Oldtent Archives 2009

Must watch!

www.youtube.com/watch?v=2iPPfOKyayg

I followed up on a post from ez. It was a reference to Team Law. I checked it out on the Web and there was a lengthy discussion about the incorporation of the District of Columbia into Corp US and how this has led to the fiscal power of the US and the US treasury to being controlled by this Corp US and how the Fed was spawned in 1913 through some connection with Corp US. Quite frankly was not aware of this info. Has anybody here read about this? It sounds like ez has uncovered something of signifance.

stockcharts.com/h-sc/ui?s=&p=D&yr=0&mn=9&dy=0&id=p93285948779

“Four Strong Winds”

Nothing but the Best…….. From Neil Young

Vegas $1000

“”If we get there before the snow flies, and things are looking good,

you could meet me if I send you down the fare”……..

www.youtube.com/watch?v=DFdg7OyHNos&feature=related

Winedoc Jr and I are going to bed

 on Caye Calker , Belize.

If anyone is interested contact info is on the file

pelican_reef villas_-_phase_1.jpg

batten down the hatches ….. I hear “Bill’s” comin’ a calling this weekend in your area ….    

 may be right about the broad market if we see massive dollar weakness. Tough to see it from here though. Sept./Oct. on deck.

Hear’s a cheers to any Nephie, Goldbug, or folk music lover……from

The Winedoc

www.youtube.com/watch?v=byQBsH-iQQs

Sonny’s Dream
(Ron Hynes)

Sonny lives on a farm on a wide open space
Where you can take off your sneakers and give up the race
You could lay down your head by a sweet river bed
But Sonny always remembers what it was his Mama said

Sonny carries a load though he’s barely a man
There ain’t all that to do, still he does what he can
And he watches the sea from a room by the stairs
And the waves keep on rollin’, they’ve done that for years

cho: Oh, Sonny don’t go away, I am here all alone
And your daddy’s a sailor who never comes home
And the nights get so long and the silence goes on
And I’m feeling so tired, I’m not all that strong

And it’s a hundred miles to town, Sonny’s never been there
And he goes to the highway and stands there and stares
And the mail comes at four and the mailman is old
Oh, but he still dreams his dreams full of silver and gold

Sonny’s dreams can’t be real, they’re just stories he’s read
They’re just stars in his eyes, they’re just dreams in his head
And he’s hungry inside for the wide world outside
And I know I can’t hold him though I’ve tried and I’ve tried

Oh, Sonny don’t go away, I am here all alone
And your daddy’s a sailor who never comes home
And the nights get so long and the silence goes on
And I’m feeling so tired, I’m not all that strong

 I agree. The military is the key. I would think that initially they might follow orders, but if they see mass imprisonment and death among the populace, I suspect that would change very quickly.

Fractal Gold Report for August 22, 2009

By David Nichols
dnichols@fractalpublishing.com

Gold blasted higher on Friday, which is entirely appropriate for a Day 30 reversal. The more time I spend with this cycle in real-time, the more amazing it appears to be. Of course it brings up the question of why, but I’m not sure we’re designed to know such things. Perhaps it is our lot to merely observe.

It was a highly energetic blast-off over $944, leaving little doubt about the upside intent of this cycle. This is shaping up to be a big-time move, most likely all the way up through Day 64 on October 10th.

While I’m on the subject of the timing cycle, there is clearly much more to this than I’ve figured out to this point. I’m getting better at “eye-balling” what 43 candles looks like on a chart, and I noticed this morning on the hourly chart that the blast-off seemed to happen right around this point. Sure enough, the same cycle plays out on the hourly chart.

I’m not going to obsess on the fractal nature of this timing cycle, but it’s important to see this sort of behavior across all time-frames to establish the universal validity of this cycle.

On the 150-minute chart, the fractal dimension is down to 35, so it’s reasonable to expect a brief consolidation here at $960, which is already happening after the initial surge up this morning.

We should expect a consolidation through late Monday morning, and potentially some up-and-down oscillations between $945 and $960. This would be entirely normal, and not worrisome in the least.

But we don’t want to see $945 breached on the downside, or this could be some sort of wicked fake-out that could lead to a larger collapse. I’m not expecting this — not even remotely — but it’s good to know when something unexpected is happening.

So it looks like the up-trend is right back on track. There could still be some difficulty getting up to $990, but ideally gold should now have stretch up to there by Day 43, on Sep. 10th.

