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Eman93
4,572 posts
msg #75206
Ignore Eman93
6/9/2009 1:28:08 AM

If Jim Cramer played the flute................



conyeuchua
83 posts
msg #75374
Ignore conyeuchua
6/12/2009 9:14:07 PM

June 11-12, 2009

Disclaimer:
I don't know if this rumor / news item is real or fake, so I post it here.

Sources (in chronological order):
- Comments section of the evilspeculator blog
- http://market-ticker.denninger.net/archives/1114-Smuggling-Or-Counterfeit-Printing.html
- http://www.asianews.it/index.php?l=en&art=15456&size=A

Smuggling Or Counterfeit-Printing?

Ok, this was rumored several days ago, but now I can find actual news reports - at least, outside the US:

Milan (AsiaNews) – Italy’s financial police (Guardia italiana di Finanza) has seized US bonds worth US 134.5 billion from two Japanese nationals at Chiasso (40 km from Milan) on the border between Italy and Switzerland. They include 249 US Federal Reserve bonds worth US$ 500 million each, plus ten Kennedy bonds and other US government securities worth a billion dollar each.

Those sound like Bearer Bonds - at least the Kennedy ones do.

We no longer issue those (nor does pretty much anyone else) for obvious reasons - they're essentially money and can be had in VERY large size, making them great vehicles for various illegal enterprises.

But folks: This is $134.5 billion dollars worth.

If they're real, what government (the only entity that would have such a cache) is trying to unload them?

If they're fake, this is arguably the biggest counterfeiting operation ever, by a factor of many times. I've seen news about various counterfeiting operations over the years that have made me chuckle, but this one, if that's what it is, is absolutely jaw-dropping.

The cute part of this is that if the certificates are real Italy just got a hell of a bonanza - their money laundering laws provide for a statutory 40% penalty for failure to declare instruments and cash in excess of $10,000 Euros, which means they'd garner a close-to-$40 billion dollar windfall.

That ought to help their budget problems!

Notice, by the way, that the US Media has totally ignored this story - even though the securities in question are allegedly US instruments.

Gee, I wonder why? Might the authorities know they're real and be just a wee bit nervous that disclosure of a sovereign attempting to covertly dump nearly $140 billion in debt could cause a wee bit of panic, given that we're running nearly $200 billion a month in deficits?

Inquiring minds want to know what's really going on here.

_____________________________________________________

06/08/2009 15:18
ASIA – ITALY

US government securities seized from Japanese nationals, not clear whether real or fake


Bonds worth US$ 134.5 billion are seized. This is the largest financial smuggling case in history. But are they real? Concern over ‘funny money’ or counterfeit securities is spreading in Asia. The international press is silent.

Milan (AsiaNews) – Italy’s financial police (Guardia italiana di Finanza) has seized US bonds worth US 134.5 billion from two Japanese nationals at Chiasso (40 km from Milan) on the border between Italy and Switzerland. They include 249 US Federal Reserve bonds worth US$ 500 million each, plus ten Kennedy bonds and other US government securities worth a billion dollar each.

Italian authorities have not yet determined whether they are real or fake, but if they are real the attempt to take them into Switzerland would be the largest financial smuggling operation in history; if they are fake, the matter would be even more mind-boggling because the quality of the counterfeit work is such that the fake bonds are undistinguishable from the real ones.

What caught the policemen’s attention were the billion dollar securities. Such a large denomination is not available in regular financial and banking markets. Only states handle such amounts of money.

The question now is who could or would counterfeit or smuggle these non-negotiable bonds.

In order to stop money laundering Italian law sets a ceiling of 10,000 euros per person for importing or exporting money without declaring it. The penalty for violating the law is 40 per cent of the money seized.

If the certificates were real, for Italy it would be like hitting the jackpot. The fine alone would amount to US$ 38 billion, five times the estimated cost of rebuilding quake-devastated Abruzzi region. It would help Italy’s eliminate its public deficit.

If the certificates are fakes the two Japanese nationals could get a very lengthy jail sentence for fraud.

As soon as the seizure was made the US Embassy in Rome was informed. Italian and US secret services were called in to assist the Italian financial police.

