run, over the next five to ten years, I don’t see any value in owning a 10 years treasury or a 30 years treasury that yields between say 2.95 percent and 4 percent."* *in dailyreckoning.com*...

Taleb Says Fed Policymakers `Do Not Understand Risk'

posted by Eric De Groot at Eric De Groot - 7 hours ago

It’s mostly likely selective rather than total blindness to the risks inherent within the policy choices. The path of economic austerity, while waived as a solution to the problem, also carries... [[ This...

 

The Muni Bond Market

posted by Eric De Groot at Eric De Groot - 9 hours ago

You have to notice that there is no media comment on this collapse. If the media was being straight with us why not call attention to what looks like the beginning market wise of the end for Munis... [[ T...



Chinese Premier Warns Price Control Measures Coming

Chinese Premier Wen Jiabao has said his government is preparing steps to tame price rises, adding his voice to official efforts to reassure consumers irked by a rapid rise in the price of food.

Inflation leads to Price Controls...
Price Controls leads to Shortages...
Shortages leads to Rationing...
Rationing leads to Hunger...
Hunger leads to Starvation...
Starvation leads to Death...

Food is the most cost effective way to control a population...
Think about it...

In The News Today

Posted: Nov 16 2010     By: Jim Sinclair      Post Edited: November 16, 2010 at 4:49 pm
Filed under: In The News

Thought For The Evening
Gold will trade at and above $1650. The international investment banks screwed over the world one more time in a short the euro cover operation.
It is so transparent that I would call it HD and Blu Ray quality, yet so many of you got snookered yet again.
The script is a duplicate of last time with every actor playing their part to perfection. The sad part is many of you will again also play the part the next time these guys need five or six billion more for the bonus accounts.
Has it ever dawned on you that playing this game with credit, either in shares or futures, is a death wish for the public?
So many of you will do it again when Gold reaches $100 to $200 higher. It happens every time.