RSS available
| MarketTicker Forums Read Message in Ticker |
User: Not logged on
|
| Top | Forum Top | Login | Control Panel | FAQ | Register | Logout |
| Showing Page 1 of 3 | First | 1 | 2 | 3 | Last |
| User Info | The Insanity Rolls On in forum [Ticker] | |||
|
Genesis Posts: 71411 Incept: 2007-06-26 
KD^2 
|
http://market-ticker.denninger.net/2008/....
---------- "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
2008-04-25 10:00:52
Permalink | |||
|
Marginnayan Posts: 10460 Incept: 2007-06-27 
Dallas Forth Worth Metro, Texas
|
no mention of: Baaaaaang - Consumer Sentiment at 26 year low. ---------- "The whole purpose of this ****ing US Fed is to make Banksters richer and Midle Class Americans poorer with each passing day. No More. Abolish the US Fed right here, right now. - Me Last modified:
2008-04-25 10:28:51 by marginnayan
| |||
|
Genesis Posts: 71411 Incept: 2007-06-26
KD^2
|
No good place for it in the ticker today. ---------- "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
2008-04-25 10:31:48
Permalink | |||
|
Stormrunner Posts: 118 Incept: 2008-01-29 OC CA
|
KD Curious, Are you familiar with the person I referenced in yesterdays thread? This is one intriquing expose from an individual who played with the Big Boys in the High Finance Hot Money game and was warning of what you have been disccussing for weeks, some years ago. Do you find this story credible?? http://www.dunwalke.com
2008-04-25 11:00:40
Permalink | |||
|
Genesis Posts: 71411 Incept: 2007-06-26
KD^2
|
No, but it wouldn't surprise me. The real issue, however, is with us. We simply won't get off our ass. ---------- "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
2008-04-25 11:03:32
Permalink | |||
|
Themortgagedude Posts: 3930 Incept: 2007-12-17 
saint louis
|
Following is the cover letter I attached to the Market Ticker before I faxed it to Congressmen Todd Akin, Republican from Missouri. Gen I hope you don't mind that I invited him to contact you if he would like to be educated further on this matter. I'll be happy to do it myself but I really think your the man to do it. Wouldn't you just love to be called upon to testify before congress on this fiasco. Or maybe you'd rather be the one asking the questions. Congressman Akin, Following is a blog from Karl Denninger who writes the Market Ticker most days. I am in firm agreement with Karl on most of what he blogs about. Please be one of the few who takes a stand against the favors to the rich that go on today. The investment bankers and commercial bankers really must be called on to mark all investments to market and raise whatever capital is needed to truly fortify their balance sheets. And there is no easy way out on the housing crisis—it’s a damn bubble that in no way can remain inflated. We must take our medicine and stop devaluing the dollar. That or you might as well take the full hit now and print the $$$ to pay off the national debt right now and put firm constitutional measures into place to prevent the national debt from ever rising to this level again. Unfunded government mandates along with current federal debt now are over $200,000 per American and all you guys can think of is to give everybody $600 back—that will get the economy going. You and your brethren are just absolutely pathetic. Gutless politics. Please feel free to call me at any time to discuss this or if you truly would like an education on this please feel free to contact Karl at karl@denninger.net. Karl would take time out of his day most anytime to have a discussion with any of you in congress and I truly think it would be well worth your time. Scott Robnett ---------- "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!"
2008-04-25 11:07:40
Permalink | |||
|
Bozonian Posts: 14033 Incept: 2007-09-01
PFT - Pure F'n Tin
|
States can't create dollars from thin air either, they have to borrow at rates that compensate lenders for real risk. Is it unconstitutional for a state to create its own currency? That would be a real ****-you to the FED wouldn't it? "Oh that house? It's worth at least 500,000 Calfornios" ---------- I'm so depressed about outsourcing I called the suicide hotline and got a call center in Pakistan. They got all excited and asked me if I could drive a truck. Everything I write is my opinion and not to be considered proven fact. Nothing I write should be considered financial advice. Last modified:
2008-04-25 11:09:56 by bozonian
| |||
|
Mango Posts: 240 Incept: 2008-02-08
|
Great job Karl! You are an great inspiration. I've sent this off to NJ's Rothman, Lautenberg and Menendez with demand for action.
2008-04-25 11:09:50
Permalink | |||
|
Genesis Posts: 71411 Incept: 2007-06-26
KD^2
|
TMD, you or anyone else is welcome to have them contact me, either by email or for that matter by phone. My home is 850-897-4854, and I have no problem with people listing it on cover letters for this purpose. While it is very difficult for me to get to Washington DC at present due to my kid being in school, I will find a way if they want me to show up for a Congressional hearing. ---------- "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
2008-04-25 11:16:27
Permalink | |||
|
Themortgagedude Posts: 3930 Incept: 2007-12-17
saint louis
|
All that took was 10 minutes of my time. If the rest of you can't take the time to contact your congressman then as far as I'm concerned - don't bother to comment on how great todays blog is. Either take action or **** off. Thanks Gen for all you do. As for today's action at Bear I hope they raised a few eyebrows. I'd like to think maybe we could do something similar at all the Federal Reserve Banks. I'd be more than happy to spend a morning downtown picketing. Can't take the time to go to NY but I think several of us could get together at all the FEDs in a concerted effort. ---------- "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!"
