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ARCHIVED DISCUSSION FROM 1/21/2006 All times are U.S. Mountain Time (Yesterday's Discussion.) Goldilox (1/21/06; 23:09:16MT - usagold.com msg#: 140736) Why would Europe go along with this? @ Flatliner,The answer lies in a closer examination of one of your earlier statements. "Could it be that they are saying that they have removed their money from Europe where in reality, they have remove their money from a collection of American backed organizations or organizations that have strong ties(control) in the US?" Every examination of the makeup of the FED that I have seen leads right back to Europe's banking families as major participants. When it comes to banking and control of money, the "us and them" is defined by "us bankers" and "them non-bankers," not by national boundaries. Find a list of "stockholders" in the Federal Reserve Bank to verify this.Governments can exist at odds with their banking community, but as financing is critical to maintain a government, NOT FOR LONG! Especially when war and expansionism are involved, because someone has to "guarantee" the troops will be paid and the WMDs are paid for. The spoils of conquest may pay back the financiers, but if not, the new markets will be skewed to their advantage as "war reparations" - a la "no-bid contracts."Notice how Iraq's oil is pumped by US contractors for free or pittance rates to pay for their regime change. No one remembers that they never asked for their democratically elected government to be overthrown by the CIA and Saddam in the first place, but since the butcher Shah Pahlevi had been ousted, the western powers needed a new "dictator-friend" in the oil patch post haste.Why worry about paying them in Euros, if you can avoid paying them at all!France's opposition to Iraq-II was not altruistic. They had over $15B in oil contracts that the US invasion wiped clean.Follow the money! mikal (1/21/06; 22:42:44MT - usagold.com msg#: 140735) @Druid You asked about Iran's actions and stated they perplexed you. Perhaps there's no contradiction, but rather consistency in Iran's: a)"making a statement" by moving assets out of Europe before any possible UN action(which is precautionary and prudent IMO), andb) selling oil in euros, along with inviting other oil nations to join this on new exchange/bourse, and placing those fresh euros in Singapore, Hong Kong, Indonesia and other favored banking locales.The euros in both cases are treated as valued assets and placed where free from arbitrary or punitive western or UN sanctions.At the same time they can be liquidated for use in natural disasters, to buy gold, to build hospitals or other reserve functions. Flatliner (1/21/06; 21:40:04MT - usagold.com msg#: 140734) @Perplexed I, too, find it interesting. For what it's worth, Europe is a big place. Where *exactly* did they take their money from and to where *exactly* did it go? Remember that their can be two stores on the street and you may shop at both, but if you have a falling out with one of the store managers, you are more likely to no longer visit that one store. Could it be that they are saying that they have removed their money from Europe where in reality, they have remove their money from a collection of American backed organizations or organizations that have strong ties(control) in the US? I'm sure the people that they direct their threats too will see this very clearly. We… do not. Keep your eyes and ears open and share what you do find. I am curious for reasonable facts. Druid (1/21/06; 21:15:26MT - usagold.com msg#: 140733) Perplexed.... Druid: I find it very interesting, or at least, a mystery as to why the Iranian Oil Bourse is about Iran switching to Euros as a form of payment for oil but then advocating and then pulling investment out of Europe to make a statement concerning Europe's possible U.N. support. Any comments....? Beer Man (1/21/06; 20:09:44MT - usagold.com msg#: 140732) @ Black Blade or our host .. Looking for a phone interview for local Talk Radio Show I have asked before .. not in this way .. they have a toll free # .. the show is M to Fr 9 am to 11 am cent time ... for as long or short as you like .. I have asked Dr. Ron Paul .. so far no responce .. just want to cover some basic stuff or what you think the folks need to know about gold & how best to invest in gold .. or what ever you want .. Many Thanks Dan The Beerman P.S. Sorry for the misspelling in my past post .. saw it AFTER I hit the send .. hate when that happens ... this keyboard also has 3 keys that dont function .. so what !! seeker (1/21/06; 19:39:13MT - usagold.com msg#: 140731) THE WAY THE WORLD REALLY WORK http://www.gold-eagle.com/editorials_05/petrov011606.html Caradoc Your 140715 post is a good find!From what I've read over the years, this is one of the most concise, to the point article on what is really happening in the world today. Watch in absolute wonder how the U.S. will tell us that the world is not safe with Iran about to acquire nuclear weaponry. We must invade! HMMMMMM sounds just like the precursor to the Iraq affair eh?How perfect for the U.S. We start a war with Iran, the price of oil goes up because of this conflict, we prevent yet another country from using anything but U.S.