Oldtent Archives 2009

(the latter in fairly colourful language), but both times they were.

For Denninger, the Q is now, what is the monetary base the day the credit card ceases to work.

Do I dare mention this subject? See on www.JSmineset.com

Hey the Belize Agriculture Report is now after long delays on line…go to Belize news then in lower right corner is the Belize report//says we have an overabundance of cattle here.70,000 head?.and the negotiations with Mexico are going well in regards to export….God I didn’t know that Mexico was that hard up for beef[an I use that term very loosely in regards to Belizian Battleships they call beef on the hoof]…In fact come to think of it the overabundance is probably because it tastes like S–t
Lot of good pricing info too……

…..Spanish Company buys Texas bank ?

……Is that like the Alamo ..alll over again ?

….Deadeye ….Aggie…what the hell is going on down there ?

SAR buy signal on GOLD on Friday.

stockcharts.com/h-sc/ui?s=&p=D&b=5&g=0&id=p11247659148

gas is highly oversold. rsi is approaching zero. fundamentals are extremely bearish. gas always bottoms under these conditions. prices are so low that wells will be shut in. one good hurricane will send prices crazy. it will have to disrupt the gulf of mexico and a direct hit on the henry hub would really send it up. beware of any rally and don’t stay too long. storm damage is always temporary. the economy and commercial demand must return to get any sustained rally.

rno

you got mail.

rno

* * * * * 10 Best Performing Industries * * * * *
~ ~ ~ ~ ~ ~ ~ YEAR TO DATE ~ ~ ~ ~ ~ ~ ~

DJ US Tires Index
. . . +188.74%

DJ US Travel & Tourism Index
. . . +133.57%

DJ US Nonferrous Metals Index
. . . +121.48%

DJ US Automobiles Index
. . . +119.11%

DJ US Paper Index
. . . +69.10%

DJ US Forestry & Paper Index
. . . +69.10%

DJ US Automobiles & Parts Index
. . . +68.23%

DJ US Coal Index
. . . +65.97%

DJ US Apparel Retailers Index
. . . +63.15%

DJ US Gambling Index
. . . +57.05%

….courtesy of BigCharts.com

~ ~ ~ ~

JBI

The Odd Couple

www.youtube.com/watch?v=s0TjfOKnF-c

Truly AWESOME.

JBI

they were there than and now…the results…the day of the digit of accountability was a window we never fully understood….the real capture of the monetary system ….

simple chat…..gold to paper…paper to cheques…cheques to credit cards…credit cards…trusted transactions….an example take a fifty note spend it …has it not been checked for trust…paper currency is now…humm is it real…we could chat about all this simple and silly….unfortunately when ….condense….if is their foot prints….

short hit at the can….modern stock…now there is a story…you really own what…and when the stock ( common term)..enough for one evening….

The government, however, agreed to absorb most of the losses on $9.7 billion, or more than 80 percent, of the Guaranty assets included in the deal.

http://www.nytimes.com/2009/08/22/business/22bank.html?hp

Hi there my friend,

Can’t believe the nonsense this Karl Denninger is trying to publish- meantime he seems to have blocked my return answers.

What a great guy - givin’ you a morsel and pick it up or play dead - seems a real buster of intelligence  and the rest of it, befitting for the NWO.  

The world of what if….simple insight….we are all being manipulated….you or runner or i could comment..on charts and expectations….the tools of these expectations…key word expectations…to past frame of references which allow the general population to be here today. we can allow chat…this i sincerely enjoy….the end results…they walk slowly…their results have been clear to their direction…so to say…

Sometimes we’re all asking who’s full of shit … and have a problem to get rid of it … constipation of “wishful” thinking may be least part of the problem.

The shit part was specifically donated to Jim Willie and John Williams- which in retro will hit its author.

Only the other day did I know for sure where our dear old boy Denninger was coming from….when he finally came out of hiding and showed his true colors pumping the S&P like he did…nice try Karl…don’t work with us Tenters!

