Friday, October 3, 2008

Resistance is Futile we will always come back dressed as something different

Breakdown Approaches Climax

The USDollar increasingly is being defended by market interference mechanisms of the worst and most egregiously shameful order, such as a) restrictions to short financial stocks, even though they are insolvent and more illiquid by the week, b) calls to eliminate ‘Mark to Market’ accounting of bank assets, and c) the trusty Plunge Protection Team devices used to prop up stocks, bonds, and the US$ itself. New York City mayor Michael Bloomberg. He is a bit of a maverick, speaking his mind. He actually stated, “The next cause for concern in the battered US economy is whether there will be buyers abroad for the nation’s billions in debt.”

Posted by malct @ 05:38 PM (834 views)
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7 thoughts on “Resistance is Futile we will always come back dressed as something different

  • @ malct – off topic post here having just got back to my office – where has the thread about the banking system shutting down gone?

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  • jack – appreciate your concern have replied elsewhere

    must went family needs me

    will check back

    sober or not

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  • Jack c…

    Below are the posts on deleted article:

    1. sold 2 rent 1 said…
    This really would complete the fifth night destruction quite nicely.
    There are so many people who are still asleep; this should wake them up with a bump.

    Friday, October 3, 2008 11:30AM Report Comment

    2. theboltonfury said…
    how irresponsible posting this. Rumour started by the ‘friend with reliable connections’ – this is just tosh

    if you are right I will of course apologise

    Friday, October 3, 2008 11:37AM Report Comment

    3. theboltonfury said…
    sorry – I forgot to add, S2R1 – you are a complete and utter disgrace.

    Friday, October 3, 2008 11:38AM Report Comment

    4. sold 2 rent 1 said…
    Mr Bolton,

    You are clearly both furious and asleep at the same time.

    Friday, October 3, 2008 12:12PM Report Comment

    5. theboltonfury said…
    The other day you said the suicidal banker hadn’t passed your conciousness test, and today you said that a banking failiure would complete your little fifth night theory ‘quite nicely’.

    just bizarre comments. What must your wife think about you?

    Friday, October 3, 2008 12:17PM Report Comment

    6. malct said…
    [email protected], I’m sorry you think this is an irresponsible posting.

    In case there is a misunderstanding, the above words are a quote from the Jim Willie article, not my own.

    It does appear to be a comprehensive, insightful and large piece of work, with some complelling logic.

    here’s another quote
    The bank runs have begun in earnest. Nevermind the big banks for a moment. The smaller ones are entering seizures. The small and medium sized cities are also entering seizures. Here are two stories, one about a city and another about the bank holiday coming.

    This from a friend in Seattle: “I was talking to my neighbor last night. He is in finance in the county government, King County (Seattle). He said there are some very secretive budget talks being held, very hush, hush. Apparently, the county has lost around $200 million of taxpayer money in toxic paper investments, with huge implications on the budget. He says he is not privy to the details, but he is taking a 10-day vacation starting today, because he has nothing to do since everything is in flux.”

    Friday, October 3, 2008 12:19PM Report Comment

    7. paul said…
    I’m with you on this boltonfury.

    It’s no good posting heresay as fact. If it happens, then yes I’ll say I was wrong you are right. But this looks indistinguishable from rumour-mongering.

    Friday, October 3, 2008 12:21PM Report Comment

    8. malct said…
    paul, I’m not one for taking testimonials too seriously but it seems to me JW is too exposed to risk rumour mongering.

    Certainly the threat to local authorities finances has always been a potentional nightmare in this scenario, and obviously the temptation for banks to take and extra holiday must be immense.

    Friday, October 3, 2008 12:28PM Report Comment

    9. timmy t said…
    Likewise, I’m with Boltonfury and Paul. Malct, the scenario you mention in 6 is no different to every corporate company at the end of every quarter. People in Finance departments like to keep people in the dark because it makes them feel important.

