I think this is important, change of derivatives contracts:
http://www.bloomberg.com/news/2014-07-29/ending-too-big-to-fail-could-rest-on-obscure-contract-language.html
The purpose of the change appears in the article:
"The new terms for the ISDA contracts would bar a firm from ending swap trades with a bank being put into liquidation for 24 or 48 hours, depending on which country’s laws apply. That would give regulators time to move the contracts to a new company, limiting contagion to the larger financial system. "
... a new company, that is a company that is allowed to go bust, meaning that the holders of those contracts does not get a piece of the cake.
Topic: Gold collapsing. Bitcoin UP. - page 1060. (Read 2032266 times)
That certainly seems to be the case so far in 2014. Oh well.
The exact same time last year I thought the same thing and I sold some in August, I was ever so slightly wrong. Lucky when I shuttered things off, I kept a balance.Really cant tell, we have the FED taper going on and the conclusion to that should come sometime this year. If they do fail to taper or in some small way alter their policy from expectations now then all sorts of things can happen with secondary drastic horizon altering events, it really is a snake in the grass a whole colony of them really
Think of it as ironic, the less fear the more apprehension is justified and any stability BTC can add could be valuable to some especially outside USA yet principally using dollars
Just FTR, I'm 'hodling like a boss.' I'll probably do so for at least another year before I sell at this price (assuming no bothersome changes crop up...when I'm paying attention which I've not been recently.) Happily (and by design) I'm in a situation where my sales are driven largely by cash flow needs and I can easily do without for years long periods.
I just felt an itch to try to annoy cypherdoc is all. Been busy with completely unrelated things. Alas, they involve attorneys so I may need cash-flow more quickly than I had hoped.
A day or two old, but shows that many CB's are stockpiling gold reserves.
http://investmentwatchblog.com/russia-buys-18-6-tonnes-of-gold-in-june-currency-wars-intensify/
BRIC bank, gold reserves, direct swap lines: small steps toward a decoupling from the USD.
http://investmentwatchblog.com/russia-buys-18-6-tonnes-of-gold-in-june-currency-wars-intensify/
BRIC bank, gold reserves, direct swap lines: small steps toward a decoupling from the USD.
That certainly seems to be the case so far in 2014. Oh well.
The exact same time last year I thought the same thing and I sold some in August, I was ever so slightly wrong. Lucky when I shuttered things off, I kept a balance.Really cant tell, we have the FED taper going on and the conclusion to that should come sometime this year. If they do fail to taper or in some small way alter their policy from expectations now then all sorts of things can happen with secondary drastic horizon altering events, it really is a snake in the grass a whole colony of them really
Think of it as ironic, the less fear the more apprehension is justified and any stability BTC can add could be valuable to some especially outside USA yet principally using dollars
Quote
the fed could start by converting a very small portion of gold to bitcoin to test.
That would be radical, they have bought things worth far less. Its unlikely as it is they would increase their gold holdings which should have been done many years ago and certainly now. Its not on their politically biased radar to even consider such things, if bitcoin were related to solar power projects or hosuing initatives with some kind of political kudos then maybe but it does not key into the system at present.
You might hope some kind of wild card hedge fund might consider and as their funds relate to QE it would be part of Fed policy indirectly
continued fallout from 2008:
The real reason Fannie and Freddie don't do principal modifications
http://www.housingwire.com/blogs/1-rewired/post/30824-the-real-reason-fannie-and-freddie-dont-do-principal-modifications#.U9hNuU5K6I0.twitter
The real reason Fannie and Freddie don't do principal modifications
http://www.housingwire.com/blogs/1-rewired/post/30824-the-real-reason-fannie-and-freddie-dont-do-principal-modifications#.U9hNuU5K6I0.twitter
Bitcoin isn't going anywhere:
That certainly seems to be the case so far in 2014. Oh well.
plenty of time left.
Bitcoin isn't going anywhere:
That certainly seems to be the case so far in 2014. Oh well.
Bitcoin isn't going anywhere:
It is too early to predict that Bitcoin will succeed as a parallel currency, but it is also too early to predict that it will fail. In any case, governments can fail, too.
Networks and Hierarchies
http://www.the-american-interest.com/articles/2014/06/09/networks-and-hierarchies/
Networks and Hierarchies
http://www.the-american-interest.com/articles/2014/06/09/networks-and-hierarchies/
what i failed to do is distinguish btwn pre 2008 and post 2008. knowledge is gained thru experience; lots of honest traders and in fact the entire world, were flabbergasted by the extent of the moral hazard inflicted on our money supply to bail out the criminals in 2008. there's no way that could've been predicted, let alone know that it would work.