$ for oil trade and now everyone must buy more U.S. dollars to pay for the higher priced oil.The only question I have about all of this is why would Europe go along with this? Cometose (1/21/06; 19:38:15MT - usagold.com msg#: 140730) THE ORANGE AND BLUE SKI My date and I noticed before arriving at Invesco last weekend while leaving from AURORA ......that the skies around DENVER were ORANGE AND BLUE .........I said to my companion that that was a bad omen for the NEW ENGLAND PATRIOTS...........I noticed today that the sky was orange and blue when I awoke and it was orange and blue when the sun went down ........THAT IS A BAD OMEN for the Pittsburgh Steelers.Someone needs to interpret and indentify .......this to the local news media............THIS ISN"T A COINCIDENCE ..........You can bet on the FRIENDLY SKIES over DENVER that TOMORROW"S WIN OVER THE STEELERS IS IN THE WIND (BAG) and it's a cinch.........GO BRONCOS !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!NO WAY THE LIMITED STAFF of the STEELERS can outcoach the genius staff of the BRONCOS......LOW SCORING 1st half .....SECOND HALF .....BRONCOS COACHING STAFF figures out the Pitsburgh defence stunts and weakness......BRONCOS by 10 GO BRONCOS!!!!!!!!! Smeagol (1/21/06; 19:21:36MT - usagold.com msg#: 140729) "I, Greenspan" http://www.gold-eagle.com/gold_digest_05/bonner012106.html Ssnip:"Why should I, Greenspan, suffer such a fate? No, it was not for me. This was the "golden predicament" I faced. Yes, I knew well that the nation would be better off if the punch bowl were removed, but I knew that I would be removed too, if I did it. And I knew, also, that it would be just a matter of time until the pressure for easy money would overwhelm any resistance a Fed chairman could put up. No pure paper money system has ever lasted. People can never resist the temptation to make the money easier and easier…until it is so wobbly and woozy it falls on its face. It's better that it falls sooner rather than later. It's better that the lesson is taught now, rather than 10 years from now. It's better that the lean times come on the next man's watch, not on mine! That's what I owe to old Ayn; she taught me who rules Greenspan - Greenspan! Ayn taught me the number one rule: Look out for Numero Uno.I remember it so clearly. I was sitting in a House committee hearing room. My tormentors kept asking questions. I kept giving the kind of answers for which I later became famous…answers that didn't say anything. And I thought to myself: if these lardheads want easy money, I'll give them easy money. I'll give them the easiest money the planet has ever seen! I'll give it to them good and hard!And so, I did."S. Cavan Man (1/21/06; 18:31:38MT - usagold.com msg#: 140728) last CM post Please accept my apology for poor spelling...always in a hurry...CM Cavan Man (1/21/06; 18:30:34MT - usagold.com msg#: 140727) Iran "ISSUES" Of course, the real issue is the new enegy/EURO bourse. The rhetoric regarding nuclear ambition is obfuscation. Iran apparently will not bend under pressure. Therefore, the bourse goes live and M3 goes the way of the dinosaurs. Happy monetization/stealth hyper inflation...CM As an aside; it was enlightening to first see our "allies" condemn Iran and then back OFF. Indeed, a "fool's erand" was spent. USAGOLD / Centennial Precious Metals, Inc. (1/21/06; 17:53:05MT - usagold.com msg#: 140726) Assets and information to help you enter the gold market with grace and confidence http://www.usagold.com/gold/special/starter.html The Invisible Hand (1/21/06; 17:32:06MT - usagold.com msg#: 140725) End of the West's economic arrogance http://www.aljazeera.com/cgi-bin/news_service/middle_east_full_story.asp?service_id=10502 Al Jazeera, Sat, 21 Jan 2006 10:07 AM PST-http://www.aljazeera.com/cgi-bin/news_service/middle_east_full_story.asp?service_id=10502In response to the mounting threats to refer its nuclear dossier to the United Nations Security Council to force it suspend its nuclear program, safeguarded and certified by the IAEA to be for peaceful purposes, Iran announced it's moving all its foreign exchange reserves out of Europe to shield itself from the threat of sanctions likely to be imposed by the UNSC. David Linkley (1/21/06; 17:14:19MT - usagold.com msg#: 140724) @Flatliner The dollar is toast by design. The current policies of the Bush administration are to lower the dollar over time in a controlled manner. Deflationists may be ultimately right but "Helicoper" Ben Bernanke has been hand picked by Bush to inflate at will. Gold is now ringing a loud warning bell by not correcting for any length of time or price. Gold is the fly in their soup. As they continue the endless terrorist warnings, plan for more war and take our rights away gold demand is climbing. If Iran is attacked I believe events may escalate beyond any plan or control and into a world conflict. The US economy is sinking and they will try even more drastic money creation to