The Proverbial SHIT may have hit the fan

[loki]

from an external sourse ...Karl Denninger
8:17 CT

I do not know what is going on here, and I don't think I want to.

Someone, apparently someone in Asia, wants dollars. A LOT of dollars. There is a forced-liquidation event underway that is massive, it is against all asset classes and it is spreading.

It originated at approximately 7:15 CT this evening and originated out of Asia somewhere. All of the primary currency crosses got hit at once - Euro, Pound, Yen - all weakened dramatically against the dollar and it is still going on. The Asian stock markets got walloped at the same time in coordinated waves of forced selling.

At the same time the US futures markets got nailed as well, down some six handles on the /ES in a near-vertical drop. While this sounds "not that big" to move these markets in a coordinated fashion like this is a trillion-dollar enterprise - this is not some small company that went bankrupt, or even a large company.

There is no news coverage at the present time identifying the source of this but it is not small and contrary to some reports it is not "automatic selling"; this is forced liquidation.

Folks, if this translates into Eastern Europe where there are severe instabilities already brewing literally everything in the financial world could come apart "all at once."

The worse news is that if this happens Bernanke will have killed us (in the US) by extending those swap lines all over the planet during the last six months. These will become utterly uncollectable and they are massive, in the many hundreds of billions of dollars.

To those who are reading this, I hope if you're in the markets you are prepared for extreme levels of violence. You must expect that the authorities will try to arrest the destruction if they are able, but you must also be prepared for the possibility that we have reached a "critical mass" point beyond which "duck and cover" is the only winning strategy.

Unfortunately.


http://www.abovetopsecret.com/forum/thread437754/pg1





um some one can you please check this out ... people are going fucking nuts over this ... a few finantial sites have crashed due to high a influx of people .. can some one with some financial expertise check this out please


Japan plunges into depression * Peter Martin * February 17, 2009 AUSTRALIA'S biggest and most reliable customer, Japan, has plunged into depression, with federal Treasurer Wayne Swan now warning of the worst global downturn "in our lifetimes"


basicly we are looking at TRILLIONS being thrown into the currency markets and we don't have any real news to explain why this is happening....


markets over the world are going fucking nuts atm

?????????????????????????????????????????????????? ????????????????????????

[gilly]

Loki, I'm sorry I'm unable to clarify this, because I don't understand.

I just wanted to post you a reply, rather than let you think nobody's heard your heads up.

[gilly]

Is that legal?

[loki]

in short this means something really really bad happened in Europe or Asia. Someone has purchased a sh$% ton of USD... what will happen here is 1 of 2 things either the markets open tomorrow and people panic and we take a slight dive... or nothing happens, it's a normally day but when whoever bought all the USD decides to cash in we are complelty f#@ked ...


russian market have closed down ... im not 100% sure whats happening hear myself ... no one seems to be sure ... all anyone really knows ... is that some one has pumped trillions of dollars into the USD ... and if the deside to sell up ... major shit will go down and drag just about everything down with it ...

i just wanted to know if some one with any expertise in these areas can confirm this ... ATS website and a few financial websites are going nuts ???

[gilly]

Bit fishy that this is apparently Asia's doing, while Hilary's there on a visit!

[dankai]

I'd like to know more. Would Someone, anyone at all with more economic expertise help clarify what was posted above?

[omnit]

can anybody shed some light on this?

[jesuitsdidit]

reply posted on 16-2-2009 @ 09:04 PM by nj2day



Originally posted by dingleberry77
reply to post by redhatty


Sorry, still don't get it.

Why would someone want to dump Asian and by US, considering the US is in the toilet?


because that makes US assets cheap as hell... and easier to buy vast quantities at a time...

this isn't a speculative move on someone's part... this is sheer market manipulation... it will be good for the U.S. in the short term... until they decide to cash out... then we will plummet faster than you could ever imagine...

Its all about manipulation at this point...

http://www.abovetopsecret.com/forum/thread437754/pg1

[gremlin]

http://ac4.yt-thm-a04.yimg.com/image/30741e62c0c30ec6

their you go;)

[gilly]

Repeat - is that legal?

[omnit]

http://ac4.yt-thm-a04.yimg.com/image/30741e62c0c30ec6

their you go;)

lol, cheers!

[jennf]

I'm sorry I can't help either:o I don't know if this is of relevance but Japans finance minister resigned this morning, and I did think that strange, but maybe not after reading your post

Japan's finance minister resigns
17 Feb 2009, 1714 hrs IST, PTI

TOKYO: After repeatedly denying that he was drunk during the recent Group of Seven meeting in Rome, Japanese Finance Minister Shoichi Nakagawa on Tueday resigned, rocking the already shaky government of Prime Minister Taro Aso.

