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Genesis Posts: 71432 Incept: 2007-06-26 
KD^2 
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http://market-ticker.org/archives/648-Mo....
---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2008-11-06 09:05:48
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Tesla Posts: 8179 Incept: 2008-04-03 
Delaware
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Quote:I would recommend instead checking the other end of the bull A great line. Typo alert: than one a remote, ?? ---------- "Neither the wisest Constitution nor the wisest laws will secure the liberty and happiness of a people whose manners are universally corrupt." Samuel Adams I'd rather die on my feet than live on my knees. - Emiliano Zapata Last modified:
2008-11-06 09:18:14 by tesla
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Av8rphil Posts: 1817 Incept: 2007-06-26 
Platte City, MO
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Think it should be ON insteaad of one: I'd prefer to do it face-to-face rather than one a remote ---------- "Two things in life are infinite: the universe and human stupidity; and i'm not sure about the universe" -Einstein
2008-11-06 09:20:59
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Eddd Posts: 35 Incept: 2008-03-25 New York
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Gen, I agree that monetary failures are followed by political failures as governments that lose control of their economies framework tend to implode in nasty, rapid fashion. Do you think implementing you plan would allow us to pull off a "graceful" transition out of dollar hegemony as the British did post WWII? Not that the pound's shift from standard unit of international exchange to dollar subordinate was all that great for the British. I just can't think of any better examples of a major currency moving out of "first place" with less drama than the pound did...
2008-11-06 10:04:16
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Genesis Posts: 71432 Incept: 2007-06-26
KD^2
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Eddd there is no guarantee we have not already passed the event horizon. But it is a certainty that if we don't cut this **** out we will cross it. ---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2008-11-06 10:05:44
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Etz3l Posts: 9103 Incept: 2007-06-26
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Quote:His misdirection, as I see it, goes beyond just being a crappy analyst.Yep. Same as most Wall Street analysts that simply can't be trusted, Quote:http://www.bloomberg.com/apps/news?pid=2.... ---------- Treating the symptoms of financial corruption isn’t the same as removing the causes.
2008-11-06 10:22:35
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Cash-out Posts: 2343 Incept: 2007-10-23
Live Free or Die - NH
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Gen., ever see one of those 'panel of experts' discuss a 'issue of the day' on PBS? Usually sponsered by a University with a Media outlet. Maybe you could start a 'Crossing the Nation tour (Sponsoring yourself) with your own camera crew (we have Professionals here),, along with three or four Colleges or Universities (I would be happy to ask UNH) and let's start bypassing the MSM and DC crooks. Always ask for $ or hours of donated time in each city to 'rally for the cure'.... Or not. ---------- More prepared than ready.
2008-11-06 10:30:11
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Brobdingnagian Posts: 358 Incept: 2008-02-11 Oligarchansas
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Is there a link for this appearance? I'd love to see it. Thanks.
---------- Ficht nicht mit der Raketemensch
2008-11-06 11:13:47
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2banana Posts: 168 Incept: 2008-02-25
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<i>which underwent the same monetary destruction and had its populace elect a fine gentlemen with the first name of "Adolf".</i> Hmmm, Adolf was the leader of the National Socialist Workers Party of Germany, otherwise known as the Nazi Party. Hitler preached class warfare, agitating the working class to resist "exploitation" by capitalists -- particularly Jewish capitalists, of course. Their program called for the nationalization of education, health care, transportation, and other major industries. They instituted and vigorously enforced a strict gun control regimen. They encouraged pornography, illegitimacy, and abortion, and they denounced Christians as right-wing fanatics. Hmmmmm....
2008-11-06 11:22:05
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Mtgspy Posts: 6121 Incept: 2007-10-27
Online
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We have. I repeat, we have crossed the event horizon and that is why my priority is NOT at all geared towards constructionism. 100% certainty we have crossed it on the day USD swap lines were opened.
---------- It sounds antiquated, merchantilistic - until you figured out that I was hoarding for war.
2008-11-06 11:52:38
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Howardnyc Posts: 41 Incept: 2007-11-01
new york city
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wait a second, they gave karl 30 seconds of air time on cnbs? that's whacha call dere your event horizon. if they actually have you back on tv, that is when i will get really scared. (nice work, as usual karl. please someone post a link when it shows up on the youtube.) ah, search, and ye shall find: http://www.youtube.com/watch?v=J1oI1PrZa.... ---------- kd told me (and i believe him) that "We (Americans) deserve a Depression." Last modified:
2008-11-06 12:12:37 by howardnyc
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Meatpuddle Posts: 630 Incept: 2007-07-26
Madame Merriweather's Mudhut Malaysia
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I'm with Mtgspy and he has been right about everything from day one, including the mi casa su casa theory and the FNM takeover debacle. We have crossed the event horizon where more "money" creation is actually a negative on GDP. As Mtgspy said, when the USD swap lines were opened I knew right then that it was fourth down and 44 and we just punted. A currency reset is inevitable and may even be imminent. I know that Hedgie's post wound up in the "bilge" but this should probably not be dismissed as tinfoil too quickly: http://www.tickerforum.org/cgi-ticker/ak.... BTW, Mtgspy, what is your priority geared towards, if you don't mind me asking? ---------- "the idea that you're "entitled" to a 5 or 6 percent 30 year mortgage is horse****, and so is the housing prices that it has created." - Genesis
2008-11-06 12:13:01
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Mtgspy Posts: 6121 Incept: 2007-10-27
Online
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I am using 25% of my money to make more money in the market short ONLY and send the rest abroad in diversified FX just so they can't be confiscated. Down 10% - big effin deal. I'll take down 30% anyday if the alternative is the lava pit.