fight it. Orwell would be proud of the current Western Governments. For all you socialists out there, thanks for the decades of endless paper creation, lies, dumbed down education system, false promises of taking care of everyone and removing the only real check and balance known to properous societies - honest, moral money backed by gold. You're about to get what you all deserve, go ahead and take another deep inhale from that stong stuff you smoke, your philosophy is about to implode and take us all with it. Clink! (1/21/06; 15:17:04MT - usagold.com msg#: 140723) Sometimes the best laid plans go very, very wrong ..... http://www.prudentbear.com/archive_comm_article.asp?category=Guest+Commentary&content_idx=50691 Snip :-As the liquidity bubble inflated, a corresponding deflation of values and principles strangely took hold. Prudence and frugality went out the window, which seemed to breed a general disrespect for rules, ethics and especially tradition.For instance, the time-honored Monopoly rule of only one hotel per property was rejected as old-school, and soon rows of shiny red hotels were springing up on single, small-lot properties.Eventually, there was a shortage of hotel building materials, and Lego blocks were brought in as substitutes, stacked up like high-rise condos along the New Monopoly skyline. Before long the bank ran out of $500 bills, so the now-worthless $1 notes were declared to be $1,000 bills by fiat. Eventually, in a stunning display of central banker irresponsibility, an imaginary zero was added to all currency notes, so people could afford to pay rent on Boardwalk and Park Place with five hotels.End snip.C! Any similarity between this story of using a game of Monopoly to teach your kids about economics and actual reality is totally intentional .... Caradoc (1/21/06; 15:11:22MT - usagold.com msg#: 140722) Iran "moves assets out of Europe" http://news.bbc.co.uk/1/hi/business/4632144.stm Another marker along the trail...To the right of this BBC article, there's link to another one on how Iran's action complicated things for China:http://news.bbc.co.uk/1/hi/world/middle_east/4621182.stmThe Chins link is good for what it covers but doesn't mention that China has to be aware of its huge pile of dollar-denominated debt when charting a way forward. They may need to buy more aircraft and Chevrolet Suburbans,Caradoc Flatliner (1/21/06; 15:08:24MT - usagold.com msg#: 140721) Motivation for FreeGold. http://www.gold-eagle.com/editorials_05/petrov011606.html Thanks Caradoc for posting the lead to Krassimir Petrov's article. It seems to me that this fine author might have failed to mention something that rings loudly in these halls. The author wrote: "Essentially, the U.S. declared itself an Empire. It had extracted an enormous amount of economic goods from the rest of the world, with no intention or ability to return those goods, and the world was powerless to respond- the world was taxed and it could not do anything about it." Effectively, the creation of new US Dollars acts as a tax on all that hold them, not just US citizens. This reason why this is interesting to me is that in order to believe in the Freegold concept you look for evidence that would support that concept coming into existence. There is absolutely nothing more motivating then to reduce your TAX burden. As it stands right now, every single country in the world is being taxed by the US through its money creation(expansion) process. If I could find no other reason to support Freegold on a worldly scale, removing this taxation burden would be enough for me to believe that the world as organized against the US – just to remove this burden.In an odd kind of way, US citizens might come to embrace this concept (Freegold) in the future just to get out from the hide tax that they are currently paying. mikal (1/21/06; 14:45:15MT - usagold.com msg#: 140720) Iran and China http://www.lewrockwell.com/reese/reese256.html Iran's Bomb - Charley ReeseAnother, short opinion piece that mostly throws cold wateron the idea of an attack on Iran by Israel or USA. Reese also sees China as an important player.As we have heard this week, foreign Iranian accounts are being moved premptively and gold is still viewed favorably there. It seems the larger questions are how quickly an Iranian oil bourse will affect transactions in dollars,world currencies and gold.It's also unclear whether Iran's March, petroleum bourse will institute trading in euros in stages, as rumored, or immediately.All major currencies are being divested in exchange for gold. It will be interesting to see how they stack up against each other in a few months time. mikal (1/21/06; 14:23:25MT - usagold.com msg#: 140719) Another opinion piece on Iran http://www.lewrockwell.com/margolis/margolis12.html Nuclear Showdown with Iran - Eric Margolis - Pretty good overall perspective on Iranian history and current affairs, with some minor errors, seems to prove the US is in between a rock and a hard place, barking louder than it's bite.The role of gold must soon become more important and all-embracing. IMHO, NIA. Belgian (1/21/06; 