Nakagawa, a close ally of Aso, who denied being drunk, said he had quit. "I decided it would be better for the country if I quit," he said.

His resignation was promptly accepted by the Prime Minister, who named Economic Minister Kaoru Yosano as the new Finance Minister.

In a dramatic turn of events, beleaguered Nakagawa, earlier in the day, said he was resigning but his exit would only take effect in late April after passage of Japan's supplementary budget.

But hours later, in the face of opposition's stormy call that he be sacked, the Finance Minister tamely tendered his resignation, which was immediately accepted, the Kyodo news agency reported.

http://timesofindia.indiatimes.com/Business/Japans-finance-minister-resigns/articleshow/4144373.cms

[jesuitsdidit]

reply posted on 16-2-2009 @ 09:04 PM by redhatty


The MOST FRUSTRATING part is that we are getting absolutely NO NEWS about why this is happening.

If an Asian Central Bank just went down, we don't have any news, so we can only guess.

Eastern Europe is also on very shaky ground and this may be part of the early effect of their financial collapse.

Problem is NO ONE KNOWS - ANYTHING - just what the charts are showing

http://www.abovetopsecret.com/forum/thread437754/pg1

[yozhik]

Repeat - is that legal?

Yes ... its an open market.
From what I understand inside info is illegal, but buying and selling in the market as you wish is not.
Market manipulation is not new; ask the Rothschild's how they came to own London City.

Also, remember with the markets, leverage comes into play.
To hold a position of trillions may not require trillions - depending on the account leverage.

Was it long USD? Or short a basket against USD?
Short term, medium or long?
Futures or spot?

[jesuitsdidit]

reply posted on 16-2-2009 @ 09:21 PM by nj2day

Originally posted by redhatty
reply to post by nj2day


Well said, the only problem is our markets aren't open.

Worst case scenario, it is a calculated move to do exactly what you said, increase the dollar temporarily then reverse the move and tank the dollar.

That would set off a bond market dislocation - just another form of disaster for the US.

I've NEVER seen Karl get worked up like this, and I openly admit that he knows WAY more than I do about FX


Our markets being open is moot at this point... The worry is going to be the European markets that are scheduled to open at 3am (EST). If this goes on until europe opens... than they are in trouble... if they are in trouble... our markets open but 6 hours after theirs do... and we'll be in trouble tomorrow...

I think its goign to come down on the motives behind the manipulation... and when the people behind this decide to "pull the trigger" sort of speak...

If they decide to hold on before selling USD, our market is in for an inflated artificial high tomorrow... but... the day they decide to sell... we're in for some flames on wall street...

Its all pretty well timed IMHO... kicking this off on a day the US markets are closed... almost seems premeditated months in advance...

http://www.abovetopsecret.com/forum/thread437754/pg2

[omnit]

so is this a real problem? is it going to affect any of us 'joe public' type people?

or is it just more fear propaganda?

[rjl9332]

http://newsvote.bbc.co.uk/1/shared/fds/hi/business/market_data/currency/11/12/intraday.stm

seems like a fairly normal day for the dollar according to the BBC

[gilly]

http://newsvote.bbc.co.uk/1/shared/fds/hi/business/market_data/currency/11/12/intraday.stm

seems like a fairly normal day for the dollar according to the BBC

Oh F***K! If the BBC say it's ok, we're all doomed! :eek:

[omnit]

lol

[dreamweaver]

Has anyone bothered to look on any financial sites rather than the not-exactly-reliable ATS?

These are the current money market figures for today on forex.com:

http://www.forex.com/uk/index.html

(I tried copying and pasting the figures but the board scrambled it all up - it's easier if you just click the link)

What's so unusual about these figures? Trading has been much, much worse in the not too distant past.

[comma berenices]

I don't know how reliable this is
www.thetruthseeker.co.uk
This article. Eastern europe is about to blow

[gilly]

Has anyone bothered to look on any financial sites rather than the not-exactly-reliable ATS?

These are the current money market figures for today on forex.com:

http://www.forex.com/uk/index.html

(I tried copying and pasting the figures but the board scrambled it all up - it's easier if you just click the link)

What's so unusual about these figures? Trading has been much, much worse in the not too distant past.

Now come on Dreamweaver, play the game.

