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Right, Talk to me in about six months and tell me how you are doing.
In all seriousness though, best of luck!
OMGZ, Can I visit?
So, now, more to the point.
Why the hell is AIG trading so high, are they not completely insolvent?
A Wave of Destruction Will
Destroy America's East Coast
By Ian Gurney
The Daily Express - UK
8-10-4
Around this time of the year many Britons look towards the Canary Islands for a sunshine break. What most don't know, however, is that on one of the Canary Islands lies a major global catastrophe in the making, a natural disaster so big that it could flatten the Atlantic coastlines of Britain, Europe, North Africa and the United States of America and cause enormous damage to London and other UK cities. Scattered across the world,s oceans are a handful of rare geological time-bombs which, once unleashed, create an extraordinary phenomenon, a gigantic tidal wave, called a Mega Tsunami. These are able to cross oceans and ravage countries on the other side of the world. The word Tsunami derives from the Japanese for harbour wave. They are normally generated by offshore earthquakes, sub-marine landslides and undersea volcanic activity, and range from barely perceptible waves to walls of water up to 300 feet high.
Recently, scientists have realised that the next Mega Tsunami is likely to begin on one of the Canary Islands, off the coast of North Africa, where a wall of water will one day race across the entire Atlantic Ocean at the speed of a jet airliner to devastate the east coast of the United States, the Caribbean and Brazil.
Dr Simon Day, who works at the Benfield Greig Hazards Research Centre, University College London*, says that one flank of the Cumbre Vieja volcano on the island of La Palma, in the Canaries, is unstable and could plunge into the ocean during the volcano's next eruption.
Dr. Day says: "If the volcano collapsed in one block of almost 20 cubic kilometres of rock, weighing 500 billion tonnes - twice the size of the Isle of Wight - it would fall into water almost 4 miles deep and create an undersea wave 2000 feet tall. Within five minutes of the landslide, a dome of water about a mile high would form and then collapse, before the Mega Tsunami fanned out in every direction, travelling at speeds of up to 500 mph. A 330ft wave would strike the western Sahara in less than an hour."
Europe would be protected from the fiercest force by the position of the other Canary Islands, but the tsunami would still bring 33ft waves to Lisbon and La Coruña within three hours.
After six hours it would reach Britain, where waves up to 40 ft high would hit southwest England at 500 miles per hour, travel a mile inland and obliterate almost everything in its path. Even Britain's more sheltered shores, in the North Sea and Irish Sea, will be struck by smaller but still significant swells, causing widespread flooding in major coastal cities.
"We need better models to see what the precise effects on Britain will be." Dr. Day said. However, it is likely that London could suffer sever inundation as the Thames Barrier's ability to cope with such a dramatic rise in water levels exceeds its design specifications.
"The Thames estuary is already subject to major tidal surges," says Dr. Day, "and the Mega Tsunami could raise water levels by as much as 20 feet, with the surge travelling up the river at some 200 miles per hour." Devastation along both banks of the Thames would be huge, with many parts of the City and areas along both the north and south banks of the river as far as Putney Bridge and beyond experiencing severe damage. The effects on the London underground are hard to imagine, but the entire network would become flooded and the consequent loss of life would be immense."
Indeed, parts of London would be uninhabitable for perhaps months and the cost of repairing and rebuilding the damage would be astronomical. Imagine, if you will, what effects such a massive inundation would have on some of our major public buildings near the Thames; The Houses of Parliament, Westminster Abbey, Canary Wharf, Buckingham Palace, The Tower of London, and the South Bank are only a few of the many London landmarks that would be severely damaged, as indeed would the entire City of London.
However, the destruction in the United Kingdom will be as nothing compared to the devastation reeked on the eastern seaboard of the United States. Dr. Day claims that the Mega Tsunami will generate a wave that will be inconceivably catastrophic. He says: "It will surge across the Atlantic at 500 miles per hour in less than seven hours, engulfing the whole US east coast with a wave almost two hundred feet high " higher than Nelson,s Column " sweeping away everything in its path up to 20 miles inland. Boston would be hit first, followed by New York, then all the way down the coast to Miami, the Caribbean and Brazil." Millions would be killed, and as Dr. Day explains: "It's not a question of "if" Cumbre Vieja collapses, it's simply a question of "when".
The Financial Crisis Pushes Europe to the Brink of Disaster
http://www.alternet.org/workplace/130957/the_financial_crisis_pushes_europe_to_the_brink_of_disaster/
"Increasingly, banking bosses are sounding like mob underbosses. Here’s a quote attributed to Jimmy Cayne, former chief of Bear Stearns about Tim Geithner, who engineered the sale of his bank to JP Morgan at a sizable loss:
The audacity of that prick in front of the American people announcing he was deciding whether or not a firm of this stature and this whatever was good enough to get a loan. ... This guy thinks he's got a big dick. He's got nothing, except maybe a boyfriend. ... Who the fuck asked you? You're not an elected officer. You're a clerk. Believe me, you're a clerk. I want to open up on this fucker, that's all I can tell you.
