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Good morning, worker drones: This Week In Mayhem

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Good morning, worker drones:  This Week In Mayhem

by Project Mayhem

 

Federal Reserve conducting covert Treasury monetization, John Williams warns of U.S. hyperinflation, UN producing bullion coins as world currency, Pakistani government enters political crisis, Lieberman offers to personally hunt down terrorists in Yemen, massive regional war approaches.

 

 


 

 

LAST WEEK IN MAYHEM

 

Evidence the Federal Reserve is monetizing treasuries by proxy emerges

Sprott Asset Management has released a report titled "Is it all just a ponzi scheme?" which delves into Treasury Bulletin data to examine the possible covert monetization of US Treasury Debt.  For those who have been analyzing these market for some time now, it has become clear there is covert and implicit support for the US Treasury Market through the US Federal Reserve.  Signs include the fact that Treasuries are sold by the corrupt US Govt to primary dealers (JPM, Goldman, Credit Suisse, etc) , and then within a matter of days are purchased from the primary dealers by the US Fed with its magical printing press.  We have the serial numbers , boys.  This is not rocket science.

However, even this covert support cannot account for the massive new funding requirements of the insolvent US Govt.  Sprott Asset Management has provided us with a significant piece to this puzzle in their Dec 2009 report.  In this report, they calculate the US Govt increased public debt by $1.885 trillion dollars in 2009.  The government is deeply insolvent.  How can this continue?  There are ostensibly three main categories of USGovt debt buyers.

1) Foreign Buyers   (namely, foreign governments)

Foreign Buyers, aka category (1), have been drying up.  And rightfully so , as we enter a profound new phase in the global financial meltdown, this time involving roulette for sovereign debt default (shall we place bets?)  .  China cannot be a net buyer of Treasuries when they are strengthening the yuan to prevent food riots in Xinjiang.

2) US Fed

Yes, this has been analyzed in depth here at Zerohedge.  The Fed is covertly monetizing debt through a game of hand-the-baton (where 'baton' means acidic US Treasury debt).  US Treasury -> Primary Dealer -> USFed.  The game is very simple since the Fed has a magical printing press.

3) "Other Investors"

This is where things get interesting, where Sprott has discovered an elaborate and interesting statistics game. There is a sub-category in the Treasury Bulletin report under "Other Investors" titled "Households".  Households supposedly comprise the bulk of new Treasury Issuance not in categories (1) or (2).  But are we really to believe that Joe Sixpack, deeply underwater on his mortgage, is purchasing government debt through Treasury Direct?   I think not.

The "Household" category under "other investors" purchased only $15 billion worth of treasuries in 2008.  But They purchased $528.7 billion of treasuries by the end of Q3 2009.  Excuse me - - what?!  An increase of 35x from 2008 to 2009! From $15 billion to $528 billion!  Hahahahaha!

 Well, as it turns out, the "Household" sector is a catch-all category, calculated as residuals. This indicates that SOMEONE, for example a secretive VA-based US hedge fund operating with implicit government support with billions to throw around, is providing covert support to Uncle Sam.  To the tune of half a trillion!  Hahaha! This game will end in tears , folks!   And by tears I mean 'currency crisis'.

"The big block orders(market movers) come into the pit through paper. When I ask paper(GS, JPM,etc) who are they buying or selling for there are 6 funds that always are referenced. The Reston 6."

"These days there is no single entity, rather there are 6 large hedge funds located in the Reston Virginia, and DC area who are the commercial accounts.