When we've all just swallowed our pride & admitted we don't understand the stock market, it's a bit sanctimonious to say "Has anyone bothered to look at the financial sites?"

There are too many egotists around here.

[the itinerant shrubber]

All the markets have dropped by a few percent. No biggie.

[hewrote]

and no doubt, we're going to see a rise in a Pension Deficit Disorder!

[amethyst]

Honestly, I think what they will do and have been doing is using an icepick method of chipping away at the economy till it is in a position of real instability, and THEN they will throw a whammy into the situation (ie; an assasination, attack etc.) and piggyback upon that and cause the collapse.

It's not going to crumble completely until it's supposed to crumble.

[gilly]

and no doubt, we're going to see a rise in a Pension Deficit Disorder!

Ha ha -they'll prescribe Ritallin. :D

[zero1]

Wait and see - AboveTopSecret is a disinfo site, run by the same bunch of Company-trained muppets that GLP and AlienEarth are. I don't trust the source.

[dreamweaver]

Rather more worrying is that the Bank of England has openly said it will start "quantitative easing" (i.e. printing money it doesn't have) as early as next month!

Invest in wheelbarrows...

[rjl9332]

Has anyone bothered to look on any financial sites rather than the not-exactly-reliable ATS?

These are the current money market figures for today on forex.com:

http://www.forex.com/uk/index.html

(I tried copying and pasting the figures but the board scrambled it all up - it's easier if you just click the link)

What's so unusual about these figures? Trading has been much, much worse in the not too distant past.

Just heard back from a friend who works at Deutsche Bank as an analyst:

--------
Me:Is there anything weird going on dollar wise right now?

Him:Yes, but I'm more worried about what it's doing / going to do to the Yen right now...

Me:ok, is it that they are weakening against the dollar?

Him:Opposite - the Yen is going from strength to strength, other currencies are weakening and it's killing their heavily export focussed economy.


--------

make of that what you will but thats what he said

[gilly]

Just heard back from a friend who works at Deutsche Bank as an analyst:

--------
Me:Is there anything weird going on dollar wise right now?

Him:Yes, but I'm more worried about what it's doing / going to do to the Yen right now...

Me:ok, is it that they are weakening against the dollar?

Him:Opposite - the Yen is going from strength to strength, other currencies are weakening and it's killing their heavily export focussed economy.


--------

make of that what you will but thats what he said

Thanks...:o but I'm confused again!

[grachtengordel]

Rather more worrying is that the Bank of England has openly said it will start "quantitative easing" (i.e. printing money it doesn't have) as early as next month!

Invest in wheelbarrows...

I've been buying high quality chocolate with 18 months on the best before date, if prices go mental, that chocolate will be serious hard currency. Don't underestimate what women will do for a fix of chocolate when they really need it.

[tyler]

Coffee and cigarettes! Chocolate huh? How long does it store for?

This might shed some light....http://online.wsj.com/article/SB123483257056995903.html?mod=googlenews_wsj

[jesuitsdidit]

http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/4623525/Failure-to-save-East-Europe-will-lead-to-worldwide-meltdown.html

Failure to save East Europe will lead to worldwide meltdown

The unfolding debt drama in Russia, Ukraine, and the EU states of Eastern Europe has reached acute danger point.


By Ambrose Evans-Pritchard
Last Updated: 2:05AM GMT 15 Feb 2009

Comments 148 | Comment on this article

If mishandled by the world policy establishment, this debacle is big enough to shatter the fragile banking systems of Western Europe and set off round two of our financial Götterdämmerung.

Austria's finance minister Josef Pröll made frantic efforts last week to put together a €150bn rescue for the ex-Soviet bloc. Well he might. His banks have lent €230bn to the region, equal to 70pc of Austria's GDP.

"A failure rate of 10pc would lead to the collapse of the Austrian financial sector," reported Der Standard in Vienna. Unfortunately, that is about to happen.

The European Bank for Reconstruction and Development (EBRD) says bad debts will top 10pc and may reach 20pc. The Vienna press said Bank Austria and its Italian owner Unicredit face a "monetary Stalingrad" in the East.

Mr Pröll tried to drum up support for his rescue package from EU finance ministers in Brussels last week. The idea was scotched by Germany's Peer Steinbrück. Not our problem, he said. We'll see about that.

Stephen Jen, currency chief at Morgan Stanley, said Eastern Europe has borrowed $1.7 trillion abroad, much on short-term maturities. It must repay – or roll over – $400bn this year, equal to a third of the region's GDP. Good luck. The credit window has slammed shut.

