Mike Krieger Interviewed

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Sat, 05/28/2011 - 13:52 | 1319483 Ecoman11
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(Reuters) - European clearinghouse LCH.Clearnet confirmed on Saturday it has received a string of offers from exchange operators interested in pursuing some form of business tie-up but said talks were still at an early stage.

Offeres were made by NYSE Euronext, Nasdaq OMX Group and London Stock Exchange Group. LCH.Clearnet regulates margin rates for HKMEx, LME and OTC Gold.

It's going to be a rough ride if this deal goes through.

Sat, 05/28/2011 - 14:11 | 1319510 pton09
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Didn't krieger support obama?

Why are we supposed to listen to this guy?

Sat, 05/28/2011 - 14:17 | 1319519 The_Euro_Sucks
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Because he makes lots of sense in this interview. Listened to it?

Sat, 05/28/2011 - 15:27 | 1319610 Thomas
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Yup. Judge the argument. BTW-Aristotle is credited with stating that an educated man can entertain an idea without endorsing it (so be careful even about judging the argument).

Sat, 05/28/2011 - 21:37 | 1320100 samsara
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Why is that point lost on so many Thomas?


People think everyone has to be a hundred percent right or what they say is useless.  

The insight one gets, is your own internalization of what someone says.  NOT the fact that the person was 'Correct' or not.

Sun, 05/29/2011 - 09:21 | 1320440 goldfish1
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People think everyone has to be a hundred percent right or what they say is useless.

Perhaps we have become jaded by the certainty that most pundits speak to enrich their own kind. So caveats like "he's a obama supporter" is a factor one may wish to consider when deciphering the information offered.

Sun, 05/29/2011 - 09:24 | 1320441 goldfish1
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Sun, 05/29/2011 - 17:45 | 1321227 Reptil
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Sat, 05/28/2011 - 14:24 | 1319530 Rynak
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Trust does not make something true or untrue... it's just a tool to estimate the probability of something being true, if you cannot verify something yourself. If you can verify something, trust is irrelevant to truth.

Sat, 05/28/2011 - 14:23 | 1319533 pton09
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Yes, I can think for myself but I question why ZH pushes krieger so hard?

He isn't all that insightful and doesn't have a great feel for things.  He is an egomaniac, but if we are going to have an egomaniac plastered everywhere might as well be a smart egomaniac like Peter Schiff.

Sat, 05/28/2011 - 14:25 | 1319538 Rynak
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I have no answer to your question.

Sat, 05/28/2011 - 15:12 | 1319593 Transformer
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And I have nothing to say to your reply.

Sat, 05/28/2011 - 17:01 | 1319743 Dejean Splicer
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"why ZH pushes krieger so hard"?

Answer: It's pay to play on the hedge. He who pays the most, gets the most attention unless of coarse you want silence.

I hope Goldman understands this. Silence is Goldman.... Silence is gold man.

~D'jean Splicer

Sat, 05/28/2011 - 14:33 | 1319552 cosmictrainwreck
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answer: because he's a trained mathematician (PhD), and LA lawyer (intellectual property) big in the whole internet-wars thing, a key hot-button at ZH. As to Mr. Schiff, yes, he's an egomaniac, and also a jerk-off. You never hear about how much money he lost for his clients (neighborhood of 80-90%) on the lame excuse (this is a quote) "well - eventually, I'll be proved right" [emphasis mine]

Sat, 05/28/2011 - 17:16 | 1319765 Banjo
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Clearly they were the clients that didn't diversify into gold and silver. Do you have any specific examples to cite? Can you elaborate as to what percentage of clients lost 80-90% and wat percentage of their portfolio was hit? That statement outright defamation and slander.


A more rational argument would go something like this X firm has 1000 clients. During the year of the GFC.

z number of Clients invested in 100% gold made 5%

p number of Clients with 50% in gold and 50% european shares lost y%

q number of Clients with 30% exposure to Lehman.


Point is blanket statements like yours are factually incorrect and portray a business in a negative light without accurately backing up your claims. I know this story of Peter Schiff losing his clients money was big new in 2009 as the video Peter Schiff was right was doing the rounds.

I do not subscribe to his view on EUR v USD. I certainly believe in diversification and am a HUGE fan of metals Gold and Silver. I think Peter Schiff is dreaming if he thinks he will get into politics and make a difference.


Sat, 05/28/2011 - 23:10 | 1320194 cosmictrainwreck
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the losses occurred on mining stocks when they (and all stocks) hit the abyss. Diversify into gold & silver? He's Mr. Gold himself, ain't he? I could give a shit about "slander". Fuckin' rumors fly every day...half the shit on the web is bogus.