The commercial accounts take their direction from either the Treasury or Fed depending on which branch has the lead. These hedge funds are the ones placing large orders to GS, JPM, etc... Market moving orders. So when you hear that 'paper is buying' large quantities on the floor you cannot really tell who it is and all you can do is speculate. It looks like it's coming from GS but they are just executing an order for a client. There is no trail back to Uncle Sam."

http://fofoa.blogspot.com/2009/04/covert-market-operations.html


VA-based PJM Capital:  Rumored to be possible front for covert US Treasury monetization. With $150mn under management, this is unlikely.  However, there are plenty of other hedge funds in and around Reston VA that could be operating as covert Treasury monetization fronts, responsible for the half trillion in funding during 2009.  Can you name the "Reston 6"?  Please send any information to project.mayhem.research [at] gmail

Sprott Calls The Fed "A Ponzi Scheme" As Half A Trillion in Treasury Purchasers Are Unaccounted For

http://www.zerohedge.com/article/sprott-calls-fed-ponzi-scheme-half-trillion-treasury-purchasers-are-unaccounted

 

 

 

 

 

 

John Williams warns of US hyperinflation


John Williams, publisher of ShadowStats.com, is warning of currency crisis.

Some highlights:

"In terms of the GDP, we are about halfway to depression level. If you look at retail sales, industrial production, we are already well into depressionary. If you look at things such as the housing industry, the new orders for durable goods we are in Great Depression territory. If we have hyperinflation, which I see coming not too far down the road, that would be so disruptive to our system that it would result in the cessation of many levels of normal economic commerce"

With all the talk of deflation-this and deflation-that , many incompetant analysts are missing aspects of systemic crisis which are almost always currency-driven events.  Take for example the Argentinian debt default.  Hyperinflation , or in other words currency revaluation, was preceded by deflation.  Think of it as in how the ocean goes out prior to being flooded by a tsunami.

Hyperinflation is a CURRENCY driven event.  It is primarily a function of confidence.  Confidence can evaporate in a heartbeat due to war, false-flag terrorism, disease, famine, or any number of other supposed 'black swan' events, which are not all that unpredictable after all, considering all of these events benefit corrupt governments.  Prudent individuals are preparing for unknown unknowns , which we all know are coming.  The result of the black swan getting sucked into the aircraft engine will be currency crisis.  Read the full John Williams interview here.

http://www.fairfieldweekly.com/article.cfm?aid=16014


UN to produce bullion coins as world currency

Posted by sakerfa on December 24, 2009

The announcement by the United Nations this week that it will license the minting of silver and gold bullion coins bearing the UN logo may be the button that launches metal prices into orbit.

This one pretty much speaks for itself.  All of us need to do some hard drinking here at Mayhem HQ on New Years before I have anything more to say on this insanity.  Besides, "if you don't own gold, you are a fucking idiot."

http://dprogram.net/2009/12/24/un-to-produce-bullion-coins-as-world-currency/


Pakistan Destabilizing; Political Crisis seems unavoidable

Saturday, December 26, 2009

By Hamid Mir

ISLAMABAD: Prime Minister Yousuf Raza Gilani is desperately trying to get out of a political crisis, bordering chaos, created by his own colleagues but, unfortunately, he is looking helpless.
...
We reminded Gilani of the statements of Nawaz Sharif just a few days before the military coup in October 1999 when he was claiming that his government was not facing any threats.
...
Zardari and Gilani must fix a deadline for the implementation of the Charter of Democracy, in consultation with the PML-N, as soon as possible. Otherwise, the PML-N will be no more in a position to rescue the PPP government this time. Gilani must remember his own words that a clash between the institutions will ruin everything.

http://www.thenews.com.pk/top_story_detail.asp?Id=26303

 

Let me translate:  Pakistan is on the brink of a political crisis.  The situation is similar to what happened in 1999 just prior to a military coup which installed Musharraf.  This time around, the Pakistani Supreme Court has ordered the Federal Government to proceed against attorney general Malkik Muhammed Qayyum in terms of anti-corruption actions. What this ultimately comes down to is a political crisis between various branches of government. Namely the Pakistani Federal Government and the Pakistani Supreme Court.  The party in power -- the PPP (assasinated Prime Minister Bhutto's party) -- is not carrying out orders mandated by the Pakistani Supreme Court.  This is causing institutional deadlock, and may ultimately result in the government's collapse and/or the military taking control.


