Mark McHugh

Posts Tagged ‘Conspiracy’

Giant Leaps

In Gold, NASA, Silver on Sunday, July 26, 2009 at 9:09 pm

A hundred years from now, someone may ask why America was allowed to run up astronomical deficits. I think a large part of the answer may lay in a small step…As putting a man on the moon became a reality; the US dollar became a nebulous concept, backed primarily by the implied threat of technical superiority. It’s been forty years…and I’m still not sure if we are falling or flying.


Caveat:

I once heard that, “Genius connects the seemingly unconnected“, but my wife insists I remind you that psychotics do this as well.

I’m not sure whether or not Neil Armstrong and Buzz Aldrin actually walked on the Moon July 20, 1969.  What I will say with absolute certainty is that either way, the world got swindled, unless you consider Tang® and Tempur-pedic® mattresses “payment in full”. What NASA represents to me is the beginning of a national tradition of white-collar welfare that continues to this very day (Wall St. – I’m looking in your direction…..).

more……. Read the rest of this entry »

If you’re thinking about buying Gold now – Think again (please)

In Gold, stocks finance on Thursday, May 21, 2009 at 11:03 pm

The answers to life’s problems aren’t at the bottom of a bottle, they’re on TV!”

~Homer Simpson

I guess it was morbid curiosity that made me put on CNBC  for the first time in a couple months (and that’s all I got to say about that).

All day, between Wonder Hange commercials, the forbidden word was uttered repeatedly.  Gold. If I were more ambitious, I’d create a montage of people saying the word gold on CNBC Today.  But it could never compare to MJK’s four minute plus montage of Homer Simpson saying, “D’oh”, so whats really the point?  Well, the point is the bobbleheads were so busy saying the forbidden word that I’m surprised no one collapsed from lack of oxygen. Gold gold gold GOLD gold………get the picture.

Gold was up about 17 bucks, while the dollar, stocks and bonds retreated. Of course normally, when gold’s up 17 bucks my favorite morons forget to mention it.  They treat gold like some sideshow curiosity that was once considered money….go figure…. But from time to time, they actually suggest that you should buy gold.  And if you’re paying attention, you know that is the time you should sell gold.

Of course when I say “gold”, I mean make-believe paper and pixel gold, not shiny yellow metal.  There’s really no connection between the two.  The “prices” that you trade on are figments of  imagination; no more real than the $35 “price” claimed by the Bretton Woods system.

The losses that you can suffer listening to the quacks on TV, however, are quite real……

more…………. Read the rest of this entry »

Goldman Sachs – Public Enemy #1

In Open Thread, stocks finance on Monday, April 13, 2009 at 11:33 pm

Author’s warning: What follows is a sprawling, bloody, semi-coherent mess (at best).  I wrote it when I learned that Goldman Sachs was trying to stifle someone’s right to freedom of expression and because I believe that our recent history is being morphed into an alternate reality, where many important details are being lost or erased.  I don’t trust McGraw-Hill (parent company of Standard and Poor’s) to write the history books.  So, I decided to sharpen the hatchet and take some whacks……

The megalomaniacs of Manhattan are at it again…….

First, it was Glass-Steagall, then leverage limits, then the uptick rule (I’ll pin that on them later)….now the first amendment is proving irritating to Goldman Sachs.  Yup, they’ve decided that an obscure blog called goldmansachs666.com needs to be silenced.  Blogger Mike Morgan is the author  and has been warned he may face legal action if he does not “cease and desist”…..

Here’s the story by James Quinn (which incidentally, was reported by a British publication, because US propagandists journalists have already accepted the repeal of the first amendment) :

According to Chadbourne & Parke’s letter, dated April 8, the bank is rattled because the site “violates several of Goldman Sachs’ intellectual property rights” and also “implies a relationship” with the bank itself.

I guess running a “pump and dump” like Goldman did with oil last summer could be considered intellectual property, but mostly it proves  once again that the “smartest guys on the street” are pretty fucking dumb.  You see, if there’s one thing bloggers hate more than being ignored (and trust me, I know about being ignored), it’s being censored by scumbags like Goldman.  And when you get away with the greatest heist in history,  it’s probably a bad idea to shine the spotlight on those with a mountain of evidence against you.    In fact, if I were Goldman Sachs, I wouldn’t want my name and “conviction” uttered in the same breath (but that’s just me).  What kind of things would Goldman want suppressed?  Maybe things like:

more…… Read the rest of this entry »

HOW THE FUCK DOES THIS HAPPEN, MARY?

