Comments on: Mayne Report’s 2008 year ender and last minute sell-down http://www.crikey.com.au/2009/01/05/mayne-reports-2008-year-ender-and-last-minute-sell-down/ now with extra source Tue, 24 Nov 2009 01:35:40 +1100 http://wordpress.org/?v=2.8.6 hourly 1 By: R Wilson http://www.crikey.com.au/2009/01/05/mayne-reports-2008-year-ender-and-last-minute-sell-down/#comment-20586 R Wilson Thu, 01 Jan 1970 10:00:00 +0000 #comment-20586 Well summarised Stephen although anything RK Murdoch says is likely to be a calculated plan. My sources indicate that the West induced a run on the Russian stockmarket when they started pulling out their capital at a ferocious rate over the last six months in attempt to bring Russia to heel. Russia doesn't want a world currency or one world government and that is thwarting the NWO people in the same way Czar Nicholas did 200 years ago. Fortunately for Christian Russia they have Nukes so the West has to tread carefully - it also has huge reserves of oil and gas including a massive discovery near the North Pole. Oil at $40 doesnt work for Russia but oil at $55 probably does. It is only a matter of time before the IMF and the World Bank will be unable to continue hold down the oil price and then it will rise again probably to $70. My reading is that the US will be forced to let go of the dollar probably devaluing by 20% initially, some time after Obama is inaugurated. But what will the rest of the world do? Everyone may have to devalue to maintain some kind of global relativity and the only way that can be done is by printing more and more money and that has surely got to lead to stagflation akin to the 90's in Japan. It ain't pretty is it! Well summarised Stephen although anything RK Murdoch says is likely to be a calculated plan. My sources indicate that the West induced a run on the Russian stockmarket when they started pulling out their capital at a ferocious rate over the last six months in attempt to bring Russia to heel. Russia doesn’t want a world currency or one world government and that is thwarting the NWO people in the same way Czar Nicholas did 200 years ago. Fortunately for Christian Russia they have Nukes so the West has to tread carefully - it also has huge reserves of oil and gas including a massive discovery near the North Pole. Oil at $40 doesnt work for Russia but oil at $55 probably does. It is only a matter of time before the IMF and the World Bank will be unable to continue hold down the oil price and then it will rise again probably to $70. My reading is that the US will be forced to let go of the dollar probably devaluing by 20% initially, some time after Obama is inaugurated. But what will the rest of the world do? Everyone may have to devalue to maintain some kind of global relativity and the only way that can be done is by printing more and more money and that has surely got to lead to stagflation akin to the 90’s in Japan. It ain’t pretty is it!

]]> By: Roo http://www.crikey.com.au/2009/01/05/mayne-reports-2008-year-ender-and-last-minute-sell-down/#comment-20587 Roo Thu, 01 Jan 1970 10:00:00 +0000 #comment-20587 OMG, the popping of the commodities bubble is no great mystery. At the end of 2007 when all the big US investment banks saw TSHTF, they had their hedge funds rush headlong into commodities in a repeat of the crap that went on in the 70s. Commodities hording and price inflation was a classic play that worked out well for the IBs back in the day. (See the Masters testimony before U.S. Senate Committee on Homeland Security and Governmental Affairs from May last year for a really good explanation of why oil and other commodity prices foolishly went to the moon http://hsgac.senate.gov/public/_files/052008Masters.pdf )<br /><br />Of course, all these IB hedgies leveraged themselves to the hilt in an attempt to maximize profits - as they have been fond of doing for the last 7 years. Unfortuantely for the likes of Goldman Sachs et al (remember those hilarious GS predictions of $200/barrel oil?), they failed to see that the entire world was beginning to be gripped by DEFLATION, so inflating the the price of commods like oil in such an environment just wasn't gonna fly because consumers just could NOT afford oil/food at any price. Eventually all those hedgies were under pressure to pay back the loans that allowed them to insanely leverage into commodities, and they had to divest their horded commods stockpiles to get there. Many of those hedgies went TU, pop went the commods bubble, and Australian stocks sank. Commods are NOT coming back in the next 10-20 years because Americans are broke (hocked to their eyeballs), which means they are not able to buy crap from China anymore, which means China won't be spending nearly as much in Aus for the foreseeable future.<br /><br />See? No need to worry about esoteric Russian machinations. Just look to the usual motley crew of ponzi banksters. OMG, the popping of the commodities bubble is no great mystery. At the end of 2007 when all the big US investment banks saw TSHTF, they had their hedge funds rush headlong into commodities in a repeat of the crap that went on in the 70s. Commodities hording and price inflation was a classic play that worked out well for the IBs back in the day. (See the Masters testimony before U.S. Senate Committee on Homeland Security and Governmental Affairs from May last year for a really good explanation of why oil and other commodity prices foolishly went to the moon http://hsgac.senate.gov/public/_files/052008Masters.pdf )

Of course, all these IB hedgies leveraged themselves to the hilt in an attempt to maximize profits - as they have been fond of doing for the last 7 years. Unfortuantely for the likes of Goldman Sachs et al (remember those hilarious GS predictions of $200/barrel oil?), they failed to see that the entire world was beginning to be gripped by DEFLATION, so inflating the the price of commods like oil in such an environment just wasn’t gonna fly because consumers just could NOT afford oil/food at any price. Eventually all those hedgies were under pressure to pay back the loans that allowed them to insanely leverage into commodities, and they had to divest their horded commods stockpiles to get there. Many of those hedgies went TU, pop went the commods bubble, and Australian stocks sank. Commods are NOT coming back in the next 10-20 years because Americans are broke (hocked to their eyeballs), which means they are not able to buy crap from China anymore, which means China won’t be spending nearly as much in Aus for the foreseeable future.

See? No need to worry about esoteric Russian machinations. Just look to the usual motley crew of ponzi banksters.

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