---------- It sounds antiquated, merchantilistic - until you figured out that I was hoarding for war.
2008-11-06 12:19:31
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Themortgagedude Posts: 3930 Incept: 2007-12-17
saint louis Online
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DSL - too bad I didn't ride that bastard to the bottom. Love it though when you bring up Cramers call on that. I shorted at 63.90 and he ran it up right then. I called my cousins husband a financial planner in the UCLA area of LA and talked to him about real estate out there. He said people are saying the bottom's in and such. But he told me he had sold his house and that he was renting a place that cost $2.2 million for $3000 a month. **** that won't even cover the tax payments on the house. I should have pushed all my chips in then on that dumb**** Cramer and called his bluff. As it was I rode it down to $17 or so and covered. Then made some more money on its evil twin sister FED. If that ****er was shortable I'd be up 500% in the last 18 months instead of 150%. FED has been the easiest play out there but it is so expensive for puts.
---------- "These are interesting times. We don't trust the government, we don't trust the legal system, we don't trust the media, and we don't trust each other! We've undermined all authority, and with it, the basis for replacing it! It's like a six-year-old's dream come true!"
2008-11-06 12:26:37
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Options Posts: 107 Incept: 2007-09-03
Chicago
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Rick said to send all correspondence to 440 S. Lasalle Chicago Illinois 60605. 24th floor. He said he will have offices opening there soon. He said no Scotch etc, but a note is OK. Jim
---------- We're ****ed.
2008-11-06 13:08:47
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Linrom Posts: 584 Incept: 2007-11-03
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I see that Karl and MTGSPY are fans of Hypertiger.
---------- http://www.youtube.com/watch?v=bc9xhAM8W.... ♫ Play me! ♫ "bums collecting pop bottles from dumpsters do more than the top does" -- Hypertiger Last modified:
2008-11-06 13:21:33 by linrom
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Genesis Posts: 71432 Incept: 2007-06-26
KD^2
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Options:  CNBC gonna gun him 'eh? ---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2008-11-06 13:27:50
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Paintedtape Posts: 1092 Incept: 2008-10-23 No Name City Banned
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Genesis and Mtgspy, how long do you think it will take for people who desire to dump US securities and currency to get out of them, and what other currencies or liquid medium-of-exchange (if any) would it be desirable to begin converting dollars into? Or would owning actual shares of stock in a company that won't die be preferable at that point?
---------- The Politically Incorrect Guide to Politics: http://www.tickerforum.org/cgi-ticker/ak....
2008-11-06 13:34:41
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Genesis Posts: 71432 Incept: 2007-06-26
KD^2
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"We're ****ed. They're ****ed worse." ---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2008-11-06 13:35:16
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Mtgspy Posts: 6121 Incept: 2007-10-27
Online
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Sure, that is why I also have USD banknotes out there, not here, for fear of confiscation since March this year. Give me 1% probability of such and I will transfer 100% of what I can out of here. And I did.
---------- It sounds antiquated, merchantilistic - until you figured out that I was hoarding for war.
2008-11-06 13:44:27
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Noodleman Posts: 759 Incept: 2008-11-01
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Cramer is a proven clown. Back when I paid attention to his show he chose stocks like UNH, MOT, NYX as his long term winners. The rest is history. Barron's showed that you have a better chance at beating the market by flipping a coin than watching Cramer. Consulting Cramer for advice on the economic meltdown is like asking Frankenstein to come up with a plan to control Dracula. The entire CNBC crew touted the 'bailout' prior to Oct. 3. No surprise there. Wall Street lapdogs. Rick and Dylan Ratigan were against it after being for it. Angry emails and phone calls proably prompted that. I've over CNBC.
2008-11-06 13:51:39
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Lugnut Posts: 187 Incept: 2008-09-24
New Jersey
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Speaking of Rick http://www.clusterstock.com/2008/11/is-t....
2008-11-06 13:52:18
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Meatpuddle Posts: 630 Incept: 2007-07-26
Madame Merriweather's Mudhut Malaysia
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Linrom, That is some crazy good thinking and will be added to the perma blog-roll. http://hypertiger.blogspot.com/ ---------- "the idea that you're "entitled" to a 5 or 6 percent 30 year mortgage is horse****, and so is the housing prices that it has created." - Genesis
2008-11-06 14:26:50
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Fidgit Posts: 14065 Incept: 2008-02-18
AllyBammy
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Meatpuddle, I was wondering...thanks :)
---------- I say it's spinach, and I say the hell with it.
2008-11-06 14:31:12
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Ocbear Posts: 1684 Incept: 2007-06-29
OC, CA Online
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Quote:
Which currencies are safe(ish)?
2008-11-06 14:50:59
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