Guts, or kahunas as some would call it, look like this:
In this video, Dylan raises temperature on the congressman who does nothing but divert the topic to criticize the Govt and spew Republican talking points.
Talking point #1: Indict the Federal Government
Talking point #2: Divert the topic to all Republican talking points
And the ending [...]
So, you are a financial “professional” on Wall Street. You think the world owes you bazillion dollars because you are: a) very smart, and b) you have an MBA in finance, may be from Wharton, or Harvard or Columbia and therefore what you do must be good. You claim that your financial “innovations” help the [...]
She is baaaaaack!
You may recall one of my earlier posts in which I featured a Frontline documentary on Brooksley Born. Well, this visionary and caring woman got to take on the chief criminal himself. From Huffington Post:
The panel created to investigate the roots of the financial crisis escalated the government’s assault on Goldman Sachs [...]
Folks
Here is an excellent summary on GLD. Please be careful and read the fund’s prospectus, if you are invetsed in it. The emperor is naked.
“The Gold ETF is an excellent conduit to redirect physical demand into paper. The Gold ETF is similar to a fractional reserve bank. As long as customers don’t fear for their [...]
Hello Friends
This is my first posting. If you are really want to know what a “Dollar” is please see this
presentation.
Collapse of the Dollar: Testimony on MT Sound Money Bill (HB 639) from Constitutional Money on Vimeo.
Some brave folks who shine the light -
http://www.gata.org/
Apple announced the iPhone 4 today. Many of you might have seen the pictures that were leaked to the gadget site gizmodo.com. The leaked pictures are indeed real.
The phone looks like chiseled by Swiss watch makers. Hardware is impressive. And Apple once again raised the bar. Seriously you could hurt someone with this all metal [...]
A few days ago I mentioned that fiat money’s march towards M0 is classic outcome of a deflationary economic cycle. The following news confirms my worst fears. [Via UK's Telegraph]
US money supply plunges at 1930s pace as Obama eyes fresh stimulus
The M3 money supply in the United States is contracting at an accelerating rate that [...]
Hugh Hendry is a hedge fund manager from UK. He is one of those “evil short-sellers” that the establishment (read politicians and the banks) love to hate. However, but for the short-sellers, the truth would not have come out in this increasingly manipulated and intervened market. Hendry was among the few who saw problems in [...]
I caught-up with Rao to make sense out of Euro crisis. Even though Rao is retired and claims that he is not in touch with what is going on in the markets lately, he is as sharp as ever. This 40 min long interview sheds light on a number of fundamental reasons for current state of world’s financial mess. Thos who followed me on my Teluguone Radio show or read my articles on various blogs might find that my views are eerily similar to his views.
Podcast: Play in new window | Download (9.2MB)
Mr. Rao Chalasani was a veteran Wall Street economist who retired in 2000. His long career included stints as the chief economist at Everen Securities which later became First Union Securities. Currently FUS is a unit of Wells Fargo. In the 90s he was frequently quoted in the Wall Street Journal. He was one of the straight shooters on Wall Street and one of the few whom I respected and I paid a lot of attention.
Podcast: Play in new window | Download (7.7MB)
The Senate just passed a stupid bill and called it financial reform. [via CBS Marketwatch]
The mammoth legislative package — which passed 59 to 39, with three Republicans voting for the bill — requires “too-big-to-fail” banks to install new capital restrictions and divest their derivatives units, sets up a government board to assign [...]
Says who? James Galbraith, son of legendary James Galbraith. Well, this is a late realization for my fellow academic. For at least 14 years I have been saying, “Real world is a special case for the economists.”
Here is an insightful testimony to be given to Congress by Galbraith: (via Alternet)
Why the ‘Experts’ Failed to See [...]
Here is the video that Mohan garu mentioned on MMGL