Some important international financial newspapers had already reported on the existence of ‘funny money’ circulating on parallel, i.e. unofficial, financial markets.

For AsiaNews a few points need considering:

1. When it comes to Italy the world press has tended to focus on Italian Prime Minister Berlusconi’s personal problems rather than on stories like the bonds smuggling affair which has been front page on Italian newspapers.

2. The fear of counterfeit bonds and securities has spread across Asia with the result that real securities are also considered with suspicion.

3. During the Second World War several countries at war printed and put in circulation perfectly counterfeit enemy money. It is also historically established that some central banks, like the Bank of Italy 65 years ago, issued the same securities twice (identical registered number and code). This way they could print more money with legal tender than they officially declared. The main difference though is that 65 years ago the world was involved in a bloody war, which is not the case today.


johnpaulca
10,094 posts
msg #75607
Ignore johnpaulca
6/18/2009 3:32:04 PM



Japanese Hotel service





A Canadian salesman checked into a futuristic hotel in Tokyo Japan ..




Realizing he needed a haircut before the next day's meeting, he called down to the desk clerk to ask if there was a barber on the premises.




'I'm afraid not, sir,' the clerk told him apologetically, 'but down the hall from your room is a vending machine that should serve your purposes.'




Skeptical but intrigued, the salesman located the machine, inserted $15.00, and stuck his head into the opening, at which time the machine started to buzz and whirl. Fifteen seconds later the salesman pulled out his head and surveyed his reflection, which reflected the best haircut of his life.




Two feet away was another machine with a sign that read,
'Manicures, $20.00'.
'Why not?' thought the salesman. He paid the money, inserted his hands into the slot, and the machine started to buzz and whirl. Fifteen seconds later he pulled out his hands and they were perfectly manicured.




The next machine had a sign that read, 'This Machine Provides a Service Men Need When Away from Their Wives, 50 Cents.'




The salesman looked both ways, put fifty cents in the machine, unzipped his fly, and with some anticipation, stuck his manhood into the opening. When the machine started buzzing, the guy let
out a shriek of agony and almost passed out. Fifteen seconds later it shut off.




With trembling hands, the salesman was able to withdraw his tender unit........ which now had a button sewn neatly on the end..




johnpaulca
10,094 posts
msg #75666
Ignore johnpaulca
6/19/2009 9:05:23 PM

IF you yelled for 8 years, 7 months and 6 days you would have produced enough sound energy to heat one cup of coffee.
(Hardly seems worth it.)

If you farted consistently for 6 years and 9 months, enough gas is produced to create the energy of an atomic bomb.
(Now that's more like it !)

The human heart creates enough pressure when it pumps out to the body to squirt blood 30 feet.
(O.M.G.!)

A pig's orgasm lasts 30 minutes.
(In my next life, I want to be a pig.)

A cockroach will live nine days without its head before it starves to death. (Creepy.)
(I'm still not over the pig.)

Banging your head against a wall uses 150 calories an hour
(Don't try this at home, maybe at work)

The male praying mantis cannot copulate while its head is attached to its body.
The female initiates sex by ripping the male's head off.
(Honey, I'm home. What the....?!)

The flea can jump 350 times its body length. It's like a human jumping the length of a football field.
(30 minutes.. Lucky pig! Can you imagine?)

The catfish has over 27,000 taste buds.
(What could be so tasty on the bottom of a pond?)

Some lions mate over 50 times a day.
(I still want to be a pig in my next life...quality over quantity)

Butterflies taste with their feet.
(Something I always wanted to know.)

The strongest muscle in the body is the tongue.
(Hmmmmmm......)

Right-handed people live, on average, nine years longer than left-handed people.
(If you're ambidextrous, do you split the difference?)

Elephants are the only animals that cannot jump.
(Okay, so that would be a good thing)

A cat's urine glows under a black light.
(I wonder who was paid to figure that out?)

An ostrich's eye is bigger than its brain.
( I know some people like that.)

Starfish have no brains
(I know some people like that too.)

