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User Info	The Truth In Eight Minutes in forum [Market-Ticker]
Kylafoon Posts: 2458 Incept: 2009-02-05 Zombie Portal Lookout	He was speaking to tree trunks. Rally On! ---------- "...But whenever we see things done wildly, but taken tamely, then the State is growing insane..." - Gilbert Keith Chesterton 1910 "I found a flaw in the model that I perceived is the critical functioning structure that defines how the world works." - Alan Greenspan, October 2008 2012-01-06 15:34:07 Permalink
Truthseeker Posts: 8474 Incept: 2007-10-07 NorCal	And the chairman's response? "You talked too long". Complicit ******. ---------- "...But people better realize that the worst-case scenario could actually happen.9/11 happened. This can happen. An economic 9/11, the likes of which we've never seen." Gerald Celente 2012-01-06 15:41:21 Permalink*
Preidt2 Posts: 552 Incept: 2009-07-31 spokane/wash	THis government has become a total piece of S__T;-uck -you MR President ---------- Puppets Under Destruction 2012-01-06 15:45:50 Permalink
Peterm99 Posts: 4984 Incept: 2009-03-21 SoCal	Isn't this pretty old testimony? The chairman looked like Kanjorski, and he's been gone for a while. ---------- ". . . the Constitution has died, the economy welters in irreversible decline, we have perpetual war, all power lies in the hands of the executive, the police are supreme, and a surveillance beyond Orwells imaginings falls into place." - Fred Reed 2012-01-06 15:47:51 Permalink
Videopro Posts: 1895 Incept: 2007-08-03 L.A. Area	I'm becoming increasing convinced that Bill and others like him are wasting their breath on this fraud of a government. We're likely well past the point where he or anyone else can make a wit of difference in the trajectory of things. We are all witness in real-time to a unique transformation of our government and society to everything the writers of the Constitution attempted to prevent. ---------- "The Spinning Cyclone Of Deflation Is Fueled By Deficit Spending. An efficient asset destroying storm powered by the printing press". - Me When the Nazi's broke every law when coming to power, people in later years were asked, how were they allowed to do it? The answer was easy: They Simply Did It. 2012-01-06 15:52:58 Permalink
Goforbroke Posts: 5340 Incept: 2007-11-30 Just call me 'Comrade'	From April 20, 2010 http://fdlaction.firedoglake.com/2010/04.... ---------- We have met the enemy and it is us. -- Pogo 2012-01-06 15:54:15 Permalink
Ghopper Posts: 2314 Incept: 2011-06-11 Staten Island, NY	And they continue to ignore him. 2012-01-06 16:07:38 Permalink
Trades50 Posts: 4215 Incept: 2007-10-30 Land of Tax and Spend	And the fraud continues. ---------- When the people fear the government, there is tyranny. When the government fears the people, there is liberty. - Thomas Jefferson 2012-01-06 16:07:50 Permalink
Jonesapple10 Posts: 379 Incept: 2010-11-09	Absolutely zero reaction from this committee "chairman" Talk about going through the motions. A great speech - one that will be ignored as usual. There is no justice in those halls, just a bunch of prostitutes clamming for money and votes. 2012-01-06 16:14:43 Permalink
Medicdan Posts: 8017 Incept: 2010-02-11 Scottsdale, AZ	Truth in 8 minutes falling on (paid for by lobbyist) deaf ears. ---------- Arizona & desert gardening http://azediblegarden.com/ 2012-01-06 16:17:10 Permalink
Thorack Posts: 9 Incept: 2011-04-19 Aberdeen Proving Grounds	Unfortunately its old news. The bigger unfortunately is that nothing has changed since since Prof Black gave that testimony. We are so hosed. 2012-01-06 16:17:30 Permalink
Checkthisout Posts: 167 Incept: 2010-10-01 Cary, NC	So simply stated yet so universally ignored. Truth, we don't need no stinking truth! ---------- There are no gun free zones where free men tread. 2012-01-06 16:22:12 Permalink
Lowbeyond Posts: 16892 Incept: 2008-02-11 CO aka West NJ/East CA	Falling on deaf ears ? Yes surely. But the ears are deaf because the way things are right now is how Congress and the President want them. It is by design. ---------- Maybe it was a birdy bread-bomber from the future?! 2012-01-06 16:48:46 Permalink
Duc888 Posts: 7368 Incept: 2008-11-06 CT, the UNconstitution State	Yup, the "money" war is already lost. Obama totally sidestepped it. He acknowledges the fact that we're gonna get hit...and hit hard. He didn't dodge a bullet. He knows we're collectively "going down". Hence, signing NDAA. Maybe I'll get the ban hammer for saying this but..... Brace for impact. IMHO if you're stuck in the old paradigm that the system can be saved....you'll expend precious energy in that direction. IMHO that's futile at this point. There is not enough time...and not any clear viable way to get those very few people WHO NEED TO BE HEARD.....to the forefront. MSM is bought and paid for. The time to make changes is growing shorter every day.... I wish it weren't so....but every day that passes is a day closer to a serious readjustment. We're all going on an extended camping trip. Obama is 3 chess moves ahead of us because he works for those few people who are steering the ship. He knows we're headed for the shoals. ---------- ...burp 2012-01-06 16:55:43 Permalink