Sat, 05/28/2011 - 15:53 | 1319642 Sophist Economicus
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I agree.   I think the guy is a putz!   He never says anything that hasn't been said by somebody else before.   I don't get it either....

I think he wants to be the Grand Poobah for 'Enlightened Sheeple'...



Sorry Mike, you suck and your objective is  transparent

Sat, 05/28/2011 - 16:54 | 1319739 Id fight Gandhi
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Meh. I'll think fer myself. Why is this on zh?

Sun, 05/29/2011 - 02:17 | 1320298 dark pools of soros
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then fuckin turn off ZH since the same shit has been said forever and ever since gold was used to buy pussy

Sat, 05/28/2011 - 14:23 | 1319532 Shell Game
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Kreiger's human, not a moron. I'm thinking he's not happy with his choice at this point.  Just like he wouldn't be happy if he'd voted McCain.

Sat, 05/28/2011 - 18:36 | 1319768 Dejean Splicer
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I hope he's disparaged enough to eat a little Ricin. If you know what I mean. Voluntary consumption avec une note de suicide.

Sat, 05/28/2011 - 20:45 | 1320048 Shell Game
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Pretty angry for a molecular biologist..

Sun, 05/29/2011 - 01:04 | 1320261 tarsubil
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I once saw a presentation from the FBI talking about Ricin cases and one involved a retarded man. No kidding. The agents were thankful he labeled the ricin jars with "ricin, do not eat - poison".

Sun, 05/29/2011 - 02:19 | 1320302 dark pools of soros
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and that shows you who the cops can catch... and if Tyler keeps these damn auto start video ads this place will go to the shitter

Sun, 05/29/2011 - 16:10 | 1321009 Dejean Splicer
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Woops my mistake. I thought I read Krugman. The thread starter was talking about the author while I mistaken thought he was talking about Krugman.

Anyhow, how about some Ricin for everyone! Ricin-Krispies maybe.

Sat, 05/28/2011 - 14:44 | 1319547 Youri Carma
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There were a lot of what are regarded as 'well thinking people' who supported Obama cause they were ill informed. They didn't listen to Webster Tarpley http://tarpley.net/

btw Good point Krieger "Central Banks don't have Silver" http://www.youtube.com/watch?v=FkJFPZIAfp8#t=11m25s

Sat, 05/28/2011 - 16:06 | 1319660 Youri Carma
Sat, 05/28/2011 - 17:54 | 1319831 Yits and the Yimrum
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the statists will support their latest prophets, and drink freely their idiot kool-aid, and not give up their dreams of fiat utopia

those that are already feeling the jackboot ramming them in the head will be undergoing a virtual, spiritual experience, and hence the homelandt security matrix will deal with their disappointment as required

anybody tells me they are are demo or rethug, I write off as a dumb ass

Sat, 05/28/2011 - 18:01 | 1319839 baby_BLYTHE
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Tarpley is the shit. He is the type that would have lead geo-political/economic conversations in the first class smoking room on the Titanic

Sun, 05/29/2011 - 10:16 | 1320488 Tater Salad
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"Tarpley is the shit. He is the type that would have lead geo-political/economic conversations in the first class smoking room on the Titanic"


You act as thought there's something wrong with that...

Sat, 05/28/2011 - 18:43 | 1319896 Dirt Rat
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Tarpley used to post here on ZH under the user name "geopol". He must have deleted his account because the only place I can find him here is from google search results.

Sat, 05/28/2011 - 14:54 | 1319572 pops
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OK, he was an idiot for voting for Obama. 

How would voting for McCain have made him any less the idiot?

"Paper or plastic?"

Sat, 05/28/2011 - 15:02 | 1319584 trav7777
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what makes you an idiot is your false dilemma

Sat, 05/28/2011 - 16:02 | 1319658 baby_BLYTHE
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Anyone with a sub-standard IQ could see-through the BS surrounding Obama mania going all the way back to his election as Senator of IL.

Sat, 05/28/2011 - 16:11 | 1319670 Rynak
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I think what trav was hinting at, was that the premise of voting for ANY of both, is bullshit. It's not "either vote for A or vote for B". If both are shit, don't vote or vote for some minority you like even if it has no chance of winning.

Sat, 05/28/2011 - 16:43 | 1319711 Muir
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Sat, 05/28/2011 - 16:50 | 1319730 pops
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Paper or plastic?   Dem or Repub?  Left or right? 

Same-same water buffalo.



Sat, 05/28/2011 - 17:03 | 1319748 Dejean Splicer
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Or vote with a bullet.

Sat, 05/28/2011 - 22:27 | 1320165 Plata con Carne
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I think it was someone here who said When faced with having to choose between the 'lesser of two evils,' why choose any evil?  

Sat, 05/28/2011 - 16:56 | 1319736 bbq on whitehou...
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You don't get elected by telling people things they don't want to hear. Obama just told all the boomer things they wanted to hear.