    Friday, October 3, 2008 12:28PM Report Comment

    10. theboltonfury said…
    ok Malc

    things are just really tough aren’t they, so all i am saying is lets not whip up any more pandemonium unless it’s fact. All this serves in my opinion is to fuel one of S2R1’s disaster fuelled masturbatory sessions and gives him the chance to chirrup up about his theorist of the moment (and no I won’t apologise about my castigation of this man – people are dying and facing ruin and all he can comment is how they should have enlightened themselves earlier. He is of course a higher being than us lot due to his advanced conciousness)

    I am not asleep, I am actually very aware of the mess we are in

    I repeat again, if the banks close, I will apologise and gladly buy you a pint

    Friday, October 3, 2008 12:28PM Report Comment

    11. malct said…
    oops forgot the unreliable testimonials

    From subscribers and readers:

    “Your analysis is of outstanding quality, the best I have read. In particular, as a person on the spot, I can confirm the accuracy of your bleak assessment of our prospects in the UK.”
    (JanB in England)

    “I just subscribed to your services and must say that your insights are so eye-opening that it is like having a window to the future. I never thought that they would in so much detail encompassing the entire world. With all that is going on, I still wonder how you are so in touch with it all.”
    (ChrisB in Australia)

    “The latest Hat Trick letter is great work. I am still reading and absorbing, but this is just great analytical work. Truly inspired. I would say you produce a very sophisticated, detailed product that is the best of the bunch. Truly. You help keep me very focused on current events and help me keep my eyes on the distant horizon.”
    (RichardB in Texas)

    Friday, October 3, 2008 12:29PM Report Comment

    12. baroo said…
    On this topic, the ad at the top of this page is quite relevant! On my browser it reads:

    “Is Your Bank In Trouble?
    Free list Of Banks Doomed To Fail. The Banks and Brokers X List. Free!”

    Friday, October 3, 2008 12:44PM Report Comment

    13. denzil said…
    A mates mate mates dad’s cousin sisters boss bit-on-side’s husbands brother who worked in the financial industry said………

    Oh yawn!

    Yet more conjecture and completely unsubstantiated tosh.

    Friday, October 3, 2008 01:00PM Report Comment

    14. jack c said…
    Guy’s – some will consider malct’s posting perhaps irresponsible (all a matter of opinion) and I do not intend to get involved – however I have had my suspicions for a week or more now that the Banking system could potentially “Freeze up” – so much so that I have taken to having a much, much higher cash reserve privately and safely stored where I can immediately call upon Tenners and Twenties.

    My thinking behind this is partly from experience ie it took me 20 mins and several attempts to move £200 from one online halifax a/c to another, Barclays online service has been very intermittent and when I popped into a supermarket the other day it took approx 3 mins for the debit card transaction to go through. I dont normally carry much cash and for convenience rely on plastic – just thought it a good idea to have a contingency plan otherwise I’ll be putting the food back on the supermarket shelves !. I might be putting 2+2 together here and making 22 and indeed the systems could simply be running slow but one never knows in the current financial climate.

    Friday, October 3, 2008 01:04PM Report Comment

    15. quiet guy said…
    @jack c

    “I have taken to having a much, much higher cash reserve privately and safely stored where I can immediately call upon Tenners and Twenties.”

    Me too. Glad to see I’m not the only doomist!

    “one never knows”


    Friday, October 3, 2008 01:14PM Report Comment

    16. george monsoon said…
    S2R1 always generats a heated debate..

    It makes for interesting reading, albeit hearsay..

    Friday, October 3, 2008 01:16PM Report Comment

    17. george monsoon said…
    S2R1 always generats a heated debate..

    It makes for interesting reading, albeit hearsay..

    Friday, October 3, 2008 01:16PM Report Comment

    18. afrobaggie said…
    This is more like lvmreader (where is he?) territory, cash machines running out of cash kind of thing.

    Although Jack C has got me thinking, that the banks have us by the short and curlies. My salary gets paid straight into the bank and my bills are paid directly from that account. My shopping is done on plastic (credit and debit), if the banks shut up shop for just a week, I wouldn’t be able to pay for food for my family or even petrol to get to work (or bus fare, train fare whatever.) Interesting thought, may put a little cash aside.

    Friday, October 3, 2008 01:16PM Report Comment

    19. george monsoon said…
    generats or generates… maybe that was a froydian slide….

    Friday, October 3, 2008 01:17PM Report Comment

    20. jack c said…
    @quiet guy (Friday, October 3, 2008 01:14PM) – don’t take this the wrong way but I’m not a “doomist” just being realistic in the current environment – I simply dont want to get caught out in not having sufficient readily available cash funds – we really are in uncharted water at the moment (IMO)

    Friday, October 3, 2008 01:21PM Report Comment

    21. plato said…
    I have to agree completely with jack c here. Sorry to those against and I fully understand the concerns. However this scenario has crossed my mind on several occasions. I’m sure I’m not the only one. Having read the article in its full context,it’s a great piece of information overall and this particular ‘rumour’ does not need the services of a good friend. That would be my only gripe. I don’t find that makes it any more convincing.