Not even Russia can easily cover the $500bn dollar debts of its oligarchs while oil remains near $33 a barrel. The budget is based on Urals crude at $95. Russia has bled 36pc of its foreign reserves since August defending the rouble.

"This is the largest run on a currency in history," said Mr Jen.

In Poland, 60pc of mortgages are in Swiss francs. The zloty has just halved against the franc. Hungary, the Balkans, the Baltics, and Ukraine are all suffering variants of this story. As an act of collective folly – by lenders and borrowers – it matches America's sub-prime debacle. There is a crucial difference, however. European banks are on the hook for both. US banks are not.

Almost all East bloc debts are owed to West Europe, especially Austrian, Swedish, Greek, Italian, and Belgian banks. En plus, Europeans account for an astonishing 74pc of the entire $4.9 trillion portfolio of loans to emerging markets.

They are five times more exposed to this latest bust than American or Japanese banks, and they are 50pc more leveraged (IMF data).

Spain is up to its neck in Latin America, which has belatedly joined the slump (Mexico's car output fell 51pc in January, and Brazil lost 650,000 jobs in one month). Britain and Switzerland are up to their necks in Asia.

Whether it takes months, or just weeks, the world is going to discover that Europe's financial system is sunk, and that there is no EU Federal Reserve yet ready to act as a lender of last resort or to flood the markets with emergency stimulus.

Under a "Taylor Rule" analysis, the European Central Bank already needs to cut rates to zero and then purchase bonds and Pfandbriefe on a huge scale. It is constrained by geopolitics – a German-Dutch veto – and the Maastricht Treaty.

But I digress. It is East Europe that is blowing up right now. Erik Berglof, EBRD's chief economist, told me the region may need €400bn in help to cover loans and prop up the credit system.

Europe's governments are making matters worse. Some are pressuring their banks to pull back, undercutting subsidiaries in East Europe. Athens has ordered Greek banks to pull out of the Balkans.

The sums needed are beyond the limits of the IMF, which has already bailed out Hungary, Ukraine, Latvia, Belarus, Iceland, and Pakistan – and Turkey next – and is fast exhausting its own $200bn (€155bn) reserve. We are nearing the point where the IMF may have to print money for the world, using arcane powers to issue Special Drawing Rights.

Its $16bn rescue of Ukraine has unravelled. The country – facing a 12pc contraction in GDP after the collapse of steel prices – is hurtling towards default, leaving Unicredit, Raffeisen and ING in the lurch. Pakistan wants another $7.6bn. Latvia's central bank governor has declared his economy "clinically dead" after it shrank 10.5pc in the fourth quarter. Protesters have smashed the treasury and stormed parliament.

"This is much worse than the East Asia crisis in the 1990s," said Lars Christensen, at Danske Bank.

"There are accidents waiting to happen across the region, but the EU institutions don't have any framework for dealing with this. The day they decide not to save one of these one countries will be the trigger for a massive crisis with contagion spreading into the EU."

Europe is already in deeper trouble than the ECB or EU leaders ever expected. Germany contracted at an annual rate of 8.4pc in the fourth quarter.

If Deutsche Bank is correct, the economy will have shrunk by nearly 9pc before the end of this year. This is the sort of level that stokes popular revolt.

The implications are obvious. Berlin is not going to rescue Ireland, Spain, Greece and Portugal as the collapse of their credit bubbles leads to rising defaults, or rescue Italy by accepting plans for EU "union bonds" should the debt markets take fright at the rocketing trajectory of Italy's public debt (hitting 112pc of GDP next year, just revised up from 101pc – big change), or rescue Austria from its Habsburg adventurism.

So we watch and wait as the lethal brush fires move closer.

If one spark jumps across the eurozone line, we will have global systemic crisis within days. Are the firemen ready?


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Comments: 148

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The article is pessimistic, however, it is what it is. The truth is that fractional reserve banking has led us into this mess. It's just not the U.S. but the entire globe. Thomas Jefferson 3rd President of the U.S. is qouted as saying "when you let banks control the issue of money of any given Sovereign State, they are more dangerous than a standing army". The fruit's of their labor is evident in this Economic meltdown.If the Americans new that the "Federal Reserve was as federal as the Federal Express" qoute from Dennis Kucinich Ohio Senator, they would riot in the streets and bring the bankders to justice. This is all about control people. The bankers want to control everything, and so they instituted this economic meltdown. We are on the brink of a New World Order emerging. Do your research, and examine the facts. Goverments should not allow privately held banks to control thier issuance of money. But they have, and now you have this debacle. Hell, if people new that banks create money out of thin air,and then lend it out at a specific interest rate it fire them up and they would swell in great anger.
Rob from NYC
on February 17, 2009
at 04:05 PM
Report this comment
*

Fascinating...all of it...the article and so many comments.

