[kj] OT -- 9%... 10%...

[sade1]

Btw, I forgot, you're hired!
 
 



________________________________
From: Brendan Quinn <bq at soundgardener.co.nz>
To: A list about all things Killing Joke (the band!) <gathering at misera.net>
Sent: Sat, February 12, 2011 3:40:40 PM
Subject: Re: [kj] OT -- 9%... 10%...


I worked in the banking industry for 5+ years, commercial banking for about 2 
years, then trading floors for 3 +. During that time I witnessed the 
Econopocalypse firsthand; the events leading up to it, and the aftermath. I 
ended up working on the largest trading floor in the southern hemisphere, at a 
large investment firm that was one of those financial supermarkets – currency, 
equities, debt (huge dept!), private wealth management, m&a, infrastructure, you 
name it, they did it, 24 hours a day, 5 days a week. I rotated across all shifts 
so I got to see the activity of the market around the clock, talked to bankers 
all day long, CNBC / FOX was constantly on up on the plasma screens, I got the 
subscription newsletters they get from the financial shills, I read the analysis 
they sent out to their clients every day, and when I had downtime on night-shift 
I did my own research. I supported all of their trading platforms – Reuters, 
Bloomberg, EBS, and any number of proprietary systems from order entry to 
settlements. I used to find finance an absolute bore but after getting some 
exposure to it I find it fascinating - mainly the big picture, not the details.
 
So my initial interest was watching what was going on in the banking world, and 
comparing it to what I was reading in the generally underground press. I won’t 
comment too much on the difference between the two, suffice to say I never once 
spoke to anyone in banking in that time who understood how money is created via 
private central banks and the fractional reserve system. In fact I was once 
ridiculed for mentioning it, which I was able to quash with a single Wikipedia 
link…
 
These days I continue to read the business news online - mainly to check the 
market figures, not for analysis.
I go to www.seekingalpha.com – and filter out what I think are the decent 
contributors. Often the comments section is better than the articles. 

 
In terms of individuals there’s a few and they change from time to time, in no 
real order but I give the top two a fair bit of credence atm:
 
Gerald Celente
 
http://www.youtube.com/watch?v=JhaEc_4zuFI&feature=related
 
JS Kim (subscription fee to his newsletter is priced against the spot price of 
gold)
 
http://www.youtube.com/watch?v=W_FbKvZ4yRc&feature=related
 
Jim Rogers
Max Kaiser
Peter Schiff
Ron Paul (the last two only re economics, not politics)
Gareth Morgan (NZ)
Jim Rickards
James Turk
Mike Malone
Was paying attention to Roubini but not so much anymore
Alex Jones but largely for a laugh
Kiyosaki – trying to suss him out at the moment…unsure.
 
Basically my criteria is people with a track record of being right more often 
than not, and who understand the big picture. 

 
Bear in mind I could have this totally wrong – but the consequences for that are 
actually pretty good – no collapse, no high unemployment, no food shortages, 
wars, etc. So scenario one I hopefully prepare for and hedge against disaster, 
scenario two there is no disaster and markets recover and everyone prospers. 
There’s certainly a chance of that with Asia doing so well,  and the chance that 
we’ll discover abundant clean energy just around the corner which will change 
everything. Just on the current trajectory it looks nasty to me so I’m hedging 
my bets and staying out of cash, bonds and equities, only in hard assets.
 
 
From:gathering-bounces at misera.net [mailto:gathering-bounces at misera.net] On 
Behalf Of sade1
Sent: Sunday, 13 February 2011 8:38 a.m.
To: A list about all things Killing Joke (the band!)
Subject: Re: [kj] OT -- 9%... 10%...
 
Where do you turn to for info.? what 
websites/books/paid-informants/covert-operatives,etc. do you turn to regularly?
 
 
 

________________________________

From:Brendan Quinn <bq at soundgardener.co.nz>
To: A list about all things Killing Joke (the band!) <gathering at misera.net>
Sent: Thu, February 10, 2011 10:04:29 PM
Subject: Re: [kj] OT -- 9%... 10%...
stocks are the only way nowadays to make any money.
 
Here’s a few facts: 
 
·         Money invested in the sharemarket from 2000, to now – made 0 %. 
Diversification / index tracking (Wall St mantras) didn’t help one iota. Gold 
made over 350% in that timeframe. USD lost half it’s value. 

 
·         Silver was up 82% last year. Commodities had a huge year. Almost 
everything did well, when valued in dollar terms…because the dollars are 
multiplying and have to go somewhere (if they languish in bank accounts 
collecting 1.5% interest, they are going backwards)
 
·         If you had $1M in 2008, and copped a 50% hit, like most of the free 
world, you were left with $500K. If you have made 100% since then, you’re up to 
$750K (valued in dollars of less value due to inflation). Losses hit much harder 
than gains. “Manage the losses and the gains will take care of themselves”. 

 
·         Something like 70-80% of money managers fail to make the market 
average. 

