Direct from a Confidential report: REGARDING GOLD! And other INFO

BANKER my ASS! TROLL and nothing more.





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All those who read our Open Letter to the G20 leaders, published in the Financial Times on March 24th, 2009 (and widely circulated on the Internet), already have an idea of our analysis of this London Summit32. But we must admit that the results are even worse than we imagined. The Western G20
participants (Americans, Europeans and Japanese) were remarkable in two respects: in making sure that no particular could be agreed on; and in ensuring that none of the announced measures could seriously start being implemented in the short or medium term. Of course they could not be everywhere: on the
one hand, convincing themselves that the end of the crisis is coming soon and, on the other hand, trying to avoid a decade-long tragic worldwide crisis unwinding. LEAP/E2020 believes that, during the current global crisis33, the United States are sinking deeper everyday into a depression with no equivalent in the country’s history and which is now arriving at a political and social breaking point.


I have been in the banking industry for 25 years you idiot.. I now own a very large Hedge Fund that has NOT gone bankrupt and gives 20%. I have studied the markets since 1979. I also am a producer of a few movies that have been financed by this fund. I have a few more on the go..There's my BIO..

The trend is clear. Government spending up 41% YOY while revenues are down 28% YOY. China, the largest purchases of treasuries in the past, has taken its purchases to nearly 0 and that will soon go negative if the trend line holds, which is a good bet. State governments already depending on Uncle Sugar to keep their operations going. The Fed having to purchase treasuries for the first time since 1960. Yes, the trend is very clear.

Some people are handy with graphics, but are seemingly incapable of rational argument. I suggest you treat their posts with the degree of seriousness they deserve. The shittoheads will be denying reality till it hits them right between the eyes.

Thank you anon above..
Sometimes I wonder why I "Troll" on this site..

In New-York, in September 2009, the G20 leaders, as well as all the leaders taking part in the United Nations’ Annual General Assembly, will only be able to acknowledge the severity of the crisis overwhelming the United States38. Faced with social poverty (it is no god news when one US citizen in two declares himself two month’s salary away from bankruptcy)39, increasing urban violence40 and homicides41, worsening economic recession (already visible in the streets of Manhattan)42… No doubt they will focus on the failure of Obama’s stimulus plan, voluntarily taken hostage by Wall Street’s financiers43,
and point at government borrowings, out of control under the combined effects of growing spending and diminishing tax revenues, as described in this issue. Indeed, this process will directly affect them mainly via the international monetary crisis induced by US default and the Dollar crisis.

( Incidentally the numbers you see above are references to certain articles they used during research..)

Back in February 2006, LEAP/E2020 estimated that the global systemic crisis would unfold in 4 main structural phases: trigger, acceleration, impact and decanting phases. This process enabled us to properly anticipate events until now. However our team has now come to the conclusion that, due to the global leaders’ incapacity to fully realise the scope of the ongoing crisis (made obvious by their determination to cure the consequences rather than the causes of this crisis), the global systemic crisis will enter a fifth phase in the fourth quarter of 2009, a phase of global geopolitical dislocation.

According to LEAP/E2020, this new stage of the crisis will be shaped by two major processes happening in two parallel sequences:

A. Two major processes:
1. Disappearance of the financial base (Dollar & Debt) all over the world
2. Fragmentation of the interests of the global system’s big players and blocks

B. Two parallel sequences:
1. Quick disintegration of the current international system altogether
2. Strategic dislocation of big global players.

It is high time for the general population and socio-political players to get ready to face very hard times during which whole segments of our societies will be modified, temporarily disappear or even permanently vanish. For instance, the breakdown of the global monetary system we anticipated for summer 2009 will indeed entail the collapse of the US dollar (and all USD-denominated assets), but it will also induce, out of psychological contagion, a general loss of confidence in paper money altogether (these consequences give rise to a number of recommendations in this issue of the GEAB).

[link to www.leap2020.eu]

i'll second that!

Paper gold is getting crushed. Physical gold is still fine thank you.

PLEASE continue

the real elites of the world don't use a monetary system or so-called valuable metal like the peasants/scrubs

Your graciousness is much appreciated.

I'll gladly buy all the fine gold you want to sell, at this price!

3. Foreign Exchange Risks: Facing an unprecedented situation
Corporate treasurers and financial directors should prepare for a period of high volatility in terms of risk. The second half of 2009, with the failure of the international monetary system and the beginning of the post-Dollar era, will certainly be a period of unprecedented currency volatility in decades. Both suppliers and customers will experience unpredictable changes. Three parameters will therefore be volatile: the parity of the invoicing currency, as well as the currency of the importer and the currency of the customer.
All concerned companies should quickly make simulations involving atypical variations up to 1 Euro = 2 USD or 1 USD = 5 Yuan ... and draw conclusions regarding orders, suppliers and markets. The chronic
instability which will prevail in the absence of a new stable system (resulting from the G20’s incapacity to discuss the key problems) also requires not making decisions with a commitment beyond six months.