In any event: collapsing economies hurt the uber rich more than the little people. Until all those richies get out their tanks and try to control everything.

I look forward to no oil. No machines. No war.
S.R.Smith
on February 17, 2009
at 03:48 PM
Report this comment

[omnit]

"I look forward to no oil. No machines. No war."

no war lol, sounds like a NWO sort of thing!

[skyline]

The markets are the elites casino, who gives a fuck what happens.I have nothing of value,I wont have anything of value in the morning or the following day.The people who are suffering and are stressed or worried are stuck in the material matrix

The basics of existence are food, water and shelter everything else is just garnish

Bring it on!

[elysiumfire]

Humph! So, we are standing at the financial precipice, and the ground is crumbling away at our feet. We are moving back a step at a time, but the ground just keeps falling away into the gaping black maw. Pretty soon, we're going to reach a point where we cannot step back any further, and if at that point the ground keeps crumbling...well, down we go.

This looks like an attempt to gain some leverage (even blackmail) against the props used by American finance to keep itself ticking over. The Telegraph piece really sums it up. Whomever has bought the dollars has done so not for profit, but for damage, and the ability to inflict it when the time is right. A case of...if I go, so do you!

When you consider the bailouts, they imply complete meltdown having occurred already, what the bailouts are doing is merely propping things up...like holding up a dead horse for pretence. If the Eastern-bloc countries default on payments, and having no leverage with fossil fuel resources, then I cannot see the horse being propped up for much longer. Let's see how things pan out?

[morphal]

I agree about the buying of the dollars to inflict damage. Seems like, the US dollar has been manipulated into artificial strength over the past 6 months or so, and this recent move is part of that. So that whoever is holding the money can sell it off all at once, causing the artificially propped up dollar to have a much bigger crash than would happen naturally, thus causing fear and panic, thus causing the perfect excuse for the AMERO :( Even worse if this was all happening under martial law, in any case, the amero will be presented as a saviour of the situation so that people will accept it rather than fight it.

[pacoquerak]

Woh woh guys, hold up

last couple posts

We will never run out of oil, the planet will be a charred rock first.

How is this not going to effect the little guy?

What happened when the WAR happened? The price of gas sky rocketed. Slowly but surely the price of food nearly doubled. Now that gas has gone back down where has food gone?
If these rich people don't have money left to give us and everyone loses their jobs, how the fuck are we going to buy food?

I am so glad I am filling out my seed order and shipping it out by thursday!

[tyler]

Don't forget your pets. They have to eat too. Stock up on pet food.

[entrangermercenary]

Don't forget your pets. They have to eat too. Stock up on pet food.


They ARE the emergency rations .....sluuurp :D

[gilly]

They ARE the emergency rations .....sluuurp :D

What, the pet food stocks, or the pets?

(I just had to ask, didn't I). :D

[beldazar]

They ARE the emergency rations .....sluuurp :D

Hehe, I was thinking that! When Tyler said dont forget your pets I thought oh its fine, my dog can eat my budgies and cockatiels...then I thought 'hang-on', they are for US if things get bad, lol

Naa, the seagulls can have them then I will be after the seagulls to eat! :eek:

[entrangermercenary]

Hehe, I was thinking that! When Tyler said dont forget your pets I thought oh its fine, my dog can eat my budgies and cockatiels...then I thought 'hang-on', they are for US if things get bad, lol

Naa, the seagulls can have them then I will be after the seagulls to eat! :eek:


Dont get me started on the seagulls , you know what happened last time :D :p

[beldazar]

Oh yeah! Hahahaha, I forgot about that, :o :D

[jesuitsdidit]

hehehe
financial meltdown - seagulls

that was quick..

[beldazar]

Yeah ok, was a bit unfair.......Poor seagulls have to live too!
Food For Free book is good.......

Food for Free: Amazon.co.uk: Richard Mabey: Books@@AMEPARAM@@http://ecx.images-amazon.com/images/I/51FZ6Z2BN0L.@@AMEPARAM@@51FZ6Z2BN0L

;)

[entrangermercenary]

hehehe
financial meltdown - seagulls

that was quick..