14:20:30MT - usagold.com msg#: 140718) @Flatliner You do surpise me sir, with your fast progress in understanding the big picture >>> The $-IMS and all its international institutions (IMF-WB-etc) do function already for *many* decades with a dollar-debt-unit. The point of no return (hard money) has already definitely been passed long ago (1971 was the coup de grace). But the debt-dollar-unit still keeps functioning ! This should NOT surprise us at all. Simply because "gold" is evolving, whilst we keep on using the existing system. Nothing really matters anymore...more or less dollars...exchange rates...oil in dollars or euro...etc. IT IS IMPOSSIBLE TO MAKE THE DOLLAR A HARD CURRENCY, AGAIN ! And we "have" to continue -using- it up until the alternative, "GOLD", is on its feet. That's what gold's revaluation process is all about. Gold is in the process of unwinding all the automatisms (official and private) that got installed during the past 25 years.There are limits on the permanent depreciation of the debt-dollar-unit and its non inflation correcting/compensating dollar-gold (POG). It is the fast "emerging" part of the world that is defining those $-limits and how fast these will be reached. The international institutions are losing their (former) grip on the management of the $-IMS. They also watch gold's behavior...as they did 40 years ago when they were still able to organize a London Gold Pool. But in the present decade an opposite (to the LGP) action has been taken under the form of WAG I-II ! Why was the goldprice crashing (ATL-$253) whilst the dollar-debt-unit added tonnes of debt !? And WHY was this particular (succesfull) action countered with WAG I-II !? Could it be that the international institutions and the cooperating CBs are divided about gold's changing future !? You bet they are.That's why the dollar-debt-unit is still used, whilst gold is building on its brand new future (freegold wealth reserve instead of handicapped $-inflation gold).It speaks for itself that the dollar must ignore what is really happening with gold, for as long as this process is building. All oil is NOT going to be invoiced in another currency, overnight !!! A dollar-divorce is NOT going to happen overnight. This is a process ! And there is NOT one single sign that tells us it is not going to happen. On the contrary.That is what we are watching and better should recognize as such. Keep your precious -wealth- firmly in hand, Flatliner and think deep before considering the goldprice having outrunned $-inflation. That axioma will soon become history. bskija (1/21/06; 13:54:30MT - usagold.com msg#: 140717) Pay checks and Batteries If you take what the average person made each week in 2005 and gave him a list of foods and stuff available now and in the 1920s and had him put it on a table, and had what a person made in the 1920s each week and had him put the same stuff on a second table, I am sure the 2005 paycheck would be a whole bunch larger than the 1920s stuff on their table. This despite the fact the dollar is getting cheaper and cheaper as the years go by. With this example, is the dollar really experiencing less worth? Is the living standard of the average person declining? I don't think so, but pessimistically with the right-wing Republicans in full control it may come to that. The battery in my smoke detector lasted a little over two years before indications cause me to replace it. If I went by the rule of every birthday it would double my expense for batteries. If I went by what they tell us to change every year or a cetain amout of mileage I would be in the poor house. Flatliner (1/21/06; 13:07:51MT - usagold.com msg#: 140716) Rising demand for Dollars? When I read the BLACK GOLD U.S. Dollar Hegemony Article by Douglas V. Gnazzo, on the Financial Sense website yesterday, I couldn't help but wonder if we're going to see a rising dollar rather then a falling dollar in the coming months. Then, reading the Treasury Bonds Topping article by RobertMcHugh, Ph.D., I once again wonder specifically at his comment "Perhaps how it will go is, demand for U.S. Dollars (to buy oil) will decline once Iran opens its euro-based oil bourse in March. With too much supply, the Dollar collapses."As we already know, dollar demand is partly supported from buying oil around the world. He who wants to buy oil, converts into dollars, and then puts those dollars to work. At the same time, with the IOB coming online in a couple months it stands that there will/may be a weakening in demand for dollars on a global scale that will soften the demand thus causing the price to fall. But, I'm starting to question this logic and I wanted to share the idea in this forum to see what others think. Look at the price of oil. It's, ah, going up. At one time, the price was ˝ of what it is today. Back when it was ˝ the price, it took ˝ the total number of dollars to buy oil. Oil demand is going up at a couple percent a year, yet the price is going up much faster (double maybe?). Look at the strength in the dollar over the last year and you see it going up. Could people be buying more