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US Naval Update: It's A Mediterranean Party And The Enterprise Is Invited - Libyan Endgame Expected Within 5-7 Days

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Wed, 03/02/2011 - 23:38 | 1013913 bigmikeO
bigmikeO's picture

Why gold? JK

Wed, 03/02/2011 - 23:50 | 1013946 DoChenRollingBearing
DoChenRollingBearing's picture

I invite all to go see the Bearing's Press Release further below.

Thu, 03/03/2011 - 01:09 | 1014123 TruthInSunshine
TruthInSunshine's picture

Sorry for the OT link, but I do believe ZH and all here WILL understand:

Hot off the press, from The New York Times; a story on JP Morgan & HSBC and their manipulation of silver markets (this is BIG):

A Conspiracy With a Silver Lining

"Accusations that two banks manipulated a precious metal market are worth looking into."

Thu, 03/03/2011 - 01:42 | 1014188 Missiondweller
Missiondweller's picture

Thanks for the link

Thu, 03/03/2011 - 02:46 | 1014278 JuicyTheAnimal
JuicyTheAnimal's picture

Recently I notice that metals are tied to oil prices.  Is it that higher oil prices ensure economic downturn which ensures QE3?  Funny that stocks go in opposite direction of Oil.  Because they love QE as well.  

Anyways, read that article, it's an "opinion" peice.  Most of it is not opinion though.  Will this have any effect on Silver prices tomorrow?

Thu, 03/03/2011 - 02:49 | 1014283 JuicyTheAnimal
JuicyTheAnimal's picture

Example,  Libya peace talks cuased oil to tank and metals are down, gold off $10 at the moment. 

Thu, 03/03/2011 - 07:35 | 1014413 jesse livermoore
jesse livermoore's picture

only one year late with the story....good job NYTIMES

Thu, 03/03/2011 - 00:26 | 1014032 RmcAZ
RmcAZ's picture

Because he's hungry.

Thu, 03/03/2011 - 00:50 | 1014087 bankrupt JPM bu...
bankrupt JPM buy silver's picture

Isreal feels the heat.  And the heat is coming.  Good thing you have OWEbama to call up and send over some small military floating devices laced with pea shooters at the expense of the US tax payer. 



Thu, 03/03/2011 - 01:08 | 1014125 sun tzu
sun tzu's picture

What does Israel have to do with Libya? Every time there is trouble in the Muslim country the clowns blame it on Israel.

Thu, 03/03/2011 - 09:41 | 1014574 gmrpeabody
gmrpeabody's picture

Do not interfere with the Israeli bashing clowns..., you WILL BE JUNKED!

Thu, 03/03/2011 - 05:54 | 1014378 shortus cynicus
shortus cynicus's picture

Please anyone stop repeating again and again all this "tax payer" myth financing anything.

As we all know, all that money is just simply printed out of thin ear.

Thu, 03/03/2011 - 07:05 | 1014404 Djirk
Djirk's picture

for anyone who listen to my rantings, I predicted a supply shock will take the blame for inflation while the Fed continues to deny it's existence.

heeeeeere we go


Thu, 03/03/2011 - 07:08 | 1014405 AnAnonymous
AnAnonymous's picture

Please anyone stop repeating again and again all this "tax payer" myth financing anything.

As we all know, all that money is just simply printed out of thin ear.


Good luck with that. Victimhood is high on this site and many US citizens on here love to depict themselves as being bled dry by the US government.

A way to claim they retain value for their value who has grown less and less dependent on them actually.

Thu, 03/03/2011 - 08:38 | 1014455 ColonelCooper
ColonelCooper's picture

As spoken by one apparently NON ass raped taxpayer. 

Thu, 03/03/2011 - 09:18 | 1014533 AnAnonymous
AnAnonymous's picture

Those are a rare breed as US tax payers money story is a myth. The US has been living on credit for a long time by now... That definitively reduced the amount of activity actually funded by tax payers.

Thu, 03/03/2011 - 08:31 | 1014440 ColonelCooper
ColonelCooper's picture

Then why doesn't the government quit trying to get more of my money and just print it?  As far as I am concerned, every penny they spend came from me.

Thu, 03/03/2011 - 09:21 | 1014527 AnAnonymous
AnAnonymous's picture

Sure, sure. Tax holiday by here, tax holiday by there...

The US is ( supposedly) in the middle of debt crisis and allows itself tax relief everywhere. Should tell a lot.


Actually, if US citizens had half of a bit of honesty, that would be easy for them to admit that the majority of people who are on the rough side of US taxation policy are non US citizens located outside the US, through the taxation theft operated by the US through the USD thanks to world reserve currency.

If you are looking for true victims of US taxation policies, dont look home, look abroad. That is where they are. With in mind that the US preach for no taxation without representation... The good joke.

