Archive for August, 2008
GOLD: STRATEGIC SUPPORT BREACHED
August 11th, 2008WARNING: This is not a recommendation to buy, sell or hold any financial instrument. There it goes… $850 was the BIG one. Via: Market Watch: Gold futures dropped to their lowest level of the year Monday afternoon as a decline in oil prices and strength in the dollar sent the precious metal’s prices down by […]
Put Options “Lotto” on Bear Stearns Collapse Paid Out More than $270 Million
August 11th, 2008I watched another one pop, then, finally, I thought: “This is the scene of a crime for sure.” —Insider Crimes, Funny Money and Options Rackets Via: Bloomberg: On March 11, the day the Federal Reserve attempted to shore up confidence in the credit markets with a $200 billion lending program that for the first time […]
FDIC Fund Strained by Bank Failures May Lift Premiums
August 11th, 2008Via: Bloomberg: The failure of IndyMac Bancorp Inc. and seven other banks this year may erase as much as 17 percent of a government insurance fund and raise premiums for all banks, from Franklin National of Minneapolis to Bank of America Corp. The closing of IndyMac in July, the third-biggest U.S. bank failure, may cost […]
Russian Invasion of Georgia Moving Beyond South Ossetia
August 11th, 2008It’s extremely difficult to find information on this conflict that’s even remotely clean. The Western and Russian press organizations are all running in maximum propaganda mode. There are no protagonists here at all. What we have is a mob war; the underlying nature of which isn’t clear yet. Georgia carried out atrocities when it unleashed […]
U.S. Arms Cache Found in Kyrgyzstan
August 11th, 2008Via: Kommersant: The U.S. embassy in Kyrgyzstan has found itself embroiled in scandal after the country’s interior ministry announced that a hoard of U.S.-made weapons has been found in a house in Bishkek rented by U.S. citizens. The embassy hurriedly stated that the weapons were intended for antiterrorism exercises, but Kyrgyz enforcement agencies have not […]
Theory on Dollar Short Squeeze
August 11th, 2008Via: GoldMoney: So what happened to cause the dollar to rally over the past three weeks? In a word, intervention. Central banks have propped up the dollar, and here’s the proof. When central banks intervene in the currency markets, they exchange their currency for dollars. Central banks then use the dollars they acquire to buy […]
Cryptogon Readers Send Contributions
August 11th, 2008Thank you. JH $50 CA $20 DJ $25 RL $30 JG $30 Pookie $75 IL $90 (Farmlet)
Chinese Created Simulated Fireworks Display for Broadcast During Opening Ceremony
August 11th, 2008I’ve decided to mostly ignore the nonsense associated with the Totalitarian Games 2008, but I couldn’t resist posting this. Via: Telegraph: As the ceremony got under way with a dramatic, drummed countdown, viewers watching at home and on giant screens inside the Bird’s Nest National Stadium watched as a series of giant footprints outlined in […]
Oil-Rich Fund Eyeing Foreclosed U.S. Homes
August 10th, 2008Is this a nonsense story to trick people on the sidelines into flinching and buying? Or is it real? I don’t know. I have to wonder, because the next phase, the Alt-A and prime phase is just getting started. You’d think the people with billions of dollars burning holes in their pockets would know better—but […]
Has Cheney Been Fitted with a Kill Switch?
August 10th, 2008Dick Cheney’s life depends on a device that can be accessed remotely and commanded arbitrarily with readily available hardware and software. In 2001, Cheney received a Medtronic implantable cardioverter-defibrillator. See: Device in Cheney’s Chest Helps Veep’s Ticker Keep Time: July 2, 2001 — Small technology is at the heart of an advanced pacemaker implanted in […]