Pakistani Prime Minister Yousuf Gilani's government is on the brink of a political crisis

The reason Pakistani government collapse may happen is if the current government continues to refuse to implement the Supreme Court's orders, the SC may invoke the Army for its help -- and once this is triggered, the Army may take control of civil society.  That is, the army may be invited to 'help' by various provincial governments, circumventing the Federal Government.  This situation could get very complex very quickly.  Civil war remains a possibility -- and is perhaps a goal of the intelligence agencies and special operations forces on the ground.

Blackwater Mercenaries Operating in Pakistan

"The residents are mainly concerned about Blackwater’s reputation as a ruthless, unbridled private army whose employees face multiple charges of murder, child prostitution and weapons smuggling in Iraq."

http://www.haqeeqat.org/2009/08/02/us-blackwater-xe-mercenaries-spread-fear-in-peshawar


Day of mourning in Pakistan's Sindh province


The government in the Pakistani province of Sindh has declared a day of mourning after a suicide attack in its capital, Karachi, killed 33 people.

http://news.bbc.co.uk/2/hi/south_asia/8433289.stm

 

What we see above are more instances of instability, indicating more problems to come in Afpak in 2010.

 


An F16 delivers Christmas gifts to Pakistan.  Don't open them!


Lieberman advocates opening front in Yemen

The Connecticut senator said that an administration official told him that "Iraq was yesterday's war, Afghanistan is today's war. If we don't act preemptively, Yemen will be tomorrow's war."

http://thehill.com/blogs/blog-briefing-room/news/73651-lieberman-yemen-will-be-tomorrows-war-if-preemptive-action-not-taken

Haha!  Wow.  A botched Christmas turror attack has led Lieberman to recommend invading Yemen.  Not to mention now  aircraft are basically flying prisons (stay in your seat!  your papers please!  take off your shoes!  take off your belt!).  This due to tenuous evidence linking a wealthy Nigerian son to Yemen -- evidence provided by the Alexandria, VA spook outfit IntelCenter.   I'm not buying it.  How about we send the politicians, namely Lieberman, to fight in Yemen,  and let's see how long these wars last.  Or whether the 'political will' to fight them remains.  This is getting so surreal sometimes I wonder if I have woken up in the twilight zone. What people need to understand here is that the stage is being set for regional war in Central Asia.  Yes it is unfortunate, but that is what is being designed.  There is a massive regional war on the way. 

 


The coming war will look something like this.  Now you can see how Yemen fits in.

 

 

Well, regardless, I hope everyone had a good Christmas.  Let's all have a drink with good friends on new years and resolve to put a stop to this criminal insanity in 2010.

Here's the week's calander:

 

source:  cmegroup

In any case, I have a book I picked up highly recommended to all readers:

"Each chapter of Empire of Illusion makes a
strong case for how different illusions — of literacy, love, wisdom,
happiness — taken together are destroying the American mind, culture
and the nation itself."
National Post

http://www.amazon.com/Empire-Illusion-Literacy-Triumph-Spectacle/dp/1568584377/ref=sr_1_1?ie=UTF8&s=books&qid=1262081820&sr=8-1

 

PMR will return with regular updates on Jan 4, 2010. 

 

 


 

 


Project Mayhem Research (PMR) is a DC/Baltimore-based grassroots think tank dedicated to exposing corruption worldwide. PMR is affiliated with Zerohedge.com, a popular and growing anti-corruption site, through contribution of free articles for the public. Topics include the politics of war and weapons systems, unexpected applications of cybernetics, the growing international surveillance state, global warming 'deindustrialization' economics, broad systemic international corruption , in-depth policy analysis of studies from bank and military funded research groups, genetic analysis and surveillance of pandemic influenza, corruption in the international gold market, the power structure and history of the global elite, and analysis of their political objectives expressed through monopolistic international finance capital (read: powerful banks) between now and 2050.

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Wed, 12/30/2009 - 10:49 | Link to Comment RockyRacoon
RockyRacoon's picture

Update on UN to produce bullion coins as world currency

I have contacted the original author and here is his response, in part:

The article is by my TFN, "The Future News; Good news ahead of its time" and
is for discussion purposes only.