Thu, 03/03/2011 - 09:43 | 1014585 gmrpeabody
gmrpeabody's picture


Thu, 03/03/2011 - 09:53 | 1014599 ColonelCooper
ColonelCooper's picture

Look.  When TBTF are no longer raking in billions of "tax" dollars in reward for bad business policies, and some convenient bond flipping, we can talk.

When politicians are willing to undergo an honest discussion of how we're going to deal with entitlements, (focus SS, med. not SNAP) we can talk.

When I am not encouraged to make unwise financial decisions in order to shelter money, we can talk. (Boy, I'm not spending my money the way TPTB want so I can just give them more of it).

When the "porkbook" can be printed on one page, we can talk. (I understand it doesn't amount to shit, but it's the principle and it pisses me off)

I'm not a foaming at the mouth anti-tax guy.  I am an insanely pissed off anti waste and stupid beaurocracy guy.  When you have enough money taken out of your checks in a year to cover the average American household income, and STILL owe a few thousand at tax time?  FUCK ME.

And then to be preached at by people who think I'm too stupid to understand the big picture?  Lecture me about reserve currency and an oppressive US?  Apples to Oranges. FUCK ME.  And then to have a bunch of lefties who for the most part don't pay any income taxes in the first place tell me I don't cover my "Fair Share"?  FUCK ME all over again.

I've never met ANYONE in my life who if they weren't unhappy about their taxes, actually paid enough of them to care.

Oh, but I'm "rich" I forgot.  FUCK ME, FUCK YOU, FUCK SOMEBODY.


Thu, 03/03/2011 - 10:24 | 1014692 AnAnonymous
AnAnonymous's picture

No matter how much you are taxed, this does not cover up for the US spendings. Tax collection is on the lower side and the US keeps spending ever more.

The difference comes from credit expansion, under all forms.

The US tax payer being bled to cover for US spending spree is a myth. The rest of the world is bled to support the US policy. Not the US tax payer.

The victimizer can not be the victim.

Thu, 03/03/2011 - 10:47 | 1014754 ColonelCooper
ColonelCooper's picture

Your basic point is correct, but doesn't invalidate mine.  I never justified ANYTHING the US does in terms of fiscal policy.  For you however to say that I can't be bled out because somebody else is, is illogical.

I live a fine life.  I am comfortable.  I never said I wasn't.  I've never really even said that what I pay is affecting me negatively, or that I'm generally pissed at the amount, rather than the way it is used.  What I am saying is that because I understand your point, I find it that much more aggravating when the Government refuses to address spending AT ALL, and then wants more money from me because of it.  Two wrongs don't make a right.

If you have read any of my posts in the last year, you would see I have stated multiple times that the average American lifestyle needs a haircut.   Well, we're gonna get one the hard way, but because we are blind idiots it's gonna be a boot camp cut, not a day at the salon.

I said it before.  I'll say it again.  I'm not anti-tax.  But when the already substantial amount I pay continues to go up while the root problem (you and I agree somewhat on that) isn't addressed, why shouldn't I be upset?  How am I wrong on that?  Don't think for one second that I'm buying into some Republican Party mantra that if we just cut taxes we're going to magically grow our way out of this.  I'm mad at the system in it's entirety, and you're playing class warfare on a global scale. 

Thu, 03/03/2011 - 11:36 | 1014929 AnAnonymous
AnAnonymous's picture

Class warfare? It has little to do with class warfare. Non US rich people living out of the US are submitted to the US tax policies bad sides just like any other non US person outside the US.


If you are aware that tax collection is down in the US, that tax relief is common, you might be one of the few unfortunates to be caught in a different dynamics than the average dynamics the US citizens live in.

Call a financial advisor so that you join the average trend which is one  of tax exemption.

Thu, 03/03/2011 - 13:06 | 1015344 ColonelCooper
ColonelCooper's picture

Maybe the class warfare thing was mistakenly inferred.  Note that I said that when I am no longer encouraged to make bad financial decisions to shelter money, we can talk.  Tax revenues are down, yet instead of even pretending to try to live within our means we double down.  I don't give money to junkies on street corners who are staring glassy eyed at their dealer across the street, and I'm not happy about having it taken from me at gunpoint by governments at all levels who are unwilling to "take the cure".   It isn't about the money per se, it's about throwing it in the toilet.  If I was being taxed under a similar progressive system that was functional, or had a snowball's chance in Hell of sustaining itself, you wouldn't hear a peep from me. 