2008-04-25 11:31:24
Permalink | |||
|
Stormrunner Posts: 118 Incept: 2008-01-29 OC CA
|
KD The piece is definitely worth the read. The women completely structured her career around an attempt to understand cash flows and design software to pinpoint anomalies (disappearing or ineffective funding) that could then be acted on and corrected, on a neighborhood by neighborhood basis. She is one of the few people who actually began to force HUD into semblance of profitability before she started to **** off the privileged brass who felt entitled to low bid rigging on the backs of tax payers. The housing bust begins with her, comprehension of the magnitude of the facade and the planning is well illustrated in the piece. It is as you say a bi-partisan Roman era style class war. These people do not always win but the odds are in their favor especially when the scope of the issue in hidden in the shadows. As I’ve said before I have great respect for your life experience and opinions, we differ as to the effect that limited monetization of metals would introduce. But we seem to agree that the tragedy that awaits us is no accident. Please check out the link and critique its credibility based on your knowledge of financial flows and historical accuracy.
2008-04-25 11:34:47
Permalink | |||
|
Themortgagedude Posts: 3930 Incept: 2007-12-17
saint louis
|
Hell if they ever ask I'll come down and babysit for you. I'm sure you're daughter would love my 2 year old daughter for a day or two. Don't think you should trust me to bring the 5 year old boy though. If so you'd have to hide the crayons. He's now decided that he's an artist. :) Hell take her with you, it'd be a incredible experience for a child to see their father there. ---------- "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!"
2008-04-25 11:35:34
Permalink | |||
|
Stormrunner Posts: 118 Incept: 2008-01-29 OC CA
|
http://articles.moneycentral.msn.com/Ban.... "Landlords are taking Section 8 people, people on government assistance, and moving them into 4,000-square-foot houses with five bedrooms and three bathrooms," said Steve Steele, the pastor of Oak Tree Community Church in Elk Grove. In many cases, Steele said, neither the landlords nor the new tenants have maintained the properties, which once sold for $500,000 or more. Gang activity and crime have spiked, residents say, as foreclosures have increased in the community. There goes the neighborhood Increased crime and foreclosures appear to go hand in hand (.pdf file). Each 1% increase in foreclosures, according to Dan Immergluck of Georgia Tech and Geoff Smith of the Woodstock Institute, is associated with a 2.23% rise in violent crime. This kind of news story is exactly what Fitts’s popsicle index is measuring profit from the planned deterioration of neighborhoods. The issue relates to the quality of our childrens futures. She was alarmed 10 years ago over the plan that you admit to not recognizing until rather recently, comparatively speaking. I believe from a historical perspective her perceptions are at least worth acknowledging, AND JUST WATCH THE PROFIT BEGIN TO ROLL IN ON THE PRIVITIZED PRISON SYSTEMS ERECTED TO SOP UP THE OVER FLOW FROM THIS PLAN.
2008-04-25 12:05:56
Permalink | |||
|
Wisdom-seeker Posts: 546 Incept: 2008-02-25
California / Bay Area
|
From Today's Ticker wrote..Understand that the pernicious, outrageous and systemic fraud that was run in the housing sector was an almost exact carbon-copy of what was done in the 1920s - it was not an accident, nor were the effects not able to be forseen. ---------- Find me via http://investorscooperating.blogspot.com..... I no longer post on TF (reasons: http://www.tickerforum.org/cgi-ticker/ak....). Don't abuse the creditors (foreign or not) because of our own (nation's) debt problems! We must pay off the thermonuclear bonds!
2008-04-25 12:08:40
Permalink | |||
|
Genesis Posts: 71411 Incept: 2007-06-26
KD^2
|
Quote:In the 1920s, loans of this type were the norm; borrowers typically refinanced at term. But the Depression of the '30s caused many to go into foreclosure, and lenders stopped writing the loans. http://www.latimes.com/classified/reales.... Google is your friend; that took 30 seconds. There are hundreds of additional references, of course, including ones from mortgage lending professional sites such as: http://www.mortgages.cc/interest-only-lo.... Quote:Interest-only loans are not a new idea. In fact, such loans were standard during the boom market of the 1920s. ---------- "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 Last modified:
2008-04-25 12:15:01 by genesis
| |||
|
Ksfq Posts: 1017 Incept: 2007-07-11
California
|
The only reference I find is book "The Great Depression." by Robert McElvaine. The assertion he made is:Quote:
2008-04-25 12:14:21
Permalink | |||
|
Stormrunner Posts: 118 Incept: 2008-01-29 OC CA
|
Capitalism works until transparency is undermined in the name of security, there should not be a free lunch for anyone rich or poor, but snacks are extended to the proletariat to provide feasts for the corporate fascists. This is the game and until as Karl has stated over and over until transparency resumes trouble waits in the wings. The tool the Hamilton Securities Group was developing to track government spending was illuminating the fraud conduits. I’m surprised at the level of inattention that is being paid to these allegations in light of the progress that has occurred as it regards the accuracy of the prognostications. Even the timing of the Spitzer incident is suspect. Housing was the conduit of the corrupt cash flows.