Conclusion?  Fantasy presented as fact.   You've been punked!

Tue, 12/29/2009 - 21:08 | Link to Comment Hephasteus
Hephasteus's picture

I support ethnic cleansing if the the only ethnic is blackwater.

Tue, 12/29/2009 - 20:42 | Link to Comment Anonymous
Tue, 12/29/2009 - 19:28 | Link to Comment Anonymous
Tue, 12/29/2009 - 19:04 | Link to Comment deadhead
deadhead's picture

Not much to add from me this week though i would like to reiterate my call that Obama will have them marching into Pakistan.  I'm trying to figure out if the USA will simply confiscate all the nukes.....

Tue, 12/29/2009 - 17:20 | Link to Comment Anonymous
Tue, 12/29/2009 - 17:03 | Link to Comment Fur Trader
Fur Trader's picture

Another great post, thank you PM.

Just having a pre-cocktail cocktail, it's frigin' cold up here today.  I received Black Swan as as Christmas gift, mine published by 'Random' House.....and I see Empire of Illusion is, of course, written by a 'Hedge's.... have I had too much to drink?

I'll be buying that one with a Christmas gift card from Chapters.  Just tryin to kep the economy going.

Tue, 12/29/2009 - 16:22 | Link to Comment Apocalypse Now
Apocalypse Now's picture

Ron Paul questioning latest plane incident (in response Ben Stein calls Ron Paul an anti-semite): http://www.youtube.com/watch?v=rBNG1F77eoI&feature=player_embedded

Obama gives world police new powers superceding the constitution, this should be news:

http://www.wnd.com/index.php?fa=PAGE.view&pageId=120363

 

Tue, 12/29/2009 - 17:12 | Link to Comment JR
JR's picture

Thanks for the heads up!  The scurrilous accusation against Ron Paul ought to finally bring us to this conclusion:  It’s time to stop calling people names and fashioning agendas contrary to U.S. interests and time to begin asking questions.  Ron Paul’s questions demand answers.

In this material, I’m struck by a question being asked in the news report, Obama Gives Foreign Cops New Police Powers in U.S.: Does INTERPOL have a file on Obama – or his associations?

Obama’s Executive Order change (his Dec. 16 amendment to Executive Order 12425) gives the international police force, INTERPOL, immunity to operate in the United States with exemption from being subject to search and seizure by law enforcement, exemption from U.S. taxes, and immunity from Freedom of Information Act (FOIA) requests, etc…

Does this Obama action now lead to placing America into the jurisdiction of the International Criminal Court?  In light of the actions taken by Obama and his banker masters, supported by their congressional puppets during 2009, the resulting grand question then becomes: Who is Obama?

Tue, 12/29/2009 - 21:01 | Link to Comment Harbourcity
Harbourcity's picture

Who is Obama?

He's the president, stupid. :)

Tue, 12/29/2009 - 15:59 | Link to Comment Careless Whisper
Careless Whisper's picture

Just when we thought Goldman was having all the fun with ratings and crashing and shorting and all that profitable stuff, MorganStanley gets slapped with a bazillion dolla lawsuit on Christmas eve alledging fraud;

http://www.reuters.com/article/idUSN2915356120091229?type=marketsNews

 

Tue, 12/29/2009 - 15:00 | Link to Comment callistenes
callistenes's picture

Did you (would you) get your H1N1 shot?

Tue, 12/29/2009 - 15:55 | Link to Comment DosZap
DosZap's picture

NO way...................now their available.

I take the A & B types, no prob, if you have EVER had the Flu, you will take the shots...Once was enough for me.

Tue, 12/29/2009 - 14:31 | Link to Comment Anonymous
Tue, 12/29/2009 - 17:50 | Link to Comment Anonymous
Tue, 12/29/2009 - 14:29 | Link to Comment Unscarred
Unscarred's picture

Needs more deflation whale!

http://i36.tinypic.com/11k85k3.jpg

PM, thanks for the book recommendation, brother!