    Friday, October 3, 2008 01:23PM Report Comment

    22. malct said…
    george @ 1.17

    don’t you mean froilian slurp

    oh! and isn’t it heresy?

    Friday, October 3, 2008 01:26PM Report Comment

    23. jack c said…
    @afrobaggie (Friday, October 3, 2008 01:16PM) – we only keep money in a current a/c (IMO) for convenience purposes and pay the bills by DD – if the banks fail to provide a service it causes all sorts of problems – for example when a cash machine goes down.

    I’m just erring on the side of caution not trying to cause a run on the Banks ! but (and here is the potentially controversial bit) P4AC and S2r1 have been pointing out the fact that the Banks have us by the short and curlies for some time now.

    Friday, October 3, 2008 01:28PM Report Comment

    24. mountain goat said…
    I tend to avoid Jim Willie when I see his articles on Market Oracle because he is a bit extreme for my liking. However, this seems like a sensible precaution for a bank to take. If bailout bill fails again banks will close for a while, surely that is clear? I don’t think the bailout is right or the best but if it fails large numbers of banks go down, triggering CDS problems and financial systems go into gridlock. The central banks are pumping billions of short term loans into banks a day and it doesn’t get better.

    Yes I also have some cash hoarded.

    Bolton poor show expressing such fury at a fellow member of this site. Even if I don’t agree with people, I regard people who read this site as individuals who care about the world, themselves and their families. I encourage you not to insult each other.

    Friday, October 3, 2008 01:30PM Report Comment

    25. cornishman said…
    I’m with Jack c and quiet guy. We’ve got a couple of months’ cash stashed away ‘just in case’.

    If push doesn’t come to shove – it can always be put back where it came from.

    It’s not doom-mongering. Just looking after one’s own. Bit like insurance, smoke alarms etc.

    Friday, October 3, 2008 01:46PM Report Comment

    26. afrobaggie said…
    As of this week I’m with Cornishman, Jack C and Quiet Guy, it does no harm to have a little cash squirrelled away. But let’s hope that push doesn’t come to shove!

    Friday, October 3, 2008 02:06PM Report Comment

    27. nooneo said…
    A friend of a friend of a friend told me………

    The USA is the land of dis-information.

    Your heard it there first.

    Just ‘cos they have a (badly) trained monkey for a president, don’t read too much into this stuff ‘n’ nonsense

    Friday, October 3, 2008 02:12PM Report Comment

    28. theboltonfury said…
    I regard people who read this site as individuals who care about the world, themselves and their families. I encourage you not to insult each other.

    s2r1 doesn’t. He prays for destruction to prove his models and sneers when people committ suicide.

    Friday, October 3, 2008 02:23PM Report Comment

    29. nooneo said…
    I think Denzil summed up perfectly @ 13…..

    What we need is sense, not nonsense.

    Of course that makes me both blinkered and a NWO foil, I know, but someone has to be.

    It’s like Descartes argument:

    “Why not believe in GOD, because you may as well, cos it’ll be too late to know any difference if he don’t exist!”

    Why not believe the banking system, and the whole gamut of modern life is coming to abrupt end, David Icke and Ron Paul really know the score, cos…..

    …. There’s more chance of Spurs winning the Premier League this year than Callamens fifth night destruction ever rearing it’s ugly head….

    (To recap Spurs couldn’t win a prize in a 1 ticket raffle)
    a life-long and loyal spurs fan

    Friday, October 3, 2008 02:26PM Report Comment

    30. malct said…
    nooneo @ 2.26pm
    thank you for steering this post back to the light hearted vane it began in

    but can you please try to stay on topic or at least pretend to.

    Friday, October 3, 2008 02:38PM Report Comment

    31. nooneo said…
    Trouble is Malct, I’m of the opinion that the world is less run by conspiritorial [email protected] than a whole heap of sh!te and put simply sh!te “just happens” and people come to sad conclusions that it’s all been engineered.

    The Iraq war may well have been over oil, or it could’ve been the trained monkey who is their president simply getting mixed up where Alqueda came from and “what the hell, I’ll finish of my daddies work, ‘cos the whole world larfed at him in the first gulf war”

    I simply do not, and will not unless someone actually proves anything to me (please not another youtube video) belive that the US has done anthing other than act extremely irresponsibly in selling debt to non-payers, it’s a fundemental banking flaw, driven by competitiveness and crass stupidity, nothing else.