2008-04-25 12:24:57
Permalink | |||
|
Stormrunner Posts: 118 Incept: 2008-01-29 OC CA
|
KD, you read it you say "tin" I let it go, please humor me, and check it out. http://www.dunwalke.com 19 pages of 30 years of planning
2008-04-25 12:35:29
Permalink | |||
|
Genesis Posts: 71411 Incept: 2007-06-26
KD^2
|
No time for it now, but I'll look at it later. The thing is that none of this matters Storm, even if its true. This sort of grand conspiracy theory sounds nice and might even be right but all that does is leave you with an excuse to do nothing. ---------- "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
2008-04-25 12:37:37
Permalink | |||
|
Pointpark04 Posts: 1705 Incept: 2007-09-18 Gen. Smedley Butler Banned
|
Stormrunner. I've read/heard about a good deal of what she writes, mostly back in the 1990s. I believe her. I don't think it all a conspiracy "theory". I take it as 100% real and authentic. ----------
2008-04-25 12:51:04
Permalink | |||
|
Stormrunner Posts: 118 Incept: 2008-01-29 OC CA
|
I'm not sure I would characterize it as conspiracy it just the new business paradigm, that has been implemented while the public slept, it started with the cannibalization of companies and migrated to the cannibalization of neighborhoods under the guise of financial innovation. The wealthy, who have spent years politicking to advance their own agendas, feel that they have invested the time and money to be deserving of the benefits of this concentration of wealth the class of privilege every society has one. They eventually run amuck and they and there cronies need to be outed before the damage becomes irreparable. Illuminating this is not doing nothing, it is alerting potential voters to the recent status quo of individuals would further this agenda to the publics detriment. At any rate when you do read it I will look forward to your comments.
2008-04-25 13:37:42
Permalink | |||
|
13thgeneration Posts: 645 Incept: 2007-12-03
rock <-----> hard place
|
Great ticker. I also wonder when the PIK toggle notes will come back to haunt the system, there were a lot of those created over the last four or so years.
2008-04-25 13:42:20
Permalink | |||
|
Krismry47 Posts: 151 Incept: 2007-09-05
washington state
|
About Stormrunner's most interesting and valuable link to C. Austin Fitts, is definitely worth a look. At least read the captions under the pictures. But needs to be commented on in another new thread for that. Could be worthwhile.
Last modified:
2008-04-25 14:11:42 by krismry47
| |||
|
Stormrunner Posts: 118 Incept: 2008-01-29 OC CA
|
Remember the post about "When men had balls that clank" Try these on for size,it brings a tear to my eyes, almost emasculating Why is it that there is no one running for office with this vision? >>>>>>>>>>>>>>>>> When Hamilton’s offices were seized, I found myself before a battery of new attorneys brought in by our insurance company. At one point, one of them suggested that we shift the responsibility for an action to a corporate subcontractor in a manner that would abrogate our verbal contract with them. When I made clear I would not do that, they said I had no choice. If I did not do what they said, the insurance carrier would pull their representation and with no attorneys -- like the young people being rounded up by Operation Safe Home -- I would go to jail. And so I decided it was time to lay down a few ground rules that would help newcomers understand what was involved with working with me. I said: “Gentlemen, I am obedient to the laws of God and there is nothing that you can say or do that will cause me to violate them. If that means that I am going to jail, then I am going to jail, if only to organize the last group of entrepreneurs I need to run the country when the government collapses. Because if people like me are going to prison, then it is only a matter of time until this government fails.” Interestingly enough, the lawyer who threatened me, told me many months later that this was the moment in which he realized that we were going to win. There was a time in my life when I believed that I was part of a culture of people — call us the English speaking people — who were excellent. The way of grief was the path through which I learned that we have not yet achieved this standard. Long ago, I made a promise that I would never act against the best interests or the excellence of my own people — that I would do my best to ensure that we were worthy of the stewardship of our world and that we did our best to leave a better world for generations yet to come. To make and keep such a promise is to understand that money and position are tools, not goals, and that death is not the worst thing that can happen. John Birkelund would probably accuse me of “fighting the tape” and not being “good at the game.” I would tell John that now is not the time in the history of our people for a failure of imagination.
2008-04-25 15:27:04
Permalink | |||
|
Krismry47 Posts: 151 Incept: 2007-09-05
washington state
|
needs to be on different thread. maybe in monetary policy or someplace like that.
2008-04-25 15:29:12
Permalink | |||
| Top | Forum Top | Login | Control Panel | Logout |
| Showing Page 1 of 3 | First | 1 | 2 | 3 | Last |