Archive - Jun 2011 - Blog entry

“Lenders are gangsters, and they can’t prove they own these homes. So they have no right to foreclose” AND “I plan to continue to take homes from Fannie Mae and Freddie Mac. I would buy them, but those groups can’t produce the notes showing they are the rightful owners to sell or foreclose on them.” So "I haven't been contacted by either entity nor has either one done anything to stop me"

Next week’s calendar is light, with another paydown on Thursday and plenty of POMO, so if ever stocks had an excuse to rally, this would be it.

"What may be the science story of the century is breaking this evening" ... and it provides a window of opportunity for sanity in the climate change debate ... including getting away from the next financial scam ...

Take some time to read my personal message on this Father's Day...

The bulls’ main argument is the bears.

From the Telegraph (UK): Moves by [UK] stronger banks to cut back their lending to weaker [EU] banks is reminiscent of the build-up to the financial crisis in 2008, when the refusal of banks to lend to one another led to a seizing-up of the markets that eventually led to the collapse of several major banks and taxpayer bail-outs of many more.

This is exactly what I've been crowing about for 2 years. It's actually much worse than Lehman... Much Worse!

There are three stages of a man's life: He believes in Santa Claus, he doesn't believe in Santa Claus, he is Santa Claus. ~Author Unknown

Indeed, the next Crisis is coming. And it will make 2008 look like a picnic. Why? Because this time around the Crisis will involve entire countries, rather than just banks (see Greece today). It’s going to be really REALLY bad. And I would argue that 99% of people are completely ignorant of it.

United States, Egypt and Japan ...

Approved by our political and monetary ‘leaders’!

Color me disappointed.

Spent the last couple of days at a pension conference here in Montreal...

We've been told that 9/11 changed everything.

Is it true?

In plain terms, we have not had a period in which the Fed wasn’t pumping tens of billions into the markets since 2007. Indeed, the only time the Fed wasn’t officially pumping its brains out was between the end of QE 1 (April 2010) and the announcement of QE lite (August 2010). So the notion that QE 2 will end and the stock market will stay afloat just fine is questionable to say the least

I bet you never thought there are wild cougars in Greenwich...