Global Macro Trading Journal

ralph00 · May 18, 2011

Quote from Martinghoul:

Nah, the "restructuring" or "reprofiling" (or whatever euphemism) talk isn't overhyped. There's def a lot of fear of another Lehman, but the fear of a wave of popular displeasure is also there.

Power to the people.

http://www.debtocracy.gr/indexen.html

It's time to take back what the politicians and bankers are stealing.

Kassz007 · May 18, 2011

Quote from Daal:

The most curious fact about the DSK scandal to me is the decision to jail him without bail even though they did not had any evidence(other than 1 witness)

This is scary, all it takes for someone to lose their freedom for quite some time is 1 angry woman willing to lie. Not saying this is the case here, he appears to be quite guilty but with the law like that I bet a ton of guys were/are going to be jailed unfairly

It is strange how he wasn't given bail. They consider him a flight risk. But really, he's the head of the IMF. Where the hell can this guy hide?

Daal · May 18, 2011

Quote from Kassz007:

It is strange how he wasn't given bail. They consider him a flight risk. But really, he's the head of the IMF. Where the hell can this guy hide?

Yeah but still. I think the bail was something like $1m, so if an angry woman decides to lie its either $1m or jail for weeks, scary stuff

Daal · May 18, 2011

Quote from Debaser82:

I'd be interested to hear your comments on the following piece about insider trading and the Rajaratnam case.

http://www.martinarmstrong.org/files/End of Times for Hedge Funds 05-15-2011.pdf

US legal system seems to be a total mess. It looks like the DOJ intervened in the Nasdaq bid for the NYSE, threatened to sue claiming it would hurt competition and consumers, funny thing is, they would probably win. A bunch of people who studied law proclaim they are experts in something that economists mostly agree doesn't exist(A monopoly without government help), I bet they never even studied economics

If we want to 'risk manage' we need to go beyond money and risk manage our freedoms as well. I'm having a class on 'introduction to law' in my college course but I plan to learn more as well, buying books and stuff. Try to find out how to protect myself, etc without having to pay expensive lawyers

I dont know how that impacts gold though

ralph00 · May 18, 2011

Quote from Kassz007:

It is strange how he wasn't given bail. They consider him a flight risk. But really, he's the head of the IMF. Where the hell can this guy hide?

Uh, France.

Kassz007 · May 18, 2011

Quote from Daal:

Yeah but still. I think the bail was something like $1m, so if an angry woman decides to lie its either $1m or jail for weeks, scary stuff

Agreed.

Kassz007 · May 18, 2011

Quote from ralph00:

Uh, France.

You don't think he'd be sent right back by French authorities?

CH1973 · May 18, 2011

Quote from Daal:

US legal system seems to be a total mess. It looks like the DOJ intervened in the Nasdaq bid for the NYSE, threatened to sue claiming it would hurt competition and consumers, funny thing is, they would probably win. A bunch of people who studied law proclaim they are experts in something that economists mostly agree doesn't exist(A monopoly without government help), I bet they never even studied economics

If we want to 'risk manage' we need to go beyond money and risk manage our freedoms as well. I'm having a class on 'introduction to law' in my college course but I plan to learn more as well, buying books and stuff. Try to find out how to protect myself, etc without having to pay expensive lawyers

I dont know how that impacts gold though

Why a total mess? It seems the guy was caught trading with inside information why would he not go to jail? Look Madoff, the guy was arrest in 1Month after the fraud was revealed. If his fraud happened in Brazil he would still be enjoying his money and considering his age he would be dead before spending some days in prision.

ralph00 · May 18, 2011

Quote from Kassz007:

You don't think he'd be sent right back by French authorities?

Like Ira Einhorn? Like Roman Polanski?

Ghost of Cutten · May 18, 2011

Quote from Daal:

The most curious fact about the DSK scandal to me is the decision to jail him without bail even though they did not had any evidence(other than 1 witness)

This is scary, all it takes for someone to lose their freedom for quite some time is 1 angry woman willing to lie. Not saying this is the case here, he appears to be quite guilty but with the law like that I bet a ton of guys were/are going to be jailed unfairly

You don't have enough information to know that. For example, she may have bruises or scratches, or other indicators of assault.

The alternative to not requiring bail is for large numbers of guilty people to skidaddle as soon as they are accused of a serious crime, there's no perfect solution.