 
Bankers love currencies, equities, derivatives, (mis)managing money for people, 
and make nothing from gold and silver. What’s done better in the last 10 years? 
Representations of assets, or hard assets? One is managed by the bankers, the 
other actually exists in the real world. Correlation? 

 
Every dollar invested in gold and silver is a dollar the crooks can’t screw 
management fees and commission on, generally for doing nothing other than 
investing in index funds. Gold and silver can’t be printed from thin air, they 
require hard work, knowledge and risk to extract. For all these reasons, bankers 
hate gold and silver (which are uniquely both commodities and money)
 
Gold and silver have been used as money for far longer than paper. Long term, 
paper money and all fiat currency has always gone to 0%. Metals have retained 
their value for thousands of years. There is a finite supply of metals (and most 
commodities), there is no limit to how much currency can be printed. I you don’t 
believe me, feel free to bid on this ebay auction for 100 50 trillion dollar 
Zimbabwe notes:
 
 
Every time precious metals have dipped in the last 10 years of secular bull 
market, the Wall St talking heads have proclaimed BUBBLE. The price of PMs has 
been manipulated down for decades – the genie is starting to come out of the 
bottle, hence he last 10 years results.  
 
 
From:gathering-bounces at misera.net [mailto:gathering-bounces at misera.net] On 
Behalf Of sade1
Sent: Friday, 11 February 2011 5:37 p.m.
To: A list about all things Killing Joke (the band!)
Subject: Re: [kj] OT -- 9%... 10%...
 

> .. the retail investor has fled (finally learned some sense). 

 
What kind of trouble lurks for the retail investor? I'm running a small fund 
(online) for a couple of elderly relatives and I've gotten 87% return in 10 
months without anything weird happening or any other "things that go bump in the 
night". Should I expect a knock at my door (or a second cursor on my computer 
screen)? It seems around here, stocks are the only way nowadays to make any 
money.
 
 

________________________________

From:Brendan Quinn <bq at soundgardener.co.nz>
To: A list about all things Killing Joke (the band!) <gathering at misera.net>
Sent: Thu, February 10, 2011 7:44:58 PM
Subject: Re: [kj] OT -- 9%... 10%...
And that's with Corporate America sitting on a liquid $2Trillion in cash
 
Re US economy:
 
Cash - massive Ponzi scheme, every year it’s worth less and less. >From 2000 to 
2008 USD lost 50% of its buying power.
 
Bonds – what’s worse, holding US dollars now, or pieces of paper that promise US 
Dollars in 30 years time? No thanks. (USD depreciated 41% vs AUD last year) 

 
Shares – totally manipulated, most trades are now done by computers, the retail 
investor has fled (finally learned some sense). A few banks last year had 60 
straight days up in trading – statistically close to impossible amid the 
volatility at the moment. The markets are rigged.
 
            Google – “dark pools”  “high frequency trading” “SEC fines JPM” “SEC 
fines Goldman”
 
Hard physical assets are where to park your money. Almost anything to do with 
the financial representation of actual assets is tainted.
 
American banks aren’t using mark to market for bank ‘assets’ – if they were half 
of them would be under water. $2T in cash is irrelevant when the other side of 
the balance sheet is make believe (and the consumer, esp middle class, is 
stuffed)
 
An economy that can’t add jobs after 2 years of 0% interest is pretty much 
fucked.
 
US is waging massive currency war and complaining that others are. China is 
actually raising interest rates, raising the value of the Yuan, and encouraging 
people (via television ads) to buy physical gold and silver. What’s Obama and co 
doing…? Printing money, debasing the currency.
 
Chinese saving rate > 30%. US saving rate 1%
 
“BELIEVE IN CHANGE”
 
Good luck with that.
 
/rant
 
From:gathering-bounces at misera.net [mailto:gathering-bounces at misera.net] On 
Behalf Of sade1
Sent: Friday, 11 February 2011 4:21 p.m.
To: Gathering
Subject: [kj] OT -- 9%... 10%...
 
So here it is again from the horses' mouths.  At the highest level they are 
saying now that unemployment won't come down to a near(-but-still-high)-normal 
5% for another 10 years, with 6 years being the Optimists' view. And that's with 
Corporate America sitting on a liquid $2Trillion in cash = 50 million people 
working for a year. They'd rather buy back their own stock (to keep the gains 
and dividends in-house) than to put a commoner to work.
9% Unemployment Just 
Finehttp://us.mg4.mail.yahoo.com/dc/launch?.gx=1&.rand=5fgqj6vg891ik
And, 
http://news.yahoo.com/s/yblog_exclusive/20110209/pl_yblog_exclusive/why-is-the-jobless-rate-staying-so-high-and-what-can-be-done-about-it

 
10% of the land is The Hand 
that pulls the strings... 
to have, to own, to hold: 
   money, property, assets - before lives
 
Green gestures..an endless debate
Why? Just to justify, 
             jus-ti-justify..this 'Utopia':
                                                 "Money is our business
                                                   Cash is our business 
                                                    These derivatives is our 
business
                                                     Lies! are our business
                                                      Business is our 
Business!!"
 
 
 

________________________________

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