Profile and commentaries of frankkarl
frankkarl
Member since October 2011
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36 commentaries, with 1 Reply
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Average Note : 91 / 100 for 26 rated commentaries  136  13 
Last commentary posted on Wednesday, September 25, 2013
 
 Profile Commentaries Followed By Following 
 JS Kim - Smart Knowledge U
World Bank Whistleblower Karen Hudes: The World Will Reject Central Bankers, Part II  (7)
I agree that a new currency might be backed PMs or a basket of goods. But I think it irrelevant if the control and issuance of the currency remains in the hands of private bankers serving their private interests. The issuance and control of currency must be returned to the people. In that instance it might be wiser to avoid a gold backed currency unless we have acquired a proper accounting of reserve gold. Other...
9/25/2013 at 5:00 PM  3  0  Rating :  3 1 AnswerPermalink
 Frank Shostak
Should Bernanke Park the Helicopter  (1)
" SEWER PUMP BEN " This reference to helicopter ben in a misnomer since it implies dropping currency at random. This has never and will never happen. The fed will not have main street picking up the capital before wall street first has it's chance to profit. It would be more appropriate that ben's actions be under the banner of " sewer pump ben ". Sure, the people pay for the pump and it's operation, but the...
4/12/2013 at 5:47 PM  1  0  Rating :  1 Permalink
 Steve Keen - Debt Deflation
EU’s Cyprus madness should be resisted  (6)
Steve, Has the damage already been done? What are Cypriot account holders going to think even if they are told this theft will not proceed? OK, everything is great now. Let's go on as if this threat had never happened, or? A bank run will likely occur in either regard. I think the worst of all will happen . The money will be stolen, and a bank run will occur. The banksters will figure out that it is better to st...
3/19/2013 at 6:32 PM  2  0  Rating :  2 Permalink
 Jesse - Le Café Américain
Robert F. Kennedy On the Death of Martin Luther King, And His Own Last Words  (1)
Avenge JFK!
1/21/2013 at 8:12 PMPermalink
 Mish - Global Economic Analysis
Fed Governor Proposes Reorganizing Banks Deemed "Too Big to Fail"  (2)
More bunk from the `bunksters`. With that moron Sandy Weill in tow. Sure, let`s strip out well financed real banks from these derivative monoliths and give them back to the corrupt a-holes that began this banking debacle. We`ll call this `restructured into multiple business entities `. And the balance of risk assets, well, we`ll figure out how to socialize those losses in due course. Must save our buddies first!...
1/21/2013 at 6:48 PM  1  0  Rating :  1 Permalink
 Andy Hoffman
Are We A Nation Of Deadbeats or Apple Owners  (1)
A nation of deadbeats? No. A nation run by deadbeats? Yes.
1/17/2013 at 11:23 PMPermalink
 James Howard Kunstler
Snake Garden  (21)
Americans have been turned into neutered pacifists on their own soil while their puppet masters wage war around the world. The Nov.6 choice between Schmuck 1 and Schmuck 2 is irrelevant since they are indistinguishable, by your choice. Why don`t you all collectively whine about the presidential debate commission. OK, everybody, whine!
or,
Send a brief note to Anheuser Busch, the primary supporter of the ...
10/22/2012 at 11:54 PM  7  2  Rating :  5 Permalink
 Peter Schiff - Euro Pacific Capital
Inflation: Washington is Blind to Main Street's Biggest Concern  (6)
The Fed is not going to do anything favoring employment or limiting inflation unless it firstly serves their banking interests. Period. If you think otherwise Peter, I have some waterfront property to sell you. Get your head out of the sand. Try criticizing the populace for a change. The new American motto of " short term gain, long term pain" is the problem. Not the Fed. You can whine about the Fed every day ye...
10/16/2012 at 6:35 PM  1  1  Rating :  0 Permalink
 Ron Paul
Keeping Up Statistical Appearances  (15)
Congratulations America. You are about to enjoy your one day of democracy for each 4 years of fascism. Enjoy. And by the way, if anyone has noticed, that one day of democracy is limited to a choice between two morons to the exclusion of any other candidates. Yup, US democracy is great.
