Tuesday, September 23, 2008

The Patriot's Act of Finance

As I sit here on the beach. I ponder about the largest financial power grab attempt by any executive branch of the US government - the US$1 trillion plan, that will give the US treasury power to decide on how to allocate the money without legislative nor judicial over sight, by disabling it with this law.

This might as well be written by the National People's congress.

I am going to call this "The Patriot's Act of Finance" from now on. The law that will jammed down with overwhelming support and much regrets.

This is truly the beginning of the complete re shuffle of the global finance industry.

Just look at crude oil and other hard assets. Even my much abused silver is making a comeback.

6 comments:

  1. just thought I would not see any post here b4 Sept 28 ...

    well ... i will say everything is ready for another bull on gold/silver ... and the "East wind" should be not too far away ... haha

    ReplyDelete
  2. SUBJECT: REQUEST FOR URGENT BUSINESS RELATIONSHIP

    DEAR AMERICAN:

    I NEED TO ASK YOU TO SUPPORT AN URGENT SECRET BUSINESS RELATIONSHIP WITH A TRANSFER OF FUNDS OF GREAT MAGNITUDE.

    I AM MINISTRY OF THE TREASURY OF THE REPUBLIC OF AMERICA. MY COUNTRY HAS HAD CRISIS THAT HAS CAUSED THE NEED FOR LARGE TRANSFER OF FUNDS OF 800 BILLION DOLLARS US. IF YOU WOULD ASSIST ME IN THIS TRANSFER, IT WOULD BE MOST PROFITABLE TO YOU.

    I AM WORKING WITH MR. PHIL GRAM, LOBBYIST FOR UBS, WHO WILL BE MY REPLACEMENT AS MINISTRY OF THE TREASURY IN JANUARY. YOU MAY KNOW HIM AS THE LEADER OF THE AMERICAN BANKING DEREGULATION MOVEMENT IN THE 1990S. THIS TRANSACTIN IS 100% SAFE.

    THIS IS A MATTER OF GREAT URGENCY. WE NEED A BLANK CHECK. WE NEED THE FUNDS AS QUICKLY AS POSSIBLE. WE CANNOT DIRECTLY TRANSFER THESE FUNDS IN THE NAMES OF OUR CLOSE FRIENDS BECAUSE WE ARE CONSTANTLY UNDER SURVEILLANCE. MY FAMILY LAWYER ADVISED ME THAT I SHOULD LOOK FOR A RELIABLE AND TRUSTWORTHY PERSON WHO WILL ACT AS A NEXT OF KIN SO THE FUNDS CAN BE TRANSFERRED.

    PLEASE REPLY WITH ALL OF YOUR BANK ACCOUNT, IRA AND COLLEGE FUND ACCOUNT NUMBERS AND THOSE OF YOUR CHILDREN AND GRANDCHILDREN TO WALLSTREETBAILOUT@TREASURY.GOV SO THAT WE MAY TRANSFER YOUR COMMISSION FOR THIS TRANSACTION. AFTER I RECEIVE THAT INFORMATION, I WILL RESPOND WITH DETAILED INFORMATION ABOUT SAFEGUARDS THAT WILL BE USED TO PROTECT THE FUNDS.

    YOURS FAITHFULLY MINISTER OF TREASURY PAULSON

    ReplyDelete
  3. 柏文兄:
    中國會慢慢減少買美債,而增加買入黃金?
    對金價一定會有好大程度的提升作用?
    美國國會一定會通過救市方案,
    而家只係係道拉布。
    如果到時美國發債唔多受歡迎,
    咁係咪表示中國日本已改變態度,
    減美債,增其他。如歐債,石油,黃金?

    ReplyDelete
  4. another "black swan" huh ?

    when almost all ppl believe in USD so much but it collapsed ... wow ...

    ReplyDelete
  5. When a country keep printing money hot off the press every single second, it means that currency has been deflated to an extent that no one would want that currency..Many years ago we saw Zimbawe having multi billions of dollar bills to buy 1 loaf of bread. This is an EXTREME to inflation and that currency is NOT a MAJOR CURRENCY. With USD, it is considered to be a GLOBAL currency and it is backed by nothing but the USA GOVERNMENT..REMEMBER in the old days or ask your parents or grandparents, we called USD as US GOLD in Cantonese or Mandarin ? Since 1977, They are NOT US GOLD anymore but they are just a bunch of DEBT that ties with the government. All they have is the creditability of it (Credit Rating can be a JOKE !!!) and No Hard Asset Backed that currency. Thats why now as our generation, we called USD as US Yuan not US Gold...If they decide to print more money and bailout more institutions, automakers, airlines and other stuff...USA will become the most socialist government we ever seen in your life and with its worthless paper, the government will need to tie their currency to a hard asset in order to regain trust and confidence for people to use that money !!!

    ReplyDelete
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