oldschool CxC

Wednesday, August 23, 2006

911 Cover up, a 1:21 google video with a funky beat

Cal prof on oil & $
End of Dollar Hegemony

A Peak Behind the Curtain Jeff Vail on m3/euro/oil stuff.


In short, M0 is the value of all US currency that exists in actual bank notes and coins. M1 is M0+checking accounts. M2 is M1+money market accounts and CD's under $100k. M3 is M2+all larger holdings in the dollar (Eurodollar reserves, larger instruments and most non-European nations' reserve holdings). The key point here is that which will be lost when the Fed stops reporting M3, but continues to report M2 and M1: we will lose transparency on the value of reserve holdings in dollars by other nations and major financial institutions.

And, of course, the timing of the discontinuation of M3 data just happens to coincide with the opening of Iran's euro-denominated oil bourse. . .

So what will happen when Iran opens its bourse? They won't just sell Iranian oil (although that alone is a sizeable chunk of world production, roughly 4 million barrels per day, or about 5% of global production). Instead, they will create an entirely alternate derivative market to the exclusively dollar-denominated sale of oil derivatives at the International Petroleum Exchange (London) and the New York Mercantile Exchange.

Wednesday, August 16, 2006

who needs to go see the bellagio fountains, cop some Diet coke & Mentos..

Sunday, August 13, 2006

Why Has the Fed Stopped Reporting M3?

M3 (money supply)?

a lot of gold bug biased articles..: Grand illusion

I believe a lot of oil trades were dollar denominated and this may change..

I know, I am not making sense even to myself.. That is not actually a quote, it is an uninformed paraphrase. Think of it as a starting point of research and let me know if any of it makes sense.

It all stemmed from a chance meeting with some prison dentist at my cousins wedding, he was talking about how he wanted to put all his assets (or what he planned to leave for his kids) in gold coins under his beds or something like that. and I think he kept bringing up the conundrum of who owns the Fed. Here is MSNBC answer and some other answer.

can someone tell me if this quote is true and if so I am sure it is just inflation..

Since George Bush has been President our country has borrowed more money from foreign nations than was borrowed during all of the administrations that came before him combined!

Saturday, August 12, 2006

Everyone seen Dwayne Tate: Office Linebacker reebok ad yet? DAMN that shit's funny! I recommend the whole set of commercials... I can't believe how HARD he sacks these actors!!
Part of me wishes it were real, and yet -- I can't help think that my old boss wished he could sick this guy on me as well.

And so, as you've probably noticed, the 'net video revolution is ON!!

Friday, August 11, 2006

I'm just an idiot lawyer and don't know how to add Ian's blog to the template.

Wednesday, August 02, 2006

Is Wes ever going to post again? Do we have to roast him?

and Bingo was his name oh.

'there are motherfuckin' snakes on the mothergfuckin GitMo!