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And the band played on


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I asked this a few weeks ago in a week night MTM, but no response, so I ask again -

 

The USD rallied last year, theoretically in part due to counter parties of derivative contracts scrambling to find USD's to settle their obligations on said contracts. As Central Banks have absorbed these contracts on their balance sheets, has it theoretically, removed the need for said counter parties to find USD, thus eliminating a major piece of fundamental support for the USD?

Generally this would have already been hedged. If not, it should have been rolled over. Net net nothing.

 

Perhaps interest rates at zero have an effect on "fundamental support" :mellow:

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This is really in your face. :angry2:

 

Oct. 14 (Bloomberg) -- Some of Treasury Secretary Timothy Geithner’s closest aides, none of whom faced Senate confirmation, earned millions of dollars a year working for Goldman Sachs Group Inc., Citigroup Inc. and other Wall Street firms, according to financial disclosure forms.

 

The advisers include Gene Sperling, who last year took in $887,727 from Goldman Sachs and $158,000 for speeches mostly to financial companies, including the firm run by accused Ponzi scheme mastermind R. Allen Stanford. Another top aide, Lee Sachs, reported more than $3 million in salary and partnership

Bloomer

The system is so corrupt, it's unbelievable. The sense of entitlement in DC & NYC defies the mind.

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jickiss is back!

 

 

 

jickiss is back!

 

 

and

 

pls note that the Secret jickiss doolar-Gold Indicator now Confirms, beyond any doubt, that a great Disaster approaches, in terms of the collapse of the doolar and Gold zooming waaayyyyyy up.

 

who bot those call Earl Opitons????

 

here is the latest chart of the Secret jickiss doolar-Gold Indicator.

post-1911-1255846729_thumb.png

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jickiss is back!

 

 

 

jickiss is back!

 

 

and

 

pls note that the Secret jickiss doolar-Gold Indicator now Confirms, beyond any doubt, that a great Disaster approaches, in terms of the collapse of the doolar and Gold zooming waaayyyyyy up.

 

who bot those call Earl Opitons????

 

here is the latest chart of the Secret jickiss doolar-Gold Indicator.

I dunno Jick..

 

Could be that gold's ready for a swoon?

post-2117-1255857234_thumb.png

 

And doolar's on the up?post-2117-1255857252_thumb.png

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As predicted, in fantastic turn of events, the psycho douchebag "Balloon Family" is being brought up on local charges and may also be brought up on federal charges because of FAA violations.

 

At some point in ones life, any activity could be considered "criminal" just because there will be something you do that is violated. Oh look, I just released some emissions into the air...

 

I violated cap and trade with a cow fart.

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It is a distant memory now how the financial system is supposed to serve the needs

of the real economy by supplying needed capital to real businesses that actually

produce needed goods and services. But here's someone who remembers that.

 

Excellent article here by a U of Missouri prof:

 

How the Servant Became a Predator: Finance's Five Fatal Flaws

 

http://www.huffingtonpost.com/william-k-bl...a_b_318010.html[/url]

 

Also a new Ratigan article here:

 

Goldman Sachs' Black Magic, Here's How They Did It

 

http://www.huffingtonpost.com/dylan-ratiga...c_b_324095.html[/url]

 

There are numerous interesting articles on Huffington Post and elsewhere about the billionaire bailouts. Looks like it's not just Stoolies who are upset right now about the boatloads of taxpayer money that have been spent on banks that are giving out giant bonuses to employees, and are still not doing much lending to the real economy of businesses that produce needed goods and services.

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