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VIDEO (1min 21secs): Paulson Explains “Too Fast To Stop” … How A Bank Run Brings The Entire System Down

Posted by AGORACOM at 11:31 AM on Wednesday, December 14th, 2011

I am growing ever more concerned that trust in financial institutions is eroding. Trust, after all, is what allows you to keep your money, gold, silver and other assets stored with various financial institutions (banks, brokerages, etc.). Once that trust is gone, the repercussions go far beyond hurt feelings.

Given the recent MF Global collapse, followed by this story in Bloomberg in which we can’t figure out who actually owns gold and silver bars (with great analysis from ZeroHedge), I feel it is necessary to post the video clip below for everyone’s benefit.

“Too Fast To Stop” – Hank Paulson On What Happens When A Bank Run Results From Terrified Depositors (You) Who Start Withdrawing All Of Their Cash. Take 1min 12secs out of your life and watch this video clip from Too Big To Fail in which Treasury Secretary Paulson explains to his wife how fast it might all collapse

Posted in All Recent Posts, US Economy, Wall Street Crooks | Comments Off

60 Minutes Fries Wall Street / SEC / Justice Department ….. Sarbox Officially A Joke

Posted by AGORACOM at 12:04 AM on Monday, December 5th, 2011

(CBS News) Two whistleblowers offer a rare window into the root causes of the subprime mortgage meltdown. Eileen Foster, a former senior executive at Countrywide Financial, and Richard Bowen, a former vice president at Citigroup, tell Steve Kroft the companies ignored their repeated warnings about defective, even fraudulent mortgages. The result, experts say, was a cascading wave of mortgage defaults for which virtually no high-ranking Wall Street executives have been prosecuted.

I blankly stared at my keyboard thinking of ways to succinctly articulate my thoughts on this matter for 10 minutes. I couldn’t do it. Not without embarking on a 1,000 word rant.

All I can say is that Wall Street will burn. That isn’t anger. It isn’t vengeance. It is simply the clear path upon which Wall Street has set itself upon.

The full 60 Minutes page on this story can be found here.

The full 60 Minutes video can be found in the two clips below.

Posted in All Recent Posts, Foreclosuregate, OccupyWallStreet, SEC, Stock Scams, Wall Street Crooks | 2 Comments »

Jeffrey Sachs, Economist and Harvard Professor, Speaks The Truth At Occupy Wall Street

Posted by AGORACOM at 11:41 PM on Wednesday, October 12th, 2011

You simply need to listen to Obama supporter, Economist, Harvard Professor.   If you need to review his qualifications, see the Wikipedia entry below …. but watch the video first and take my word for it.  Here are just some of the things he had to say, which aren’t original but carry much more weight given his status.  I love the fact he expressed them on the fly during a media scrum at OccupyWallStreet …. The man needs to run for President:

  • The White House, Congress and The Senate Are Bought And Paid For
  • Get The Money Out Of Politics IF You Want Democracy Back
  • Obama Looked Like He Was Going To Change This Until He Put Wall Street Into The White House
  • He Hired The Team That Created The Mess To Begin With
  • Sachs Supported Obama In The Last Election
  • Obama Is Raising A $1 Billion War Chest For Re-Election
  • The People Need To Use Social Media To Effect Change As Fast And As Wide As Possible
  • Especially Since American Politicians Don’t Have A Clue About Social Media And Can Be Exploited
  • Who Watches TV Anymore Anyway

Jeffrey David Sachs (pronounced /ˈsæks/; born November 5, 1954, in Detroit, Michigan) is an American economist and Director of The Earth Institute at Columbia University. One of the youngest economics professors in the history of Harvard University, Sachs became known for his role as an adviser to Eastern European and developing country governments in the implementation of so-called economic shock therapy during the transition from communism to a market system or during periods of economic crisis. Some of his recommendations have been considered controversial. Subsequently he has been known for his work on the challenges of economic development, environmental sustainability, poverty alleviation, debt cancellation, and globalization.

