MIKE

Presenting The Exchange Stabilization Fund In 5 Parts: Is This The Real “Plunge Protection Team”?

Michael Piromgraipakd — Sun, 01 Jan 2012 11:46:18 +0000

by Tyler Durden January 1, 2012 ZeroHedge When it comes to the fabled President’s Working Group on Capital Markets, also known as the Plunge Protection Team, the myths about the subject are certainly far greater than any underlying reality. To be sure, vast amounts of popular folkflore has been expounded into the public arena, [...]

A Run On The Global Banking System – How Close Are We?

Michael Piromgraipakd — Wed, 28 Dec 2011 00:26:23 +0000

by Gonzalo Lira December 27, 2011 ZeroHedge Nine weeks after its bankruptcy, the general public still hasn’t quite realized the implications of the MF Global scandal. My own sense is, this is the first tremor of the earthquake that’s coming to the global financial system. And how the central banks and financial regulators treated [...]

A Christmas Message From America’s Rich

Michael Piromgraipakd — Tue, 27 Dec 2011 07:32:28 +0000

by Matt Taibbi December 22, 2011 Rolling Stone It seems America’s bankers are tired of all the abuse. They’ve decided to speak out. True, they’re doing it from behind the ropeline, in front of friendly crowds at industry conferences and country clubs, meaning they don’t have to look the rest of America in the [...]

Morgan Stanley On Why 2012 Will Be The “Payback” For Three Years Of “Miracles” And A US Earnings Recession

Michael Piromgraipakd — Sat, 24 Dec 2011 00:37:00 +0000

by Tyler Durden 12/23/2011 ZeroHedge Yesterday, we breached the topic of the real decoupling that is going on: that between the macro and the micro (not some ridiculous geographic distribution of the US versus the world), by presenting David Rosenberg‘s thoughts on why Q4 GDP has peaked and why going forward it is energy prices [...]

Legality Of MF Global Asset Transfer Questioned

Michael Piromgraipakd — Wed, 21 Dec 2011 20:50:36 +0000

by Mark H. Melin December 21, 2011 ZeroHedge Commodity Customer Coalition founder James Koutoulas is requesting that MF Global bankruptcy Judge Martin Glenn investigate three potential legal issues that are said to have occurred in transferring of MF Global assets. The key issues include the fact that JP Morgan was able to purchase MF [...]

Gold and Silver Fraud Scheme Revealed

Michael Piromgraipakd — Wed, 21 Dec 2011 00:07:47 +0000

by Michael Maloney December 19, 2011 WealthCycles.com Just last week we wrote about the dangers that MF Global revealed in the global banking system. The basic idea is that MF Global and probably every other Wall Street bank is gambling with their clients’ wealth. What’s clearly a fact is that these firms’ fiduciary responsibility is [...]

Positioning To Profit From The Pan Asia Gold Exchange

Michael Piromgraipakd — Tue, 13 Dec 2011 09:30:22 +0000

by Sol Palha December 7, 2011 Seeking Alpha China is getting ready to challenge the hegemony/monopoly of the London Metals exchange and COMEX in New York. The Pan Asia Gold exchange (PAGE) is set to open in June 2012, and after that things might never be the same again. Six major Chinese banks will fix [...]

Physical Silver Metal Becoming Scarce

Michael Piromgraipakd — Mon, 12 Dec 2011 22:39:08 +0000

We are at an economic crossroads like we’ve never seen in the history of the world. Oil production and Silver production have both hit their peaks and we are sliding on the down slope. As Oil peaks we will be moving into alternative power sources here in the U.S. and solar remains the preeminent option [...]

$707,568,901,000,000: How (And Why) Banks Increased Total Outstanding Derivatives By A Record $107 Trillion In 6 Months

Michael Piromgraipakd — Tue, 29 Nov 2011 03:02:57 +0000

by Tyler Durden 11/26/2011 ZeroHedge While everyone was focused on the impending European collapse, the latest soon to be refuted rumors of a quick fix from the Welt am Sonntag notwithstanding, the Bank of International Settlements reported a number that quietly slipped through the cracks of the broader media. Which is paradoxical because it is the biggest everreported [...]

Germany Sells 150,000 Troy Ounces Of Gold In October… But Not Why You Think

Michael Piromgraipakd — Wed, 23 Nov 2011 21:03:30 +0000

by Tyler Durden 11/23/2011 14:52 -0500 ZeroHedge Earlier this morning the anti-gold brigade was foaming in the mouth on the news that the German central bank had for the first time in a year sold gold. As it turns out they were half right: the bank indeed sold gold: a ‘whopping’ 150,000 toz or about [...]