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The suit alleges HSBC was instrumental in "engineering a labyrinth" of international sources of funding for the fraudster. "At the core of this architecture was a remarkably small group of individuals and the bank on which they all relied to help project an air of credibility: HSBC," said Oren Warshavsky, a partner at Baker Hostetler, the court-appointed lawyers for Picard.
http://www.guardian.co.uk/business/2010/dec/06/hsbc-bernard-madoff-lawsuit
1-Paul Krugman defends the claim that World War II got us out of the Great Depression Sept28,2010 http://www.thefreemanonline.org/departments/it-just-aint-so/war-would-end-the-recession/
2-Pentagon's Christmas Present: Largest Military Budget Since World War II Dec23,2010 http://www.opednews.com/articles/Pentagon-s-Christmas-Prese-by-Rick-Rozoff-101223-140.html?show=votes
3-Everyone Knows the Tensions on the Korean peninsula,so pass on that..
4-Larry Edelson's comments on War Cycles:
Q: Do you expect the situation on the Korean Peninsula to come to a head in 2011. And if so, how would a shooting war in Korea affect metals prices?
A: Unfortunately, yes, I do expect the situation in Korea to worsen. But the timing is harder to pin down. According to my cycles work on war, the most likely time period for international conflict is the
2015-2016 time period.
As for how it would impact metals prices, I would expect it would be very bullish!
5-Robert Pretcher on Wars are Bullish/Bearish for stock market prices:
Economists have in fact argued both sides of this one. Some have held that war stimulates the economy, because the government spends money furiously
and induces companies to gear up for production of war materials. Makes
sense. Others have argued that war hurts the economy because it diverts
resources from productive enterprise, not to mention that is usually
ends up destroying cities, factories and capital goods. Hmm; that makes
sense, too. Apparently the way that a war would change an economist’s
stock-market outlook depends upon which version of the exogenous-cause
argument he believes.
I will not take sides here. We can negate both cases just by looking at a few charts. Figure 11 shows a time of war when stock values rose, then
fell.
fell.
Figure 12 shows a time of war when stock values fell, then rose.
Figure 13 shows a time when stock values rose throughout.
Figure 14 shows a time when stock values fell throughout.
Who wins the war seems to mean little, either. A group of Allies won World War I as stock values reached 14-year lows; and nearly the same group of
Allies won World War II as stock values neared 14-year highs. Given
such conflicting relationships, why and how, exactly, does an economist
expect war to affect his economic forecasts?
Allies won World War II as stock values neared 14-year highs. Given
such conflicting relationships, why and how, exactly, does an economist
expect war to affect his economic forecasts?
6-Great Analysis on Russia,China and Iran by Realnewsnetwork:
Part 1:https://www.youtube.com/watch?v=x33aVxueXgg&feature=youtube_gdata_player
Part 2:https://www.youtube.com/watch?v=1k8MgYKuVCM&feature=channel
7-Racism as a factor of foreign policy leads to Mass Genocide:
The earliest decades of expansionist United States foreign policy making was often accompanied by racialist ideological justifications. While pursuing a series of expansionist wars (see "Racism against Native
Americans" above), American leaders embraced an ideology of white racial supremacy. George Washington predicted at the end of the U.S. Revolutionary War,
“The gradual extension of our settlements will as certainly cause the
savage, as the wolf, to retire; both being beasts of prey, tho' they
differ in shape."[95] The successful slave revolution in Haiti
alarmed the United States leadership, and the country refused
diplomatic recognition for decades. The United States conquest of Florida and the Seminole Wars
were fought in part to confront the danger of "mingled hordes of
lawless Indians and negroes," in the words of President John Quincy
Adams.[96]
Early 20th-century President Theodore Roosevelt declared, "The most ultimately righteous of all wars is a war with savages" and openly spoke of cementing the rule of "dominant world
races."[96] In line with the concepts of the "Manifest Destiny"
of white Anglo-Americans to conquer lands inhabited by "inferior" races
of Native Americans and Mexicans, and the "White Man's Burden" of
Europeans' obligation to introduce civilization to the "primitive"
people of Africa, Asia and the Pacific, American foreign policy in the
early 20th century had racial overtones of a "superior" race destined to
rule the world.
Critics such as Gore Vidal and Noam Chomsky have suggested that racism has played a significant role in U.S.
foreign policy in the Middle East and its treatment of the Arabs.
Various critics have suggested that racism along with strategic and
financial interests motivated the Bush Administration to attack Iraq even though the Baathist regime of Saddam Hussein did not possess weapons of mass destruction nor had any ties to Al Qaida.[97][98][99]
On the other hand, some scholars believe that the United States has
softened racial restrictions based on foreign policy concerns. For
example, Congress eliminated racial bars on Asian immigration during World War II and the Vietnam War to recognize American allies.[100] When the Supreme Court decided Brown v. Board of Education,
the government argued that the Supreme Court should rule against racial
segregation to counter Communist propaganda and improve America's image
overseas.
