Former U.S. Vice President Al Gore wants to end the default practice of quarterly earnings guidance and explore issuing loyalty-driven securities...This seems like he is advocating for continued required quarterly regulatory reporting, but he would end the practice of the so-called "guidance". I would have to think that this would increase overall share price volatility and probably benefit the options/derivatives industry. Gore is with a former division CEO of Goldman-Sachs in this advocacy effort.
Friday, February 17, 2012
Al Gore: Time for a Sustainable Capitalism
Former US Vice President Al Gore has been out lately promoting some new ideas about a "Sustainable Capitalism" , story at Reuters here. Excerpt:
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Tell Al he can get $6 Trillion for a really good deal.
Italy Police Say They Seized $6 Trillion of Fake U.S. Bonds in Switzerland – Bloomberg
February 17th, 2012
http://investmentwatchblog.com/italy-police-say-they-seized-6-trillion-of-fake-u-s-bonds-in-switzerland-bloomberg/
The loyalty-drive shares proposal sounds interesting. The rest seems marginal.
He's a thief and a Robber Baron. Just look at what he does on his own land in TN. Another blow-hard pol telling us to eat cake while creating more pollution in a year than most will create in a lifetime. He's all for creating a carbon market to screw the little man just like all the other BSers.
Now ZH has picked the story up:
$6 Trillion In US Bonds Seized In Zurich, Said To Pose “Severe Threats To International Financial Stability”
http://www.zerohedge.com/news/6-trillion-us-bonds-seized-zurich
Anon,
There have been some articles out about these "fake" USTs.... this happened also not so long ago where some japanese nationals were caught with some of these in Switzerland.
I believe I read an article that showed how this goes back to organized crime activites/frauds..
Resp,
Matt, that happened in 2009 if memory serves me right, and the amount was in the tens to hundreds of Billions. Here's the next installment to the story:
Why Were The Trillions In Fake Bonds Held In Chicago Fed Crates?
http://www.zerohedge.com/news/why-were-trillions-fake-bonds-held-chicago-fed-crates
Also, Drudge is reporting what I stated weeks ago. The $1.2 Trillion has a snowball's chance in Hell of lasting to the election. I love the universal language of math. Back to the public pensions for stop gap money while the ceiling is raised once again.
Matt, talking about organized crime makes me think of Poppy-stan where 90% of the world's opium is produced. The year 2000 saw no production in that country, but as soon as we took things over it was ramped. Where do you think that illicit money goes? The banks launder it, and skim the profits to lever up Ponzi Finance.
The banks have been caught numerous times laundering money, and they get a slap on the wrist to make it go away so that they can do the very same thing again and again.
Anon,
The "Chicago Fed Crates" are part of the fraud... they try to make it look good... ??????!!!!!
This is a more sophisticated version of the "Nigerian Inheritance Fraud" they try to sell the bonds to the mark at a discount...
Non-fraudulent Treasury's are held in an entities securities account at the Fed, they never have to leave there.... much less end up literally in a suitcase...
This pains me to watch fellow US citizens get taken in by all of this sensationalism at ZeroHedge and Drudge...
Resp,
No pain involved when they are right. Not always right, but as much as any other sites I frequent. Are you still saying we are good through the election, as I have seen several articles from various sources saying that we run out well before the election? If you aren't questioning their actual reporting of this story, then by default they are right, and you would be wrong in your prior assumption.
ZH has a picture up of the case in question. Interesting.
Anon,
about the ceiling, too soon to tell.
prior to all the "debt ceiling" hysterics, NFA flows looked like 100-110B/mo. So if that is where it returns to, looks like we can make it.. if not, ie the non-govt sector demands a "catch-up" then we may not make it... we have to look at the data on the Treasury's DTS to see how this is going to run, then project the trend based on real data....
Resp,
compassionate conservation ?
has anyone finally told gore that the earth cools everytime a volcano goes off ?
it's an inconvenient fact.
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