NEW Pelicanbrief 11/30/07

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By: pelicanbrief114
30 Nov 2007, 10:46 AM EST
Msg. 627804 of 627807
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Scoreboard Update


It's been a RECORD month in November/07, where Fed temporary actions via the Repo market witnessed the following infusion:

$ 308.75 BN RECORD MONTH

Let's put the past 5 months in perspective for those keeping score:

JULY/07>>>>>>>>>>>>>>>>>> $ 179BN

AUGUST/07>>>>>>>>>>>>>>>> $ 209BN

SEPTEMBER/07>>>>>>>>>>>>> $ 231.5BN

OCTOBER/07>>>>>>>>>>>>>>> $ 268.75BN

NOVEMBER/07>>>>>>>>>>>>>> $ 308.75BN

As the figures indicate, during the past five (5) months, the Fed has injected a total of:

$ 1.197 TRILLION via temporary Repo actions. Obviously a staggering number.

What do DA Boyz know that the masses are precluded from knowing?

It's OK "Big Ben & Co", you can spill it. We know. We can handle the TRUTH!!!

Romper Room (Wall St./Banks) are INSOLVENT without these injections of Financial Steroids due to the TRILLIONS of Derivatives floating in cyberspace (Level III) which garner ZERO bids. Hence, the often spoken about LIQUIDITY crunch, thus rendering what the Boyz labeled once as A$$ett$, effectively worthless pieces of paper/junk liabilities.

The entire Global financial structure remains in Dire Straits.

Band-Aids (Rate Cuts) will not stop the Hemorrhage. While such actions may relieve some pressure for the Fed's constituents (Wall St/DC), Main St., who has been left without REPRESENTATION, will unfortunately continue to shoulder the burden of the Cartel and their soldiers.

It's become a very troubling, disconcerting environment to say the least.

Got Gold/Silver/Hard A$$ett$?

Got CMKX? :-)

Have an enjoyable and relaxing weekend!!!!

[sandi66]

A Wise man weighs in with

some interesting thoughts and observations:


The Crunch is here
Bob Moriarty
Archives
Nov 30, 2007

I have an identical twin brother who is a lawyer. Lawyers come up with inventive ways of spending their money. Someone he knew in Wyoming approached him with a deal. Let's say the guy owned 50,000 acres of beautiful land in the wilderness. He was selling pieces of the whole thing so in the end 50 people would each own part of the entire 50,000 acres. They didn't really own 1,000 acres 50 times; every owner had access to the whole place.

My brother realized the flaw right away. When everyone owns something, no one owns it. There may be 50 owners wandering around the 50,000 acres every weekend picking wildflowers but none of them can build an outhouse, much less a cabin. That's how group ownership works.

A Federal judge figured out the same thing last month. On October 31, Federal Judge Christopher Boyko ruled in a case brought by German Bank Deutsche Bank who was trying to foreclose on 14 home loans. The Judge insisted the bank prove the bank was in fact the owner of the note when the foreclosure action was filed. The bank could not and the judge ruled that in effect, when everyone owns something, no one owns anything. So the bank has no right to foreclose. Wait until that little tidbit sinks into the brains of indebted homeowners.

Don't get into a panic. If every borrower stops paying their mortgage next week, it isn't going to affect the financial system. The financial system is collapsing as I write and borrowers going on strike would only accelerate what is going to happen anyway.

For months I've been writing about an expected collapse in the financial system worldwide starting in the fall. Fall has fallen and so has the financial system. One day soon everyone else will realize it. Probably the day they put their little plastic card into the money machine and nothing works.

I've been using a figure of $450 trillion dollars in derivatives. I was wrong, dead wrong. According to figures just released by the Bank For International Settlements, the latest figures show that in a six-month period from December of 2006 until June of 2007, derivatives grew from a stunning $414 trillion to a breathtaking $516.4 trillion dollars. Derivatives grew $102 trillion in only six months. Given that derivatives multiply risk rather than divide risk, the end is near for the world's financial system. "Houston, we have a problem."