Sachs is the Quetelet Professor of Sustainable Development at Columbia’s School of International and Public Affairs and a Professor of Health Policy and Management at Columbia’s School of Public Health. He is Special Adviser to United Nations Secretary-General Ban Ki-Moon, and the founder and co-President of the Millennium Promise Alliance, a nonprofit organization dedicated to ending extreme poverty and hunger. From 2002 to 2006, he was Director of the United Nations Millennium Project’s work on the Millennium Development Goals, eight internationally sanctioned objectives to reduce extreme poverty, hunger, and disease by the year 2015. Since 2010 he has also served as a Commissioner for the Broadband Commission for Digital Development, which leverages broadband technologies as a key enabler for social and economic development.[1] He is a member of the scientific committee of the Fundacion IDEAS, Spain’s Socialist Party’s think tank.

He has authored numerous books, including The End of Poverty and Common Wealth, both New York Times bestsellers and his latest book The Price of Civilization released on October 4, 2011. He has been named one of Time Magazine’s “100 Most Influential People in the World” twice, in 2004 and 2005.

Posted in All Recent Posts, OccupyWallStreet, US Economy, Wall Street Crooks | Comments Off

Rap Video: Raise The Debt Ceiling (It’s Actually Gooood)

Posted by AGORACOM at 8:11 PM on Wednesday, August 3rd, 2011

Whether you like rap or not, this is simply a great parody video. The words are great and the tune is actually catchy believe it or not. Not a bad tool for teaching younger people about what is going on.

“More unsustainable than my rap career” funny but frighteningly true

Posted in All Recent Posts, Bond Bubble?, Gold $2,000, QE, US Economy, Wall Street Crooks | Comments Off

Documentary: Architects & Engineers For 9/11 Truth Premieres In 30 Days

Posted by AGORACOM at 2:57 AM on Wednesday, August 3rd, 2011

Oh my god, the towers fell straight down like a demolition … they’re blowing them up from the inside.

- My first reaction to watching the towers free fall …. I’ve never wavered from it

The world is full of hotly contested conspiracy theories – and the truth about 9/11 building collapses ranks second only to who killed JFK.  Ironically, both of these events led to significant US military escalations that cost hundreds of thousands of lives, millions of injuries & anguish …. and significant enrichment of too many conveniently present elites.

Now, we literally have thousands of Architects, Engineers and Explosive Experts from around the world come together to produce a documentary that scientifically challenges and refutes official explanations of 3 World Trade Center building collapses on that dreadful day nearly 10 years ago.

If they are right, then the entire 9/11 event was a fraud and mass murder of historical proportions.

If they are right, gold help us all.

I haven’t seen the documentary but plan to do so.   Why? When tens of thousands of the smartest people on the planet are driven to produce a feature documentary, you need to take 120 minutes out of your life to watch and listen.

For those of you outright dismissing this, just consider how the US Government was caught red handed in their lies surrounding the death of Pat Tillman in Afghanistan.

Posted in All Recent Posts, Wall Street Crooks | 1 Comment »

AGORACOM Wire – Osama Death Effect On Markets & Did Silver Know Before The Rest Of Us??

Posted by AGORACOM at 11:48 PM on Sunday, May 1st, 2011


AGORACOM WIRE – SUNDAY MAY 1ST, 2011

11:15 PM EST … BREAKING … OSAMA BIN LADEN DEAD NEWS



MARKET REACTION … Equity Futures Up Big (Dow +106) … Oil, Gold, Silver Down Hard

DID SILVER MARKET KNOW ?? … Why Did Silver Market Drop $6 Immediately At The Open At 6PM EST Today? AGORACOM Silver Chart

VIDEO: Betrayed – The Story Of Aurelian Resources – AGORACOM Blog

Financial Post: AGORACOM Is The Site Retail Investors Famously Use To Fight Takeovers http://bit.ly/ihZzjh