Tue, 12/29/2009 - 13:59 | Link to Comment JR
JR's picture

Ah, 2010.  What’s our biggest New Year’s problem?  The Congress of the United States.

Exhibit A:  Joseph Lieberman. Here is the neo-con’s pal, praised by the Hannitys and the Let’s-Kill-Them-All right wing; meeting regularly with the Democratic Caucus, all the while a sure vote for Obama care--no way was this senator going to deny Obama his State of the Union victory lap—a dancing red target to give the Progressives their late December enemy, but in the end delivering the goods for the Progressives and the Connecticut-based insurance companies, the most reliable vote for the Israeli lobby. The most perfect example of the exploding growth in special-interest pressure, including Big Bank Money--the reason for the death of representative government in America.

Who, just who, is that mysterious United States citizen that Sen. Lieberman represents?

Tue, 12/29/2009 - 15:40 | Link to Comment Jewelsnorth
Jewelsnorth's picture

Gee, why not mention the Senator Lieberman's passing resemblence to Senator Palpatine while you're at it?

Tue, 12/29/2009 - 14:39 | Link to Comment chet
chet's picture

Why Lieberman is the distinguished Senator from Zion, of course....  Oh, I meant Connecticut. 

Strange slip of the tongue.  How could I have made that mistake?

Strange how the neocons truly seem to believe that a US-led WWIII against all of Islam would somehow be in our or Israel's interests.

My primary concern is the USofA, and I say time to cut our losses and get the fuck out of the whole region (maybe with some support presence in Iraq a while longer).  Periodically irradicate the poppy fields from the sky.  If the Taliban comes back, bomb the crap out of every govt building, highway and bridge in the area.  If they come back again, bomb again.  Always from they sky.

Tue, 12/29/2009 - 13:32 | Link to Comment DosZap
DosZap's picture

I am more at a loss where they come up with a $500.00 figure on the Gold Coin.

IF that's a 1oz. coin........what would that do to the Gld Mkts....

Plus, where the hell they going to get enough Gold to mint what would be required?.

Not enough on the planet "Mined" to come close to enough,esp at $500.00..............

Something stinks.

We going back to a World Std on what it's WORTH?.
Yep, that will send folks on a trip taht paid $1200.00 an oz. for it......or even less.

Tue, 12/29/2009 - 16:41 | Link to Comment Apocalypse Now
Apocalypse Now's picture

Did you ever think to consider what the size of the coin is before sharing your random thoughts?

You are either a troll or ignorant and have never traveled to Europe because you would have handled a Euro coin which is much smaller than an ounce.

We can be sure that the Rothschilds have gold and silver stockpiled or controlled (major ownership in mining companies) and are pushing for a gold/silver standard.  If I had the worlds largest copper supply I would probably suggest a copper monetary standard.

Tue, 12/29/2009 - 17:23 | Link to Comment Shameful
Shameful's picture

Do you actually think the banking oligarchs would move to a sound money system?  Now if they have stockpiles of gold that would be to their advantage but doesn't the ability to print magic money and manipulate value benefit them more?  Or do you see this as the next stage when nations print themselves into worthlessness and this to be an alternative to pacify the population?

I've heard this theory before and it's intrigued me so I have to ask my questions :)

Tue, 12/29/2009 - 19:41 | Link to Comment Anonymous
Tue, 12/29/2009 - 13:18 | Link to Comment Lndmvr
Lndmvr's picture

Have a friend in Kiev doing a DOD project for the last 6+ years. He got the flu and was out for 2 weeks. He doesn't relate and major problems.

Tue, 12/29/2009 - 13:10 | Link to Comment Leo Kolivakis
Leo Kolivakis's picture

PM,

Thanks for the book recommendation, I will pick it up. I wish you and the rest of the crew at ZH a Happy New Year!

Tue, 12/29/2009 - 12:36 | Link to Comment Argos
Argos's picture

I thought that the U.N. was broke?  How can they afford to mint coins?

