Truth is Pornography. Irreverent Financial Truth

110531 – Hyper Report

Jay Walker — Wed, 01 Jun 2011 05:48:58 +0000

James Grant and James Turk discuss gold, the Fed and the fiscal situation of the USA

Jay Walker — Wed, 01 Jun 2011 05:40:31 +0000

Has Canada hit peak dollar?

Jay Walker — Wed, 01 Jun 2011 03:37:09 +0000

Today, Atlanta’s professional hockey franchise, the Atlanta Thrashers have been sold to True North Sports & Entertainment and in a press conference, it’s been announced that the team will relocate to Winnipeg for the next season which will begin in September.

Fans across Canada rejoice at the news that the country is getting another NHL franchise. People in Winnipeg in particular are very happy to get pro hockey for the first time since 1996 when their franchise, the Winnipeg Jets, moved to Arizona to become the Phoenix Coyotes.

This marks the second time that Atlanta has lost their hockey franchise to a city in Western Canada. The first time was in 1980 when the Atlanta Flames moved and became the Calgary Flames.

Since the Canadian dollar (called the “Loonie” by the locals) is tightly tied to commodities, particularly oil, it’s an interesting parallel to see that an NHL franchise moved to Canada at times when oil as well as the Loonie is hitting new highs.

So has Canada hit peak dollar? Joe Weisenthal in his article seems to believe that peak commodity may have been hit. Or maybe “this time it’s different”.

An argument could be made that “this time, it’s different” since in 2011 the U.S.A. is in two wars and one so called “kinetic action” which is perpetuating a massive debt hole. That wasn’t the case in 1980. Canada has also become the largest exporter of crude oil to America which is only helping to prop the Loonie.

Anyways, today, Winnipegger are celebrating the return of the NHL in their beautiful (albeit mosquito ridden) city. Anyone has tickets?

Keiser Report Nº151: Neo-Feudal Gulag Casino State

Jay Walker — Wed, 01 Jun 2011 03:03:16 +0000

This week Max Keiser and co-host, Stacy Herbert, report on the oil traders puking on markets and the gold confiscators eyeing Greece, Portugal, Spain and Italy. In the second half of the show, Max talks to former chief forex trader for VISA, Jon Matonis of TheMonetaryFuture.blogspot.com, about Bitcoin, the new peer-to-peer crypto-currency.

Truth is Pornography – May 31, 2011

Jay Walker — Wed, 01 Jun 2011 02:12:27 +0000

Today’s news links:

House Rejects Increase in Debt Ceiling

online.wsj.com/article/SB10001424052702304563104576357531475083742.html

USPS going bankrupt!

www.businessinsider.com/things-you-should-know-about-the-us-postal-service-before-it-goes-bankrupt-2011-5#

China To Do 2-3 TRILLION Yuan Bailout Of Indebted Local Governments.

www.businessinsider.com/china-to-bail-out-local-governments-2011-5#comment-4de58dd3ccd1d5a603070000

Food stamp usage hits fresh records!

maxkeiser.com/2011/05/31/virtually-worthless-u-s-fiat-dollars-are-being-replaced-in-circulation-with-food-stamps-and-zynga-dollars/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+Maxkeisercom+%28maxkeiser.com%29

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Sound Money Podcast Interview of Max Keiser

Jay Walker — Tue, 31 May 2011 03:03:35 +0000

‘Nothing stops big banks from ripping off people again’

Jay Walker — Tue, 31 May 2011 00:34:28 +0000

The fact that those responsible for the recent economic crisis have not been held accountable is setting a very dangerous trend, believes investigative journalist Matt Taibbi, author and contributing editor to Rolling Stone magazine.

$8,000 GOLD and $400 SILVER : James Turk

Jay Walker — Mon, 30 May 2011 01:02:50 +0000

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Bill Murphy and James Turk discuss gold price manipulation

Jay Walker — Mon, 30 May 2011 00:22:53 +0000

100,000 protesting live in Athens right now

Jay Walker — Sun, 29 May 2011 20:42:57 +0000

www.protothema.gr/article/?aid=124519

Take the motherfuckers at Goldman Sachs down!