Polar bears are left-handed.
(If they switch, they'll live a lot longer)

Humans and dolphins are the only species that have sex for pleasure.
(What about that pig??)


johnpaulca
10,094 posts
msg #75842
Ignore johnpaulca
6/27/2009 12:28:16 PM

I took my dad to the mall the other day to buy some new shoes (he is 92).
We decided to grab a bite at the food court. I noticed he was watching a
teenager sitting next to him.


The teenager had spiked hair in all different colors: green, red, orange,
and midnight blue. My dad kept staring at him. The teenager would look and
find my dad staring at him every time. When the teenager had had enough, he sarcastically asked, 'What's the matter, old man, never done anything wild
in your life?'

Knowing my Dad, I quickly swallowed my food that I would not choke on his
response, knowing he would have a good one, and in classic style, he did not
bat an eye in his response.


'Got drunk once, and had sex with a peacock. I was just wondering if you
were my son.'


johnpaulca
10,094 posts
msg #75960
Ignore johnpaulca
7/2/2009 10:58:56 AM

You have to be old enough to remember Abbott and Costello, and too old to REALLY understand computers, to fully appreciate this. For those of us who sometimes get flustered by our computers,

please read on...

If Bud Abbott and Lou Costello were alive today, their infamous sketch,

"Who's on First?"

might have turned out something like this:



COSTELLO CALLS TO BUY A COMPUTER FROM ABBOTT

ABBOTT: Super Duper computer store. Can I help you?

COSTELLO: Thanks. I'm setting up an office in my den and I'm thinking about buying a computer.

ABBOTT: Mac?

COSTELLO: No, the name's Lou.

ABBOTT: Your computer?

COSTELLO: I don't own a computer. I want to buy one.

ABBOTT: Mac?

COSTELLO: I told you, my name's Lou.

ABBOTT: What about Windows?

COSTELLO: Why? Will it get stuffy in here?

ABBOTT: Do you want a computer with Windows?

COSTELLO: I don't know. What will I see when I look at the windows?

ABBOTT: Wallpaper.

COSTELLO: Never mind the windows. I need a computer and software...

ABBOTT: Software for Windows?

COSTELLO: No. On the computer! I need something I can use to write proposals, track expenses and run my business. What do you have?

ABBOTT: Office.

COSTELLO: Yeah, for my office. Can you recommend anything?

ABBOTT: I just did.

COSTELLO: You just did what?

ABBOTT: Recommend something.

COSTELLO: You recommended something?

ABBOTT: Yes.

COSTELLO: For my office?

ABBOTT: Yes.

COSTELLO: OK, what did you recommend for my office?

ABBOTT: Office.

COSTELLO: Yes, for my office!

ABBOTT: I recommend Office with Windows.

COSTELLO: I already have an office with windows! OK, let's just say I'm sitting at my computer and I want to type a proposal. What do I need?

ABBOTT: Word.

COSTELLO: What word?

ABBOTT: Word in Office.

COSTELLO: The only word in office is office.

ABBOTT: The Word in Office for Windows.

COSTELLO: Which word in office for windows?

ABBOTT: The Word you get when you click the blue "W".

COSTELLO: I'm going to click your blue "W" if you don't start with some straight answers.. What about financial bookkeeping? You have anything I can track my money with?

ABBOTT: Money.

COSTELLO: That's right. What do you have?

ABBOTT: Money.

COSTELLO: I need money to track my money?

ABBOTT: It comes bundled with your computer.

COSTELLO: What's bundled with my computer?

ABBOTT: Money.

COSTELLO: Money comes with my computer?

ABBOTT: Yes. No extra charge.

COSTELLO: I get a bundle of money with my computer? How much?

ABBOTT: One copy.

COSTELLO: Isn't it illegal to copy money?

ABBOTT: Microsoft gave us a license to copy Money.

COSTELLO: They can give you a license to copy money?

ABBOTT: Why not? THEY OWN IT!

(A few days later)

ABBOTT: Super Duper computer store. Can I help you?

COSTELLO How do I turn my computer off?

