Rationalize Posted October 18, 2009 Report Share Posted October 18, 2009 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" Link to comment Share on other sites More sharing options...
Jimi Posted October 18, 2009 Report Share Posted October 18, 2009 This is really in your face. 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. Link to comment Share on other sites More sharing options...
Rationalize Posted October 18, 2009 Report Share Posted October 18, 2009 congrats ta GooG common mad-dongers I shoulda drunk the Kool-Aid too and sincere congrats ta them rally-cappers what called the 10k showpork may ye hold yer dongs all the way back down ta Dow 3666 Mad dong power brohner surprise. Link to comment Share on other sites More sharing options...
Rationalize Posted October 18, 2009 Report Share Posted October 18, 2009 congrats ta GooG common mad-dongers I shoulda drunk the Kool-Aid too and sincere congrats ta them rally-cappers what called the 10k showpork may ye hold yer dongs all the way back down ta Dow 3666 Unpredictable, accidental, shocking 10K sitting bear showpork delight. Link to comment Share on other sites More sharing options...
jickiss Posted October 18, 2009 Report Share Posted October 18, 2009 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. Link to comment Share on other sites More sharing options...
shorty Posted October 18, 2009 Report Share Posted October 18, 2009 speakin' a Moon Shots margin man gave me one I bit off a bit too much GooooG got aSSigned a Moon Shot on some naked callz ouch them Moon Shots'll put a hurtin' on ya right quick Link to comment Share on other sites More sharing options...
shorty Posted October 18, 2009 Report Share Posted October 18, 2009 CrAAple CONputurd 200 circle-moonshot on Mon? KoolAiders love their CrAAple and GooooooG at least Big Blew got busted always a fresh new bear market somewhere that POS common is worth zero Link to comment Share on other sites More sharing options...
Rationalize Posted October 18, 2009 Report Share Posted October 18, 2009 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? And doolar's on the up? Link to comment Share on other sites More sharing options...
Charmin Posted October 18, 2009 Report Share Posted October 18, 2009 and if you didn't know - as part of our economic recovery we are witnessing the systematic destruction of business and budgets. "Furlough" is a word you can google for some insight. I chose to google "union furlough." It's going around and here to stay for another two years. http://news.google.com/news/search?um=1&am...ll&start=10 Link to comment Share on other sites More sharing options...
Trader Joe Posted October 18, 2009 Report Share Posted October 18, 2009 10,334 Link to comment Share on other sites More sharing options...
Trader Joe Posted October 18, 2009 Report Share Posted October 18, 2009 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. Link to comment Share on other sites More sharing options...
Ags Nightmare Posted October 18, 2009 Report Share Posted October 18, 2009 TJ, ...good...the Ballon Boy story is ridiculous....even more ridiculous is the coverage the media is giving it...... when I saw the pictures of that thing, I wonder if Jiffy Pop was this guys inspiration..... Link to comment Share on other sites More sharing options...
Trader Joe Posted October 18, 2009 Report Share Posted October 18, 2009 I loved the "Jiffy Pop" back in the day !!! Link to comment Share on other sites More sharing options...
Charmin Posted October 18, 2009 Report Share Posted October 18, 2009 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. Link to comment Share on other sites More sharing options...
capitall Posted October 18, 2009 Report Share Posted October 18, 2009 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. Link to comment Share on other sites More sharing options...
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