:o things go off tangent quick

[mzrti2]

Could the American bankers be doing this themselves using all the bailout money they have recieved? Just curious.

[hewrote]

There's no question the American consumer is hurting in the face of a burst housing bubble, financial market meltdown and rising unemployment.
But "the worst is yet to come," according to Howard Davidowitz, chairman of Davidowitz & Associates, who believes American's standard of living is undergoing a "permanent change" - and not for the better as a result of:

An $8 trillion negative wealth effect from declining home values.
A $10 trillion negative wealth effect from weakened capital markets.
A $14 trillion consumer debt load amid "exploding unemployment", leading to "exploding bankruptcies."
"The average American used to be able to borrow to buy a home, send their kids to a good school [and] buy a car," Davidowitz says. "A lot of that is gone."

Going forward, the veteran retail industry consultant foresees higher savings rate and people trading down in both the goods and services they buy - as well as their aspirations.

The end of rampant consumerism is ultimately a good thing, he says, but the unraveling of an economy built on debt-fueled spending will be painful for years to come.

[omnit]

There's no question the American consumer is hurting in the face of a burst housing bubble, financial market meltdown and rising unemployment.
But "the worst is yet to come," according to Howard Davidowitz, chairman of Davidowitz & Associates, who believes American's standard of living is undergoing a "permanent change" - and not for the better as a result of:

An $8 trillion negative wealth effect from declining home values.
A $10 trillion negative wealth effect from weakened capital markets.
A $14 trillion consumer debt load amid "exploding unemployment", leading to "exploding bankruptcies."
"The average American used to be able to borrow to buy a home, send their kids to a good school [and] buy a car," Davidowitz says. "A lot of that is gone."

Going forward, the veteran retail industry consultant foresees higher savings rate and people trading down in both the goods and services they buy - as well as their aspirations.

The end of rampant consumerism is ultimately a good thing, he says, but the unraveling of an economy built on debt-fueled spending will be painful for years to come.

Well Ive always been a minimalist so its not a bad thing really, its gonna be a shock to the system though thats for sure lol!

[bowtiedaddy]

Has anyone bothered to look on any financial sites rather than the not-exactly-reliable ATS?

These are the current money market figures for today on forex.com:

http://www.forex.com/uk/index.html

(I tried copying and pasting the figures but the board scrambled it all up - it's easier if you just click the link)

What's so unusual about these figures? Trading has been much, much worse in the not too distant past.

yeah, ATS has been known to post a lot of.... interesting stuff. I think the guy who runs that site is a CIA asset or something.

[ambersky]

I've been buying high quality chocolate with 18 months on the best before date, if prices go mental, that chocolate will be serious hard currency. Don't underestimate what women will do for a fix of chocolate when they really need it.

Coffee and cigarettes! Chocolate huh? How long does it store for?

This might shed some light....http://online.wsj.com/article/SB123483257056995903.html?mod=googlenews_wsj

I tried to stock up on chocolate for emergencies.
Sardines and tinned fish and bread flour I can keep.
Chocolate I cannot, my efforts were futile.

[spliff]

Whilst the stockmarkets are falling Jersey based Rangold Resources (goldmining) look to be doing pretty well

http://newsvote.bbc.co.uk/1/shared/fds/hi/business/market_data/shares/3/87560/default.stm (http://newsvote.bbc.co.uk/1/shared/fds/hi/business/market_data/shares/3/87560/default.stm)
http://www.davidicke.com/forum/picture.php?albumid=271&pictureid=2348


"London, 5 November 2008 – London and Nasdaq listed gold miner Randgold Resources today announced the appointment of two prominent businessmen, Christopher Coleman and Jon Walden, as non-executive directors." link (http://www.randgoldresources.com/randgold/view/randgold/en/page39)



Christopher Coleman - "Mr Coleman is London based and is currently co-head of banking and a
director of N M Rothschild & Sons Limited as well as chairman of
Rothschild Bank International Limited in the Channel Islands." link (http://www.marketwire.com/press-release/Randgold-Resources-Ld-NASDAQ-GOLD-917078.html)





Jon Walden - "Mr Walden, also based in London, is managing director of Lex Vehicle
Leasing(Lex is part of Bank of Scotland Corporate), is a non-executive director of Morgan Sindall plc and until
2005 was a director of RAC plc."link (http://www.marketwire.com/press-release/Randgold-Resources-Ld-NASDAQ-GOLD-917078.html)



Morgan Sindall PLC - "Morgan Sindall wins fighter pilot facilities deal...This scheme is further evidence of our growing presence in the defence sector"





