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Neofeudalism and the stealing of assets via fire sales-IMF the Hangman
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baboon petting zoo.....too funny
Those who know what we know and do nothing are playing the fool. Imagine trying to live on 50% of your gross. The 30% reduction in pay plus all the levies and additional VAT tax would be approximately that.
This is a war where nary a shot will be fired. The GREAT RESET is upon us. The people have to choose once again to live in a serfdom or fight for freedom. Nothing has changed except the majority have been tranquilized into doing nothing.
I for one now live in the underground economy, its a struggle but a hedge. Very little money is required and can be provided by being creative.
The mindset has to change drastically to survive what can only be a desperate outcome.
Buy some recapturable farmland, I would not trade you a bag of my potatoes for an ounce of your gold when the reset hits. Take this to heart when buying the shiny stuff. I have some and I believe in PM's but self sustainability will be the wealthy choice.
Funny piece. Again.
Nothing new.
Expansion has this very useful: it does not change. It is the same pattern everytime.
When Rome reached their expansion limit (different from nowadays as it was not the physical limitation imposed by the finite Earth), they looked everywhere outside of Rome and had to come to the conclusion they had looted all places they could have looted.
Only remained as unlooted: Rome. Rome during the period of expansion was given protection from the biggest expansionist in the court yard: Rome itself.
So the next step happened.
As expansion boons are given by expansion, the only way to get them is to keep expanding and the only place that could support expansion was Rome itself.
This gave stuff like the solidus and christianization of the roman empire.
As Christianity was imposed on the roman people, the protection owed to religious locations like temples was removed and could be looted at will. This is what happened.
Same here: people in the west rejoiced when they watched their expansionist elements plundered the rest of the world, it is was great time and were condoned through rationalization.
So what now? Expansionists look at the rest of the world and has to come to the conclusion that, save tiny pockets of resistance, there is no more room to expand there.
And what is the best place to expand now? The place that was given protection during the expansionist phase on an exterior: the interior.
The interior has to be looted now as it is only the only place to expand.
Sorry, US citizens, the world has run out of Indians to throw under the train to fund your US unique experiment.
Now is the time, now it is all over to you.
US world order.
Good job AnAnonymous: It's a perfect explanation of what is happ[ening. Which is why I have no fucking sympathy for the western nations as they cry foul. Up to now, it was perfectly fine as the west destroyed the rest of the world... and ironically, even today, as the west destroys the weakest of the segments of the west itself... poor / lower to middle class... the people of the west cheer and claim erroneously that these fuckers deserve what they're getting, with epithets like "greedy mother fuckers" / "fucking entitlements" / "lazy no goodnicks" / "fuck them and their pensions" / "teachers are overpaid" / "unions suck" / and so the sad story of lies continues.
It's a miracle, somehow, that this game is still not clear to almost anyone. People walk around with self-righteous indignation, not realizing they're the fucking problem.
My reaction to all of this? I say you lot fucking deserve everything you get. You greedy bunch of bastards. Still you think you're entitled to extract sweat from someone else's brow, so you don't have to. Fuck you.
hudson is good.
people in the US could use more alternative press like this.
http://sturdyblog.wordpress.com/2011/06/18/democracy-vs-mythology-the-battle-in-syntagma-square/
Max uses straight and simple english and makes his meaning plain. Anyone else like that speaking so average people understand the truth? If you don't understand who Max works for, you lose out.
keiser makes less and less sense as time goes by. i think it's also more than apparent he's bumping his 'assistant' . why is it that every source of alternative live news (televised or internet) must look like the rantings of an angry person. dylan ratigan maybe provides the best cool headed criticisms of whats going on.
Michael Hudson is part of a private distribution list I receive called UGLYNEWWORD. He's incredible and tells it exactly like it is, it's the new era of neofeudalism. Big private equity shops are vultures, salivating to pick up Greek and other countries' state assets at dirt cheap rates. Pension funds will fund the big buyout funds as they collect 2 & 20 for "adding alpha".
Yes, and remember when Max twitted that Steve Forbes was at the hotel next door hosting a conference on how to divvy-up the Greek assets? Vultures, not capitalists.
When the greeks sell you something they just whinge for decades wanting it back.
eg the elgin marbles. eh leo?
;)
While I don't claim to be a big fan of yours, Mr. Leo, every once in awhile you do state something brilliant, and I can only say "ditto" -- Prof. Hudson is truly one of the, or the, most brilliant econs alive today, certainly in the Western Hemisphere.
And he has been on target for at least the last 40 years --- and I'm unaware of any other econ who could say the same, although I also pay attention to Wolfe, Galbraith, Batra, Chang and a few others.
