So you want to be a lawyer...

Top holder of US Debt is now the Fed

I am catching up on the news and as of 11/23/10, the federal reserve has overtaken china as the biggest holder of our debt.   http://www.zerohedge.com/print/253891

Hmmm, the next day Russia and China are using their own currencies for a bilateral trade.

11/24/10 http://business.asiaone.com/print/Business/News/Story/A1Story20101124-248833.html

My Interview at Airport: I Come in At 1:33

This is the most mild thing I said, but still I am glad it got on TV maybe 1 other person will change their thinking which is better than none.

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Max Keiser: Crash JP Morgan - Buy Silver!

If Americans were serious about killing the financial terrorists, this is how to do it. Anyone informed on the precious metals markets and exchanges knows this to be true. And unlike the balance sheets they can't just print digits here. They will be expected by counter parties to deliver a hard asset in the form of silver. It will force them to acknowledge the fraud they have been committing.

Finger Lickin' Chicken Cornish x Rocks - Day 11 (6-21-2010)

My little brother has been busy with school and work but promised to get on this soon so we can share this entire process with anyone interested and hopefully learn from any critique or suggestions.

Please come back to http://fingerlickingchicken.blogspot.com/ soon as I think this blog will become more active and eventually a great source of knowledge from first hand experience.

Unclaimed Tax Refunds

3,194 people in AZ have $4,722,912 in unclaimed tax refunds http://www.kpho.com/arizona/25830071/detail.html

In listening to this story on the news, it sounds like you should celebrate if you are one of the 3,194 people. Why is it good news when you get a tax refund? I am upset as it proves they f'ed up as they took too much out. It is a real kick in the face when prices of silver/gold increase during that tax year when measured in USD's as someone could have used the USD's and purchased silver/gold at a lower cost during the year.

Warren Buffet Writes Thank-you Letter to Uncle Same: Buffet is a Crook in My Opinion

DEAR Uncle Sam,

My mother told me to send thank-you notes promptly. I’ve been remiss.

Read the rest of this disgusting a$$ kissing here.

Silver Margin

The Chicago Mercantile Exchange increased the margin requirement to trade future contracts of silver twice in the past 2 weeks. As a small retail trader, this only matters if you hold overnight. Day trading is still 1k (8 times less) per contract. If you are trading overnight, you can still use the mini-silver contract as the margin is still $1,755. I wonder if NYSE (mini) will follow Comex's steps soon. A 1 point move in silver = 5k vs 1k for the mini. Plus, we all know that a 1% move in silver at $26 vs $17 a few months ago seems more drastic now, especially with futures as each tick remains the same.

Updated Special Drawing Right (SDR)

The IMF's 5 year "re-basketing" of fiat currencies shows a 2.1% drop in USD's.

http://www.imf.org/external/np/sec/pr/2010/pr10434.htm

U.S. dollar 41.9 percent (compared with 44 percent at the 2005 review)

Euro 37.4 percent (compared with 34 percent at the 2005 review)

Pound sterling 11.3 percent (compared with 11 percent at the 2005 review)

Japanese yen 9.4 percent (compared with 11 percent at the 2005 review)

$50 Bill / Silver

Silver broke $27 an oz today http://www.finviz.com/futures_charts.ashx?t=SI&p=d1

Silver has been around $17 an oz for pretty much all of 2010 before it broke out in late August. I was hammering my fist down and telling everyone to buy since it is cheap for under $20 an ounce.

A $50 bill in you left hand = 3 silver ounce coins in your right hand. Today, you can't even buy 2 coins for $50. By next spring, it will be even $50 for an ounce of silver.

This is a loss in purchasing power of the USD, yet the public would rather have the $50 bill as silver seems risky. Plus, since they still have that $50 bill, they do not perceive that they have lost purchasing power. Once the public wakes up, we will see shortages of physical bullion and parabolic prices in USD for silver and gold.

The fact is, when silver/gold goes up, it is really showing how much purchasing power the USD is losing.

Max Keiser Getting Pissed

He is right. Anyone who thinks the current financial/banking world is legitimate, even a little bit, either doesn't understand how it works (most common) or are simply lying to protect their own ego. There are also the scumbags who don't respect property rights of any other individual and are willing to steal and kill to get more wealth and power. The latter group tends to end up in government or connected to government in some capacity.