    Remember, the US of A was soooooo stupid, they actaully thought that they could stay out of “the war in Europe” back in 1939/40

    They were dragged kicking and screaming into the thing when they got they’re asses kicked at Pearl Harbour. They are (like the rest of us) ruled by stoopid morons, half the population believes in fairy dust and creationism.

    They are the political equivalent of Christopher Biggins, not the Spanish Inquisition. They are just children playing with live ammo.

    Friday, October 3, 2008 03:13PM Report Comment

    32. nooneo said…
    Oh, and prohibition allowed organised crime to develop in the middle of the last Wall street crash and depression, not to mention the 36,000 workers in the hemp industry the made redundent overnight in the 30s!!.

    They are simply THICK.

    (well there might be a couple of million who think)

    Friday, October 3, 2008 03:16PM Report Comment

    33. nooneo said…
    Did I mention that Mandelson was a dangerous knob?

    Friday, October 3, 2008 03:18PM Report Comment

    34. sold 2 rent 1 said…

    The ultimate goal of Calleman’s model is “global enlightenment”.
    Unfortunately we have to have a massive destruction period to get there.
    That is what I believe. This is what is happening

    Whilst a banking collapse will be very painful for many, that is the price we will have to pay to be totally FREE. Free from debt enslavement and free from materialism. If we don’t have a total collpase this year then we will have it by 2011.

    I just believe that we are not in total control of all our thoughts. Individual consciousness has to subscribe to the global rules.
    As for the suicide comment, I was not sneering but giving an alternative explanation of how people are not entirely in control of all their actions.

    There is no need to attack me because I have different views

    Friday, October 3, 2008 03:22PM Report Comment

    35. malct said…
    [email protected] etc

    are you aware that both wall st and bank of england financed hitler – historical fact – and no accident

    Friday, October 3, 2008 03:54PM Report Comment

    36. cornishman said…
    Go for it nooneo!

    Friday, October 3, 2008 03:57PM Report Comment

    37. nooneo said…
    malct @ 35
    And mussolini, The russian Tsars and no doubt a coun tless other dictators like Mugabe, Saddam Hussein, we do business with the saudi’s (still do) and we still have financial connections to a whole host of countries that think democracy is a daft concept.

    So what exactly is your point? That the financial system has no morals.

    Yes that’s how the crisis in credit started.