BARRICK GOLD CEO - Gold Is Now Being Valued In A Whole New Way… Never To Be The Same Member Post Fiat Confidence Broken

WALL STREET JOURNAL ON YUKON GOLD RUSH – The Stakes Are Real

Posted in AGORACOM Wire, All Recent Posts, Silver $30, Wall Street Crooks | Comments Off

Am I Angry About SEC Letting Lehman Walk? Fucking Right I Am

Posted by AGORACOM at 1:55 PM on Saturday, March 12th, 2011

I’m not going to add much more than what has already been said below via ZeroHedge and then my responses Via Twitter.  The only question that remains, is whether Canadian Securities Commissions are going to pursue Lehman Brothers for the mega losses inflicted on Canadians as a result of Lehman’s acts to clearly mislead investors. If not, why not?

ZeroHedge Article Excerpt: (Click For Full Size Image)

My Responses Via Twitter:

Posted in All Recent Posts, Stock Scams, Wall Street Crooks | Comments Off

QE2 = $600 Billion … Until QE3 In July 2011 …

Posted by AGORACOM at 2:41 PM on Wednesday, November 3rd, 2010

WASHINGTON (MarketWatch) — The Federal Reserve pledged on Wednesday to start a controversial new billion bond-buying spree to rescue the economy from its current doldrums.  The Fed said it would buy up to $600 billion in long-term Treasurys until the end of June 2011, about $75 billion this month, in a strategy called quantitative easing.

This is the second time the Fed has engaged in quantitative easing, as it snapped up $1.7 trillion in mostly housing-related assets December 2008 and March 2010.

The Fed’s new move comes because the central bank disappointed with the slow pace of growth and worried that the high 9.6% rate of unemployment might put enough downward pressure on inflation to tip the economy into deflation or a period of a sustained drop in prices. The Fed said that the recovery has been “disappointingly slow.”

The Fed purchases are designed to bring down yields on government bonds believing that lower rates could always give the recovery a boost.  More broadly, the Fed wants to prompt private businesses and investors to begin to act with more confidence and help get the economy’s juices flowing. “They are trying to break through the fear,” said J.P. Morgan Chase economist James Glassman.

Doubts persist about whether the plan will work, but many feel the Fed had little choice but to act.

The Fed’s favorite policy tool, the target federal funds rate for interbank lending, has been about as low as it can go, in a range between zero and 0.25%, since December 2008.  The Federal Open Market Committee voted 10-1 to use the credit markets tools.

Still, some observers fret that the move will boost asset markets and not the broader economy.

Full Article At Marketwatch

WHY QE2 IS CLOSER TO $1 TRILLION

UPDATE:  BusinessInsider.com added some great insight that makes QE2 Closer To $1 Trillion

“But there will also be a reinvestment of $250 to $300 billion from payments associated with other securities it already holds. That makes QE2 feel a whole lot bigger, and closer to the top end $1 trillion number that was mentioned.”

Posted in All Recent Posts, Bond Bubble?, US Economy, Wall Street Crooks | Comments Off

How Obama Blew A Golden Opportunity To Kick Wall Street Ass And Inspire People

Posted by AGORACOM at 12:13 AM on Wednesday, November 3rd, 2010

Man, We Really Had High Hopes For You

I was about to hit the sack when I took one last look at my news stream and found this great post by my friend Barry Ritholtz.

The Tragedy of the Obama Administration

It is a must read.  I am no Obama basher – and neither is Barry Ritholtz.  In fact, we’re both entrepreneurs that believe in the right to compete and earn as much money as your ability (and luck) allow you to.  Not exactly the mantra of the Democratic party.  Nonetheless, if you are like us, you hate any sense of unfair play.  You want to win, or lose, fair and square.  You want your competitors to abide by the same rules.  Wall Street hasn’t played by those rules in over 30 years – and they are now threatening the entire global financial system.

