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1 day ago
in Peter Boockvar On Gold on Zero Hedge
" long time reader and follower (more or less) of franklin sanders, a man who in the earlier days of his life felt the boot of the jack booted thugs on his neck while they pointed machine guns at his family. even after that happened, he will not bring himself to believe in manipulation, etc. he still believes in the system."
Dear katman - can you elaborate more on that?
As an aside, good book on manipulation of the gold markets - Gold Wars: The battle against sound money seen from a Swiss perspective. Written by Ferdinand Lips - Swiss banker, former Rothschild executive.
Dear katman - can you elaborate more on that?
As an aside, good book on manipulation of the gold markets - Gold Wars: The battle against sound money seen from a Swiss perspective. Written by Ferdinand Lips - Swiss banker, former Rothschild executive.
2 replies
katman
back when FS got started in the PM business, he was living in Arkansas. So being the good tax payer he was and the good law abider he was and is, he (imho foolishly) wrote a letter to the arkansas department of revenue asking if it was necessary for him to collect sales tax on gold and silver pm sales. anyway, to make a long story short, they had a disagreement about it , so he moved across the border into tennessee. well he thought the situation was over, but it wasn't . he said he and his family were in bed and a large group of men dressed in black, raided his farm and broke in and stuck machine guns in the faces of himself and his family. thye accused him of being a religious nutt, etc and he had to go fight this in court and somehow he won thank goodness. i just touch upon the highlights of this story. you can read the whole thing on his website, moneychanger.com........he is not much of a computer guy and he used to make me laugh because for the longest time he was using compuserve , a name i had not heard of since the 80's ...ha ha .......basicallly he is a farmer and a history buff who happens to sell gold and silver.......which is just fine with me. i like it.........he is a man, from another time in our history when things in this country were very different. he is a white man , who is proud of his confederate heritage , as i am as well . my people on both sides of the family fought in the war of northern aggression. with hood's texas brigade , 5000 volunteers fought with general lee in this army of northern virginia. 5000 went and 700 came home. i appreciate the shared sacrifice of the confederate soldier, and i will never forget them, no matter how politically incorrect it is in the world of today and neither will franklin sanders......
Mr. Haney
I am a loyal reader of Franklin Sanders as well. My guess is that he believes that the Nice Government Men, as he calls them, use legal means to slow the rise of silver and gold. For example, announcing a large gold sale as gold reaches a breakout on the chart.
If you are interested, see Mr. Sanders' story here: http://the-moneychanger.com/articles_files/dang...
His past commentaries can be found here: http://goldprice.org/
If you are interested, see Mr. Sanders' story here: http://the-moneychanger.com/articles_files/dang...
His past commentaries can be found here: http://goldprice.org/
2 days ago
in California state govt. may resort to IOUs as new fiscal year begins. It's a mess. on AMERICAblog
California has had the 2/3 requirement for over 40 years. We built the California University system and world class schools with that budget requirement. We don't have a taxing problem. We have a spending problem.
We threw out Gray Davis when we had a budget deficit ... then the state legislators continued to spend money that we didn't have. Assembly Member Noreen Evans says "living within our means, means nothing."
California has the most lenient welfare policy in the country. We spend 7 times more than Texas does on illegal immigrants. If we put a 10% tax on the money that's sent back to Mexico ($18 Billion) from illegals, we wouldn't have a budget deficit. If we actually did live within our means, maybe 2000 families a week wouldn't be packing up and moving away from California.
show all 3 replies
We threw out Gray Davis when we had a budget deficit ... then the state legislators continued to spend money that we didn't have. Assembly Member Noreen Evans says "living within our means, means nothing."
California has the most lenient welfare policy in the country. We spend 7 times more than Texas does on illegal immigrants. If we put a 10% tax on the money that's sent back to Mexico ($18 Billion) from illegals, we wouldn't have a budget deficit. If we actually did live within our means, maybe 2000 families a week wouldn't be packing up and moving away from California.
3 replies
ndtovent
I think enron was mostly responsible for the energy crisis in those years leading up to the recall. They totally buffaloed him and the rest of the people of CA - I think he got a bum rap over that fiasco.
benb
Huh? You need to substantiate your claim that we Californians spend "7 times more than Texas on illegal immigrants". What do we spend it on? Education? Medical Care? And how much sales tax do illegal immigrants contribute? They pay sales tax...they pay property tax (through rent). How much productivity does California gain through cheap labor? It's easy to get all worked up about illegal immigrants from Mexico but they are engrained in our economy.
Mexico is the only country I know of that, through illegal immigration, actually pays for most of it's foreign aid from the US.
Mexico is the only country I know of that, through illegal immigration, actually pays for most of it's foreign aid from the US.
1 week ago
in It's 3:55 PM: Do You Know Where Your End Day Market Ramp Is? on Zero Hedge
Disable comments to your blog
1 reply
Fuk_ur_suggestion
Comments are half the reason people are here...
1 week ago
in The Fed's Emails on Zero Hedge
I don't know how u read this, especially the FED TALKING POINTS on BAC...and not KNOW they were pressuring them BIG time to CLOSE it.
they multiple times in here STRESS that BAC and its management will NOT be favorable looked on by the MARKET AND THE REGULATORS/FED if they don't close
this is basically a mafia style veiled threat
every talking point is twisted to make ken lewis and BAC itself feel trapped into it
SORRY, but if they did a MAC and Ken admitted they didn't have enough time to do proper DD and that the losses were way beyond what they were sold on, etc...that truthful statement would have rallied the stock.
this is criminal what they put BAC thru. I see less of BAC trying to get govt aid and more like the FED being a mafia style enterprise via their professional emails. all they cared about is the system....vs shareholders
they multiple times in here STRESS that BAC and its management will NOT be favorable looked on by the MARKET AND THE REGULATORS/FED if they don't close
this is basically a mafia style veiled threat
every talking point is twisted to make ken lewis and BAC itself feel trapped into it
SORRY, but if they did a MAC and Ken admitted they didn't have enough time to do proper DD and that the losses were way beyond what they were sold on, etc...that truthful statement would have rallied the stock.
this is criminal what they put BAC thru. I see less of BAC trying to get govt aid and more like the FED being a mafia style enterprise via their professional emails. all they cared about is the system....vs shareholders
- 2 points
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I agree with that part, unfortunately, it sounds like BAC needed some part of the govt backstop with or without ML. However, I don't know how anyone can read those emails and not know that every market is being completely manipulated in an attempt to jury-rig a recovery. It actually spells out in black and white that they were measuring market reaction and planning for programs to support the events that were unfolding or about to unfold.
