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blueice

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thanks for the editorialising,

 

always good to shoot the messenger, go off on a tangent, focus on the irrelevant. Could have put a source from 9/SMH if you wanted, or Fin Review, or the Government

Communications Minister urges ABC to drop Invasion Day references.

message still the same.

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OK to get some balance -

ABC talking approving Invasion Day as a reference to Australia Day - just a load of crap - where did they get that garbage from? Whoever thought that was appropriate?

 

But then Pendragon advises - Biden is going to be much worse and much more dangerous. (than Trump). Hmm I think that might need expanding. At least gives us something to work on.

 

Hopefully guided by logic pragmatism and fact and eschewing ideology here. But I suppose that's what we all think we do. Except the Murdoch press of course which definitely have an agenda. :devilsmiley:

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All mainstream media have an agenda.

The ABC, Murdoch Press, Ninemsn, The Guardian, SBS, CNN, FOX news, The Age, etc etc.

The press has long since stopped being impartial and reporting on the news to inserting themselves into the news.

The ABC is every bit as guilty as the Murdoch Press, but does not have the self awareness to see it thus.

At least the Australian has a wide range of people who contribute their opinion to the paper, something that is sadly lacking at the ABC.

And by the way draughtsperson, trump WAS elected president of the USA.

You may not like it or think he should have been elected to the role, but he was, by a hell of a lot of disgruntled US citizens.

They are still disgruntled, and in some ways rightly so.

The US is a divided nation, and nether Joe Biden nor anyone else who thinks its ok to cancel those with whom you disagree, will be able to bring any sort of unity back to the nation.

Mick

 

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Not sure if the following is true or not, but its a great story.

 

Marcel Sternberger was a methodical man of nearly 50, with bushy white hair, guileless brown eyes, and the bouncing enthusiasm of a czardas dancer of his native Hungary. He always took the 9:09 Long Island Railroad train from his suburban home to Woodside, N.Y.., where he caught a subway into the city.

On the morning of January 10, 1948, Sternberger boarded the 9:09 as usual. En route, he suddenly decided to visit Laszlo Victor, a Hungarian friend who lived in Brooklyn and was ill.

Accordingly, at Ozone Park, Sternberger changed to the subway for Brooklyn, went to his friend’s house, and stayed until midafternoon. He then boarded a Manhattan-bound subway for his Fifth Avenue office. Here is Marcel’s incredible story:

The car was crowded, and there seemed to be no chance of a seat. But just as I entered, a man sitting by the door suddenly jumped up to leave, and I slipped into the empty place. I’ve been living in New York long enough not to start conversations with strangers. But being a photographer, I have the peculiar habit of analyzing people’s faces, and I was struck by the features of the passenger on my left. He was probably in his late 30s, and when he glanced up, his eyes seemed to have a hurt expression in them. He was reading a Hungarian-language newspaper, and something prompted me to say in Hungarian, “I hope you don’t mind if I glance at your paper.â€

The man seemed surprised to be addressed in his native language. But he answered politely, “You may read it now. I’ll have time later on.â€

During the half-hour ride to town, we had quite a conversation. He said his name was Bela Paskin. A law student when World War II started, he had been put into a German labor battalion and sent to the Ukraine. Later he was captured by the Russians and put to work burying the German dead. After the war, he covered hundreds of miles on foot until he reached his home in Debrecen, a large city in eastern Hungary.

I myself knew Debrecen quite well, and we talked about it for a while. Then he told me the rest of his story. When he went to the apartment once occupied by his father, mother, brothers and sisters, he found strangers living there. Then he went upstairs to the apartment that he and his wife once had. It also was occupied by strangers. None of them had ever heard of his family.

As he was leaving, full of sadness, a boy ran after him, calling “Paskin bacsi! Paskin bacsi!†That means “Uncle Paskin.†The child was the son of some old neighbors of his. He went to the boy’s home and talked to his parents. “Your whole family is dead,†they told him. “The Nazis took them and your wife to Auschwitz.â€

Auschwitz was one of the worst Nazi concentration camps. Paskin gave up all hope. A few days later, too heartsick to remain any longer in Hungary, he set out again on foot, stealing across border after border until he reached Paris. He managed to immigrate to the United States in October 1947, just three months before I met him.

All the time he had been talking, I kept thinking that somehow his story seemed familiar. A young woman whom I had met recently at the home of friends had also been from Debrecen; she had been sent to Auschwitz; from there she had been transferred to work in a German munitions factory. Her relatives had been killed in the gas chambers. Later she was liberated by the Americans and was brought here in the first boatload of displaced persons in 1946.

Her story had moved me so much that I had written down her address and phone number, intending to invite her to meet my family and thus help relieve the terrible emptiness in her life.