NewtoGold, I was curious if ya got to read that historical llink? If so, any opinion on the demises by devises listed therein?

Fractal Market Report for August 22, 2009

By David Nichols
dnichols@fractalpublishing.com

The upside power on display in equity markets during this timing cycle has been quite awesome to behold. Friday’s huge surge higher again managed to carry the 150-minute fractal dimension down below 25, and it remained in the low 20s over the rest of the day.

This sub-25 fractal dimension “peg” has now happened twice in this timing cycle, since July 10th. I’ve never seen anything like it. There is awesome power behind this move, which strongly suggests that 1060 will just be a temporary road-block on the way up to at least 1250.

I’m starting to think the SPX can get back to the all-time highs over the next few years, and if the dollar gets creamed over this time, it could even bust out — nominally-speaking, of course — to major new highs. Even better: how many people are even considering this possibility?

There is a good reason for all this upside energy, as the Weekly Leading Index from the ECRI is hitting major new highs every week. The growth rate just hit a massive +17.3%.

This is not just a recovery, it’s a massive recovery. Don’t be fooled by the “giant error of pessimism” that happens at every business cycle bottom. Not only is this recovery the real deal, it’s the strongest recovery since 1983, which just happened to be a pretty good bottom for equity markets.

The surprises should keep coming to the upside for at least a year now, and probably 2 years.

There is even room for an upside surprise right now on the daily chart, as a trend is just starting with this breakout.

This daily chart should be the scariest possible thing to a bear, as another strong breakout surge is happening with a full load of available energy on the daily chart.

We’ll have to see how this daily fractal dimension looks as the SPX is hitting 1060. If it’s not down in the 30s at that time, we should strongly consider holding on to long positions, as the SPX could burst right through with barely a pause. We’ll see how this develops over the next week or so.

Bank Failure #81: Down Goes Guaranty

by CalculatedRisk on 8/21/2009 07:09:00 PM

Guaranty Bank, Austin, TX was closed today by the Office of Thrift Supervision, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. …

As of June 30, 2009, Guaranty Bank had total assets of approximately $13 billion and total deposits of approximately $12 billion. …

The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $3 billion. … Guaranty Bank is the 81st FDIC-insured institution to fail in the nation this year, and the second in Texas. The last FDIC-insured institution closed in the state was Millennium State Bank of Texas, Dallas, July 2, 2009.

Added by request from Soylent Green is People:

August 21, 2009

Dear Friend of Liberty,

Our Northeast Regional Conference on Sept. 17-19 in Valley Forge, PA will feature Congressman Ron Paul, Judge Napolitano, Tom Woods, Phil Giraldi, and Peter Schiff.

How can an event with such a powerful lineup get any better?

I am proud to announce that British Member of Parliament Daniel Hannan is now confirmed as the latest addition to our Conference!

Daniel Hannan has become an international sensation for defending the principles of a sound fiscal policy. He made headlines when he openly criticized British Prime Minister Gordon Brown for his policies of spending Great Britain into even larger debt, referring to Brown as “The devalued Prime Minister of a devalued Government.” The video of that interaction has achieved worldwide fame and reached approximately 2.5 million views on Youtube alone!

Don’t miss out on what is sure to be the biggest Regional Conference yet! Register or become a sponsor today and use promotional code “Madison” when registering to receive a free gift from Campaign for Liberty.

Daniel Hannan has graciously agreed to take part in two private events with C4L members. Hannan will be holding a private briefing on Saturday afternoon, Sept 19, in which he will discuss his time in the British Parliament, his battles against the forces of big government, and his continued struggle to uphold liberty.

This is a very rare opportunity to hear Hannan in person in what will be a very intimate gathering. Spots are extremely limited, so sign up today!

Later that evening, he will also take part in our “Gold Reception,” where he will be joined by Peter Schiff and Tom Woods for a time of appetizers, drinks, and interaction with C4L members.

The private briefing and Gold Reception are each $100.

Become a sponsor and receive admission into both of these events as well as access to grassroots training, our Diamond Reception with Ron Paul, briefing with Judge Napolitano, and more!

You may also purchase tickets for both of these events separately by visiting our registration page. If you have already purchased tickets for the Conference or any related event, you can purchase a ticket the same way you used to register for those events. Just uncheck the boxes of the events you’re already scheduled to attend and then select the Private Briefing with Daniel Hannan and the Gold Reception.