In Open Thread on Wednesday, March 18, 2009 at 7:22 pm

You know the SEC is still a joke when you see shit like this:

shapirosux11 Day GLD chart from Quote.com.

If I were the SEC Chair, I’d already have the licenses and scrotums of the dirtbag’s responsible thumbtacked to my wall (by the way, if you don’t know what I’m talking about, maybe you too should become a government watchdog).  Unfortunately citizens, I’m just some blogger whose wife decides what gets hung up on the walls.  The SEC chair is named Mary L. Schapiro, who rose to the top post by virtue of over two decades “service” without  achievement (unless you count sitting on your hands and hiring Bernie Madoff’s son as achievements).  Remeber how she got grilled about how well she knew the Madoff family?  Me niether.

I  thought it was impossible to find a bigger bumblefuck than Christopher Cox, but our government has surprised me once again.  We found somebody who was literally surrounded by the biggest fraud in history, and never made a peep.  I love this graphic from muckety.com

more……

Read the rest of this entry »

Can You say ‘Fiduciary’?

In Open Thread, stocks finance, Uncategorized on Sunday, March 8, 2009 at 3:59 pm

immeltcapture

It seems that corporate America is in need of a vocabulary lesson:

From West’s Encyclopedia of American Law via Answers.com

Fiduciary (fidōō′shē-erē) n.

An individual in whom another has placed the utmost trust and confidence to manage and protect property or money. The relationship wherein one person has an obligation to act for another’s benefit……

…..A fiduciary relationship extends to every possible case in which one side places confidence in the other and such confidence is accepted; this causes dependence by the one individual and influence by the other……

I can’t link to an SEC or Finra or NYSE web page that clearly defines the CEO’s fiduciary obligations to shareholders (because I can’t find them, or they don’t exist), but I’m pretty sure that when you say your dividend is good to go, then cut it a month later you’ve breached the trust the shareholders have placed in you.

more……. Read the rest of this entry »

M. C. Escher – Economist

In Open Thread on Saturday, February 21, 2009 at 10:33 pm

NOTE: THE ESCHER DRAWINGS CAN BE FOUND AT THE BOTTOM OF THE PAGE……..

 The pending reappointment of Ben Bernanke as chairman of the Federal Reserve is the non-story of the Century, and I find this terrifying.  Propaganda of his alleged “success” has been crammed in every orifice of the American people by the rich and shameless (yet relatively few believe it).   This is truly the time for action, unless you really enjoy Tea-partying ’til you puke.  I’m asking every American to demand that their Senators stand up and oppose the nomination.  Our future depends on it. 

 Contact your Senator

So much for that “Of the people, by the people,  for the people” crap…

Explain this to me: 21% of adult Americans favor the re-appointment  of Federal Reserve Chairman Ben Bernanke, yet only four Senators have had the intestinal fortitude to step up and say they oppose him.  An alarming 39% of Americans aren’t sure.  This I cannot fathom;  it’s as pathetic as being “on the fence” about slavery or child-pornography.  Let’s review the mind-boggling difference between what Bernanke did and what he was supposed to do.

Here is the Federal Reserve’s Mission Statement, presented in its entirety:

  • conducting the nation’s monetary policy by influencing the monetary and credit conditions in the economy in pursuit of maximum employment, stable prices, and moderate long-term interest rates
  • supervising and regulating banking institutions to ensure the safety and soundness of the nation’s banking and financial system and to protect the credit rights of consumers
  • maintaining the stability of the financial system and containing systemic risk that may arise in financial markets
  • providing financial services to depository institutions, the U.S. government, and foreign official institutions, including playing a major role in operating the nation’s payments system.
  • These four simple sentences comprise Ben Bernanke’s job description.  There’s not anything in there about monitoring men’s underwear sales to divine economic conditions (which seriously, is what Greenspan did).  Worse yet, the Fed is trying to leverage its own criminally negligent failures into a coup to seize even more power and control.  But hey, if four sentences is too much for you, the so-called congressional mandate for the Fed can be boiled down to five words:

    Stable Prices and Maximum Employment

    The Federal Reserve failed to follow very simple instructions.  There is no other way to see it.  It wasn’t circumstances beyond their control, it was the very circumstances that they were supposed to control that caused the meltdown.  They sat on their hands while housing prices soared on easy money and created the biggest asset bubble the world has ever seen.   No money down, subprime, ARM, 125% loan-to-value, and interest-only mortgages were “all-good” with Ben and Al.  The fact that these were credit-driven, unstable, and unsustainable prices was lost on them.