Checkthisout Posts: 167 Incept: 2010-10-01 Cary, NC	Everyone's securities funds are at risk. Just read this on Naked Cap, implications are STAGGERING. Excerpt from Interactive Brokers' Financial Strength page (emphasis mine): Quote: The Importance of Choosing a Safe Broker In light of the recent bankruptcy of MF Global, customers should understand how it is possible to lose money in the event of their brokers bankruptcy. Despite all of the protections described above, there are still two ways a customer can lose money without losing it to the market: 1. If, in violation of the reserve and segregation rules, the broker does not keep some customer monies segregated, either by not putting newly deposited monies in the segregated account or if money is transferred out of segregated accounts for some other purpose, then there can be a shortfall. This ~~may have~~ happened at MF Global. 2. (OUR OTHER) Customers can lose more money in the market than they hold with the broker. When this happens the broker is obligated to make up the deficit from its own funds. If the broker fails to do so, (i.e., has not sufficient capital of its own to make up for the losses) and SIPC (and, if offered, excess-SIPC) coverage is insufficient or unavailable, then the other customers bear the cost of that shortfall. This, too, ~~may have~~ happened at MF Global. This is the reason why it is vitally important to choose a broker that has a massive amount of capital and very good, automated credit controls. So basically if there are big enough customers who are highly levered at my brokerage house and they lose big enough, I'm hosed. So we're all essentially hosed if the SHTF. Link to original IB's page(last paragraphs on bottom of page): http://www.interactivebrokers.com/en/p.p.... ---------- There are no gun free zones where free men tread. Last modified: 2012-01-06 17:26:15 by checkthisout Reason: added relevent content 2012-01-06 17:22:14 Permalink
Lowbeyond Posts: 16892 Incept: 2008-02-11 CO aka West NJ/East CA	kinda reinforces karl's warning that if things go boom boom fast... you wont get paid - doesn't it ---------- Maybe it was a birdy bread-bomber from the future?! Last modified: 2012-01-06 17:32:36 by lowbeyond 2012-01-06 17:32:17 Permalink
Judgesmales Posts: 3334 Incept: 2008-02-05 Las Vegas	The only bad part of that video was having to look at the crook Kanjorski, who rammed mark-to-fantasy down FASB's throat at gunpoint. Since Kanjorski is no longer an elected official, I have no problem stating here that I hope he DIAF. ---------- Don't forget: Panic is also an animal spirit, and it spreads much faster than optimism. Be careful what you wish for, Bernanke. 2012-01-06 18:07:55 Permalink
Hoghead32 Posts: 33 Incept: 2009-11-17 Ellicott City, Md.	Watching the Chairman here brings to mind the marvelous quote from Fred Reed that was often recalled by the late Ron Smith, "Congress is nothing more than 535 temple monkeys pawing through the ashes of America searching for bribes." ------------- I'm so old I remember when politicians spent millions. 2012-01-06 18:36:17 Permalink
Grashopa Posts: 2615 Incept: 2009-02-03	People got paid for being short during the great depression. Obviously things are much worse now so who knows. ---------- Theft is evil 2012-01-06 18:49:57 Permalink
Goforbroke Posts: 5340 Incept: 2007-11-30 Just call me 'Comrade'	The fact that this testimony is nearly two years old, the fact that it was so summarily dismissed by the FSC, and the fact that absolutely no action has been taken on it whatsoever, send a rather clear message. But only to those who are listening. ---------- We have met the enemy and it is us. -- Pogo 2012-01-06 18:52:24 Permalink
Peteb Posts: 128 Incept: 2010-11-16	Some are inspired by the bureaucratic confidence of this man... NEITHER HE, NOR THE CENTRAL BANKS, SHOULD HAVE THE POWER HE TALKS ABOUT. The thought that a Central bank could remove me, or anyone else, as head of my financial institution "by a luncheon" smacks of disregard for private property rights, and lack of due process. It is the way of the mafia. I am distrubed by how this man relishes the idea. That he smilingly talks about enforcing regulation to prevent market dislocations means the power of market intervention is given to government. It should be regulated by contract, not a rule making bureaucrat. It should be ruled by the enforcement by government of laws against fraud. Only then can the corruption be corraled. As far as I am concerned, Mr. Black is just one more form of arbitrary control taken from the citizen at the point of a government gun, and supposedly for your benefit. He gives only the appearance of justice. 2012-01-06 19:00:29 Permalink
Sandor Posts: 1944 Incept: 2007-08-08 Deltaville,Virginia	Duc888, that is exactly how I feel. 2012-01-06 19:04:51 Permalink
Duc888 Posts: 7368 Incept: 2008-11-06 CT, the UNconstitution State	Goforbroke. You said it in fewer words that I managed to say it. Thank you. ---------- ...burp 2012-01-06 19:07:19 Permalink
Medicdan Posts: 8017 Incept: 2010-02-11 Scottsdale, AZ	Quote: kinda reinforces karl's warning that if things go boom boom fast... you wont get paid - doesn't it YES! You take money weekly right now. If you lose whats in your account, so be it. You won't be happy, but you won't be broker either. ---------- Arizona & desert gardening http://azediblegarden.com/ 2012-01-06 19:08:30 Permalink

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