Arrested for withdrawing money from Citi bank...
 






THiNKiNG ABouT CLoSiNG YouR TBTF BaNK ACCouNT?

Posted by : williambanzai7

Post date: 10/16/2011 - 15:22

Think again... 

 

 

 

 

 

Economists: End Or Drastically Downsize the Fed

Posted by: George Washington

Post date: 10/16/2011 - 14:50

It's not just uninformed people who want to end the Fed.

A Turn In Silver May Have to Wait For The Shorts to Cover

Eric De Groot at Eric De Groot - 12 minutes ago

A confluence of buying and short covering by commercial traders often precedes major turning points within the secular trend. The chart below reveals the statistical concentration of buying and selling of commercial traders (smart money). L%WA and S%WA illustrate statistical analysis of their long and short positions, respectively. Any reading beyond +/-2 sigma records statistically significant... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Goldman's Jim O'Neill Goes Bear Hunting

The last time (May 2010) when the head of the worst performing division at Goldman, GSAM's Jim O'Neill openly taunted the market skeptics ("Anyhow, dear grizzlies....bet your [sic] worried about today’s rally? See u later.") the market proceeded to implode with such ferocity (not to mention see the first and biggest SEC fine charged against his firm for CDO rigging) that it took QE2 to prevent a depressionary relapse. Now, following the latest two week surge in risk assets, driven as we currently speculate primarily due to a FX repatriation out of French banks on asset liquidation and USD to EUR conversion, Jim O'Neill has once again crawled out of his shell and has gone "bear hunting." However, so as not to jinx the ongoing melt up on proceeding liquidations, he is far more subdued and rhetorically answer himself: "So are the bears beaten? As tempting as it is, alas I think not - at least yet." He continues, putting the onus of the growth thesis once again squarely on China: "While the Euro challenges are immense, I don’t see them as being necessarily of the power to drag down either China or the US, or both. While it is perfectly possible, the US and China have coped perfectly well with Japan’s weakness for a long period, so I don’t see why they can’t cope with a struggling Europe. A collapsing Europe would be a different story, but a struggling Europe, that shouldn’t be too demanding. As for Europe, the bar has been raised these past few weeks, as markets have recovered and expectations of a Big Bang increased. There are all sorts of dilemmas remaining, ranging from Berlusconi’s tentative hold of power in Italy to the divergence of stances on the right broad European solution. What we really need from Europe is to just not implode, that would be a problem for the rest of us and the markets." Unfortunately for Jim, he appears to have missed the "paradigm shift" when few if any buy the China as world savior phenotype any more, and instead most finally see what Jim Chanos and other fringe bloggers have been claiming for year. As for the bears, Jim, just like last time, fear not - the bears will once again have the last laugh.

"Last Train Home" - The Video Documentary Of The Human Cost Behind China's Stunning Growth Story

We all know that China has the biggest skyscrapers, the fastest growing economy, and the emptiest cities in the world. We also know that there is no such thing as a free lunch. And with every economic success story, no matter how engineered, manipulated, or contrived, comes a human cost. The 2009 documentary by Lixin Fan, "The Last Train Home", is just one such attempt to capture the "human element" behind the glitzy headlines and the 9% GDP growth. The quite synopsis: "Every spring, China's cities are plunged into chaos as 130 million migrant workers travel back to their home villages for the New Year's holiday. This mass exodus is the world's largest human migration, an epic spectacle that exposes a nation tragically caught between its rural past and industrial future. Working over several years in classic cinéma vérité style, director Lixin Fan traveled with one couple who have embarked on this annual trek for almost two decades. Like many of China's rural poor, the Zhangs have left their native village of Huilong in Sichuan province and their newborn daughter to find work in Guangzhou in a garment factory for 16 years and see her only once a year during the Spring Festival. Their daughter Qin, now a restless and rebellious teenager- bitterly resents her parents' absence and longs for her own freedom away from school and her rural hometown, much to the dismay of her parents. She eventually leaves school, against the wishes of her parents, to work in the city. Emotionally charged and starkly beautiful, Last Train Home examines one fractured family to shed light on the human cost of China's ascendance as an economic superpower." We bring the documentary in 6 parts to our readers in hopes of a greater understanding of the dynamics behind the world's biggest economic dynamo.





UBS, RBS Ratings Lowered as Fitch Says More Than a Dozen Banks May Follow






Precious Metals Investing: Will Gold And Silver Continue Their Run Up?




Business Inventories And Sales Rose In August




Oil Prices Rise Near $87As Recession Fears Ease




Foreigners Dump $74B In Treasurys In 6 Consecutive Weeks; Biggest Sequential Outflow In History




Big Trouble Brewing





Obama Spoke About "Fast & Furious" Before Holder Claimed He Knew




FBI begins recording talk tadio and podcast call-ins.
(Please show me where this is mentioned in the FBI's charter.) 





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