This is getting nasty. It may be time to go to the mattresses. As economies crumble and the center doesn’t hold, as poet W. B. Yeats wrote, things fall apart."
That is insane.
Monetization of USTreasurys In Isolation
http://financialsense.com/fsu/editorials/willie/2009/0820.html
This shit is out of control.
We're doomed.
Buddiee trys to walk through "imaginary" door.
LeBed makes new discovery = CUM
My new HUGE copper play is Copper Mountain Mining. It trades on the TSX under the symbol CUM and is currently $1.30 per share. CUM could be the closest thing to a sure winner I have come across in 2009!
http://finance.yahoo.com/q?s=cum.to
CUM is one of the biggest discoveries of my life and I believe it has the potential to explode next week!
Copper prices have been skyrocketing! Over the past six months, copper prices are up about 100%! In fact, copper was up 5% on Friday alone! Copper has more momentum right now than any other commodity!
CUM owns an 18,000 acre copper project near Princeton, BC, Canada and Mitsubishi just closed on the purchase of a 25% interest in CUM's project for $28.75 million! That's right, Mitsubishi, one of the world's largest diversified materials companies, has just paid $28.75 million for 25% of CUM's copper project!
CUM's project was owned and operated from 1972 to 1988 by Newmont Mining (NEM)! NEM sold the project in 1988 when they got out of the base metal production business, and it remained in production until 1996 when copper prices collapsed. It has historically produced 1.7 BILLION pounds of copper, 730,000 oz of gold, and 9.1 million oz of silver!
Today, copper prices are skyrocketing and CUM expects to begin production at the project in mid-2011 with annual production of 100 million pounds of copper, plus additional production of gold and silver!
CUM only has approximately 31.6 million shares outstanding giving it a market cap at $1.30 of about $41 million. If Mitsubishi just paid $28.75 million for 25% of the project, we can figure that CUM's 75% interest is worth at least $86.25 million.
CUM is using most of the $28.75 million to pay off the $25.3 million line of credit they had from Mitsubishi. At the end of the last quarter, CUM had $4.7 million in cash and we can assume that after paying off the debt CUM will now have about $8 million in cash.
If you add $8 million to the estimated value of CUM's 75% interest in the project of $86.25 million, you get a potential market cap for CUM of $94.25 million. With 31.6 million shares outstanding, I believe CUM deserves to be trading for approximately $3 per share.
Mitsubishi has agreed to arrange for $250 million in debt financing to get the project into production and CUM has agreed to raise an additional $43.25 million in equity financing. If CUM raises the $43.25 million at the current price of $1.30 per share, we are looking at an additional 33.3 million shares of dilution before they enter production. Therefore, CUM could have approximately 65 million shares outstanding in 2011 when they expect to begin production.
If CUM produces 100 million pounds of copper per year, at the current copper price of $2.90 per pound we would be looking at $290 million in annual revenues. CUM expects their gold and silver production to add approximately 12% to their copper revenues, so the project's total annual revenues could reach approximately $324.8 million of which CUM's 75% interest would equal $243.6 million.
Imagine a price/sales ratio of 2 to 3 with $243.6 million in annual revenues, with 65 million shares outstanding after the projected equity financing... that would give CUM a future potential share price of $7.50 to $11.24 per share!
If copper, gold and silver prices continue to skyrocket like I expect... I believe CUM's future annual revenues could far exceed $243.6 million and in that case, it's impossible to predict how high this stock could go!
I believe CUM's upside potential at $1.30 is astronomical and this is one of the biggest opportunities of our lives!
I know some of you never invested into a TSX stock before, but many of the best precious and base metals companies in the world are choosing to list on the TSX over the U.S. exchanges. In the months ahead, an increasing percentage of my new picks will be TSX stocks!
Disclosure - Long CUM
Green shoots! UP WE GO! Bad news is good news, just as long as the fed can keep pumping our tax dollars into the market!
Long term consequences are rubbish, enjoy the ride up while it lasts!
WEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Pull your balls out of your wife's purse and the next time you see A set up like that or have A good feeling about it, just go all in, just go for broke.
DO IT!
Why are you in here?
Geeeeeez.
Why do people pay for membership to A forum that gives the Admin the ability to ban them from posting?
I can understand that privilege if the account is free, but, paying for it?
I would cancel my membership immediately if that happened.
Ridiculous.
BUDDIEE18 Try's to walk through 'imaginary' door!
Tell us something we don't already know.
Wow, I think your posts speak for themselves.
My work is done here.
Enjoy la la land while it lasts, Canada is not immune from tyranny.
Goodnight.