There were times when politicians of integrity stood firmly behind the people. " Ask not what your country can do for you, a...
10/16/2012 at 6:10 PM  6  0  Rating :  6 Permalink
 Steve Saville - Speculative Investor
The Fed is the Great Enabler  (9)
" the Fed is either stupid, or evil, or stupid and evil. There is no fourth possibility that makes any sense."

How about this for a fourth possibility. The Fed is a private banking cartel whose mandate is to protect and enhance the banking establishment. No evil, no stupidity, just doing what they were created to do! Those who profit from the system and those dependent upon it's favors will pose no oppo...
9/25/2012 at 5:10 PM  1  0  Rating :  1 Permalink
 Peter Schiff - Euro Pacific Capital
Operation Screw  (16)
Blah, blah, blah. Sorry Peter. But you continue to address the Fed issues with the same willful ignorance of the basic fact that the Fed represents the bankers, not the people. The Fed is not there to create employment, manage interest rates and guide monetary policy. That is what they tell us. If you measure the Feds actions against it's words the same answer will repeat. The Fed is there to protect the banks a...
9/16/2012 at 5:54 PM  2  2  Rating :  0 Permalink
 James Howard Kunstler
Zeitgeist Failure  (52)
About Glass Steagall, the banksters are repenting of late. Seems they may be changing their minds. Don`t be fooled. They would gladly have their casinos dismantled ( under the guise of law ) so as to separate the old Glass Stegall banks from their post GS derivative pits. They want a new law giving them their failed banks back. Opps, a do over. Beware, any version of Glass Steagall causing the casinos to disman...
9/10/2012 at 5:07 PM  38  5  Rating :  33 Permalink
 Bob Hoye - Institutional Advisors
'Good Vibes' Have Appeared Again  (1)
Bob, regarding Glass Steagall, the Schmellnick Banksters are repenting of late. Seems they may be changing their minds. But don`t be fooled. They would gladly have their casinos dismantled ( under the guise of law ) so as to separate the old Glass Steagall banks from their post GS derivative pits. They want a new law giving them their failed banks back. Opps, a do over. Then they will take credit for saving the ...
8/17/2012 at 3:59 AM  4  0  Rating :  4 Permalink
 Michael Pento - Delta Global Advisors
The Bernanke Cliff  (3)
How many bernank bucks will it take to buy one ounce of gold if the bernank prints bucks?
8/15/2012 at 8:16 PMPermalink
 Andy Hoffman
Leaving the Sandbox  (1)
The new Glass Stegall will be delivered to you, whether voluntarily by the casinos or mandated by new law, under the schmedia guise of SAVING THE BANKING SYSTEM!!! Be aware. The banksters are maneuvering themselves into another bailout.
8/9/2012 at 10:49 PM  11  0  Rating :  11 Permalink
 Andy Hoffman
Leaving the Sandbox  (1)
Andy, regarding Glass Stegall, the Schmellnick Banksters are repenting of late. Seems they may be changing their minds. But don`t be fooled. They would gladly have their casinos dismantled ( under the guise of law ) so as to separate the old Glass Stegall banks from their post GS derivative pits. They want a new law giving them their failed banks back. Opps, a do over. Then they will take credit for saving the ...
8/9/2012 at 9:54 PM  10  0  Rating :  10 Permalink
 Frank Shostak - Mise.org
JPMorgan Chase and Central Banking  (5)
Maybe you could help me understand the derivatives issue. Around $70t for JP alone. I understand that when these instruments are purchased or sold there is a commission involved which is booked real time within the bank`s profit centers. On the other hand that commission is added to the cost base of the derivative. If I understand that there are $700t of derivatives floating around the world, how much of that is...
