Use access key #2 to skip to page content.

Covering Short Positions on Monday. Helicopter Ben is Airborne?



September 28, 2008 – Comments (7) | RELATED TICKERS: SKF , DRYS , AMSC

"If the American people ever allow private banks to control the issue of their currency, first by inflation then by deflation, the banks and the corporations that will grow up around them, will deprive the people of all property until their children wake up homeless on the continent their fathers conquered." 

- Thomas Jefferson 

"We privatized the profits and socialized the losses."

-Mayor Michael Bloomberg

“Give me control of a nation’s money, and I care not who makes her laws”

Rothschild, Meyer: merchant banker, 1836

"Calls to Democrats are evenly split between "no" and "hell no."

Congressman Brad Miller (D-NC) Carolina said on  24 SEP 08, about the bail out.

Helicopter Ben is doing what he was hired to do. PRINT MONEY! Printing money will cause the market to go up. The best example is Zimbabwe. The bear market was due to the the FED tightening. Now, Congress will buckle to pressure to Print enough money to recapitilize FDIC, allow King Henry Paulson to bail out his friends, gambling partners, etc....  

Inflation benefits DC and Wall Street, they have access to the money first. The eighth largest bank went under on WaMu, JPM SEIZED the deposits! (Long position JPM?).

Even though WaMu went under the market rallied? Helicopter Ben is likely airborne. 

Any Financial or stock that rallied on Friday, I would cover my Short position. Those stocks are likely to benefit from King Henry and Helicopter Ben's largess.

I will likely cover my SKF. 

  FYI - Forbes. (Stolen from Gary North)

In fact, some of the most basic details, including the $700 billion figure Treasury would use to buy up bad debt, are fuzzy.

"It's not based on any particular data point," a Treasury spokeswoman told Tuesday. "We just wanted to choose a really large number."

FYI - American Max Keiser about Laundering $700 Billion to TEHRAN News? 


7 Comments – Post Your Own

#1) On September 28, 2008 at 10:09 AM, lquadland10 (< 20) wrote:

They are blocking free speach again.

Report this comment
#2) On September 28, 2008 at 10:24 AM, lquadland10 (< 20) wrote:

Report this comment
#3) On September 28, 2008 at 11:14 AM, lquadland10 (< 20) wrote:

just on my computer please watch

Report this comment
#4) On September 28, 2008 at 11:19 AM, lquadland10 (< 20) wrote:

Report this comment
#5) On September 28, 2008 at 11:27 AM, lquadland10 (< 20) wrote:

Report this comment
#6) On September 28, 2008 at 12:53 PM, Harold71 (< 20) wrote:

I've covered SKF, the banks won't have the losses anymore.  You and I will.  So their fate is not quite as dire, perhaps. I will short the indexes at an appropriate time.  If our communist gov't allows it of course.

Everyone loves an early inflation. The effects at the beginning of inflation are all good. There is steepened money expansion, rising government spending, increased government budget deficits, booming stock markets, and spectacular general prosperity, all in the midst of temporarily stable prices. Everyone benefits, and no one pays. That is the early part of the cycle. In the later inflation, on the other hand, the effects are all bad. The government may steadily increase the money inflation in order to stave off the latter effects, but the latter effects patiently wait. In the terminal inflation, there is faltering prosperity, tightness of money, falling stock markets, rising taxes, still larger government deficits, and still roaring money expansion, now accompanied by soaring prices and ineffectiveness of all traditional remedies. Everyone pays and no one benefits. That is the full cycle of every inflation.
-The Dying of Money, by Jens O. Parsson

Based on money supply data and my own sources, the "early inflation" commenced around 1995.  Terminal inflation is here, the gov't is doing exactly as expected, and the latter effects patiently wait.

Report this comment
#7) On September 29, 2008 at 2:13 PM, Harold71 (< 20) wrote:

We got a blackhawk down -- We got a blackhawk down!

Report this comment

Featured Broker Partners