No, but I think it is hard to deny that the Nazi party of Germany practiced euthanasia on multiple human beings of multiple race, religion, color and creed.
I just, I don't even know how to respond. You still won't answer what I am questioning you on.
I understand what you call the "LEGALESE" language. Better than you could ever realise.
My point is that you dispute that nobody exists, as far as what I have read from you, you claim that everything on earth is "Imaginary".
That is amazing to me.
Are you really that insane?
Not paying = Legal.
Not paying = Death/Prison.
Now, Do you get it?
I guess those 52,000 'imaginary' people who the 'imaginary' IRS are about to fuck in the ass don't exist either, right?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=40569920
You are certifiably insane, if you can convince those 52,000 people to revolt against the IRS and defeat them since it is all LEGAL f.i.c.t.i.o.n aka "IMAGINARY" than I will suck your fucking clit until it is dry of all the old dirty unwashed pubic hair grease that obviously seeps into your bloodstream and rots your retarded illogical brain from the inside out.
Yes, the IRS, FBI, FEMA = LEGAL f.i.c.t.i.o.n.
That is the truth, the next step is........
Listen real fucking careful to this part, okay buddiee?
How do we convince the rest of the public to ignore/reject them without mass genocide taking place?
When I do not file my income tax for this year and the IRS comes and puts me in prison, even under my protest that the law is invalid and does not exist, I.E. "Imaginary". (Furthermore unconstitutional and immoral)
I want you to come and bail me out of those imaginary bar cells and slay the imaginary guards that have imprisoned me inside of those unfounded bars of imagination.
Okay? Can you do that for me?
WHAT IN THE FUCK ARE YOU SMOKING?!
I WANT SOME!
Indeed, nothing has changed since last year, the time bomb is ticking, unless the powers that be have something else up there sleeves to delay it.
You are the biggest fucking idiot, I don't even know where to begin.
Just..... WOW.
Do you deny the holocaust took place as well?
Nitwit - Here ya go. You should like this one.
http://www.zerohedge.com/article/forever-blowing-bubbles-moral-hazard-and-melt
LOL. Silly futures, we will close green tomorrow that is A LOCK!
These idiot conspiracy theorists never learn do they.
Hahahaha, NITWIT FOR PRESIDENT!
We don't believe in it, We fight it everyday, in the most reasonable way possible.
What you fail to understand since you live in La La land is that these institutions and people really do exist and will ruin your life via murder, prison or financial ruin (which is it's own special kind of violence).
So wtf are you blathering about?
As I have said numerous times before, I AGREE AND UNDERSTAND WHAT YOU ARE SAYING!!!!!!!!
I AGREE WITH YOU! GET IT?!
What is the solution? Protesting? Taking up arms and fighting? Running for congress, senate or presidency? Eliminating the Central Bankers, IRS, IMF, BIS, NWO, Globalists and Oligarchy's?
They make the rules, if you do not accept them you are left on the outskirts of society fending for yourself.
So WTF do we do?
For fuck sake.........
Totally dude, BIG TIME UPPAGE AHEAD! WEEEEEEEEEEEEEEZZZZZZZZZZZ!
lol I know right? Buckle up for some DOW +10,000!
I heard dat! WORD!
Haha, I know i'm just being A smart ass. Gloom and doomers are so retarded. Bunch of conspiracy theorists.
This week is going to kick ass! TO DA MOOOOOOOON!!!!!!!!!!
WEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE!!!!!!!!!!!!!!!
The Week in Charts – Buckle the Fuck Up!
http://economicedge.blogspot.com/2009/08/week-in-charts-buckle-heck-up.html
Right....... Only in A world this upside down filled with idiots would you call the truth "doom".
You will find out, just like the rest of us sooner than you think, it's not going to be pretty.
Sunday Lesson: Why "Normal" WILL NOT Return
http://market-ticker.org/archives/1338-Sunday-Lesson-Why-Normal-WILL-NOT-Return.html
ruh-roh!
Her?
That blathering lunatic is A girl?
EWWWWWWWWWWWWWWWWWWWWWWWWWWWW!
J/K Buddiee.
Ya know, I want to talk about this with you, but you don't offer any solutions. You just blather like an incoherent madman than call everyone idiots and run away.
Any solutions?
Notice how ANF was up 3% though? LOL.
Who cares, this is A sinking ship, End of story.
I'm not going to debate with everyone on this board who are so helplessly disillusioned.
You wouldn't blow air into A bubble with holes in it would you?
Think about it, what do I have to gain by telling you poor fools to get out while you still can, I can't short this.
Don't respond to this post until mid September when SPNG is back down to .01 and the S&P is back down around 795.
Will it bounce? Sure, it might, A few cents, but don't be stuck holding the bag thinking it's going up to A dollar.
I've been in this game A long time, just trying to warn the sheep that the wolf is coming.
GOOD LUCK!