 

Remember the game 'Risk'?  War always happened first and foremost in the Central Asian region.

Tue, 12/29/2009 - 16:16 | Link to Comment Anonymouse
Anonymouse's picture

Seignorage is a nice source of income for sovereigns and wanna-bes (e.g., UN).  It also gives them a foot in the door for taxation.  After all, if it is their currency, they can tax it.

Also, it gives them a lever to use against the US.

 

[By the way, in Risk the war generally started in Australia as it was the best place to use as a base.  Central Asia is impossible to hold.  Of course, all that is beside the point, I just happen to be a fan of the game]

Tue, 12/29/2009 - 23:21 | Link to Comment RockyRacoon
RockyRacoon's picture

In reference to the U.N. producing gold/silver coinage:  The dprogram.net reference is a 3rd level reference to the original examiner.com article.  The Vancouver-Humanism-Examiner article's author is Dwight Jones.  Here is a link to his website: http://humanist.ws/   I've downloaded and searched the U.N. Trade and Development Report 2009.  There is no reference to the coinage in the .pdf at all (granted, none is promised).  Detlef Koffe (Koffee) is not found, bullion currency is not found, as other other key words I entered. A further search at the U.N. website shows no references either.  Also, checking the Federal Reserve site for PATRICK PAULSEN gets nowhere.   A link to "the panel" is not provided anywhere, and I was unable to do a good search for its existence or report due to the loop-back to the quoted dprogram.net article.  Round and round. 

I'll apologize in advance if my search skills seem to be ineffective and inadequate to some.  Can we get some links to any U.N. statement about producing said coinage?  I really want to get some meat on that skeleton.  Help from anyone?

Otherwise, I say you've been punked!

Tue, 12/29/2009 - 12:46 | Link to Comment Shameful
Shameful's picture

My reading of it was less to do with them minting and more them licensing mints to make their coins and sell them.  That was my reading of it, but I might be mistaken.  If it is licensing then it would be quite cheap for them since they would only need to make the stamps/molds for the coins if that.

Tue, 12/29/2009 - 12:29 | Link to Comment Andrei Vyshinsky
Andrei Vyshinsky's picture

Our government of fascists and crypto-fascists is readying us for the next aggression beyond Iran, this time Yemen, and mostly based on a botched airliner bombing. Given the very strange circumstances leading to this episode, the bomber being given access to the flight without his having a passport and after clear warnings from his family about his instability, one has little trouble conjuring up the faux causus belli these brownshirts will use to justify it. A couple of links that ought to illuminate in this connection:

http://original.antiwar.com/justin/2009/12/27/the-lap-bomber-mystery/

http://vdare.com/roberts/091228_israel.htm

Tue, 12/29/2009 - 13:48 | Link to Comment DosZap
DosZap's picture

Andrei,

Seriously, you think Barry would start a new front?

Tue, 12/29/2009 - 15:41 | Link to Comment A Nanny Moose
A Nanny Moose's picture

You think he would not? Why?

Tue, 12/29/2009 - 14:42 | Link to Comment Andrei Vyshinsky
Andrei Vyshinsky's picture

Doszap,

Since you prefaced your comment with the word "seriously", I'll take it on its face, otherwise I'd think you were being appropriately sarcastic. :-)

Well, since Obama is simply a willing front for the interests, I'd suspect he'll simply do what they are so avidly pressing on him: War, whereever and as soon as possible. Raimondo's piece above forcefully suggesting that this whole "terrorist" episode is simply a set up bears notice. His is an excellent analysis. Yet even if this thesis should prove falacious, there's the omnipresent agitprop vomitted by the Likudist neo-cons, the Israel Lobby and their ReichsChurch stooges in Evangelical Christianity. These folks want war and want it at all costs. They are not above lies and public deceptions to see that their aims are realized. Remember the WMD puke they foisted off on a gullible public prior to the aggression against Iraq. These vermin are unconscionable. And when the peoples' time arrives as eventually it must, the scum in government and the lobbies that have made the suffering and deaths of so many possible through calculations of this kind will be behind barbed wire awaiting interrogation and public trial. In my view, long sentences at hard labor in some public penal colony would be suitable for these snakes. After all, some redeeming value needs to be extracted from these otherwise worthless pigs, eh?