Rangold Resources "Given the potential increase in opportunities arising from the current economic climate we have shifted part of our exploration effort to reviewing the gold belts located within the Archaean rocks of the Congo Craton in Central and East Africa." link (http://www.randgoldresources.com/randgold/view/randgold/en/page52)




Massawa will be a multi-million ounce gold project

Mark Bristow, CEO of Randgold Resources, reckons the company’s Massawa prospect in Senegal will be a multi-million ounce project with its first production in 2012 link (http://www.mineweb.com/mineweb/view/mineweb/en/page34?oid=62023&sn=Detail)



Ian Notley, Notley‘s Notes (January 22, 2001)

"It is appropriate that Ferdinand
Lips, a former Rothschild executive and a private banker in
Switzerland who has spent 50 years dealing with money to confirm
that the world‘s monetary system has been rigged to plunder the
savings of ordinary people worldwide for the benefit of a small
financil elite"

The Foundation for the Advancement of Monetary Education

Financial markets can only function satisfactorily under a gold
standard. History has shown that monetary stability was best under
the automatism of the classic gold standard. Fiat money can only
lead to short-lived financial and economic booms. The end result is
inflation and embezzlement of savings at the expense of workers,
pensioners and the poor, who are unable to defend themselves
against the ongoing fraud"

Link "Gold Wars. The Battle against sound money" (http://www.fame.org/PDF/Gold%20Wars%20Excerpt.pdf)

[ritchs]

What, the pet food stocks, or the pets?

(I just had to ask, didn't I). :D

Well no need to ever go hungry with so many folks afoot. :D
'Honey, would you pass me a bicep please.'
'Dig in, there's plenty more where that came from' :)

[measle_weasel]

Well no need to ever go hungry with so many folks afoot. :D
'Honey, would you pass me a bicep please.'
'Dig in, there's plenty more where that came from' :)

Yeah, seriously. If there is a total collapse of everything, there will be dead people everywhere. Just get your dead neighbors in those deer freezers before they rot or the crows get to them!

And dont forget to cook them well, too... diseases and stuff, ya know.

[omnit]

lol, good to see the comic relief on here!

But seriously, is anything developing regarding all this?

[jesuitsdidit]

reply posted on 18-2-2009 @ 06:55 AM by prevenge


you do realize.. that nobody has this new committed belief in the US economy.
stimulus schmimulus..

you're gonna see the dollar get steroid strong..

THEN everybody's gonna take what they have in US dollars.. .. and the SECOND you see a drop.. BAM.. there will be the exponential DOLLAR DUMPING WORLD WIDE.
.. buying of other currencies .. like wildfire


a landslide.

no a snowball..

NO.. a snowballing downhill wildfire tsunami tankdive.

insta-tank.


-

[edit on 18-2-2009 by prevenge]


same ATS forum p33

[gilly]

Yet, I've seen nothing about this on today's unsensored news / blacklisted news / the secret news etc. etc. - & I've searched.

I'm wondering why.

[amandaooo]

Yes, it really worried me about Shoichi Nakagawa being bladdered. Unless there is a history there?

[grachtengordel]

Whilst the stockmarkets are falling Jersey based Rangold Resources (goldmining) look to be doing pretty well

Whats with all these people trying to push gold at the moment?

http://www.taxfreegold.co.uk/images/goldbarrothschild400.jpg

[gilly]

Whats with all these people trying to push gold at the moment?

http://www.taxfreegold.co.uk/images/goldbarrothschild400.jpg

It's just that gold, unlike the scraps of paper we call money, has a worldwide (I avoided the word global because if feels tainted now) true intrinsic value.

[spliff]

It's just that gold, unlike the scraps of paper we call money, has a worldwide (I avoided the word global because if feels tainted now) true intrinsic value.

True enough gilly, but the picture holds deeper meaning eg: Rothschild

[gilly]

Best to buy 2nd hand sovereigns, with cash (untraceable transaction).

Though it's probably immaterial, because sooner or later, they'll introduce their cashless society & force you to cash precious stuff like this in - under penalty of death. Just my opinion.

[spliff]

Best to buy 2nd hand sovereigns, with cash (untraceable transaction).

Though it's probably immaterial, because sooner or later, they'll introduce their cashless society & force you to cash precious stuff like this in - under penalty of death. Just my opinion.

oh happy days, you make it sound like it's a done deal and we have no choice.

[gilly]

oh happy days, you make it sound like it's a done deal and we have no choice.

