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  1. O

    Trading tax of .25% on all transactions! Have you seen this?

    Another ET-genius: Here, use my spoon: "98. Estimates of the revenues from a currency transaction tax range from $15 to $35 billion. However attractive the tax might be in terms of revenue potential, its implementation is constrained by a number of obstacles. Particularly, the tax base will...
  2. O

    Trading tax of .25% on all transactions! Have you seen this?

    Wow! You guys are clueless. This will be come into being, much much sooner than any of you savants think. For the good of the world of course. http://www.un.org/ga/president/63/interactive/financialcrisis/PreliminaryReport210509.pdf Start your reading bottom of page 110, Innovative...
  3. O

    Want to buy gas for a 25 cents per gallon?

    "Regardless of what anyone states, like it or not, the law is clear—you can use Silver Eagles to pay for goods and services within the U.S., and therefore silver is indeed money. I do not, however, advise this at all, because you would need to pay in “legal” terms, meaning “One Dollar”...
  4. O

    Gold, How much is there?

    Excerpt from: http://www.commodityonline.com/news/Gold-reserves-China-needs-to-acquire-more-gold-18195-3-1.html dated 5/29/09 "The advanced economies in Europe and North America (here termed .advanced economies excluding Asian 54), hold most of the world.s official reserves of gold...
  5. O

    Canadians angered over "Buy American" rule

    Even though the Royal Canadian Mint can't keep track of their assets, 1 Silver Maple Leaf and the Molson-Ex in my fridge is yours! http://www.canada.com/Business/Mint+refuses+rule+theft+gold/1667854/story.html
  6. O

    Why the different prices for gold and silver?

    http://www.usmint.gov/mint_programs/american_eagles/index.cfm?action=american_eagle_bullion Highlights added as direct response to your ET-standardized, ill-founded information.
  7. O

    Why the different prices for gold and silver?

    American Eagles are official US bullion coinage. Weight and content of each coin is guaranteed by the US Mint. Furthermore, the US Mint sells bullion to authorized dealers only, and each coin is sold to the dealer with a premium. Premiums are determined by the Treasury Department and changes to...
  8. O

    I guesss it's over

    Historic precedence for the (never tried before, ha) handling of the US economy. Excerpt from Wikipedia Wikipedia Topic ??? "The 1920s [country] inflation started when [country] had no goods with which to trade. The government printed money to deal with the crisis; this allowed [country] to...
  9. O

    Geithner to hold briefing 8:45 a.m. EDT on Monday on toxic assets plan

    Treasury is sure to get a less than mediocre deal, in effort to get banks the best (unadjusted) prices for assets with thin (or none) markets. But hey, if the deal loses, losses are diverted to the public! If profitable, profits will likely have some sort of preferential tax treatment. What the...
  10. O

    Deflation Gripping U.K. - Threatening Wages, State Benefits & Annuities

    A reminder: BoE began monetizing gilts (a.k.a. UK government bonds) 2 weeks ago. http://www.bankofengland.co.uk/publications/news/2009/019.htm. Whats more, the UK's Corporate Bond Secondary Market scheme is directly tethered to the gilt monetization...
  11. O

    Suburbia RIP

    Daddy always said "Don't worry about what the Jones's do. WE ARE THE JONESES!" Starbucks Tazo Tea is Kool-Aid with odd flavors. Once unthinkable, now unstoppable obama-lama
  12. O

    Nevermind gold, lets talk Palladium...

    Depends if you are talking for investment or for survivalist purpose. For investment, the future is comparable to other precious metals. For survivalist purpose, not so much. Of importance for both scenarios, physical possession is assumed: ACTIVELY traded (liquid) instruments are few...
  13. O

    "The game is over”: collateralized loan obligations not wanted; record defaults loom

    When the "hijacking" of individual retirement accounts comes into law, (within 18 months or so), there will be a wider choice of mandatory instruments! I said hijacking, not confiscation: Only some percentage of retirement account assets will be required to be allocated to the mandatory...
  14. O

    Commissions and Fees for stocks, futures, stock options, options on futures

    Commissions do not improve your "chance" of winning or losing. It is possible to model a trading style for instance scalping, to take advantage of lower trade costs. But lower costs alone do not make a trader more likely or unlikely to be profitable. A closed trade still requires trade...
  15. O

    Obama's search for an enemy. Who is next?

    Rush, Hannity, Fox, and and and are the enemy. http://www.cnsnews.com/public/content/article.aspx?RsrcID=44588
  16. O

    FDIC seeks 500 Billion loan from Treas.

    Make no mistake. This is a bailout of FDIC. FDIC is virtually broke. FDIC has something like 20B (remaining) to "guarantee" something like 5T in deposits. When the FDIC raised insurance limits to 250K, the fee to banks charged by FDIC was hiked. The banks (and recall all the approved...
  17. O

    Fear of equity wipeout by the government.

    LOL! Professor Marvel never guesses. He knows! :p BTW: If Cramer can "rationalize" Dow 5000, Dow 5000 is pretty rosy :eek: ;) Once unthinkable, now unstoppable. obama-lama
  18. O

    California U6 at 18.4%?

    Official State of CA release: 10.1% http://www.edd.ca.gov/About_EDD/pdf/urate200902.pdf Do whatever number crunching you want you in-denial moron.
  19. O

    California U6 at 18.4%?

    Is the California True Unemployment Rate at 18.47 Percent? The 10.1% Headline Number is the Highest Rate in Over a Quarter Century. 1.8 Million Workers Unemployed in one State. How Many are Partially Employed or Have Given up Looking for Work...
  20. O

    Where Are All This Week's Black Monday Threads?

    "people" are being torn-down and desensitized, as evidenced by the posts in this thread. Average Joe can tell you how many zeros in a trillion. Against that backdrop, stocks look inexpensive. Unfortunately average Joe doesn't understand the difference between inexpensive and cheap. And btw, the...
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