It seemed impossible that there could be any connection between these two people, but as I neared my station, I fumbled anxiously in my address book. I asked in what I hoped was a casual voice, “Was your wife’s name Marya?â€

He turned pale. “Yes!†he answered. “How did you know?â€

He looked as if he were about to faint.

I said, “Let’s get off the train.†I took him by the arm at the next station and led him to a phone booth. He stood there like a man in a trance while I dialed her phone number.

It seemed hours before Marya Paskin answered. (Later I learned her room was alongside the telephone, but she was in the habit of never answering it because she had so few friends and the calls were always for someone else. This time, however, there was no one else at home and, after letting it ring for a while, she responded.)

When I heard her voice at last, I told her who I was and asked her to describe her husband. She seemed surprised at the question, but gave me a description. Then I asked her where she had lived in Debrecen, and she told me the address.

Asking her to hold the line, I turned to Paskin and said, “Did you and your wife live on such-and-such a street?â€

“Yes!†Bela exclaimed. He was white as a sheet and trembling.

“Try to be calm,†I urged him. “Something miraculous is about to happen to you. Here, take this telephone and talk to your wife!â€

He nodded his head in mute bewilderment, his eyes bright with tears. He took the receiver, listened a moment to his wife’s voice, then suddenly cried, “This is Bela! This is Bela!†and he began to mumble hysterically. Seeing that the poor fellow was so excited he couldn’t talk coherently, I took the receiver from his shaking hands.

“Stay where you are,†I told Marya, who also sounded hysterical. “I am sending your husband to you. We will be there in a few minutes.â€

Bela was crying like a baby and saying over and over again. “It is my wife. I go to my wife!â€

At first I thought I had better accompany Paskin, lest the man should faint from excitement, but I decided that this was a moment in which no strangers should intrude. Putting Paskin into a taxicab, I directed the driver to take him to Marya’s address, paid the fare, and said goodbye.

Bela Paskin’s reunion with his wife was a moment so poignant, so electric with suddenly released emotion, that afterward neither he nor Marya could recall much about it.

“I remember only that when I left the phone, I walked to the mirror like in a dream to see if maybe my hair had turned gray,†she said later. “The next thing I know, a taxi stops in front of the house, and it is my husband who comes toward me. Details I cannot remember; only this I know—that I was happy for the first time in many years.....

“Even now it is difficult to believe that it happened. We have both suffered so much; I have almost lost the capability to not be afraid. Each time my husband goes from the house, I say to myself, “Will anything happen to take him from me again?â€

Her husband is confident that no horrible misfortune will ever again befall the. “Providence has brought us together,†he says simply. “It was meant to be.â€

Skeptical persons will no doubt attribute the events of that memorable afternoon to mere chance. But was it chance that made Marcel Sternberger suddenly decide to visit his sick friend and hence take a subway line that he had never ridden before? Was it chance that caused the man sitting by the door of the car to rush out just as Sternberger came in? Was it chance that caused Bela Paskin to be sitting beside Sternberger, reading a Hungarian newspaper'

Paul Deutschman, Great Stories Remembered, edited and compiled by Joe L. Wheeler

Mick

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today traders are said to be targeting SLV, which is the ETF for XAG/USD. Can traders drive the price of Silver higher in order to squeeze out short positions?

 

As silver is a precious metal, a targeted short squeeze would affect the value of the US Dollar. However, if that is the case, don’t expect central banks to sit on their hands. Although the US Dollar may move lower for other reasons (ex: stock market indices up nearly 2%), “games†with precious metals are not one of them.

 

================

 

i saw news that Elizabeth Warren praise new traders to hit hedge fund with "short squeeze " :lol: man!!! this world is crazy. even polies come out wood work for trading market!!!

 

 

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it is weirder than that, eb . Senator Alexandria Ocasio-Cortez tweeted the need to know more about the decision to block retail investors from trading (on Robinhood) while hedge funds were free to trade as they like. Senator Ted Cruz, about as polar opposite to her as you would get politically, responded to her with a Fully Agree. Mz O-C pointed out he almost had her murdered three weeks ago, urging the mob on.
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DRIVING THE DAY.

"Gold prices were instead focused on the curious state of current market psychology; much attention has been paid to the army of retail traders who have been attempting to bid up hedge-fund shorted stock prices in order to essentially enrich themselves by forcing a short-squeeze. With retail brokerages struggling to manage the volatility and placing restrictions on retail traders ability to trade their favourite stocks (the more cynical amongst us suspect this may have been coordinated with the hedge funds), attention began to turn to other assets that the retail traders could pump. A post on the popular with retail trader subreddit WallStreetBets that went viral urged retail investors to force a short-squeeze in silver and, shortly before the US cash open, silver prices rocketed (and, indeed, as still substantially higher on the day). Gold saw upside in tandem. Perhaps traders realised that, if the power that be won't allow a short-squeeze to occur in small cal stocks, the most certainly won't allow it in precious metals, and this may have contributed to the profit-taking that saw gold slip back the where it started the day."