Libor effects everything; it is the cost of money. mind you, it wasn't the only thing being manipulated. but it was one of the key metrics whose manipulation prevented a total meltdown of the banks. a great example of the direct fleecing was the interest rate hedges sold to municipalities pre 2008. several of them went bankrupt as interest rates have continued to go down instead of up as they were advised to bet by their Wall St advisors. many had to cough up billions to cover interest rate swap losses. they are still trying to recover.
Libor effects everything; it is the cost of money. mind you, it wasn't the only thing being manipulated. but it was one of the key metrics whose manipulation prevented a total meltdown of the banks. a great example of the direct fleecing was the interest rate hedges sold to municipalities pre 2008. several of them went bankrupt as interest rates have continued to go down instead of up as they were advised to bet by their Wall St advisors. many had to cough up billions to cover interest rate swap losses. they are still trying to recover.
Glad you pointed this out. What many seemed to miss in 2008 was the ultimate perversion was not only the moral hazard that rewarded criminals, but also the fact that those who made conservative and/or "correct" choices were in fact punished. This was the ultimate fleecing that transferred money from true market participants to politically connected large banks.
Today when reading the FED's comments they seem confused at how the market ignores true economic fundamentals and instead only tracks FED policy. Yet this is exactly what the FED trained everyone to do.
interesting article by Edmund Moy:
http://www.moneynews.com/Ed-Moy/Fort-Knox-gold-bar-audit/2014/06/06/id/575519/
http://www.moneynews.com/Ed-Moy/Fort-Knox-gold-bar-audit/2014/06/06/id/575519/
Quote
Completed in 1936 on land transferred from the U.S. Army, it took more than 500 train cars to deliver the existing gold bullion, newly made bullion bars from the melted coins and some gold coins. They came mostly from Philadelphia and the New York Assay Office.
Bitcoin? Quicker? Cheaper? Less of a pain in the a$$?
Quote
The gold at Fort Knox is stored in one of the most secure facilities in the world. It is surrounded by an active U.S. Army fort, guarded by the U.S. Mint Police and protected by layers of security measures, including a blast proof 22-ton door, 16,000 cubic feet of granite, 4,200 cubic yards of concrete, 750 tons of reinforcing steel and 670 tons of structural steel. The gold has remained in deep storage and has been mostly undisturbed through the decades.
Bitcoin provides a method of security that is arguably just as secure and MUCH CHEAPER. Just use m of n keys generated offline, encrypted with AES-256, 3 copies made of each n key and stored in separate geographic locations. The fact that 3*m separate geographic locations AND AES-256 will have to be compromised eliminates the need for a U.S. Mint Police force and layers of security measures, including a blast proof 22-ton door, 16,000 cubic feet of granite, 4,200 cubic yards of concrete, 750 tons of reinforcing steel and 670 tons of structural steel.
Quote
To satisfy critics, a new audit would document each bar like the 1953 audit and assay 100 percent of the gold bars. That would require 400 people working full-time for six months to drill holes in each bar, test them for purity and document properly. The cost would range between $15 million and $60 million. The vaults would be sealed again until another public outcry.
Making pubic keys available and signing a message from each key to prove ownership would be much more transparent and MUCH CHEAPER.
This article is a bitcoin endorsement if I have ever seen one. However, to be fair, bitcoin is still technically in beta and untested for such a large operation, but the fed could start by converting a very small portion of gold to bitcoin to test.
stocks turning down. Transports following Russell.
further deprecation of ghash, 28%:
You can see that we've had it right all along:
http://mobile.bloomberg.com/news/2014-07-24/too-big-to-fail-study-to-show-bank-subsidy-brown-says.html
http://mobile.bloomberg.com/news/2014-07-24/too-big-to-fail-study-to-show-bank-subsidy-brown-says.html
How much knowledge and exposure will it take for people to see? Or will the result be that people will say "oh, that's why we have it so good now, its because they are in control"?
It is possible to phase out central banking without too many practical difficulties. Its an asset/debt sale, and ceasing open market operations.
The downside is that most of the private banks are now bigger than what central banks once were. The increased regs seemed designed to insure that the too-big-to-fail ones became bigger, which is what has happened.
can it stay over?