dollars in order to buy higher priced oil thus causing a higher demand for dollars thus, keeping it from visibly crashing?It will be interesting to watch this in the coming months. It will also be interesting to see if things stay in a delicate balance. In other words, if the price of oil, say, goes up at 30% will that be enough to offset the reduced demand for oil in dollar terms allowing other currencies to buy oil without crashing the dollar? The real question I have is, will the rise in oil price create a demand for dollars that will offset the displaced demand that moves to another currency thus preventing the dollar from falling on its face. If so, I would expect the price of oil will, over time, come to punish those who hold dollars vrs those who don't.Seems like a pretty wild idea, but not to wild for this forum. The idea also seems to fit with previous predictions that the dollar will appear to be strong even though the rug is being pulled out from under it. Caradoc (1/21/06; 13:00:00MT - usagold.com msg#: 140715) Iranian Oil Bourse (coming in March) http://www.gold-eagle.com/editorials_05/petrov011606.html Mandatory reading from the castle on the next mountain.Caradoc osa104c (1/21/06; 12:57:09MT - usagold.com msg#: 140714) Happy Birthday @bskijaChange your smoke detector battery every birthday......I agree, what is China to do with the 800 billion $'s...can't even buy a little oil company in South Asia....always a threat to AMERICAN interests???......A rapidly changing world is quickly evolving.....accelerated by information to the masses.......Don't the masses eventually influence outcome??? bskija (1/21/06; 12:23:00MT - usagold.com msg#: 140713) Indian Gold Dance Back in the nineties the Central Banks would loan their gold at a low rate of interest to the big boys. This was not for keeps, because the Central Banks expected the stuff back. The big boys would sell the gold immediately and invest the proceeds into an investment that would give them a healthy profit (little guys were not allow to play this game). The gold that was sold was greedily brought by people from India (when it comes to gold these people know a good thing when they see it). The Indians hammered the stuff into ornaments. They do not trust banks and prefer to adorn their bodies with it. How the big boys will pay this vast amount of gold back to the Central Banks is an ambiguity to me. The selling of gold reach such a fever pitch that it drove the price of gold lower than whale poop. Blanchard a gold business was severely hurt by this game. They sued Barrick and J.P.Morgan for their alleged involvement. My belief is that Blanchard is like a flea challenging an elephant to a tug of war in their law suit. I believe this gold that was sold will only be recovered if the Indians decide to sell it(unlikely). In the mean time yearly world production of gold is declining each year. South Africa has always been a major gold mining entity. Because their gold is miles deep into the ground it is harder and harder to maintain production. Liberty Head (1/21/06; 12:12:21MT - usagold.com msg#: 140712) The Truth About Faith As "Full Faith" in fiat approaches zero, POG will approach infinity.The "Full Faith" snowball is already rolling down the long slope, destroying all in its path.Fortunately, we can sidestep this destruction by placing our faith in a more worthy entity.Best wishes from the simplistic and eternally irrelevant, Liberty Head bskija (1/21/06; 06:11:43MT - usagold.com msg#: 140711) Smoke Smoke Smoke Goldilox, the Chinese will sell some of their dollars for gold, but will be careful not to upset the apple-cart of dollars. This would circumvent their game plan. Because the Central Bank of China has the least amount of gold in their reserves than most developed countries they will exchange some of their dollars for gold. The precipitous interest in gold by the big boys indicates to me that something bad is out there. Gold is the smoke detector of the world's economy, when something is wrong the thing sounds off. This is very annoying to Wall Street and London. Getting off the subject of gold and bringing our attention to our prosaic smoke detector in our homes, a good way to test the battery that is not long for this world is to put the smoke detector in the refrigerator to see if it sounds off. Even a good battery when it is very cold will only have a half-charge. Belgian (1/21/06; 04:29:07MT - usagold.com msg#: 140710) Global conflicts and gold : After the divide and rule strategies that kept the whole Middle East weak for the past 4 decades, a new period has already started. Western strategic occupation of the remaining cheap oil reserves (and pipeline corridors).Iran (and all other oil rich arab states) do see what is happening in Irak. Today, most big oli/gas-reserve holders want their full sovereignity.This can only be achieved "peacefully" with a positive, multilateral approach. The ENTIRE energy-consuming planet should pay what energy is worth. And here lies the main problem : Continue to pay with the same old dollar or the new gold-euro unit !? That's why