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Always go the very top of the chain to find the real crims.

From Wall street on Parade

Dark Pools owned by the biggest names on Wall Street – such as Goldman Sachs’ Sigma X2, JPMorgan Chase’s JPM-X, UBS’ UBSA, Morgan Stanley’s MSPL, and Credit Suisse’s Crossfinder — have been making tens of thousands of trades in the shares of GameStop on an ongoing weekly basis. FINRA, Wall Street’s highly compromised self-regulator, reports the Dark Pool data on a stale basis, two to three weeks after the trading has occurred. It is then lumped together for the whole week, rendering it useless in terms of monitoring price manipulation. The chart above is taken from the latest available information from FINRA. (See our previous reporting on Dark Pools in Related Articles below.)

 

It’s a fair guess that you haven’t heard a peep about Dark Pools on the evening news. The fact that you haven’t is a perfect commentary on why mainstream media is failing the American people when it comes to exposing Wall Street’s serial looting of the little guy.

 

But when a bunch of quixotic posters on a Reddit message board can be parlayed into the exciting narrative of a Robinhood band taking on the evil hedge funds, it goes viral on the evening news – sucking in hundreds of thousands more unsophisticated retail investors.

 

It’s important to remember who has been pumping the GameStop/Reddit story on CNBC. That would be none other than Andrew Ross Sorkin, who created a completely false narrative about who and what caused the crash of 2008 – appearing to be intentionally protecting the reputations of the mega banks on Wall Street. Sorkin’s reporting on the 2008 crash looked even more suspect when we repeatedly asked the New York Times to correct his outrageously incorrect reporting and they failed to change one word.

 

What’s being ignored in all the current hoopla is that the largest federally-insured banks in this country, that now double as trading casinos and Dark Pools thanks to the repeal of the Glass-Steagall Act, have every incentive to suck in the small investor at the top of a market bubble in order to create an escape route for themselves. It’s called “distribution†and it occurs, by hook or crook, at the top of every market bubble.

 

Wall Street On Parade previously described how the retail investor was sucked into the dot.com bubble as follows:

 

“First, Wall Street brokerage firms issued knowingly false research reports to the public to trumpet the growth prospects for a specific company; second, the firms lined up big institutional clients who were instructed how and when to buy at escalating prices to make the stock price skyrocket. This had an official name inside the walls of the manipulators: ‘laddering.’ Next, managers of the fleets of stockbrokers at the various brokerage firms instructed their flock to stand pat as the stock prices soared. If the stockbroker tried to get his small client out with a profit, he was hit with a so-called ‘penalty bid,’ effectively taking away his commissions on the trade. This sent the clear warning to other stockbrokers to leave their clients in the dubious deals. Only the wealthy and elite were allowed to capture the bulk of profits on these deals.

 

“One other practice was called ‘spinning.’ This is how the SEC explained that technique in its charges against brokerage firm Salomon Smith Barney:

 

‘SSB, in a practice known as ‘spinning,’ provided preferential access to hot IPO shares to officers of existing or potential investment banking clients who were in a position to direct their companies’ investment banking business to SSB. The officers sold the shares provided to them for substantial profit. Subsequently, the companies for which the officers worked provided SSB with investment banking business. Executives of five telecom companies made approximately $40 million in profits from approximately 3.4 million IPO shares allocated from 1996-2001, and SSB earned over $404 million in investment banking fees from those companies during the same period.’

 

“Jack Grubman, a stock analyst at Salomon Smith Barney, was at the center of this era of collusion. He was charged by the SEC for ‘fraudulent research.’ He never went to trial or was criminally charged. He paid a $15 million fine, was barred from the industry, and walked away. His haul while at Salomon Smith Barney according to the SEC, ‘exceeded $67.5 million, including his multi-million dollar severance package.’ â€

 

It’s also important to remember who doesn’t like hedge funds that expose fraudulent stocks or over-valued stocks. That’s the same mega Wall Street banks that may have just issued buy ratings on these fraudulent or over-valued companies. (See WeWork’s Unraveling Is Another Indictment of Wall Street’s Universal Bank Model.)

 

Before you buy into the David versus Goliath saga of GameStop, it would be wise to step back and do some homework on what’s really going on.

as much as it grieves me to admit, the big boys are likely to win again.

The only hope is that although their investments maybe small, there seems to be hell of a lot of them.

If they kick up enough stink in large numbers, politicians will suddenly become fearful.

As much as I think AOC is a lunatic, (senator Ted Cruz was not urging the dorks in the Capitol on, it was Trump),

she is on the money here.

Mick

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