I am a hipocrite for sorts…I just spent the better part of the morning and early afternoon constructing a 12 page letter wherein I have lied my a– off to a U.S Senator….about the merits and needs of a certian central American country Haaaaaaaaaaaa touche!!!!!! evry time I look at the health clinic it reminds me of you haaa

I may be wrong,

though in this case you’re a bit of a rogue believing in your own credit based (not monetary) assumptions of  spending yourself to prosperity - see your credit card idiocy - sorry your - sorry education along with your condemnation of my friends (you called it pontification) is lastly  an idealogical, intellectual and  bankrupt analysis.

Exactly - that’s the way I may see your contributions.

Hagve a great day frr

—– Original Message —–

From: Karl Denninger

To: Florian Riedl-Riedenstein

Sent: Saturday, August 22, 2009 9:48 PM

Subject: Re: sb-webovr (insert subject inside parenthesis, please leave tag alone!)

You’re wrong.

The monetary base in any debt-based system (of which all modern systems are) is the total asset value against which loans can be made.  If you contemplate for a while on how all modern economic systems work you will inescapably come to this conclusion - you can’t wind up anywhere else so long as your credit card in your wallet spends IDENTICALLY to the $20 bill in your wallet - and it does.

Think about it a bit then cogitate on what has happened to the monetary base from 2000-2007 and from 2007-Present.

The light might come on.

Williams is full of shit because he, like the rest of the crooners (including Willie) are looking in the wrong place.

The lack of cognitive effort applied to analyzing the economy before one pontificates on it by these folks (along with most others) is BREATHTAKING.  That so many parrot the same foolishness doesn’t make it right - it just marks their analysis as identically bankrupt on an intellectual level.

Have a nice day.

Florian Riedl-Riedenstein wrote:

Sorry Karl,

I didn’t want to go into any kind of argument with you, though your statement was a bit harsh vis a vis JM and as he’s a personal friend of mine i took it rather personal.

Yeah, what’s the monetary base?  According to John William’s Shadow gov. stat’s - about growing 18% p/a - notwithstanding the mean measure of de-leveraging any and all financial assets including notional values of monetary bets of Trillions of Dollars by the major financial players - and that is PLAYERS - Wall Street and other financial gangsters; Their last counterparties to somehow make their exotic, now toxic idiocies somewhat credible - like major insurance (AIG) and semi gov. secured Freddies and Fannies have already been seen through as GS has taken advantage of this liquidity fallout to get out.   

… and so the Q. is not what’s the monetary base - it is the how to cope with the un-re-payable debt …

Your turn - But for now I’d rather say see u later -frr

—– Original Message —– From: Karl Denninger

To: Florian Riedl-Riedenstein

Sent: Saturday, August 22, 2009 8:09 PM

Subject: Re: sb-webovr (insert subject inside parenthesis, please leave tag alone!)

One question: What is the monetary base?

Answer that and you’ll understand why we already had the hyperinflation - and can’t do it again.

Florian Riedl-Riedenstein wrote:

Karl,

Thanks for your response -

My prob is I’m in the inflationist camp as well and in view of the unprecedented debt levels of the US, UK and eventually the EU - the only ways out are either default, longer timelines or ultimately inflate the debt away!

Well, as I see it there is a lot to be said for the latter, as was historical the last resort to sort out the problem; Unfortunately, it was always was found out by the creditors and the end game mostly was pretty tragic as debtors started wars to inveigle their “subjects” to their own lies.

Guess, Karl you may revert a bit more to historical facts …

Sorry for brief response - have dinner guests - though will continue - Best frr 

 —– Original Message —–

From: Karl Denninger

To: Florian Riedl-Riedenstein

Sent: Saturday, August 22, 2009 7:14 PM

Subject: Re: sb-webovr (insert subject inside parenthesis, please leave tag alone!)

He’s been a hyperinflationist for a VERY long time and I still disagree with him on that.