The way it is right now, I'm just giving it to junkies.  AND being told that I'm rich, I'm greedy, and that I don't contribute enough.  Problem is, enough is never enough.  Revenues are down at the Federal level, less is coming into the state, now less is trickling back to the county, the city.....  We had better raise the state tax.  And even though your property values have plummeted, you'll continue to be taxed at the same rate or higher, depending on whatever new assessments we can dream up.  And we had better have a new and improved sales tax, oh and let's criminalize some petty bullshit so we can give out more tickets.  And we forgot, we're voting on a new levy for the school. And and and and.  Enough is never enough, but if we don't run a new DSL line down this gravel road for fifteen miles to service two houses, then we are discriminating against the poor.  And oh, hey! private contractor: You had better keep running your old trucks down the road because the county needs to replace theirs before they hit 100K, and while we're at it we'll step up DOT "safety" (snort) enforcement and you had better pay the $375 dollar ticket because your truck has a torn mudflap and the monthly inspection tag on your fire extinguisher seems to have blown off. Oh you forgot your wallet?  Here's another $150 you owe us because you didn't have a copy of your physical with you.  Meanwhile our President and first lady tell us we're fat while they fly their personal trainer halfway across the country once a week.  But we ALL need to share in the sacrifice, so bend over while we reach up your ass and try to scrape one more fucking dollar out of your large intestine.   

I am one of the few I know that recognize the need of MAJOR consumption haircuts, AND advocate them.  And yes, I do understand what that means, For my lifestyle and the repercussions that would be felt worldwide.  I believe it's (sadly) unavoidable.  [insert Mako quote of choice here]  I don't judge the quality of my life by the gadgets I own or the cars in my driveway,  and I'm tired of being told that we have to cut back on teachers and cops unless you pay more, when we're paving new bike paths around the lake. 

For the average Joe caught in an unfortunate tax dynamic, sheltering money consists solely of feeding the beast we are BOTH railing against.  If you choose not to invest in market based retirement accounts, you are penalized.  If you do, God forbid you actually need access to any of that "savings", because you'll be penalized with a vengeance.  If you choose not to replace perfectly serviceable equipment that is depreciated out, you are penalized.  If you need to sell an asset that you chose to invest in because you need to meet unforeseen expenses, you are penalized even harder.   You are only incentivized to invest/save in areas that promote increased debt, fractional lending, and propping up a ponzi.  Frugality, sufficiency and hard work are only rewarded in the US if you play THEIR game.  I don't, and will continue to rail against the system.  Is my forehead getting mushy yet from beating it against the wall?  Probably.

I do have a financial advisor BTW, and an accountant.  They both think I'm a fool.  Maybe they're right.   


Wed, 03/02/2011 - 23:38 | 1013915 Cistercian
Cistercian's picture

 Oil....I can't wait to see the price action now.

   And the Libyans will be so happy too.


Thu, 03/03/2011 - 02:22 | 1014257 angrybill
angrybill's picture

The only way is up!




The navy is just taking a couple of tankers over to top up the strategic reserves (& it'll go up & stay up if they do indeed prime the strategic reserve anytime soon...)

Wed, 03/02/2011 - 23:38 | 1013918 Dr. Porkchop
Dr. Porkchop's picture

Call Paul Bremmer, we need a provisional authority set up stat.

Thu, 03/03/2011 - 02:29 | 1013982 Village Idiot
Village Idiot's picture

"Paul Bremmer's our man, if he can't do it, nobody can!"

Wed, 03/02/2011 - 23:41 | 1013924 Id fight Gandhi
Id fight Gandhi's picture

If it's end game with any connection to the us military involvement, it will not go over well.

These people need to take care of their own uprising and country.

Its all too obvious now the Saudis are shitting themselves and want us to protect their interests.

Thu, 03/03/2011 - 01:26 | 1014158 web bot
web bot's picture

A couple of missiles pointed at his military command and control, while signalling to the Libyans NATO's intentions would be welcomed. Nothing more beyond.

The angry wife (Clinton) today was munching on words to this effect... the greater question remains who will take over after this nut bar is rewrapped and gone? We should have them lined up prior to pressing the <fire> button.

Wed, 03/02/2011 - 23:45 | 1013934 JoeSexPack
JoeSexPack's picture

Off topic, but NY Times has an article about JPM silver manipulation.


That they printed it is progress, & evidence they can't hide silver's rise any longer, though they did mention conspiracies several times to taint.

Tried to send to Tyler but can't find a submissions link, or a way to track prior posts, new here & help is appreciated.

Thu, 03/03/2011 - 00:03 | 1013971 Bob
Bob's picture


Track posts--what do you mean?

Thu, 03/03/2011 - 01:33 | 1014175 TruthInSunshine
TruthInSunshine's picture

I sent 7 things to TD lately, and I'm not sure he's getting email right now, hence my public posting above.

Thu, 03/03/2011 - 02:10 | 1014228 JoeSexPack
JoeSexPack's picture

Some sites have commentators login, with a linked list of previous posts, so they are easier to follow & reply.