ABBOTT: Click on "START".............

ham1198
169 posts
msg #75972
Ignore ham1198
7/2/2009 5:17:00 PM

Understandable Explanation of Derivative Markets


Heidi is the proprietor of a bar in Detroit. She realizes that virtually all of her customers are unemployed alcoholics and, as such, can no longer afford to patronize her bar. To solve this problem, she comes up with a new marketing plan that allows her customers to drink now, but pay later.

She keeps track of the drinks consumed on a ledger (thereby granting the customers loans).

Word gets around about Heidi's "drink now, pay later" marketing strategy and as a result, increasing numbers of customers flood into Heidi's bar. Soon she has the largest sales volume for any bar in Detroit .

By providing her customers' freedom from immediate payment demands, Heidi gets no resistance when, at regular intervals, she substantially increases her prices for wine and beer, the most consumed beverages. Consequently, Heidi's gross sales volume increases massively.

A young and dynamic vice-president at the local bank recognizes that these customer debts constitute valuable future assets and increases Heidi's borrowing limit. He sees no reason for any undue concern, since he has the debts of the unemployed alcoholics as collateral.

At the bank's corporate headquarters, expert traders transform these customer loans into DRINKBONDS, ALKIBONDS and PUKEBONDS. These securities are then bundled and traded on international securities markets. Naive investors don't really understand that the securities being sold to them as AAA secured bonds are really the debts of unemployed alcoholics.

Nevertheless, the bond prices continuously climb, and the securities soon become the hottest-selling items for some of the nation's leading brokerage houses.

One day, even though the bond prices are still climbing, a risk manager at the original local bank decides that the time has come to demand payment on the debts incurred by the drinkers at Heidi's bar. He so informs Heidi.

Heidi then demands payment from her alcoholic patrons, but being unemployed alcoholics they cannot pay back their drinking debts. Since Heidi cannot fulfill her loan obligations, she is forced into
bankruptcy. The bar closes and the eleven employees lose their jobs.

Overnight, DRINKBONDS, ALKIBONDS and PUKEBONDS drop in price by 90%. The collapsed
bond asset value destroys the banks liquidity and prevents it from issuing new loans, thus freezing credit and economic activity in the community.

The suppliers of Heidi's bar had granted her generous payment extensions and had invested their firms' pension funds in the various BOND securities. They find they are now faced with having to write off her bad debt and with losing over 90% of the presumed value of the bonds. Her wine supplier also claims bankruptcy, closing the doors on a family business that had endured for three generations. Her beer supplier is taken over by a competitor who immediately closes the local plant and lays off 150 workers.

Fortunately though, the bank, the brokerage houses and their respective executives are saved and bailed out by a multi-billion dollar no-strings attached cash infusion from the Government. The funds required for this bailout are obtained by new taxes levied on employed, middle-class, non-drinkers.

Now, do you understand?



TheRumpledOne
6,358 posts
msg #75984
Ignore TheRumpledOne
7/3/2009 8:46:55 AM

Makes perfect sense to me...LOL!

Eman93
4,572 posts
msg #75995
Ignore Eman93
7/3/2009 4:46:33 PM

You forgot to mention that the drinkers bought insurance for their loans from AIG who had no way of ever covering if they defauted........ It was like a giant game of Old Maid......

karennma
6,386 posts
msg #76319
Ignore karennma
7/11/2009 11:31:38 AM

Bracelet at Tiffany's

A lady walks into Tiffany's. She looks around, spots a beautiful
diamond bracelet
and walks over to inspect it. As she bends over to look more closely,
she accidently farts.
Very embarrassed, she looks around nervously to see if anyone has
noticed her little accident and prays that a sales person
doesn't pop up right now.
As she turns around, her worst nightmare materializes in the form of a
salesman standing right behind her.
Cool as a cucumber, he displays all of the qualities one would expect
of a professional salesman in a store like Tiffany's, and greets the
lady with, 'Good day, Madam. How may we help you today?'
Feeling uncomfortable, but still hoping that the salesman may not have
been there at the time of her little 'accident', she
asks, 'Sir, what is the price of this lovely bracelet?'
He answers, 'Madam, if you farted just looking at it, you're going to
sh*t when I tell you the price!'


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