8-OR Another Holocaust:George Soros (Hungarian Jew) who escaped the Nazi's as a young boy at the age of 14,pointed out similarities between the Bush administration and the Nazi Regime had come as a slip of tongue:
Interview:https://www.youtube.com/watch?v=_DuafAqAHrc&feature=related
Note:The Nazi's targeted Jews,Gypsies and ethnic minorities,Using Propaganda and concentration camps and eventually resulting in mass ethnic cleansing in Europe.
So I wonder what religious group or ethnic minorities will have to suffer the same fate,since wars and holocausts have cycles,and history has proven to repeat it-self.
(Scared to say muslims,aren't you?) And if it happens,it won't be just them who suffer the same fate,most ethnic minorities will.
Ben Affleck denounces intolerance in the United States:https://www.youtube.com/watch?v=O9d-9GM9RGQ
Financial interests behind Islamophobia:https://www.youtube.com/watch?v=vCpeKpzhLEE
9-Nigel Farage on The Rise of extremist Political Parties:
https://www.youtube.com/watch?v=M0Zbpa3i4HY&feature=player_embedded
If you think extreme political parties are yet to come,Oh well,even Nigel was on the anti-burka parade funny enough.
So basicaly it can have it's lunch on either side of the waters(Salt=bears & Fresh=Bulls)
The bull shark is the biggest killer in the shark world. Killing far more people than the tiger or the great white, the bull shark is a stocky, powerful hunter. Its key to being a successful hunter, and also a maneater, is that it is the only shark that can tolerate both salt and fresh water.
According to the just released NYSE short interest update, the number of shares short on the NYSE group has just dropped to 2010 lows, afterdropping by over 1 billion since the August highs. This has occurredpretty much in linear fashion: in the last 4 months, there has been justone two week period in which the shorts have increased. What is justdelightfully ironic, is that even as broad market volume has collapsed,biweekly short covering has surged on a relative basis. In essence, thebulk of the market buying has been short covering, which traditionallyis always 'offer-lifting' heavy, as shorts are willing to pay any priceto cover underwater positions, especially if there is an accelerantinvolved, such as when a repo desk advises its "client" that StateStreet has decided to force squeeze financial stocks for the nth time since March 2009.
The chart below shows that after standing firm through the end ofSeptember, shorts have capitulated and the bulk of the weak hands has bynow been washed out.
The second chart shows the near relentless covering in biweekly short positions:
A new poll has suggested that support for Britain's Conservative-Liberal Democratcoalition government has dropped sharply since it took the helm in May.
According to the survey carried out for the Guardiannewspaper, as many as 47 percent of the British now disapprove of thejob the coalition is doing, while only 43 percent say they were right toform a government.A similar poll conducted by the same paper in May suggested that 59percent of the British backed the two rival parties to form a governmentafter the general elections.
The May elections failed to present an outright winner. Thecenter-right Conservatives won the most seats in the lower house ofparliament but not enough to rule the country alone. They turned tothird place Liberal Democrats out of despair and formed the coalition.
Political analysts warned at the time that this coalition would notlast a full term as there is a sea of difference between its leaders onhow to govern the country.
Now, the coalition is beginning to fall apart as Liberal Democratsare openly unleashing their true feelings for their coalition partners.
Unions and members of parliament (MPs) are counting down the days tothe coalition's annihilation after Business Secretary Vince Cableannounced war on Rupert Murdoch's media empire recently, and othersenior officials of the Lib-Dem party told undercover reporters thatPrime Minister David Cameron is not a leader who can be trusted.
"I don't want you to trust David Cameron," Care Minister Paul Burstow told people he thought to be Lib Dem voters.
"George Osborne has the capacity to get up one's nose doesn't he?"said deputy leader of the Commons David Heath.
Heath also went on to discuss the Tories in general.
"Some of them just have no experience of how ordinary people live and that's what worries me," he said.
The revelations will pile pressure on a coalition already strainingto keep up its public image after Cable declared war on the News of theWorld and said he would block its bid to take full control of BSkyB.
Labour MP Jeremy Corbyn believes the latest comments prove that the coalition's lifespan is reaching an end.
"It is fascinating that these Lib Dems will say what is blatantlyobvious behind closed doors but still vote for hikes to tuition fees andVAT," he said.
The most recent survey shows support for the main opposition Labourparty is at a three-year high of 39 percent, while only 37 percent backthe Conservatives and support for junior coalition partners, the LibDems, hit a five-year low on just 13 percent.
The coalition inherited a country riddled with a record budgetdeficit from the previous Labour government. It was forced to enforcesome of the harshest public spending cuts not seen in Britain fordecades in an attempt to tackle the deficit.
But these cuts, as well as the hike in university tuition fees,sparked nationwide violent protests and pushed the country into crisis.And people began to talk of a coalition breakdown.
Gareth Soloway
Chief Market Strategist
www.InTheMoneyStocks.com
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