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The Derivatives Scam

May 18th, 2012 by Dissolving Dollars


Here’s all you need to know about Derivatives: $230 Trillion in phony shenanigans hiding risks and losses. Derivatives started blowing up when people stopped paying mortgages in 2008. What happens when countries start to default? Who cares what the manipulated stock market is doing? I want to know what’s going on in the hidden derivatives market. JP Morgan Chase alone has 70 Trillion in derivatives, yet only 1.8 Trillion in assets. That’s a lot of kindling.

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Billionaire Club Touts the Status Quo: Buffett Munger Gates

May 13th, 2012 by Dissolving Dollars

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Jim Willie – GoldenJackAss TFMR interview

May 13th, 2012 by Dissolving Dollars

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Gold Cover Clause Guidance

May 10th, 2012 by Dissolving Dollars

Here’s a good article on Gold worth reading by Jim Willie.

Excerpt:

GOLD READIES FOR STORM

My firm belief is that a fair equitable gold price will come only after the price goes dark in the normal traditional paper dominated channels. For over a month, the gold market has been operating like within the eye of a hurricane. At work is a new promising dynamic that most in the gold community seem totally unaware of, without solid sourced information. Repeatedly, my gold trader source, who has numerous billionaire clients on three continents, informs that truly gigantic buy orders are sitting between 1600 and 1680, spaced by 10 dollars apart, having greater volume with each lower notched price in an inverted pyramid. The Eastern Coalition is angry and motivated, fitted with well over $50 billion in a war chest, determined to wreck the New York and London bankers and remove them from their corrupt perch. Gigantic buy orders are being filled, the victims being gold cartel member banks themselves. They are highly vulnerable. They are strapped for cash, confirmed by a separate source. They face margin calls on sovereign bonds of Europe, compounded by some bad FOREX positions. To extract themselves from the pinch of the margin calls, the cartel banks are being forced to sell out their precious metals bullion held in reserve, in order to obtain desperately needed cash. This is a new phenomenon, not seen a year ago, in a total reversal used against them, since in the past, the cartel used the same methods against client hedge funds.

THE GOLD PRICE WILL RISE ONLY WHEN THE EASTERN DEEP POCKETS DECIDE THEY ARE CONTENT WITH THE MASSIVE GOLD RAIDS ON CARTEL GOLD RESERVES, ONLY WHEN ENORMOUS VOLUMES OF ORDERS ARE FILLED AT LOW PRICES, THUS DRAINING CARTEL MEMBER BANKS.

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The Life of Julia: Anti-Statism Spoof

May 5th, 2012 by Dissolving Dollars

If you haven’t seen the Life of Julia comic created by the Obama campaign comparing the life of a hypothetical woman named Julia under an Obama dictatorship versus a Romney dictatorship, you’ll have to look it up to fully appreciate my subversive, smart-ass anti-statist libertarian spoof of it.

Click image for full size

(parody, parodies, joke, spoof, meme, Ron Paul, libertarian)

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DO NOT FEED THE DOLPHINS: When Government Safety Nets Break

April 10th, 2012 by Dissolving Dollars

Read the full article here.

Excerpt:

“DO NOT FEED THE DOLPHINS”

It is illegal to feed dolphins in the United States. Federal law prohibits this. I do not recall anything in the Constitution authorizing federal laws against feeding dolphins, but I’ll let that pass. The fact is, people ignore the law. They love to feed dolphins. In Tampa Bay, tourists are big law-breakers in this regard.

Why shouldn’t people be allowed to feed dolphins? Because, marine biologists say, giving dolphins free food addicts them to handouts. People are turning dolphins into welfare bums.

The federal government’s fish police see the threat. Handouts destroy the ability of dolphins, who are very smart fish (mammals), to survive on their own. Mothers do not teach survival skills to their offspring. They teach them to live off welfare.

Tourists are creating inter-generational welfare dependence. In a 2009 article in the “Tampa Bay Times,” we read this from a biologist employed by the National Marine Fisheries Service. “We are able to document lineage, from grandmother to mother to calf, all following fishing boats and taking thrown-back fish.”

Marine biologists, who themselves are being fed by the federal government, understand the threat to ecology posed by welfare economics. It is a bad idea, they say, to addict smart fish to handouts. But the logic of this position is not applied to human beings, who are far more clever than dolphins. What is gospel at the National Marine Fishing Service is anathema at the Department of Health and Human Services. What the government’s experts on fish see as a threat to the fish, the government’s experts on human beings do not see as a threat to people.

What is the threat? Creating permanent dependence.

About half of Americans receive money from the U.S. government. Then there are the tens of millions who receive money from state and local governments. When we count the tax-supported schools as welfare agencies, we see that welfare handouts are the very foundation of modern politics.

Tax-funded safety nets are in fact political snares. These safety nets are not deliberately designed to create dependence, any more than Florida tourists deliberately plan to addict dolphins to handouts, but in both cases, this is the effect. The welfare establishments are like zoos. The animals are well cared for. They are well fed. They are given medical care. What they are not given is liberty.

Gary North

 

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U.S. Is a Net Exporter of Oil: In Case You Haven’t Heard

April 10th, 2012 by Dissolving Dollars

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