Otherwise we need to remember article names, approximate dates, location in comment thread, etc.

Thu, 03/03/2011 - 08:00 | 1014419 Bob
Bob's picture

If you mean commentators as people who post featured articles/site content, there's a chronological link to "Contibutors" on the top menu bar under the banner.  If you mean commentators as users, i.e., commentors like us right here in the threads, you can track using the menu on the box in the left margin under your name.  Click "my account" and then "track".  You'll find that your own list of articles/disussions "visited" will be continuously updated as other people add to those article discussions--not too useful unless you're checking it nearly every day.  Likewise, if you click on the avatar of another commentor in any thread, you can "track" them.  To "track" you must be logged in.

The site Search function can be of some use for both types of posts.  But, to be honest, none of these "tools" really do the job the way you would wish. 

Thu, 03/03/2011 - 11:50 | 1014985 JoeSexPack
JoeSexPack's picture

Thanks, Bob.

The track function gets me to the articles & I'll search from there.


Thu, 03/03/2011 - 00:04 | 1013973 topcallingtroll
topcallingtroll's picture

Thanks for letting me know. There were zero comments so I put one in. I can read charts. Barring a big black swan silver is clearly going higher.

Wed, 03/02/2011 - 23:46 | 1013937 Azwethinkweiz
Azwethinkweiz's picture

Forget American Idol, suddenly I'm in the mood to watch Black Hawk Down.

Wed, 03/02/2011 - 23:47 | 1013938 Rusty Shorts
Rusty Shorts's picture






Thu, 03/03/2011 - 00:26 | 1014035 Phaethon
Phaethon's picture

You misspelled Muammar.

Thu, 03/03/2011 - 00:55 | 1014102 Perseid.Rocks
Perseid.Rocks's picture

We have to liberate all that oil.. we did no less for the Iraqqan people. America, land of liberation. We liberate the people from their land, then we liberate them from their oil... then we loan them money which they can never pay back, thereby ensuring their fealty to the empire.

Thu, 03/03/2011 - 01:11 | 1014132 sun tzu
sun tzu's picture

We loan them so much money that we're $14 trillion in debt

Thu, 03/03/2011 - 02:14 | 1014240 Perseid.Rocks
Perseid.Rocks's picture

Ok, the owners loan out the money, through the wonders of fractional reserve lending.. and these days you don't even need any reserves, just a friend in the government which has the biggest schtick. Then all the wealth continues flowing in one direction (back to the owners).

Thu, 03/03/2011 - 06:25 | 1014393 Mentaliusanything
Mentaliusanything's picture

Allthough non will read it a voice calls out......

When Algeria fell, we had no oil so none cared.

When Egypt fell, we had no oil so none cared

when Libya  falls we have sweet light crude for the taking and the usual suspects will turn up.

Tis a curse that will spread --- mark these words---- until they own oil of it

Thu, 03/03/2011 - 08:43 | 1014462 AnAnonymous
AnAnonymous's picture

America, land of liberation. We liberate the people from their land, then we liberate them from their oil...


Well summed up.

Wed, 03/02/2011 - 23:48 | 1013940 slow_roast
slow_roast's picture

So what is the money making move here?  Straddle? 

Wed, 03/02/2011 - 23:56 | 1013941 DoChenRollingBearing
DoChenRollingBearing's picture

Once again the Bearing wishes to apologize for the below announcement wich is O/T, but perhaps relevant to some.  This announcement has been cross-posted at the older (EDIT: gold) thread as well as the China thread.




Press Release


DoChenRollingBearing announces that he is likely to re-enter the physical gold market as a buyer very soon.

The Bearing wanted to allow some opportunity for alert and quick acting ZH-ers to front-run him.

This will also allow the Bearing to fight with more gusto against trolls and allow him to write things like:

Gold, bitchez!


Thu, 03/03/2011 - 00:23 | 1013989 Rusty Shorts
Rusty Shorts's picture

I can get your physical gold Bearing, it's in Obuasi, Ghana. 10 kilos per month minimum @ 3% below assay. I do require a retainer fee and travel expenses.


Here's one of my videos documenting my legwork, escape routes, etc., etc. see if you can spot the Gold around 1:54.




I can get you a quote. 



Thu, 03/03/2011 - 00:25 | 1014030 Rusty Shorts
Rusty Shorts's picture




Just so you know I ain't shitting you, left you a shout out in the comments section.

Thu, 03/03/2011 - 00:38 | 1014062 DoChenRollingBearing
DoChenRollingBearing's picture

Thanks for the offer Rusty, but the Bearing is strictly a retail buyer (typically 1 - 4 toz per purchase).

Do NOT follow this link or you will be banned from the site!