Tue, 12/29/2009 - 18:44 | Link to Comment Anonymous
Tue, 12/29/2009 - 15:35 | Link to Comment Orly
Orly's picture

Exactly.

We can re-instate the Gulag Archipelago for them.  I can only imagine what M. Putin would do to these criminals...

Tue, 12/29/2009 - 12:03 | Link to Comment Anonymous
Tue, 12/29/2009 - 11:59 | Link to Comment Anonymous
Tue, 12/29/2009 - 11:49 | Link to Comment Anonymous
Tue, 12/29/2009 - 11:35 | Link to Comment Shameful
Shameful's picture

Great post again PM!  Have to agree about the lunacy of them magically drawing a line between underbomber and Yemen.  But it does make sense to secure another oil route if we invade Iran and they shut down the Strait of Hormuz.

I'm torn on UN gold...it's probably bullish on gold but my hate for the UN is strong...

Tue, 12/29/2009 - 13:03 | Link to Comment Smu the Wonderhorse
Smu the Wonderhorse's picture

If I don't own gold, I'm a what kind of idiot?

Tue, 12/29/2009 - 13:21 | Link to Comment Shameful
Shameful's picture

Sorry you got the wrong guy, I like gold but I think there are a lot of good investments out there, and I expect some of them to out preform gold.  I picked gold because I'm not a professional trader and think it's easier to navigate.  So you'll get no name calling from me.

And I'll clarify the UN comment.  I know people who work for them and they're great folks I just see the UN as I see most Gov entities, corrupt and far more trouble then it's worth.

Tue, 12/29/2009 - 18:10 | Link to Comment Jean Valjean
Jean Valjean's picture

So they're corrupt great folks?

Tue, 12/29/2009 - 18:39 | Link to Comment Shameful
Shameful's picture

As an organization sure, individuals decidedly less so.  Our Fed Gov is massively corrupt but I don't claim that my mailman is on the take.  That privilege is reserved for the big boys.  Sadly my circle of friends does not include the rich, powerful, and corrupt...if it did maybe I wouldn't have to work for a living :)

Tue, 12/29/2009 - 15:26 | Link to Comment Harbourcity
Harbourcity's picture

I picked gold because I'm not a professional trader and think it's easier to navigate.  So you'll get no name calling from me.

 

/applause.  This is the reality.  Silver and Gold are good investments for people who aren't traders and want to plan for the future.  We need more people talking like Shameful and few less gold bugs.

Tue, 12/29/2009 - 11:22 | Link to Comment Lou629
Lou629's picture
Deadly flu spreads across Ukraine

Deadly flu spreads across Ukraine

"Deadly flu continues to spread across Ukraine, criminal World Health Organization lies to the public, MSM maintains radio silence. "

--------------------------------------------------------

PM,

You forgot to include a report telling us that this is at least the sixth week in a row that the msm have conspired with the 'criminal' WHO to kill the story about the deliberately released killer-flu in Ukraine, and didn't report the millions of casualties they must still, no doubt, be covering up.  LOL!!

Tue, 12/29/2009 - 12:44 | Link to Comment Internet Tough Guy
Internet Tough Guy's picture

That killer Ukranian flu story is so November 2009. On to the next, even more terrifying conspiracy.

Wed, 12/30/2009 - 11:51 | Link to Comment wang
wang's picture

#

Tue, 12/29/2009 - 15:24 | Link to Comment Harbourcity
Harbourcity's picture

I think my neighbour killed his wife, can I submit that for a future Project Mayhem article?

Tue, 12/29/2009 - 17:02 | Link to Comment Anonymous
Do NOT follow this link or you will be banned from the site!