    >>>>>>******>>>>> BREAKING NEWS <<<<<*******<<<<>>>>*******>>>>>> BANKERS HAVE NO SCRUPILS <<<<<<*******<<<<<<< Yes ladies and gentlemen, it's come to this newsdesks attention that banks are [email protected]@rds. Whatever next.... Next thing you'll be telling me is that banks might actually repossess homes and make women and children homeless !!!! Friday, October 3, 2008 04:16PM Report Comment 38. sold 2 rent 1 said... nooneo, "I simply do not, and will not unless someone actually proves anything to me (please not another youtube video)" What is proof? Proof does not exist. Proof in today's world in consensus of opinion. There is no 100pc proof that CO2 causes climate change - just so called consensus of opinion with VI scientists. There is plenty of evidence that suggests WTC7 was a controlled demolition but consensus of opinion says it must have been Al Qaeda. You will never find the proof you are looking for, but one day you may find yourself on the wrong side of the consensus of opinion. Friday, October 3, 2008 04:16PM Report Comment 39. malct said... nooneo it may be the Iraq invasion (mission accomplished) was an attempt to prevent or forestall the financial debacle we have now. Saddam had stopped trading oil in dollars in 2002 (?) whatever, the smirking chimphad no idea what was going on, and still hasn't. Friday, October 3, 2008 04:17PM Report Comment 40. nooneo said... I never said everything happens just by chance or co-incedence but an awful lot of conspiracies are just hogwash. Just remember Prince Philip is a vampire and he arranged Diana's death because he runs MI6 and Diana was going to marry a shopkeeper's son! Friday, October 3, 2008 04:19PM Report Comment 41. malct said... nooneo, with respect, you're sidestepping the issue. The Bank of England made Hitler's war possible. Chech Gold Montague Norman released to Hitler in 1939 came back to London as other metals in the form of bombs. Who controls the Bank of England? or is that just another accident we don't need to explain? Friday, October 3, 2008 04:23PM Report Comment 42. nooneo said... malct @ 39 I doubt very much whether the US is going to be a "net" earner out of Iraq or afghanistan. There is no automatic reasoning that says Iraq is not going to rip itself apart if the US leave (oh, and they will) and the Iraqi oil could easily go to China. America will also get increasingly into trouble if it's petrol is almost half the cost of the rest of the world. sold 2 rent 1 @ 38 WTC - A load of extreme and dodgy people, with morals no better than the US, hijacked a bunch of planes and flew them into the 2 towers. They burned like hell and then fell down. Then another building next to them fell down because of damage sustained by the two buildings falling. Controlled explosion my @rse. Next thing you'll be telling me is that Rod Hull didn't fall of a ladder trying to put up and arial and the Homer Simpson isn't a real man! Oh, and don't mention those dodgy moon landings ! Friday, October 3, 2008 04:29PM Report Comment 43. theboltonfury said... ok S2r1, I apologise Friday, October 3, 2008 04:29PM Report Comment 44. nooneo said... Sold 2 rent 1 @ 38 "but one day you may find yourself on the wrong side of the consensus of opinion." Sorry Sold2Rent1 but the only opinion that really matters to me, is mine. Consensus is for people who need to agree with others. Friday, October 3, 2008 04:32PM Report Comment 45. nooneo said... Malct.... Peopple tried for years to stop a war by appeasing the Nazis. It didn't work. Friday, October 3, 2008 04:34PM Report Comment 46. theboltonfury said... who say the Louis Theroux weird weekend last night about the NWO survivalists in Idaho. That was filmed in 97 and they had all moved to the hills convinced of war before 2000 to me this shows, that what ever times we live in we have problems and these sorts of views appear. Had we had the internet back then I am convinced the blog would look a lot like this one Friday, October 3, 2008 04:36PM Report Comment 47. malct said... nooneo wall st and BoE tried for years to create a war by financing Hitler - and it worked! Friday, October 3, 2008 04:41PM Report Comment 48. nooneo said... Touche Malct. I doubt you not. Much as I love (and I mean it) to chat and debate on here with you chaps, it's a lovely evening here in Derbyshire and I'm off for a country walk with the missus and then to a local hostelry for a swift half so I'll have to pick this one up later.... Did I mention Mandelson is still a dangerous knob !!! Friday, October 3, 2008 04:45PM Report Comment 49. malct said... thanks cornishman, but let's keep it civil and on topic eh? nooneo, I agree with you somewhere along the line but I'm not sure which bit. It's certainly not homer or wtc7. You've obviously been exposed to too much of both. Friday, October 3, 2008 04:46PM Report Comment 50. malct said... nooneo - yes you did - again Friday, October 3, 2008 04:47PM

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  • nooneo

    you are one crazy man

    like I said – resistance is futile

    we will win

    thank you for being a part of what ever this is

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  • Malct..

    My mum (gawd bless her) always said…

    Nooneo, it always helps to be a little bit crazy….

    ….Then when the men in white coats come….

    …sorry wrong anecdote….

    I am convinced that in the end that “we shall overcome…..”

    And my my mum did say that knowing your a little crazy is a great antidote for those who think they are sane but in fact are completely barking (like Tony Blair, George Dubble-ya and The Ayatollah Khomeni) but wear suits and convince the population that they really know what they are talking about (Crash Gordon) or are a “man with a plan” (Cameron – what a cheesy, slimey git)

    To be perfectly frank, I bet you could take 10-20 of the best/good writers/speakers/orators from this blog and have a better chance of having an effective set of cabinet ministers han any of the mainstream parties.

    That statement is purely based on the fact that all politicians are liars and self serving miscreants, whereas most of the peeple who post on here are genuine and trying to fathom the truth from the absolute BS we are fed on an hourly/daily basis.

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  • Guy’s thanks for the re-post, hardly surprising it got pulled, maybe it strayed slightly off topic (LOL).

    I still think despite the US Senate vote we should keep a healthy stash of cash (as per my previous posts)

    Picking up on nooneo’s point – “I bet you could take 10-20 of the best/good writers/speakers/orators from this blog and have a better chance of having an effective set of cabinet ministers than any of the mainstream parties” – quite agree, and in fairness one or two people have made this point before – lets be honest you wouldnt have to try very hard to come up with a better system/agenda than the one we currently have – Sooty & Sweep could do a better job than the present incumbents.

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  • Jack c @ 6

    “Sooty & Sweep could do a better job than the present incumbents.” – I’m still larfing jack c

    But let’s not forget Sue, she’ll be livid when she knows you forgot her !

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