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About grumpy-old-man

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    Millennium man

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  1. just breaking..... http://www.komonews.com/news/national/103446974.html "Italian police seize $30M from Vatican in probe" "VATICAN CITY (AP) - Italian authorities seized euro23 million ($30.18 million) from a Vatican bank account Tuesday and said they have begun investigating top officials of the Vatican bank in connection with a money laundering probe. The Vatican said it was "perplexed and surprised" by the investigation. Italian financial police seized the money as a precaution and prosecutors placed the Vatican bank's director general and its chairman under investigation for alleged mistakes linked to violations of Italy's anti-laundering laws, news reports said." on noes........
  2. err, just to let you all know, if cdswamp has passed me anything, then I acknowledge it in the post. The vast majority of stuff I have been posting lately is from old GOM, not just a pretty face you know.
  3. rather than clutter your thread, I have put a link below because I want you to read an article that will definetly be useful for you. cdswamp (swampy) has explicitly recommended this for you catflap. http://www.greenenergyinvestors.com/index....st&p=184432
  4. grumpy-old-man


    passed to me by cdswamp (swampy), especially for those of a Technical Trading Analyst nature. I'm still a trainee... http://globalresearch.ca/index.php?context=va&aid=21099 "The Global Too Big To Fail Banks are so precarious that literally anything can trigger a collapse in the coming months. I have read recent commentaries on Basel III posted to various renowned websites and financial publication, but they missed (or deliberately misled) the underlying message of the proposals, the implementation of which will be delayed till 2017 and some till 2019. Basel III is pure spin and its timing was to assuage the deep-seated fears that there are no solutions in sight to save the fiat money system and fractional reserve banking. THE PROBLEM The major global banks are all under-capitalised and this was all too apparent when Lehman Bros. collapsed. Banks were borrowing so much and so recklessly to play at the global casino that when the bets went sour, they were staring at a black-hole in the $trillions. In fact the banks are all insolvent. The problem was compounded when the central bankers (all are corrupt without exception) and regulators turned a blind eye to how bankers defined what constituted “capital” so as to circumvent the need to maintain the capital ratio. THE BASEL III SOLUTION At its 12 September 2010 meeting, the Group of Governors and Heads of Supervision, the oversight body of the Basel Committee on Banking Supervision, announced a substantial strengthening of existing capital requirements and fully endorsed the agreements it reached on 26 July 2010. These capital reforms, together with the introduction of a global liquidity standard, deliver on the core of the global financial reform agenda and will be presented to the Seoul G20 Leaders summit in November. The Committee’s package of reforms will increase the minimum common equity requirement from 2% to 4.5%. In addition, banks will be required to hold a capital conservation buffer of 2.5% to withstand future periods of stress bringing the total common equity requirements to 7%. This reinforces the stronger definition of capital agreed by Governors and Heads of Supervision in July and the higher capital requirements for trading, derivative and securitisation activities to be introduced at the end of 2011. Increased capital requirements Under the agreements reached, the minimum requirement for common equity, the highest form of loss absorbing capital, will be raised from the current 2% level, before the application of regulatory adjustments, to 4.5% after the application of stricter adjustments. This will be phased in by 1 January 2015. The Tier 1 capital requirement, which includes common equity and other qualifying financial instruments based on stricter criteria, will increase from 4% to 6% over the same period." much, much more in that great article.
  5. grumpy-old-man


    some are even starting to get worried about physical allocation in Bullion Vault. This is a sign of the times isn't it...... https://www.kitcomm.com/showthread.php?t=67184
  6. grumpy-old-man


    This is an extremely interesting read, lot's of anecdotal, so if you tend not to like anecdotal then don't read it. https://www.kitcomm.com/showthread.php?t=67211 It follows on from some of those recent vids I posted. Daystar's comment (3rd post) is very interesting & also post number 7 imo. You need to be well read in the right areas to understand this though. Enron style accounting was all lost in building number 7 you know, handy that. I wonder how they will lose the paper trail this time ??
  7. grumpy-old-man


    Hi RH, Errr......we are in a hyperinflation, right at the early stages imo......remember that brilliant chart & data from FOFOA that Steve Netwriter posted a few weeks ago, well the US & UK one will look very similar, the problem is that (as with most data), it comes out after the event has happened. Far too late for the majority. I like to be a minority case, contrarian as per usual.
  8. grumpy-old-man


    more & more info on the possibility on shortage of physical silver: The Bank of Nova Scotia in their year end filings show a monstrous negative to its position on silver and gold: "from Adrian Douglas of Lemetropolecafe.com: I wouldn't mind betting that Scotiabank doesn't like the attention that it got courtesy of GATA that they didn't have Harvey Organ's silver in 2008 that they were supposed to be storing. Just for the record if anyone doubts the Harvey Organ anecdotal evidence here is some compelling evidence on the precious metals predicament of Scotiabank in 2008 from their very own accounting: BANK OF NOVA SCOTIA ANNUAL REPORT http://scotiabank.com/images/en/file...otia/19578.pdf Here is an extract from the Bank of Nova Scotia 2009 Annual report. Liabilities for gold and silver certificates 5.619B$ and Precious Metal assets 2.426B$.in other words naked short 3.18B$ by their own accounting! The price of precious metals would be very different if this 3.2 B$ of customer money paid to them for buying PM's had actually gone to making real purchases of physical metal. They were 1.94 B$ net short of PM's in 2007 also." Here another good link: http://harveyorgan.blogspot.com/2010/09/se...commentary.html if you scrol down past the charts'n'stuff, you will come across this: "Adrian Douglas reports: From what I hear the premiums over spot for immediate delivery in the London market have increased dramatically such that some buyers are motivated to buy on Comex which allows buying without paying a premium. It will be interesting if the shorts can deliver silver to them because these are not speculators playing for cash gains; these are serious bullion buyers. The OI together with the issued delivery notices indicate the potential amount standing for delivery could be 13.5 Mozs or 25% of the dealer inventory. In gold, we are also hearing the same story."
  9. you will get bullish comments already towards physical metals Sandster. but we are now at the very early MSM stages of the metals bull run......imo..... dodgy dollar & turdling on the other hand....
  10. what do you both think of this that I poosted in the hypoerinflation thread. No-one has commented on the 2 videos:
  11. grumpy-old-man

    UK proposes pay all wages to government first

    Hi TB, when Fringe starts going mainstream......... makes you wonder what other things we have been warning about might/will come true, doesn't it.