Don’t forget to use promotional code “Madison” to receive your free gift!

Finally, on Saturday night, Hannan will once again join Peter Schiff and Tom Woods for our “Economic Liberty Symposium.” The Symposium is a FREE event that is open to the public.

Click on the video below to watch Daniel Hannan take on Gordon Brown and champion restoring Britain to sound economic footing:

www.youtube.com/watch?v=94lW6Y4tBXs

With Congressman Ron Paul, Judge Napolitano, Tom Woods, Phil Giraldi, Peter Schiff, and now Daniel Hannan, as well as hundreds of liberty minded activists, this will be without question an event of a lifetime.

I look forward to seeing you there!

In Liberty,

The Perfect Solution to Senior Health Care

While discussing the upcoming Universal Health Care Program with my sister-in-law the other day, I think we have found the solution. I am sure you have heard the ideas that if
you ’re a senior you need to suck it up and give up the idea that you need any health care. A new hip? Unheard of. We simply can’t afford to take care of you anymore. You don’t need any medications for your high blood pressure, diabetes, heart problems, etc. Let’s take care of the young people. After all, they will be ruling the world very soon.

So here is the solution. When you turn 70, you get a gun and 4 bullets. You are allowed to shoot 2 senators and 2 representatives. Of course, you will be sent to prison where you will get 3 meals a day, a roof over your head and all the health care you need! New teeth, great! Need glasses, no problem. New hip, knee, kidney, lung, heart? Well bring it on.. And who will be paying for all of this. The same government that just told you that you are too old for health care. And, since you are a prisoner, you don’t have to pay any income tax.

I really think we have found a perfect solution!

is a low-life, but once again I underestimate the lowness of such slimeballs. He should be a senator or something

At the rate we’ve seen so far, it looks like it will be 120+ of them by year end.

JBI

Still got the big one (Guaranty (Texas)) to come today - IF - the FDIC does what it should!  Time will tell.

6:17 PM - CapitalSouth Bank, AL, 80th bank failure of 2009

SAN FRANCISCO (MarketWatch) - CapitalSouth Bank of Birmingham, Ala. became the 80th bank failure of 2009 after it was closed by the Alabama State Banking Dept. which appointed the Federal Deposit Insurance Corp. as receiver, the federal agency said Friday. The FDIC said it has entered into “a purchase and assumption agreement with Iberiabank, Lafayette, La. to assume all of the deposits of CapitalSouth Bank, excluding those from brokers.”

~ ~ ~

JBI

Posted: Aug 21 2009     By: Dan Norcini   

Dear CIGAs,

Click the chart to enlarge today’s hourly action in Gold in PDF format with commentary from Trader Dan Norcini

SAN FRANCISCO (MarketWatch) - First Coweta, Newnan, Ga. became the 79th bank to fail in 2009, after it was closed by the Georgia Dept. of Banking and Finance which appointed the Federal Deposit Insurance Corp. as receiver, the federal agency said Friday. The FDIC said it has entered into a purchase and assumption agreement with United Bank, Zebulon, Georgia to assume all deposits of the bank, excluding those from brokers.

~ ~ ~ ~

JBI

PS - Do I hear 80?

5:21PM - Atlanta-based Ebank year’s 78th failure

SAN FRANCISCO (MarketWatch) — Atlanta-based Ebank became the 78th bank failure of 2009, according to the Federal Deposit Insurance Corp. on Friday. Stearns Bank of St. Cloud, Minn. will assume all of the deposits and purchase Ebank’s assets. As of July 10, Ebank had assets of $143 million and total deposits of about $130 million. The failure also marks the 17th bank failure in Georgia for the year.

~ ~ ~ ~

JBI

Got this in an email today. It figures that the Senator from my state is a nazi.

A special message from Citizens Committee for the Right to Keep and Bear Arms:

U.S. Attorney General To Limit Gun Sales

Gun Hater Lautenberg Proposes “Extraordinary Powers” Be Given To the U.S. Attorney General To Limit Gun Sales.

Obama and the White House are looking the other way as Lautenberg seeks to ban guns from 1,000,000 US citizens on a secret FBI terrorist watch list. Obama has deliberately and repeatedly lied to America’s 90 million gun owners across the country when he insisted that he would not try to take away anyone’s firearms. Now Obama’s silence endorses Lautenberg’s latest attempt at banning guns.

