Quote of the Week

“And right here let me say one thing:  After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this:  It never was my thing that made the big money for me.  It always was my sitting.  Got that?  My sitting tight!  It is no trick at all to be right on the market.  You always find lots of early bulls in bull markets and early bears in bear markets.

I’ve known many men who were right at exactly the right time, and began buying and selling stocks when prices were at the very level which should show the greatest profit.  And their experience invariably matched mine -- that is, they made no real money out of it.  Men who can both be right and sit tight are uncommon.  I found it one of the hardest things to learn.  But it is only after a stock operator has firmly grasped this that he can make big money.”  ~ Jesse Livermore

The Truth is too dangerous to air

Keiser Report: Wall Street saints above God & law

RussiaToday on Jan 5, 2012
 

In this episode of the Keiser Report, Max Keiser and co-host, Stacy Herbert, discuss big lies, big cojones and the government eating your homework. In the second half of the show, they discuss Obama's request for $3 from Stacy while signing an order allowing him to indefinitely detain her and the Princeton students mic checking JP Morgan.

High Speed Trading (aka HFT) explained Really Slowly

VOALearningEnglish 

 

Chillout - 6237 Photos of the World

Strait Talking: Iran sanctions backfire on recession-hit West

RussiaToday on Jan 5, 2012

Iran is under increasing pressure from Western countries, which believe it might be developing a nuclear weapon. France is pushing for stricter sanctions against Iran and has urged EU countries to follow the US in freezing Iranian central bank assets and imposing an embargo on oil exports.

Capital Account: James Turk on Fat Tails, LTRO and Banking

CapitalAccount  | Jan 4, 2012

O'Byrne Says $2400 Gold `Quite Likely' in Coming Years

Duh! - Every bull market ends in a moon shot. The Gold and Silver markets will be no different, but we years from that point yet. Good things come in small packages and to those with patience.

US citizens become untouchables

I once read on a Swiss brokerage website that they accepted anyone as a client except persons domiciled in Chad or the USA......seems nothing much has changed.

Google translation from German:

 

ZKB draws a line under U.S. business

(Reuters) In view of the tax dispute with the United States increases, the Zurich Cantonal Bank (ZKB) completely out of the business with American customers. "The risks of holding on to U.S. business would be under the new sign too big," said a ZKB spokesman, confirming a report by the "Tages-Anzeiger".

As early as 2009, ZKB had separated from the U.S. clients with security deposits. Meanwhile, the United States but the pressure is further increased and the ZKB as ten other Swiss banks targeted by the U.S. Internal Revenue Service.

Now the state wants no U.S. bank customers with more personal accounts. "Now we say goodbye to all of us in the U.S. domiciled clients," said the spokesman. The customers had until 21 February period, specify where the money is transferred. Then ask the ZKB from a check that could be picked up at the bank.

Martin Armstrong - The Military vs The People

click on image to access the report