I'm resistant to all the NWO shit Spliffy, but that's the way things are planned I believe.

[skyline]

I have never understood the value of gold,its has value because the elite say it has and its rare mmmm well I dont agree.If the shit hits the fan in a way some speculate then a few coins wont help and you cant eat them.Gut instinct tells me gold will be like having a betamax tape in a dvd age,best to learn some skills and trade those or maybe 2000 cigarettes,some booze thats my advise

[gilly]

I have never understood the value of gold,its has value because the elite say it has and its rare mmmm well I dont agree.If the shit hits the fan in a way some speculate then a few coins wont help and you cant eat them.Gut instinct tells me gold will be like having a betamax tape in a dvd age,best to learn some skills and trade those or maybe 2000 cigarettes,some booze thats my advise


This is off-topic ... sorry,

But, I also have always questioned gold's desireabliliy & value - it's not really scarce.

The home-page of this website has a couple of articles on Monatomic Gold, which are really interesting, & could possibly explain it.

One link here...

http://www.davidicke.com/content/view/47/51/

There are lots of other wierd & wonderful things I've read elsewhere, where one person described overdosing on Monatomic Gold, (though it was only a small amount), & it caused material items he thought about to appear in reality, right next to him (eg. a motorbike). No idea how much truth there is in it.

I wouldn't take it, because it's a heavy metal, that is damaging to your system.

[hewrote]

It just cost me the interesting sum of $77.33 to find out that I actually owe the Canadian government $95.23 in income tax. and you know, they'll get EVERY penny...along with some fingernail clippings!! The discussion between the accountant and myself started to get a tad "heated" as I compelled him to realize that he's a willing player in a game that is stacked AGAINST the taxpayer.

[cleopatraxxx]

Don't forget your pets. They have to eat too. Stock up on pet food.

thnx, bt truly, Pets are BETTER off eating our food, not the fabricated artificial crap in bags and tins.

[gilly]

It just cost me the interesting sum of $77.33 to find out that I actually owe the Canadian government $95.23 in income tax. and you know, they'll get EVERY penny...along with some fingernail clippings!! The discussion between the accountant and myself started to get a tad "heated" as I compelled him to realize that he's a willing player in a game that is stacked AGAINST the taxpayer.

The sod... put toe-nail clippings in too!

[hewrote]

'Hell, there could even be riots"
-Zbigniew Brzezinski

http://finkelblog.com/index.php/2009/02/17/brzezinski-hell-there-could-be-even-riots/

[ritchs]

I have never understood the value of gold,its has value because the elite say it has and its rare mmmm well I dont agree.If the shit hits the fan in a way some speculate then a few coins wont help and you cant eat them.Gut instinct tells me gold will be like having a betamax tape in a dvd age,best to learn some skills and trade those or maybe 2000 cigarettes,some booze thats my advise


I agree. Gold has been the standard of Kings, since ancient times. It holds the best value of all things. So long as there is an economy to barter it in. Buy it before a crisis, have it after the crisis passes. In between you need to eat. When the economy completely vaporizes, as imo it will, in the coming months you want food and medicine. When those cu_ts start releasing H5N1 and other crap, and there are massive food riots all round in every country, you want weapons to defend your family as well. Rice and beans together make a complete nutricious food. That with 9 mm shells will keep you going. And please dont forget a reliable source of water. Of course its possible that all this may not materialize, and this post can be dismissed as gloom and doom fearmongering. Best to be prepared my friends, and not be out on a limb afterwards. I firmly believe this year has the potential to be the worst in human history, absolutely biblical. I expect the net to go down before that in the near future, to isolate us and keep people from organizing themselves. The only big ifs in all this, is if TPTB turn away from their dark agenda, by realizing it will not succeed in the long term. I, myself, am not holding my breath for that one. Congress was told they will be protected in secret session last spring. Imagine their surprise when they arrive at a destination with some of us. There are many good people within the military who may uphold the constitution and put the brakes on. But its doesn't bode well that all the coalition troops are in one place like eggs in one basket. That scares the shit out of me. Sorry if this is depressing, but stock up and get spiritually ready. At the least, you have provisions to survive awhile and be at peace with yourself. I apologize that this post is also long winded and drifting off topic.

For an extended perspective of the crisis by respected people who are professional economists and up to speed about the Illuminati and their nefarious activities, try these links for some very interesting reading. These guys could discuss any topic we do on this forum, and they are mainstream economists!

http://www.theinternationalforecaster.com/

http://worldreports.org/news