Do you believe the world will end on Saturday?
- Thread starter bearice
- Start date
If you believe the bible, you cant believe that.
Mark 10:18 There are none good, but God.
15 minutes back I have burnt and destroyed a English dictionary by Fire. I hope everybody understands what this means.
On January 01, 2011, Bearice had posted "I got up early in the morning and started a big Fire". Now the whole world is on fire for past 5 months or the world is heated up to ignition point and it can catch Fire anytime.
Take a laxative , you will be painfree
Here's what the $1.2 Trillion money manager had to say in his April 2011 outlook:
I sit before you as a representative of a $1.2 Trillion money manager, historically bond oriented, that has been selling Treasuries because they have little value within the context of a $75 Trillion total debt burden. Unless entitlements are substantially reformed, I am confident that this country will default on its debt; not in conventional ways, but by picking the pocket of savers via a combination of less observable, yet historically verifiable policies - inflation, currency devaluation and low to negative real interest rates.
- Bill Gross, Head of PIMCO
http://seekingalpha.com/article/270...-to-short-u-s-bonds-unless-double-dip-happens
âMajor Crashâ Coming for Stocks. DOW 3300: Harry Dent
The good news, for those long, is Dent predicts the Dow will trade as high as 13,200 by mid-summer and the S&P 500 as high as 1430, or more-than 7% above current levels. The bad news is "then we could see another major crash," Dent says, forecasting the Dow could trade as low as 3300 in a worst-case scenario. "Bubbles go back to where they started or a little lower," he says. "The stock market bubble started at (Dow) 3800 in late 1994."
http://finance.yahoo.com/blogs/dail...-commodities-already-20110331-080715-415.html
Billionaires Dumping Stocks, Fleeing Market
http://w3.newsmax.com/a/aftershock4/?PROMO_CODE=C490-1
Treasury Secretary Timothy Geithner threw a bomb at Americaâs financial future last night, saying he is âcertainâ another financial catastrophe is on the way and that there is no way of reaching agreement on the debt ceiling without increasing taxes on the wealthy.
And he blamed a combination of timid politicians and credit card-debt-ridden Americans, rather than Wall Street and the big banks, for the financial woes that have beset the country over the past three years.
http://www.newsmax.com/Headline/Tim...l/2011/05/18/id/396840?s=al&promo_code=C49A-1
Sell Fort Knoxâs gold, some say. Asset sale urged to counter debt.
The United States may have run up a huge debt, but it is not poor. The federal government owns roughly 650 million acres of land, close to a third of the nationâs total land mass. Plus a million buildings. Plus electrical utilities such as the Tennessee Valley Authority. And the Interstate Highway System.
With the United States poised to slam into its debt limit today, conservative economists are eyeballing all that gold in Fort Knox.
Thereâs about 147 million ounces of gold parked in the legendary vault. Gold is selling at nearly $1,500 an ounce. Thatâs many billions of dollars in bullion.
The Heritage Foundation on Tuesday released a plan for balancing the budget that did not include tax increases, but did include a proposal to sell $260 billion in federal assets over 15 years.
http://www.journalgazette.net/article/20110516/NEWS03/305169957/1006/NEWS
Ron Paul: Sell The Gold In Fort Knox.
Selling Gold at Fort Knox Emerges as Next Big Question in Debate on Federal Debt Limit
NEW YORK â The next big question on the federal debt limit could be whether to start selling the governmentâs holdings of gold at Fort Knox â and at least one presidential contender, Ron Paul, has told The New York Sun he thinks it would be a good move.
The report did not mention the possibility of selling the governmentâs holdings of bullion, though the 261.5 million ounces of gold the Treasury Department lists in its reserve position would, at a recent price of $1,492 an ounce, would theoretically fetch $390.2 billion. The Wall Street Journal reported Monday that a group of Republican congressmen supports the idea of selling gold.
http://www.nysun.com/national/selling-gold-at-fort-knox-emerges-as-next-big/87350/
Credit tightening threatens China's 'giant Ponzi scheme'
http://www.telegraph.co.uk/finance/...ning-threatens-Chinas-giant-Ponzi-scheme.html
Bill Gross, Nouriel Roubini, Laurence Kotlikoff, Steve Keen, Michel Chossudovsky and the Wall Street Journal all say that the U.S. economy is a giant Ponzi scheme.
Virtually all independent economists and financial experts say that rampant fraud was largely responsible for the financial crisis.
http://www.globalresearch.ca/index.php?context=viewArticle&code=WAS20101214&articleId=22395
20th Century economic growth - Giant Ponzi scheme?
Two interesting perspectives on inflation and some of its effects
http://econpoint.com/showthread.php?445-20th-Century-economic-growth-Giant-Ponzi-scheme
United States is Giant âPonziâ Scheme â Pimcoâs Bill Gross
US authorities are operating a âbrazenâ Ponzi scheme in government debt by buying trillions of dollars of bonds to stimulate the economy, according to Bill Gross, managing director of Pimco, the worldâs biggest bond house.
Mr Gross said more QE is a huge gamble, but necessary because the US is âin a âliquidity trapâ
In a bid to restart the stalling recovery, the US Federal Reserve is next week expected to unveil a second round of quantitative easing (QE) of as much as $500bn, on top of the $1.2 trillion already completed.