5/23/2012 at 1:42 AMPermalink
 Rick Ackerman
Is Fear of Deflation Sapping Gold and Silver  (20)
I finally get it. When stocks rise on good economic news precious metals go down. When stocks retreat because of bad economic news metals go down. If the EU is to be saved metals go down. If the EU is to crash metals go down. Desperate people doing desperate things with pretend money and empty positions on metals.
5/15/2012 at 11:57 PM  3  0  Rating :  3 Permalink
 Adrian Ash - Bullion Vault
Gold Price Heads for Second Monthly Drop  (1)
I'm getting a tired of the same old same old on this site. Rarely does one find any advice other than to buy silver. Same bullshit over and over. The price is manipulated! The banksters are bad! Buy buy buy!
No strategy. No analysis if the top floor of the banks implodes leaving only the people we deal with at our banks daily. No counter to the naked shorts. Buy buy buy!
I'll save your "Chicken Little" w...
3/30/2012 at 8:04 AM  0  1  Rating :  -1 Permalink
 Andy Hoffman
The Sunday Night Paper Silver Massacre – Revisited  (10)
Here is a great read. Empire of `The City`. Free download.

http://archive.org/details/TheEmpireOftheCity
3/28/2012 at 10:32 PM  2  0  Rating :  2 Permalink
 Andy Hoffman
The Sunday Night Paper Silver Massacre – Revisited  (10)
I don`t understand how one can identify a naked short. Also for every seller there is a buyer. If me would just cross from my 01 account to my 02 account. Profit neutral but achieves objective to lower price. Would be interesting to understand who is selling and who is buying. Are those just a best guess. My cartel would simply program to sell from my 01 account and cross to the 02 account at a higher price. Eve...
3/28/2012 at 10:16 PM  2  0  Rating :  2 Permalink
 Doug Casey - Casey Research
Doug Casey on Cashless Societies  (10)
Say I've got a hundred bucks in my pocket and over 3 days spend it on lavish items including coffee, magazines, and even a couple of beer at the pub. How much money have the banks made off of me? Pretty close to zero if the merchants can still deposit cash without penalty. Now say I used my debit card for each of the transactions over those days. The cost to the merchants depends on volumes, etc, but will always...
3/9/2012 at 1:36 AMPermalink
 James Turk - Goldmoney
A perspective on money from Howard and Warren Buffett  (3)
Tulip mania certainly illustrates the madness of men and their propensity to repeat the past. The tulips deteriorated quickly so they decided to print them instead. Although anyone could have raised tulips a new law now requires that only one central authority may print tulips. I think they are called Central Reserve Tulips. Interesting that WB has turned into a tulip farmer.
3/9/2012 at 1:11 AM  1  0  Rating :  1 Permalink
 Ned Naylor-Leyland
P.A.G.E. Squashed : and now for something completely different…  (13)
Ned, Like many I have lived much of my life trapped in the left right political paradigm. The illusion of choice. Sadly my cynicism now views the currency money paradigm in a similar light. Is there a disticnction between currency and money? How can there be if an endless amount of currency can be contrived. The market sells its annual net silver production in 30 minutes? The shorts always covered by discounted ...
3/6/2012 at 7:28 PM  4  0  Rating :  4 Permalink
 Silver Shield
The Silver Bullet And The Silver Shield  (27)
Greetings and thanks,
I am a silver bug that lives in the medium point of the pendulum swing. Half way between acknowledging that the compounding of debt can not continue, on one side, and a world wide financial, social and humanitarian crisis on the other.
If you apply some generally accepted accounting principals to bank balance sheets the solution is obvious. Mark to market. Common equity, preferred, ...
2/27/2012 at 6:11 AM  3  0  Rating :  3 Permalink
 Bullion Vault
Chinese Indian Gold Demand Rising as Zero Rates "Distort" Investment Markets…  (1)
Are new US mint coins still $1 face value? Canadian Maple Leaf $5. Now Canadian Polar Bear with $20 face value but only 7.96gm silver. This new Canadian tender is backed 50% silver.