G.Brown suggested IMF reforms. And the question remains > How sovereign can states be (become) when sticking to the $-IMS.The $-IMS will never accept any transition to gold-euro under the present conditions. That's why the nuclear element (rapport de force) is popping up. Nukes also ended the third Reich.We can only sit and watch how this drama evolves. We have an idea about what the stakes are. What the final outcome will be is still a guess. The Invisible Hand (1/21/06; 03:43:00MT - usagold.com msg#: 140709) Iranian Oil Bourse and natural gas http://www.antiwar.com/prather/?articleid=8426 SNIPSThreat to the peace? Act of aggression? How can Bush et al. expect the Security Council to conclude that IAEA Safeguarded programs constitute a threat to the peace or that pursuing them is an act of aggression?Or expect the Council to take measures under Article 41 (sanctions), much less Article 42 (use of force)?Obviously, as the Iranians, themselves, have pointed out, Bush had sent the Europeans on a Fools Errand. Fortunately, the recent temporary curtailment of Russian natural gas supplied to Western Europe by a pipeline which passes through Ukraine, and the terms agreed to by Ukraine and Russia for restoration of supply, may have put a hitch in the Europeans gitalon+What is the Iranian Bourse and what has a Russian natural gas curtailment got to do with it?Well, to answer the second question; in future, some gas delivered to Ukraine and perhaps on to Western Europe via pipeline will be Iranian. ==Belgium's prime minister was allowed earlier this week to stay longer with Bush than planned.Ask yourself why.In the meantime, decriminalise insider trading. Otherwise all readers of this forum will have to go to jail soon. In fact, they all should already be in jail. Fortunately for them, insider trading laws are applied very selectively. Goldilox (1/21/06; 00:47:17MT - usagold.com msg#: 140708) ENRON Insider Trading - The "smoking cannon" of 911 http://www.newswithviews.com/Devvy/kidd155.htm snip:Don't you find it unbelievable that to date not one person, despite overwhelming evidence, has ever been prosecuted for these short sales in concert with 9/11? The financial tracks to find them were certainly there, and should still be available.That concludes the e-mails to a member of Congress from this individual who wishes to remain anonymous at this time. The big trials for Enron's major players are looming (January 30, 2006) and oddly enough, the feds are taking a different position than expected. In a December 29, 2005 USA Today piece, we find this:Causey's shift eases burden for prosecution By Greg Farrell, USA TODAY"The decision by Enron's former chief accounting officer to plead guilty this week will undoubtedly alter the dynamics of the criminal trial of former Enron chiefs Ken Lay and Jeff Skilling next month. On Wednesday, U.S. District Judge Sim Lake accepted a deal in which Richard Causey pleaded guilty to one count of fraud and will serve seven years in prison and forfeit $1.25 million. Another court opinion made public Thursday revealed that Lake also rejected Skilling's request to dismiss 10 inside-trading charges that are pending against him in the case. Legal experts predict that Causey will boost the prosecution's case in the following ways: The case is less about whether Enron abused obscure accounting rules and more about whether its top executives lied. "The government's not going to have to present mind-numbing, off-balance-sheet deals to prove its case against Causey," says Houston attorney Philip Hilder. Doing so "would certainly run the risk of confusing the jury and, finally, of boring the jury," he says."-GoldiloxIsn't Blackstone, (ENRON's financial trading manager firm mentioned earlier in the article), the very same one being absorbed by JPM in today's news? What a coinckidink!If this information bores the jury, then I suggest the jury be selected from those free of overdosed "anti-depressant" threrapy. So far, the ENRON mess has been pretty well hushed up by plea deals that hide the evidence from the public records. As Justice works their way up the corporate ladder to White House "fishing buddies", and the big boyz try to defend themselves, more of these incredible dealings may find their way to light. The timing of the trials is just about right for the web bot prediction of "yet another failed effort will emerge very rapidly into a full blown 'energy drain' for the Bush Admin."Not that they haven't already seen so many setbacks that Larry Kudlow is hosting the VP's political apologetics on Financial Bubblevision.Loss of credibility is not a good thing for a currency backed by nothing but "full faith and credit." I lean toward the view that M3 obscurity was put in place just to prepare for such an eventuality. Whoopwhoopwhoopwhoopwhoop. Here come Bennie's Hueys!It's well documented that helicoptors experience difficulties in the sandstorms of the ME. Mr. Bernanke should hope they perform better in the s**tstorm that is brewing in the US courts. ViewYesterday's Discussion.
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