In typically robust comments, Mr Gross said the Fed had run out of other options but warned that more QE would in the long-term mean âpicking the creditorâs pocket via inflation and negative real interest ratesâ.
â[Cheque] writing in the trillions is not a bondholderâs friend; it is in fact inflationary, and, if truth be told, somewhat of a Ponzi scheme,â he wrote on his investment outlook, arguing that creditors have always expected to be paid out of future growth.
http://www.midasletter.com/index.php/united-states-is-giant-ponzi-scheme/
Madoff: 'Whole government is a Ponzi scheme'
Wall Street swindler Bernard Madoff said in a magazine interview published Sunday that new regulatory reform enacted after the recent national financial crisis is laughable and that the federal government is a Ponzi scheme.
He said in the New York magazine interview the Securities and Exchange Commission "looks terrible in this thing," and he said the "whole government is a Ponzi scheme."
http://www.msnbc.msn.com/id/41825072/ns/business-us_business/t/madoff-whole-government-ponzi-scheme/
Best Economy discussions in History
http://www.elitetrader.com/vb/showthread.php?s=&threadid=220715
Doesn't burn
www.dictionary.com
Funny though, when I was a kid guys used to go door to door
selling encyclopedia sets that were actual books...
How times have changed.
A elitetrader member had posted that prostitutes earn $50,000 per night.
I simply cannot believe that prostitues make $50,000 per night. It's simply impossible. I just watched a documentary about the financial crises. It mentioned that many bank directors and CEO's used prostitutes, so they interviewed a prostitute who could tell, that she got $1000 each time. So yeah, sure, they can earn a lot. But $50.000.... that would require that they did it 50 times each night, and I highly doubt that to be honest.
Some 6 years back I was watching a TV program where a man was talking to 25 or 30 prostitutes and this man said "together we will rule this world".
My friend said to me "rich businessmen arrange sex parties in expensive hotels and sometimes the entire hotel is booked for sex parties. They enjoy and people think they are having business meetings.
Here is reply from economist:
You get all kinds of wild lies and myths in the Media. I have not checked recent studies, but I think even rich people like the Gov. of NY who got hung out to dry--Elliott Spitzder--paid only thousands for a full night of high security work.
Businesses have used the best call girls for customers, government officials, etc., for at least the last half century--and probably back in Caesar's day. I knew people in business families in LA back in the early 1960's [when I taught Deviance and Crime and,.,at UCLA] who had done that for a long time. And Hollywood for infamous for the Casting Couches from the 1920's onward.
One of the great chemists I knew who built a major UC chem. dept. told me decades ago that when he was a top official in DOD doing high-level cite visits for contract work he got off the plane in San Diego one day and was met by a beautiful blonde with a limousine who indicated by all the usual indirection that she was his for whatever he wanted on this visit. I did not ask the obvious questions....We just laughed, knowing it was SOP, just a bit more upscale in this case.
One of the weird things about all this Media Sex Chatter is how naive they always pretend to be when in fact the most experienced of them are part of the whole Celeb and Pol and Business Casual Sex Scenes. Forty years ago when all the wild JFK, Bobby K, Ted K. sex stuff started hitting the Media Chatter routines almost all the Media hacks pretended to have no idea and to be shocked out of their minds by it all, when in fact some of them were involved and most of the top people knew about it and covered their asses continually. I always thought that was hilarious---and you still hear that Chatter! You hear it today about Arnie and how totally ignorant his Kennedy wifey was of all of it. Oy Vey! Ben Bradlee, Catharine Graham's gen. ed. at the Washington Post, always pretended to be shocked by the JFK antics, in spite of the fact he lived cheek by jowl with him in Georgetown and every other way and his sister in law was a JFK mistress and got murdered while walking along the Potomac--and Ben rushed to her apt to find her diary and encountered a top CIA counter-intelligence man there doing the same thing, both rushing to cover JFK's dead ass. The layers of deceit are incredible.
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The documentary said they make 50 k per night? They are lying. I've been doing internet marketing for over 10 years, most of it in the luxury end of that market. Things in the US began to slide around 2005 - that's when I made my move away from the US market, which I am thankful for now. Top girls back then who were raking it in are barely getting by now. There are a few who are making good money like you say, but they are far more rare now.
I doubt those numbers. Many of the high end escorts (as well as porn stars who trick on the side) have the ability to charge enough to make those numbers, but the problem is the client base. Even if a girl bills out at 2k and has 25 established clients, she isn't going to service them every night. A traveler may have a better opportunity to make those numbers, but no one is going to pay at the upper end of the spectrum when they find out a girl is high volume.
All of that ignores the fact that high class escorts are a fraction of a percent of the prostitutes out there working. The vast majority of them fall under one of three categories:
1. A highly addicted street walker turning $20 tricks for as needed to supply her next fix 2. Asian girl working at a massage parlor paying her criminal bosses off for bringing her to the United States 3. A pimp's stable girl usually at the local no-tell advertised on one of the many internet sites that cater to such things.
None of those girls are making anywhere near $50,000 a night.