Obama had a chance to change all that – and he failed.  Barry best summarizes this opportunity and failure in the following excerpt:

The opportunity existed to get the renegade banks under control — to reduce their leverage, their recklessness, and to get their hands out of the taxpayers pockets. That opportunity was squandered, and Obama ended up as a defender of the banking status quo. It is where his presidency could have achieved lasting greatness, and instead was turned into just another elected official, who over promised and under delivered . . .

HOW OBAMA BLEW IT

Watching Obama lose the house tonight was painful from a hope point of view.  I personally can’t stand politicians and don’t believe either U.S. party will ever make a difference. But I did believe Obama – the person – was capable of making the changes he campaigned on.  I could write for an hour but it would be futile and I’m tired.  As such, I’ll summarize my view in these 8 bullet points:

  • Americans haven’t been happy with the health care system for decades.
  • BUT they were really mad about Wall Street / Bank fleecing right now.
  • He should have tackled Wall St first and hard.
  • It would have inspired citizens that desperately needed a hero.
  • He could have then ridden that wave into any reasonable legislation he wanted.
  • Obama blew it. I didn’t want him to. I’m a Conservative from Canada – but hoped that someone would stop the Wall Street train wreck.
  • It would have been nice to watch a President act Presidential.
  • Le Sigh.

Regards,
George

Posted in All Recent Posts, Wall Street Crooks | 6 Comments »

BREAKING: Silver Price Manipulation Lawsuits Begin. Expect More To Come

Posted by AGORACOM at 7:31 PM on Wednesday, October 27th, 2010

Via Zerohedge:

Yesterday’s announcement by CFTC commissioner Bart Chilton that he was fully aware of fraudulent efforts to persuade and deviously control silver prices may have been the straw that broke the camel’s back on precious metal manipulation. Today, Brian Beatty and Peter Laskaris (Southern District Court of New York, cases 10-08146, and 10-01857) sued the two firms at the very top of the precious metal manipulation pyramid: JPMorgan and HSBC. The lawsuit, which seeks class action status, alleges that “between in or about March 2008 and continuing through the present, Defendants have combined, conspired and agreed to restrain trade in, fix, and manipulate prices of silver futures and options contracts traded in this District on the COMEX division of the NYMEX. Defendants thereby have violated Section 1 of the Sherman Act, 15 U.S.C ¶1. Also during the Class Period, individual Defendants have intentionally acted to manipulate prices of COMEX silver futures and options contracts. Such conduct violates Section 9(a) of the Commodity Exchange Act, 7 U.S.C. ¶13b.” And so, the tidal wave of lawsuits by all those who may have ever lost money trading precious metals against JPM et al begins.

The lawsuit alleges that the means by which JPM and HSBC manipulated the market is as follows:

  • Defendants have effected their foregoing restraint of trade and manipulation through diverse means. These means themselves include lawful and unlawful acts.
  • Defendants have held large positions in silver futures and silver options.
  • Defendant have held a concentrated and substantial amount of the open interest in silver futures contracts
  • Defendants have made large trades at key times.
  • Defendants or others have made large “spoof” orders which appeared on the trading screens; “spoofing” is the submission of a large order which is not executed but influences prices and is then withdrawn before it reasonably can be executed.
  • Defendants have communicated with and/or signalled one another their trades

Continue To Zerohedge article to see actual lawsuit filing.

This may be the first of such lawsuits but don’t expect this to be the last.  Across the USA, bigger and badder law firms are preparing their own lawsuits.

Further, don’t expect this to end with silver.  GATA, Sinclair, Sprott, Ron Paul et al will be vindicated in their assertions that gold too has been manipulated down for years.

Regards,
George

Posted in All Recent Posts, Gold $2,000, Silver $30, Stock Scams, Wall Street Crooks | Comments Off

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