There is no such animal as "naked short sale". If you have something to sell, you are not "short" just a seller. This "naked" concept is used to fleece the stupid sheep. Short sellers are hedgers and specs.
What happens when you put up less then the total value of the asset to borrow to go short? I call bullshit but, I'm assuming this is sarcasm...I hope
All this shorting stuff kinda smells like casino ops. Why should anyone be able to borrow shares of anything to sell that they don't own themselves? I read that the rules were changed that all someone had to do was LOCATE the shares and then be able to sell them. Like someone called a mutual fund and asked if they had X amount of shares of company XYZ. They said yes but you can't borrow them. The shares were LOCATED and were then sold. Is this true ZH people? Also, because I'm one of the smallest fishs in this pond, I'd like to ask what useful purpose shorting any stock or commodity has to us small fish that expect a free market? I finally got fed up with the mining stock performance and went physical because something bad is going on that I don't understand.
Disclosure: Long physical gold and silver, ex-pat Thailand. :)
you have an excellent article on this matter of "naked short " on Rolling Stones magazine.
You can write a call option on a stock you own to go short ... sure the vast majority of shorts are naked, but it's not a completely meaningless distinction.
You arent exposing yourself to real alpha by doing that. You are just picking up the premium you charged the buyer. The only way to gain real downside exposure is to either borrow and short the underlying or buy a put.
There are no normal readers and commenters at this site, nor any experienced traders, nor anyone experienced with finance, global finance, etc., who will pay any attention whatsoever to this idiotic comment by oldmanagain!!!
Ignore this moron, please....
I probably have more experience than half this board added together.
You do not have to have a commercial interest to short a contract. If you are a large trader you must report your position. That's it. And they will not outlaw it for it is specs that take the other side in many contracts. Long or short. Exports and imports hedge.
Most conspiracy theories in metals, I say most, because warehouse shenigans are another matter, are fallacious. Fallacious because the markets do not operate as surrogate for cash transactions. Markets do tend to follow cash and vice versus, but the basis, the difference, fluctuates too.
You are either ignorant or lying. You can sell a stock without owning it. You have a few days to deliver. If you fail to deliver you are an "FTD." Certain entities seem to get away with it indefinitely.
You can also borrow a stock, which you don't own, and sell it. You are naked in that you have no stock to deliver back to the lender. State Street Bank, the largest pension fund custodian is also the largest securties lender.
"You can also borrow a stock, which you don't own, and sell it. You are naked in that you have no stock to deliver back to the lender."
But the non-naked shorter (that's most of us) must put up hard cash or equity to ensure that we'll have the funds to buy the securities when it's necessary on the open market. Our brokers are also liable so they watch the net value of our account. The Bad Guys don't seem to have any restriction and apparently even get to spend the money they got from the naked trade. It's possible to naked short a small company into oblivion and never need to cover the short. The proceeds of this embezzlement are often not even taxed!
They cannot deliver the silver, just cash. That's pretty damn NEKKID!
Well, I'm sure all those silver shorts have the metal to back up their bets:
http://www.caseyresearch.com/gsd/sites/default/files/Days%20to%20Cover_3...
Geez, you DO NOT have to own silver to short a contract on a futures exchange. Just put up margin.
Commodity shorts, like racoons, are quite a different animal from naked security shorts.
Naked security shorts are just a form of counterfeiting, a fraud. The buyer of one of these animals has no legal vote in company business -- the securities don't even exist as far as the company is concerned. But the buyer had no way to know that when he bought them, and normally doesn't even know it after he owns them.
Does exist indeed:http://en.wikipedia.org/wiki/Naked_short_selling
Some might argue that it's pervasive...
Keiser is right about the german fourth reich behind engineered eurozone "crisis" (he should know being german, and probably has ties to the oligarchy if his last name is Keiser). He is however wrong regarding Gaza and he also blatantly spreads the "global warming" hoax. Gaydar went off too.
Seems like controlled opposition. At least he's catching on what I've said for years: eurozone will lead to intraeuropean full blown war, and that will lead to WWIII.
The "toll booths everywhere" are already in place.
For those who thought arable land is a good idea, you are wrong:
http://www.myfoxdetroit.com/dpp/news/local/julie-bass-of-oak-park-faces-...
Raising your own vegetables has been declared illegal by Monsanto Corporation.
take it easy on Max. as a kid, he always dreamt of having his face on a silver coin and modeling for Hugo Boss.
Monsanto is now the owner of the patent on food. From now on if you want any food, you'll need to buy it from them or one of their agents. It won't be cheap.
They're working on air next. You might want to save some.
It is merely a euphemism for "fraud".