You can see that we've had it right all along:
http://mobile.bloomberg.com/news/2014-07-24/too-big-to-fail-study-to-show-bank-subsidy-brown-says.html
http://mobile.bloomberg.com/news/2014-07-24/too-big-to-fail-study-to-show-bank-subsidy-brown-says.html
$370M to settle Libor probes
http://www.usatoday.com/story/money/business/2014/07/28/lloyds-libor-settlement/13262057/
F*cking criminals. I'll tell you who else lost as a result of this criminality; me. Me on shorts that should have won were or not for the manipulation.
http://www.usatoday.com/story/money/business/2014/07/28/lloyds-libor-settlement/13262057/
F*cking criminals. I'll tell you who else lost as a result of this criminality; me. Me on shorts that should have won were or not for the manipulation.
How did you money from LIBOR manipulation? Are you a bank?
no, indirect losses via stocks and bond shorts. you have to realize that in a manipulated market like this dependent on Fed liquidity, ALL assets begin to correlate as 1. everything gets pumped up into bubble territory. as one who USED to believe in free markets (naively) i, and many others, ...
Yes, naively. The 'free market' is an oxymoron. The market exists since human beings are not free anymore. Free homines sapientes were self-sufficient and not dependent on a market, on which they were forced to produce surplus, which is used to tribute the mafia (church and state).
http://cdn.preterhuman.net/texts/wars_and_weapons/us_weapon_export_guide/Machttheorie-Martin-Symp.pdf
Bitcoin is likely the only free mkt left in the world. which is what i like.
Yes:
https://bitcointalksearch.org/topic/fonestar-on-the-zeroknowledge-blog-is-a-true-hero-470593
$370M to settle Libor probes
http://www.usatoday.com/story/money/business/2014/07/28/lloyds-libor-settlement/13262057/
F*cking criminals. I'll tell you who else lost as a result of this criminality; me. Me on shorts that should have won were or not for the manipulation.
http://www.usatoday.com/story/money/business/2014/07/28/lloyds-libor-settlement/13262057/
F*cking criminals. I'll tell you who else lost as a result of this criminality; me. Me on shorts that should have won were or not for the manipulation.
How did you money from LIBOR manipulation? Are you a bank?
no, indirect losses via stocks and bond shorts. you have to realize that in a manipulated market like this dependent on Fed liquidity, ALL assets begin to correlate as 1. everything gets pumped up into bubble territory. as one who USED to believe in free markets (naively) i, and many others, ...
Yes, naively. The 'free market' is an oxymoron. The market exists since human beings are not free anymore. Free homines sapientes were self-sufficient and not dependent on a market, on which they were forced to produce surplus, which is used to tribute the mafia (church and state).
http://cdn.preterhuman.net/texts/wars_and_weapons/us_weapon_export_guide/Machttheorie-Martin-Symp.pdf
Bitcoin is likely the only free mkt left in the world. which is what i like.
$370M to settle Libor probes
http://www.usatoday.com/story/money/business/2014/07/28/lloyds-libor-settlement/13262057/
F*cking criminals. I'll tell you who else lost as a result of this criminality; me. Me on shorts that should have won were or not for the manipulation.
http://www.usatoday.com/story/money/business/2014/07/28/lloyds-libor-settlement/13262057/
F*cking criminals. I'll tell you who else lost as a result of this criminality; me. Me on shorts that should have won were or not for the manipulation.
How did you money from LIBOR manipulation? Are you a bank?
no, indirect losses via stocks and bond shorts. you have to realize that in a manipulated market like this dependent on Fed liquidity, ALL assets begin to correlate as 1. everything gets pumped up into bubble territory. as one who USED to believe in free markets (naively) i, and many others, ...
Yes, naively. The 'free market' is an oxymoron. The market exists since human beings are not free anymore. Free homines sapientes were self-sufficient and not dependent on a market, on which they were forced to produce surplus, which is used to tribute the mafia (church and state).
"Private property as de iure institution needs a foregoing state to come into existence. The state needs foregoing power and foregoing power needs armed force. The ultimate “foundation of the economy” thus is the weapon, where possession and property are identical because the possession of it guarantees property of it. Armed force start
s additional production (surplus, tribute). The first taxes are contributions of material for the production of attack weapons (copper, tin). Thus non-circulating money begins. Taxes as “census” and money are the same."
http://cdn.preterhuman.net/texts/wars_and_weapons/us_weapon_export_guide/Machttheorie-Martin-Symp.pdf
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