I don't blame Obama for doing what he did to get elected i blame him for not using the opportunity to do somthing exceptional.

Few are given the task of being entrusted with the dreams of a nation; fewer are willing to act on those dreams.

Obama has his chance to be a strong leader instead he became nothing but another weak one.

Nobility comes not with birth or title it comes from character. Either you choose to stand your ground and die or you submit to stronger forces.

The choice is you die for your belief or you find something else to believe in.

Sat, 05/28/2011 - 17:01 | 1319745 pops
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When Clinton and Obama sneaked off to meet with the Bilderberg bunch, they were probably shown a replay of the Zapruder film.

When the choice is payola or your brains in your lap, it's not really a choice.  Which would you choose?

Sat, 05/28/2011 - 21:24 | 1320092 samsara
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Yes, Pops,  I saved those new articles. 

<<<   The Bilderbergs were meeting in Chantilly Va at the same time.  .>>>     The press that had been traveling with Obama were not made aware of the secretive meeting until the plane that they assumed Obama would be present on was moving down the runway, prompting many angry questions from the press towards Obama’s spokesman, Robert Gibbs. One reported asked Gibbs, "Why were we not told about this meeting until we were on the plane, the doors were shut and the plane was about to taxi to take off?" to which he responded, "Senator Obama had a desire to do some meetings, others had a desire to meet with him tonight in a private way and that is what we are doing." This preceded another question, "Is there more than one meeting, is there more than one person with whom he is meeting?" Gibbs simply replied, "I am not going to get into all the details of the meeting." He again later repeated that, http://www.globalresearch.ca/index.php?context=viewArticle&code=20080609&articleId=9270
Sun, 05/29/2011 - 07:07 | 1320381 Tim White
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   Couldn't add alot to that comment...

Sun, 05/29/2011 - 18:52 | 1321357 Cathartes Aura
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. . . and Dubya didn't need any help in pattern recognition, since his daddy was head of the CIA, and they all came from a long line of successful overseers.

Sat, 05/28/2011 - 17:09 | 1319760 Dejean Splicer
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"Obama just told all the boomer things they wanted to hear."

Remember all the jews back then? They were like, OMG no I will not vote for Ohblackma. Then that big nose hideous Sarah Silverman comes out and strongly supported and that fuckface Seinfeld also. Comedians pull some weight with the joobies.

Anyhow, not that the joo vote matters but it's funny how that community flipped on a dime when the hollywooders jumped in.

Sat, 05/28/2011 - 20:37 | 1320043 NOTaREALmerican
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> Obama has his chance to be a strong leader instead he became nothing but another weak one.

The obsession with "The Big Kahuna" leader is why Americans are always so shocked SHOCKED when their political fantasies don't come true.

"The Big Kahuna" comes WITH the Party. The Blue Team was backed by the one group of multi-billionaires and Red Team by another. You vote for the advertised Big Kahuna you get all the assorted scum and sociopaths that infest the Party too, and the assorted scum and sociopaths make the decision NOT the advertised Big Kahuna .

Sun, 05/29/2011 - 02:23 | 1320304 dark pools of soros
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when TARP was voted down and BOTH canidates ran to the Senate to 'get those 12 votes' how did anyone not wake up at that point about the whole fake dem/repub 'choice' ??  Then to see the 12 repubs sell their votes for $130 bil or so, you had to think it was just theater of a decision already made at the Bildebergers...

Sat, 05/28/2011 - 17:25 | 1319777 theMAXILOPEZpsycho
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yes I see; he had no choice. Like a kiddy toucher saying, "well, that little girl had a pretty skirt on - but the other one had nice pig tailes; I went for one but I didn't touch the other; I had to chose one of them after all"

By your logic he's inocent

Sat, 05/28/2011 - 15:36 | 1319624 JW n FL
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by pton09
on Sat, 05/28/2011 - 14:11


Didn't krieger support obama?


did you want 4 more years of Bush?

McSame would have been handled differnet by the lobby how?

maybe abortion would be being discussed..

But Obama is Bush.. worse as a matter of fact and the reason he can be worse is becuase he is a liberal commie.. thats how he takes away more and more of our freedoms every fucking day..

So, tell me why.. you dont like Obama? you are a republican.. he has followed Bush's road map plus plus plus.. so what is it?


Sat, 05/28/2011 - 21:17 | 1320087 samsara
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For the life of me, I can't see why anyone with any brain can't see that he is indeed Bush III.  Extend the Patriot Act,  Give everything to the Corp's, continue the wars...

Only the blind fight of the battle of the false dichotomy of right/left, dem/rep.

I voted for None of The Above (wrote in Ron Paul), 

Correct as usual JW.

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