A hidden world, growing beyond control
CIGA Eric
There is only one constant and that is the greater the size of government, the lower the production of nation wealth. Martin Armstrong, Can the Euro Survive a Sovereign Debt Crisis.
So much for openness and transparency. The American public remains on a need to know basis as the Government grows with impunity.
The top-secret world the government created in response to the terrorist attacks of Sept. 11, 2001, has become so large, so unwieldy and so secretive that no one knows how much money it costs, how many people it employs, how many programs exist within it or exactly how many agencies do the same work.
Source: projects.washingtonpost.com
Mailbox
CIGA Eric
Hi Eric,
I believe that, it’s just that with the recent attacks it’s hard to believe that Gold can climb 475 points in 6 months.
This experience can become very unnerving.
Again I appreciate your response and excuse my ignorance in this matter.
Arlen
Exact timing matters only to leveraged option traders. Do not underestimate gold to the upside- ever. It can and will do more than you expect. $1650 on January 2011 remains within reach, but that price target and date will matter little when gold pushes beyond $2000.
What should unnerve all investors are the decisions being made to protect an ailing financial system. But, that my friend, matters little today. So the sheep sleep determined to awaken only minutes before the slaughter.
Eric
Arlen,
It can do that in days. Check out 1979-1980
Jim
Jim,
For your personal information.
Please take a look at my calculations: http://www.goldmodel.blogspot.com
It is my firm belief that we have seen the low in gold.
Best regards,
CIGA Stefaan
Dear CIGA Stefaan,
I agree.
Regards,
Jim
CIGA Stefaan,
The bottom will come, which is likely yesterday, when the bulk of the future contracts are moved from short to long. Cause and effect rules the casino markets. We are close.
CIGA Eric
Dear Jim,
This stinks of desperation. It has your Formula written all over it!
Stores push summertime ‘Christmas’ sales
Target promotion joins Sears and Toys R Us in celebrating shopping early
by ANNE D’INNOCENZIO
NEW YORK — Santa in the summer?
Retailers are pumping still more energy this year into trying to get shoppers to loosen their purse strings early for Christmas with sparkly ornaments, holiday music and special prices. In July.
Target Corp. is entering the game for the first time, with a one-day online sale starting Friday on 500 items from clothing to Blu-ray disc players that’s modeled after sales typically held Thanksgiving weekend. And Sears and Toys R Us are dramatically promoting "Christmas in July" online and in the stores based on the success they saw in last year’s efforts.
"We really wanted to create that sense of excitement, that sense of urgency," said Target spokeswoman Molly Hanus.
Jim,
CIGA Eric has been writing about the small bank failures for quite some time, but now this subject is starting to get more attention from the media.
Many of the 690 small banks that received bailouts are now facing a take-over risk.
As you said, the so-called recovery is taking the form of a Ski Jump.
Best regards,
CIGA Black Swan
Bailed-out small banks face takeover risk
WASHINGTON (Reuters) – Smaller banks that got U.S. government bailout money are likely to run into trouble repaying it and may become vulnerable to takeovers as a result, a congressional watchdog agency warned on Wednesday.
In its latest critique of the Treasury Department’s handling of the Troubled Asset Relief Program, or TARP, the Congressional Oversight Panel said smaller banks face far more difficulty than their big Wall Street counterparts in exiting the bailout program.
Treasury pumped about $205 billion of taxpayers’ money into more than 700 banks through the Capital Purchase Program (CPP) that was created under TARP, aiming to stabilize them amid the financial crisis that struck in full force in autumn 2008.
Most of the money went to 17 big banks, with assets over $100 billion, that emerged from the crisis relatively well.