Yes, even today

Florian Riedl-Riedenstein wrote:

Hi Karl,

Can’t figure out why you’re blasting Jim Willie in your latest article on 321 Gold, since for once you believe him?

Gimme a break, what’s your problem with a guy spelling out reality to come down our direction in due course; And JW is not quite alone, there are a few others on any issues from energy, food and resource scarcity, which will climb to unprecented heights, due to an ever depreciating US Dollar (- Probably not alone, as the Buck would wish), though direct competitors including the €-zone will go beggar their neighbors. We all know where that’s leading and as Buffet has recently stated - “I see the US becoming a Banana Republic”!

I would only add - it already is - Cheers Florian RR (AT)  

enchantingly as the “fly boy” had an article by a guy called Karl Denninger, whose main effort was to deny and opposes Jim Willie’s writings, except his last one.

Well, let’s just be fair and say whatever Jim Willie has written over the past few years has  overall taken place and I’m personally taken his advice and have faired (relatively, due to the circumstances) well. I’ve also done my PM investments and more and don’t ever  need a newcomer to tell me my old friends and my personal inclinations are all  for naught - as I’m not only on board of few for a generation and what’s more made real money on some others over the years.

And here comes a guy - Karl  Denninger letting me know what idiots we all are listening to Jim Willie, John William’s etc. - here’s my

I smile ..I have recently learned a term….”it is what it is”….I am no longer shocked or surprised to the recent events. Richard….we are all being shephered into a NWO…we ..you…the sheep..can understand the past and the manipulations of current events…with insight…but factually not really change what is about to occur….fact!

So …kiss ..until an event of leadership occur…you …me ..the tent…are not unfortunately really going win in the insight of what should be…so to say…I have always endeavoured not to be too complex in by messages….smile..

Speaking of regulators, Ted Butler thinks he can work with someone like Gary
Gensler, who is the current chairman of the CFTC, and an alumni of Goldman Sachs
(gee, what a surprise). Gary Gensler helped Larry Summers rig the gold market as the
Clinton Administration established its strong dollar policy, taking gold down to its market
bottom as Gordon Brown put his two cents in to create “Brown’s Bottom.”

Gensler also teamed up with Summers to advocate the repeal of Glass-Steagall
and the deregulation of derivatives via the Commodity Futures Modernization Act. Ted
thinks he can work with Gary because Ted is a gentlemen, but he should know better.
These people do not think like he thinks. They are greedy, slimy animals. Never in a
million years will they decrease position limits for the COMEX silver market without
continuing the various exemptions enjoyed by the commercial shorts even though they
have absolutely no legitimate business purpose to hedge other than pure manipulation.
In fact, it is most likely that any reduction in position limits by the CFTC will be used to
suppress the large specs, and thereby to strengthen the positions of the large
commercial shorts. But Ted is serving an important function in that he is documenting
the rampant fraud and manipulation, and putting officials on notice, so they do not have
the excuse that they were ignorant. We commend him for this. That way, when the
trials and recriminations start, we will know who to prosecute and we will also know the
precise nature of their crimes. This is why we always put links to Ted’s articles in the IF.

talked to his economic staffer for about 25 minutes.  Gave him an earful.  I may get visit from men in black.  He said that he hasn’t supported B Sanders bill yet because it would give to much power to Barnie Frank.  I said that the power over the currency should reside within congress not private interests.  The Barney Franks of this world do not live forever.  They can be out of there after next election (theoretically).

Sent Goldman Sachs info - he is aware of problem.

Sent naked short and uptick info.  He is aware of problem.

I said it seems that a lot of people are aware of the problems but are not doing anything about them.

Thanks for call.  Call again if we can help. Click

……Momentum Monentum Momentum

I did my part … shot off an email for each member of family (3) to Kay Hagan (D-NC).  Let her know in no uncertain terms that she either gets on-board or we will work to defeat her at re-election.  She was one who has been avoiding the townhall meetings to confront the issues - shameful!