"Quantative Easing"...the equivalant of being able to buy back your old shitty checks for newer larger even more shittier checks-because no one else will accept them.

If you or I did that at the bank they would cite you for fraud- it's called "kiting"

zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz


zzzzzzzzzzzzzzzzzzzzzzzzzzzz

I can get into this at a later date (time)..in the meantime, I have to "Troll" out of here for a while

Stuff we already know...


EU / Rest of the world relations: An even larger majority of respondents expect a collapse of the US dollar in the next few months / An increased majority think the crisis will not be over by 2012 / A near-unanimity estimate that the decisions taken at the London G20 Summit will not significantly help solving the crisis / A very large majority consider that the measures announced at the G20 Summit will not be implemented / A very large majority estimate that China will try to dispose of its US dollar-denominated assets

[link to stopspendingourfuture.org]

OP is a self righteous wanker.

Why do Brits use that ignorant word "wanker"? You sound idiotic when you say it and worse when I read it. Its a meaningless word without discription..Sort of like a fag hanging out your ass..I mean mouth

I think gold is holding support here above $850. Do you agree? When will we see it rise again. What is your summertime then end of year target? Do you think the comex will default? When? Please give your insiders educated guess.

I have some shares of slw. Should I sell why I still can and buy physical. NIA, just want YHO! Thanks.

Apparently, the G20 Summit has failed to convince the Europeans, despite staggering media coverage. In fact, none of the respondents (0 percent is a blatantly clear result) estimate that the decisions taken at the G20 will significantly contribute to solving the crisis (while 93 percent believe they will not). This clearly means that the Europeans estimate that the summit failed to address the key questions. These figures are appalling, but the worst is yet to come: 83 percent of respondents think that measures announced at the G20 summit will simply never be implemented. “No comment”, as they say
in London!

Martial Law awaits us..

The U.S. Conference of Mayors' top staffer says much of the public has grown "numb" to a mounting body count. At least nine mass killings this year have claimed 57 lives, including the fatal shootings last week of 13 people at an immigration center in Binghamton, N.Y.

"As a country, we seem to be more interested in the origin of tainted pistachios, peanuts and ice cream than the people who are being killed in our cities," says Tom Cochran, executive director of the mayors' group. He has scheduled a "national conversation" on the shootings when the group meets in June in Providence.

One thing you learn rather quickly when working at the International Monetary Fund is that no one is ever very happy to see you. Typically, your “clients” come in only after private capital has abandoned them, after regional trading-bloc partners have been unable to throw a strong enough lifeline, after last-ditch attempts to borrow from powerful friends like China or the European Union have fallen through. You’re never at the top of anyone’s dance card.

The reason, of course, is that the IMF specializes in telling its clients what they don’t want to hear. I should know; I pressed painful changes on many foreign officials during my time there as chief economist in 2007 and 2008. And I felt the effects of IMF pressure, at least indirectly, when I worked with governments in Eastern Europe as they struggled after 1989, and with the private sector in Asia and Latin America during the crises of the late 1990s and early 2000s. Over that time, from every vantage point, I saw firsthand the steady flow of officials—from Ukraine, Russia, Thailand, Indonesia, South Korea, and elsewhere—trudging to the fund when circumstances were dire and all else had failed.

Every crisis is different, of course. Ukraine faced hyperinflation in 1994; Russia desperately needed help when its short-term-debt rollover scheme exploded in the summer of 1998; the Indonesian rupiah plunged in 1997, nearly leveling the corporate economy; that same year, South Korea’s 30-year economic miracle ground to a halt when foreign banks suddenly refused to extend new credit.

But I must tell you, to IMF officials, all of these crises looked depressingly similar. Each country, of course, needed a loan, but more than that, each needed to make big changes so that the loan could really work. Almost always, countries in crisis need to learn to live within their means after a period of excess—exports must be increased, and imports cut—and the goal is to do this without the most horrible of recessions. Naturally, the fund’s economists spend time figuring out the policies—budget, money supply, and the like—that make sense in this context. Yet the economic solution is seldom very hard to work out.

The baseline growth rates used in the administration’s current budget are increasingly seen as unrealistic, and the rosy “stress scenario” that the U.S. Treasury is currently using to evaluate banks’ balance sheets becomes a source of great embarrassment.

Under this kind of pressure, and faced with the prospect of a national and global collapse, minds may become more concentrated.

The conventional wisdom among the elite is still that the current slump “cannot be as bad as the Great Depression.” This view is wrong. What we face now could, in fact, be worse than the Great Depression—because the world is now so much more interconnected and because the banking sector is now so big. We face a synchronized downturn in almost all countries, a weakening of confidence among individuals and firms, and major problems for government finances. If our leadership wakes up to the potential consequences, we may yet see dramatic action on the banking system and a breaking of the old elite. Let us hope it is not then too late.

I, for one am very grateful for you sharing this information. I have thought about subscribing to their report, and you have proven that their information is very valuable. As far as the naysayers with their astute remarks, I would disregard them, because they will be back in school on Monday.