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grumpy-old-man

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Everything posted by grumpy-old-man

  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

    HYPERINFLATION

    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

    GOLD

    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

    SILVER

    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

    GOLD

    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

    SILVER

    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.
  12. grumpy-old-man

    GOLD

    agreed fitkid. try not to get banned, otherwise we will miss your input.
  13. grumpy-old-man

    GOLD

    Hi chris ct, same comment as I said to Schaublin, plus: I agree it feels like any day now. My comment was aimed at the posters who have mocked me over the last 2 years tbh. Plenty have called me a troll or conspiracy nut, just proving I am not. Everything is coming true, all that was predicted from a monetary pov (of which I always acknowledge those that helped me get to this point).
  14. grumpy-old-man

    GOLD

    Hi Schuablin, you know me well enough to know that I wasn't really looking for any type of accolade, I was just making a point.
  15. grumpy-old-man

    SILVER

    they did that once with me, (charged me 7%vat ) but emailed me back the next day to let me know that they got the price wrong....it was on a sizeable order also.....bu55er.
  16. grumpy-old-man

    SILVER

    yes indeed, with property/land down at least another 60% from todays prices also.......
  17. grumpy-old-man

    SILVER

    BNP Paribas have buys physical silver at $20.58.... http://AgAuPM.com/bnp-paribas-buys-physical-silver-at-20-58 now what does this tell you ? It should be screaming at you....... you should be very worried if you are sitting in dollar or sterling fiat imo.
  18. grumpy-old-man

    GOLD

    I keep posting all these great articles & links & yet virtually no replies (I think I have had one reply in 4 threads), makes you wonder who really is fully in & who really has any physical metal imo. anyways......another nice article for you all to enjoy: http://www.marketwatch.com/story/gold-futu...obex-2010-09-20 At the moment, there is a “lack of major news to prevent a sell-off in gold,” said Chintan Karnani, chief analyst at Insignia Consultants in New Delhi. He referred to gold’s current rise as “too much money chasing too few goods.” “Investors are invested in gold ... and they are not exiting their gold investments,” he said, pointing out that “fundamental gold is bearish as there is no demand, but gold has now become a paper asset.” obviously it won't be a striaght line to the top: But “technically overbought conditions exist” in the gold market and “a correction of $50-$60 should happen anytime before the next leg higher to $1,376,” Karnani said.
  19. grumpy-old-man

    HYPERINFLATION

    more detail: From:
  20. grumpy-old-man

    HYPERINFLATION

    massive put options for October. The whisper is that this amount/level of puts apparently happened just before 9/11: http://www.godlikeproductions.com/forum1/message1196107/pg1 the guys voice though is INCREDIBLY annoying, if you can endure the tone & style of his voice for 1 min & 49 seconds....trust me it's hard...the detail (if it's true) is worth it. I am not a trader so I don't personally know if the put/call options are huge & if they definetly have been placed, just going by various sites around the net discussing it. Also I don't know what the ratio for the puts to calls is. My limited understanding of this (me being just a Trainee Technical Analyst ) is that if the puts are a lot larger than the calls then this means a crash, if it's the other way around it's bullish). I am assuming it means crash & hyperinflation......obviously. From:
  21. grumpy-old-man

    OIL DISASTER: Worse than we are Being Told?

    finally sealed.......again....
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