I'm not the only one who sees what is happening. Gregory Peters of Morgan Stanley came up with one of the more memorable comments about current affairs on November 13 when he was quoted. "There's a greater than 50% probability that the financial system 'will come to a grinding halt' because of mortgage losses." Actually Gregory was being an optimist. But then 100% is in fact greater than 50%. And I'd give it a 100% chance of coming to a grinding halt; there is no chance we are going to slide through this little rough spot.

We are in a region never before traveled. The Euro is just as much a crap currency as the US peso so going to Euros is no solution. The US political system is in the hands of the Israel lobby and all they can think about is destroying everyone else in the Middle East and turning the entire area into a hellhole as bad as Iraq or Gaza.

We have a president who has failed in everything he's ever tried. If you aren't terrified, try to determine Bush's position on the derivatives issue. He's clueless; he's never even mentioned it. He doesn't even recognize the system is grinding to a halt right under his nose.

You can still buy an insurance policy in the form of resource stocks. While I do feel there will be a temporary slowdown for 18 months or so in base metals, gold and silver are about to regain their crown. When all other forms of money fail, there is always gold and silver. For 5,000 years, when chaos exists, people go to gold. They will again and it will save their bacon. Again.

I've tried to make it clear that the safest place to be is in the junior producers. That doesn't mean sell everything else, it means the safest place to be is in the junior producers. They will get the most value from skyrocketing gold and silver. I have covered a number of gold stocks lately. I really like ATW, Peak Gold, Pediment and Animas. But I've pretty much ignored the silver stocks so today I'm going to introduce you to another brilliant production junior.



Got Gold/$ilver/Hard A$$ett$?

Got CMKX? :-)

ragingbull.quote.com/mboard/boards.cgi?board=CMKI&read=627821

[sandi66]

breezes1

"Temporary" is the operative word. These are NOT "Permanent" actions.

The Fed "Purchases" (Infusion) Treasuries/Corp Paper etc. from the Treasury and then, "Sells" (Extraction) those very same Treasuries/Paper at a later date determined by the Repo.

All information is provided courtesy of the Fed site itself. These figures are not opinions, yet factual.

You may want to consider turning OFF "Bubblevision" (CNBC). Nothing but a "Mouthpiece". You may be better served elsewhere (Your own DD).

Protect & Govern Thyself!!!!


Got Gold/$ilver/Hard A$$ett$?

Got CMKX? :-)

ragingbull.quote.com/mboard/boards.cgi?board=CMKI&read=627829

[jcline]

Fed adds $6.5 bln in reserves through weekend repos

The U.S. Federal Reserve said on Friday it added $6.5 billion of temporary reserves to the banking system through over-the-weekend repurchase agreements.

The Fed said the collateral accepted on the weekend repurchase was made up entirely of Treasuries. A total of $34.1 billion in bids were submitted for the weekend repurchase.
www.reuters.com/article/bondsNews/idUSNYD00013220071130

[jcline]

By: pelicanbrief114
30 Nov 2007, 03:19 PM EST
Msg. 627891 of 627892
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Some excellent weekend

reading material for those seeking informative and educational background knowledge.

Enjoy.

www.atimes.com/atimes/Global_Economy/IK27Dj07.html

www.atimes.com/atimes/Global_Economy/IK28Dj04.html



Got Gold/$ilver/Hard A$$ett$?

Got CMKX? :-)

ragingbull.quote.com/mboard/boards.cgi?board=CMKI&read=627891

[jcline]

By: pelicanbrief114
30 Nov 2007, 03:30 PM EST
Msg. 627894 of 627895
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What's going on with

certain Money Market Fund's?

Are the issues facing the Global financial structure today REALLY isolated to just Sub-prime?

Are our MM Funds NAV's still worth par ($1)?

What other pesky little creatures are hidden beneath the surface?


www.bloomberg.com/apps/news?pid=20601087&sid=aAktjXSQujdM


Got Gold/$ilver/Hard A$$ett$?

Got CMKX? :-)


ragingbull.quote.com/mboard/boards.cgi?board=CMKI&read=627894