Here is a video of Jim Cramer explaining how manipulated these markets are and pretty much explaining how big of a scumbag he is. I am very surprised that this video has not really taken off and become viral in the internet world. Now that it’s on TnT Group’s blog it may just happen!!
Marc Fabor, of GloomDoomBoom.com, was on CNBC this morning. I couldn’t agree more with pretty much everything he said on the show. Whether that be his remarks on the Japanese Yen and it’s possible meltdown or his absolutely straight forward remarks about Bernanke not understanding the world economy and only paying attention to the S&P’s. I also loved his sarcastic remarks when he mentioned QE8 and then immediately corrected himself and apologized because he meant QE18. Really good stuff, take a look.
A few videos to take you through the weekend as Mubarak has finally, after 18 days of constant protests, stepped down in Egypt.
Scenes from Egypt moments after Mubarak stepped down. An incredible video of the jubilation that the Egyptians are feeling:
President Obama talking about the historic events that we have seen in Egypt:
Possible future of Egypt and what is the next step:
After the European Central Bank left interest rate unchanged, President of the ECB Jean Claude Trichet dropped a nugget onto the markets that they are seeing upward inflation pressure. He noted however that it is mostly due to energy prices. Take a look if you have not seen or heard his speech.
I welcome the fact that somebody has finally come out and mentioned that they are seeing inflation. How can we not be seeing some form of it with oil trading over $90, gold still above $1300 and food prices through the roof. Hard to believe it has taken this long for a central banker to come out and mention we may be seeing some upward inflation pressures.
These are becoming a sort of cult following for people. This particular one has to be right up there with the most hilarious of them…..make it rain, models and bottles.
Pretty interesting video. This was posted on youtube about a month ago, so many of you may have seen it, but for those that haven’t it is quite interesting. The video may be a bit over the top, however we have seen what can happen in these markets and with everything that the is happening in the world and what our government is doing these results are not out of the realm of possibility.
One of our friends that we made through our automated prop deal sent me this last night. It is the documentary of WikiLeaks and Julian Assange.
Much has been made of WikiLeaks and their ability to bring down large US banks if the information they have is ever leaked. I personally hope it is and we have some truth and transparency to our world and how big business operates.
Most of this video does not have to do with banks or the economy but what is shown, some gruesome, makes you absolutely wonder what they have on the banks or what information might they have that could affect our economy.
However you may feel, it is still worth while to take a look at this documentary and get a feel for WikiLeaks and Julian Assange alike. It is a fairly long video but worth it if this type of thing fascinates you. Enjoy.
Bernie Madoff’s son, Mark Madoff, commited suicide on the 2nd anniversary of his father’s imprisonment.
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