Wednesday 29 October 2008

Ron Paul on the Bailout.

The addiction to bailouts will doom the dollar system.

Monday 27 October 2008

Synthetic CDO that fails in subprime securitization

Synthetic CDOs are magical things. They have no reality. But they exist. They are devious creations created by some of the most devious minds on earth. The search for the Holy Grail of untraceable, finger-printless, opaque, dark pool money machine was perfected a mere 10 years ago and it was unleashed upon this earth to exploit the Japanese carry trade's funny money 0% lending! See? When we talk about all these strange unicornic creatures created by the gnomes, we must never forget the ultimate reason: to exploit this amazing, once in the last 500 years event!
So the problem was, how to shimmy this good thing into the real economic world and thus, use it as a basis for building great wealth without lifting a finger or making anything exportable.
welcome to the Outer Darkness.

Saturday 25 October 2008

Friday 24 October 2008

Inevitable life

Interesting take on life..

Thursday 23 October 2008

Tuesday 21 October 2008

Saturday 18 October 2008

Wall Street Rapsody

s this the real price?
Is this just fantasy?
Financial landslide
No escape from reality
Open your eyes
And look at your buys and see.
I'm now a poor boy
High-yielding casualty

Because I bought it high,
watched it blow
Rating high,
value low
Any way the Fed goes
Doesn't really matter to me, to me

Mama - just killed my fund
Quoted CDO's instead
Pulled the trigger, now it's dead
Mama - I had just begun
These CDO's have blown it all away

Mama - oooh
I still wanna buy
I sometimes wish I'd never left Goldman at all.

I see a little silhouette of a Fed
Bernanke! Bernanke! Can you save the whole market?
Monolines and munis - very very frightening me!
Oh Super senior, super senior
Super senior CDO

I'm long of subprime, nobody loves me
He's long of subprime CDO fantasy
Spare the margin call you monstrous PB!
Easy come easy go, will you let me go?
Peloton! No - we will not let you go -
let him go
Peloton! We will not let you go -
let him go
Peloton! We will not let you go -
let me go
Will not let you go
- let me go (never) Never let you go - let me go Never let me go - ooo

No, no, no, no, no, no, no, -
Oh mama mia, mama mia, mama mia let me go S&P had the devil put aside for me For me, for me, for me

So you think you can fund me and spit in my eye?
And then margin call me and leave me to die Oh PB - can't do this to me PB Just gotta get out - just gotta get right outta here

Ooh yeah, ooh yeah
No price really matters
No liquidity
Nothing really matters - no price really matters to me

Any way the Fed goes.....

Treasury Commerical from NBR

Sepreme satire from NBR.

Saturday 11 October 2008

Rogers: CASH is the King.

Rogers is a bright guy.

The McCain-Palin Mob

Obama has terrorist bloodlines!

Wednesday 8 October 2008

CNBC airs prediction of default in paper gold

CNBC today gave a few minutes to Swiss Asia Capital CEO Jurg Kiener to talk about gold, and he noted the disparity between the explosive physical market price and the sluggish paper market price, blamed the speculation of Wall Street banks for the latter, and predicted the failure of the paper market and the quick doubling of the gold price. You can watch the interview here:


Tuesday 7 October 2008

Saturday 4 October 2008

Wednesday 1 October 2008