     Bernanke ignored both reality and his job instructions for as long as possible.  The fallout from that failure looks like this:

    It is important to note that this is the polished-up “official” government numbers.  Anyone on this side of the rainbow already knows, the reality is much worse.  In fact the smart guys at Trim Tabs assert that the BLS missed the November jobs report by over 200,000. 

    A Vicious Cycle continues…

    Thanks to Bernanke incompetence, price instability has reached biblical proportions.  For example, Oil has traded everywhere between $32.40 and $147 per barrel in the last 18 months.  How’s that for price stability?  I can sight so many examples of price instability that, rather than list them all, I made this nice collage:

    And if this isn’t enough to convince you how horrendous a job Bernanke has done, there’s always this:

    (Image from http://www.babylontoday.com/)

    Bernanke “saved” Wall St.  with US taxpayer money who have borrowed more than $6000 for every man, woman and child in the country in the last twelve months alone.  Yet  to this day, he refuses to divulge exactly what  is on the Fed’s balance sheet.  The idea that any nation can borrow its way to prosperity is utterly insane, yet here we are, trying to drink ourselves sober, and sticking our kids with the bill.  To call the architect of such a plan a “hero” is an insult to our intelligence.  

    America should be discussing prison terms for Bernanke and his accomplices (who incidentally will be getting record bonuses this Christmas), not reappointment, and anyone who says he’s done a good job is either a liar or a fool.  He’s an arsonist masquerading as a fire fighter and there is no other way to see it.  This story should be front and center in America.  Instead it’s being treated like a non-event, a forgone conclusion.  And the few Senators who have stood up against the generational-rape of America are being labeled cranks. 

     Madness……

    Let your Senator know that if he doesn’t stand up right now, his punk-ass is gone!  Link to list at Senate.gov

    (this is the official end of the post)

    Bonus material (how I really feel):

    I am an American, first and foremost.  The principles our Country was founded on are more important to me than my own comfort, even my own life.  Anyone willing to compromise those principles is destined to be enslaved, and of no use to me.

    Change you can believe in” has been cancelled, we now return to another episode of “Crooks playing musical chairs

    Pick a Conspiracy Theory….

    Any shit-for-brains conspiracy theory you want, and you’ll find those whack-jobs have far more evidence than Bernanke supporters.  I find Bernanke supporters every bit as loathsome as Holocaust deniers.  People willing to stick their heads in their asses, so they can live with themselves. 

    I’m making a list and checking it twice…..

     It’s time to do the right thing.  I expect every American to make their voice heard loud and clear about Bernanke’s reappointment.  This goes a hundred-fold for those in the public eye (TV personalities, writers, and yes, even bloggers).  Those who fail to take a clear stand are cowards in my eyes and will be treated with the disrespect cowards deserve.

    ***

    I saw enough of The Da Vinci Code to know that things are not always what they seem.  It has become clear to me that the works of the great M. C. Escher are not impossible designs;  They’re Economic Models….check it out:

    escher-economy1a

    more…………………..

    Read the rest of this entry »

    How Hot is Gold?

    In Open Thread on Saturday, February 21, 2009 at 2:31 am

    It depends on where you’re from.  Here’s a chart of gold’s 6-months performance in the world’s most popular currencies:

    gold-currency-captureChart compiled from data at Kitco.com

    The performance of gold has been anemic in terms of US Dollars when compared to the rest of the world, but it looks amazing compared to the 40% shellacking stocks have taken in the last six months.  However, the question  is always what’s going to happen next.

    more………

    Read the rest of this entry »

    Squashing Gold Bugs

    In Open Thread on Sunday, February 15, 2009 at 6:58 pm

    I’m an unapologetic conspiracy theorist.  I believe the people in charge would rather try to manipulating public sentiment(and markets),  than face reality (and justice).  I had reserved judgment on the new administration (which looked a lot like the old administration), until last week.  First we had last Thursday’s (Feb 05)  market likes the idea of abandoning mark to market rally.  Then, we had Tuesday’s Market hates Geithner fade (it was more than sell the news).  This Thursday (feb 12), we had a market likes helping homeowners rally to close the abyss.  Bullshit, Bullshit and more Bullshit. Point is, you are still dealing with a game of Three Card Monte (and not a cop in sight).

    So what’s all this got to do with gold?

    Everything.  The performance of gold is an embarrassment to Central Banks, Governments and Wall Street.  It confirms the idea that they are idiots, and more and more people are figuring this out.  It’s time once again to shoot the messenger (more accurately, push the messenger off the cliff).  Of course, as long as you can make it look like an accident…… Read the rest of this entry »