Quatloos!

This wonderfull news was in my mailbox this a.m

While prowling the web tonight, I ran across the following. This was the second website with the same message-
I don't know the people who sent this out, but I do recognize the organization GATA -- A legitimate gold/Silver? organization and well known. Considering it was the second page that carried the same information, I thought it might be wise to alert a few of my friends. If the banks don't close, you can always put your money back in --Chris
FLASH - FED TO ORDER 1 WEEK UNIVERSAL BANK SHUT-DOWN?

Date: Wednesday, 1 October 2008, 5:22 p.m.

--
Looks like W, Paulson and Bernanke are going to close up shop for a few days to see how you like it. Then perhaps you'll stop pestering your representatives and messing up their plans to finish off looting the country.
This is in tonight's Le Metropole Cafe. Jim Willie is a very respected and well connected precious metals analyst and investor:
Jim Willie, who will be joining the GATA gang for dinner in Toronto on Friday Night, is reporting the following, which has been confirmed:
LAST MINUTE MESSAGE: Reliable word that Bank of America branch managers just received a letter or memo from the USFed instructing them to perhaps be ready for a one-week universal shut-down of the banking system, including access to checking accounts, savings accounts and credit cards.
Reliable word has it that BofA bank branches received a shipment of signs last week, reading
"We're sorry, but due to circumstances beyond our control, we cannot be open at this time."
(Bag here):I might suggest that all of you living in the states get at least a weeks worth of cash on hand NOW! Your checks and plastic will be worthless.
"It is the duty of the patriot to protect his country from its government." -- Thomas Paine.

http://www.jsmineset.com/

9th Commandment Unilaterally Cancelled.

Regulators have informed us this morning that Moses, having involved himself in politics (head of a nation), and markets (Golden Idol) misstated the tablets received from God.

There are no ten commandments. There are only nine. We should have always guessed that the 9th commandment was a fib and this AM it was unilaterally notated by US regulators.

“Thou Shalt Not Lie” we are now told was always in fact itself a lie.

Financial entities no longer have to mark OTC derivatives to some reasonable nothingness, but rather market to hold to maturity value.

What makes you think that at maturity (of what) there will be satisfactory value of any kind? These are not mortgages. These are geek creation OTC derivatives on mortgages living way down at the bottom of a 20 foot equation. On top of all that if one side of the special performance contract (OTC derivatives) goes broke, like Lehman did, notional value becomes full value.





Jim Sinclair's Commentary

It is being reported today that many hedge funds that had been clients and used the facilities of Lehman are in trouble and may close down.

The translation of that is that when bankruptcy of one side of an OTC derivative fails then Notional Value becomes Total Value, a fact no one seems to have focused on when the Fed walked away from Lehman. Walking away from Lehman was in order to send a message. The message appears to have been "Holy S**t!"

GE is yet to own up to the fact that their problem is OTC derivatives. They were a major player

Wonder Dog

Yesterday I was at my local Wal-Mart buying a large bag of Purina dog
chow for my loyal pet, Sheriff, the Wonder Dog and was in the checkout
line when the woman behind me asked if I had a dog.

What did she think I had, an elephant? So since I'm retired and have
little to do, on impulse I told her that no, I didn't have a dog, I
was starting the Purina Diet again. I added that I probably shouldn't,
because I ended up in the hospital last time, but that I'd lost 50
pounds before I awakened in an intensive care ward with tubes coming
out of most of my orifices and IVs in both arms.

told her that it was essentially a perfect diet and that the way
that it works is to load your pants pockets with Purina nuggets and
simply eat one or two every time you feel hungry. The food is
nutritionally complete so it works well and I was going to try it
again. (I have to mention here that practically everyone in line was
now enthralled with my story.)

Horrified, she asked if I ended up in intensive care because the dog
food poisoned me. I told her no, I stepped off a curb to sniff an
Iish Setter's ass and a car hit us both.

I thought the guy behind her was going to have a heart attack he was
laughing so hard. Wal-Mart won't let me shop there anymore.