JI
jimkane
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And here's how the game is played. I think there is still more to it, in that they will also trickle out some at these inflated prices to suckers, somehow, without messing up what is explained below. And, perhaps, find a way to borrow against that $6 billion market cap. In any event, I'd be surprised if they didn't walk away with at least a billion. Then, when the SEC comes for them (recall, the SEC is not an enforcement agency and can't put anyone in jail no matter what they do), they will be gone, with the money. The last article showed that the address in Belize doesn't even exist. And that billion has to come from somewhere. Ultimately I can just about personally guarantee it will come from you and I, somehow, someway...
JI
jimkane
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Posts: 33,089
How about that read?
Originally posted by jimkane
As an aside, crude is set up for a bounce in here on the daily. If it doesn't bounce, that tells me something.
JI
jimkane
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Posts: 33,089
Doing my usual check on my bathroom break, and the long is looking really good. I'm not going to put myself through what I did last night (I don't regret it, though, it was a great night), or at least I don't plan to. But a good chunk of the time since that last post was used to catch up on some sleep.
JI
jimkane
Rep: 3,058
Posts: 33,089
So, this is what recovery looks like in 'exceptional' AmeriKa? 2008 was the 'wave 1' (crisis-wise), and I have less than zero doubt 'Wave 3' is going to be quite an extended wave, not one of those 1.618 multiples of 'Wave 1' (again, in severity of crisis, not stock market values). I've been saying for a long time now "America is gone". Now I see I'm not the only one. The whole planet is gone.
If any written history survives (something I'm not so sure about), they will look back at this period, of when we were in the eye of the storm, a storm that gained a tremendous amount of strength while we were in the eye, and muse about how no population in history has ever deluded themselves this much (not just the U.S, but the world, as I see Europe being a bit worse off than we are (yes, I think, mathematically, that's the case), and Japan and China as complete jokes). They will wonder how we could even do this, pretend we are fine when the world was burning around us (normalcy bias to the umpteenth power), waste the only chance we had to salvage something, and we just sat back, let the power-mongers make it a lot worse, loot us fully and completely.
But, I've come to conclude it just has to play out this way. Something worse then WWII and all that suffering just is in the cards, it has to happen. It has to, because we didn't do anything to stop the groundwork from being laid over the decades. Bye, Bye, AmeriKa, and world. Bye-Bye.
http://www.theburningplatform.com/2014/07/10/shock-report-70-million-people-would-be-starving-in-the-streets-without-government-welfare-programs/
If any written history survives (something I'm not so sure about), they will look back at this period, of when we were in the eye of the storm, a storm that gained a tremendous amount of strength while we were in the eye, and muse about how no population in history has ever deluded themselves this much (not just the U.S, but the world, as I see Europe being a bit worse off than we are (yes, I think, mathematically, that's the case), and Japan and China as complete jokes). They will wonder how we could even do this, pretend we are fine when the world was burning around us (normalcy bias to the umpteenth power), waste the only chance we had to salvage something, and we just sat back, let the power-mongers make it a lot worse, loot us fully and completely.
But, I've come to conclude it just has to play out this way. Something worse then WWII and all that suffering just is in the cards, it has to happen. It has to, because we didn't do anything to stop the groundwork from being laid over the decades. Bye, Bye, AmeriKa, and world. Bye-Bye.
http://www.theburningplatform.com/2014/07/10/shock-report-70-million-people-would-be-starving-in-the-streets-without-government-welfare-programs/