2/2/2012 at 9:35 PMPermalink
 Peter Schiff - Euro Pacific Capital
Waist Deep in the Big Muddy  (14)
New Canadian Mint issue of Polar Bear 7.96 gm silver ($10) vs $20 face value?
2/1/2012 at 9:35 PMPermalink
 Perth Mint Blog
Coin Investors Among The First To Jump Back Into Gold And Silver
Notice Canadian Mint new Polar Bear with 7.96 gm silver ($10) and $20 face value. Anyone else doing this?
2/1/2012 at 9:28 PMPermalink
 Mark O'Byrne - gold.ie
Silver Surges 21 in January - Silver Demand Is “Diminishing A Supply Surplus”
Was surprised at new Canadian Mint Polar Bear coming out 7.96 gm silver ($10) with $20 face value. Have been accustomed to $5 face on 1oz ($34). Is this a pattern we can expect in the future?
2/1/2012 at 9:22 PMPermalink
 FOFOA - FoFOA
The Studebaker Effect  (6)
My son is in 4th year business and seems enamored with the paper market and a future as a stockbroker. When I speak with him about gold or silver its almost like a different language. Tangible vs nontangible assets. He can cite numerous paper longs and shorts with which to " neutralize risk ". But its always more paper upon paper.
To suggest to him that maybe a portfolio should contain 5% physical precious ...
1/13/2012 at 7:12 PM  6  2  Rating :  4 Permalink
 Andy Hoffman
2012 Expectations for the Market  (5)
Andy,
Something more can be said about the potential bank collapses. Many on the extreme portray an international misery that will be used to frighten all but the informed. To the contrary I believe this would be an occasion of great celebration. It doesn't really matter upon which Friday we call the banking holiday. What matters is the nature of the message on the following Monday. I expect the typical smu...
1/4/2012 at 12:05 AM  3  0  Rating :  3 Permalink
 George F. Smith - Barbarous Relic
Lunch with Ron Paul  (10)
In case you have forgotten Mr. Bernanke's alternative plan enjoy this
http://www.federalreserve.gov/boarddocs/speeches/2002/20021121/default.htm
It should take you to Bernanke's speech to the National Economist Club on Nov. 21, 2002.
In retro it is alarmingly accurate leading to the now final option. $ from helicopters?
1/3/2012 at 12:41 AMPermalink
 James Turk - Goldmoney
Gold in 2012  (7)
Sir Mervyn chose the term "unusual" since there is no historical precedent for all of the kings and princes to be broke at the same time. Wealth could always be reallocated between the parties in the general interest of the cabal. The only remaining funding source for the cabal is the public. They are currently plotting the greatest transfer of wealth in history. To save a greedy, manipulating class that has bro...
1/2/2012 at 11:57 PM  8  0  Rating :  8 Permalink
 JS Kim - Smart KnowledgeU
Did Bankers Deliberately Crash MF Global to Crash Gold and Silver Prices  (20)
I'm curious why base producers don't also feel victimized by the pretend market. Why do they participate? If the major producers were to stop selling into the future and instead sell present then they of course would absorb the future market risk. Are they truly afraid of the future? Afraid to find what the real supply/demand answer is? Is their entire financial infrastructure dependent upon what occurs over the...
1/1/2012 at 12:26 AM  9  0  Rating :  9 Permalink
 Richard Mills - Ahead of the herd
Admit nothing. Explain nothing  (23)
Great work. thanks!
12/31/2011 at 10:52 PM  1  0  Rating :  1 Permalink
 Peter Schiff - Europac
Commodities Run In Supercycles  (3)
I enjoy the articles about cycles and fundamentals in the commodities market but a cynical person resides in the recesses. Is there truth in the assertion that there are 100 ozs gold trading for each real oz? When we look back on past cycles how much pretend metal was playing in the market? If we simply look at money supply in 1980 vs gold $850 and compare to today money supply:gold $1,650 then something seems ...
12/27/2011 at 7:24 PM  7  0  Rating :  7 Permalink