Lautenberg has now introduced bill S. 1317 that would give the attorney general the discretion to block gun sales to people on terror watch lists. We must defeat this bill from giving extraordinary powers to limit gun sales to the Attorney General.

Fax NOW - Get Your Name Off The List
STOP Lautenberg’s Attorney General Gun Grab
Select Here to Reject AG Gun Ban and Fax All 99 Senators

Lautenberg To Reveal Names on Secret List

The names of the people on the watch list are secret, and Lautenberg said he was frustrated by the F.B.I.’s refusal to disclose to investigators details and specific cases of gun purchases beyond the aggregate data.

Gun hater Lautenberg requested the gun grab study from the Government Accountability Office. He is using statistics, compiled in the report that is scheduled for public release next week to invade US citizen’s privacy and put more restrictions on the Second Amendment.

Lautenberg said he wanted a better understanding of who is being allowed to buy guns.

How you ask? Trial by innuendo and misinformation that has put 1,000,000 Americans and maybe even you on a terrorist watch list without your knowledge by saying: people placed on this government’s terrorist watch list can be stopped from getting on a plane or getting a visa, and will also be stopped from buying a gun.

Lautenberg wants gun purchases stopped for just being on the list. Current law states federal officials must find some other disqualification of a would-be gun buyer, like being a felon, an illegal alien or a drug addict.

Is your name on the list and can you get it removed?

The government’s consolidated watch list, used to identify people suspected of links to terrorists, has grown to more than one million names since the attacks of Sept. 11, 2001. It also has drawn widespread criticism over the prevalence of mistaken identities and unclear links to terrorism.

A CNN story raises questions about mistaken identities on the list - James Robinson is a retired Air National Guard brigadier general and a commercial pilot for a major airline who flies passenger planes around the country.

James Robinson is a retired brigadier general and a commercial pilot. His name is on the terrorist “watch list.”

He has even been certified by the Transportation Security Administration to carry a weapon into the cockpit as part of the government’s defense program should a terrorist try to commandeer a plane.

But there’s one problem: James Robinson, the pilot, has difficulty even getting to his plane because his name is on the government’s terrorist “watch list.”

That means he can’t use an airport kiosk to check in; he can’t do it online; he can’t do it curbside. Instead, like thousands of Americans whose names match a name or alias used by a suspected terrorist on the list, he must go to the ticket counter and have an agent verify that he is James Robinson, the pilot, and not James Robinson, the terrorist.

“Shocking’s a good word; frustrating,” Robinson — the pilot — said. “I’m carrying a weapon, flying a multimillion-dollar jet with passengers, but I’m still screened as, you know, on the terrorist watch list.”

Fax NOW - Get Your Name Off The List
STOP Lautenberg’s Attorney General Gun Grab
Select Here to Reject AG Gun Ban and Fax All 99 Senators

History Repeating Itself?

The 1938 German Weapons Act, the precursor of the current weapons law, superseded the 1928 law. As under the 1928 law, citizens were required to have a permit to carry a firearm and a separate permit to acquire a firearm. Furthermore, the law restricted ownership of firearms to “…persons whose trustworthiness is not in question and who can show a need for a (gun) permit.”

Lautenberg Must be Stopped

Recently Sens. Frank R. Lautenberg (D-NJ), Jack Reed (D-RI) and Dianne Feinstein (D-CA) have joined Paul Helmke, President of the Brady Campaign to Prevent Gun Violence and victims and family members of the Virginia Tech tragedy, to introduce legislation to eliminate the private transfers of firearms and close the nation’s “gun show loophole.”

Not sure how to break this to you - but - “V” over at GE knows what stocks you hold and he shorts them right before the close - just to keep you down.   Sorry I had to be the one to tell you. 

(maybe not - but it is as good a story as anyone else can come up with)

AP source: $2 trillion higher deficit projected

22 minutes ago
By JIM KUHNHENN
Associate Press Writer(AP:WASHINGTON) A White House budget official says the Obama administration expects the federal deficit over the next decade to be $2 trillion bigger than previously estimated.

Ten-year forecasts are volatile figures subject to change over time. But the higher number will likely create political difficulties for President Barack Obama in Congress and could create anxiety with foreign buyers of U.S. debt.