| From: Can Do Stocks 2 | 9/19/2011 11:30:30 AM | | | | | | Side note, I have the feeling from all I read and hear from friends in the middle east
that it's setting up a perfect storm. (Disclaimer I am not bashing Israel) .
By this it seams that the news does not report of the true growing resentment of
Israel by 85+% of the population of the middle east. All the rulers that are getting kicked out
of office have been semi-tame toward Israel. the new leaders are wildcards and Egypt and Turkey
are leaning hard at an aggressive military stance against Israel.
If you really want to get a better idea of the "perfect storm" it will take you about 30 to 45 min
of work.
Do the en.wikipedia.org
1. open a map of the middle east.
2. read what the dominate religion is of all the countries that are surrounding Israel
( not just Muslim and being Islamic but the sub sector of those religions )
3. Look at the ruling class from all the surrounding countries before current changes.
4. Look and see whats going in their places. The New ruling powers are from
the majority religious sub-sectors. This was not the case before, and it will have a
major effect on how they interact with Israel.
5.. If Syria has a regime change it's gonna hit the fan for real.
So how do we prepare for this possible scenario, How do we profit from it ?
US and Canada oil and gas plays should do well, unless the President does a temporary nationalization
when the oil stops flowing from the middle east, Gold, My guess is a sell off from the Arab states keeps
it from going to 2200+ unless the storm starts to be more transparent then it will run to 3000 (fast)
Any thoughts on my perspective are welcome.
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| From: jmhollen | 9/20/2011 6:18:28 PM | | | | | | Feds accuse Full Tilt Poker of being Ponzi scheme
By Michael Winter, USA TODAY - Updated 34m ago
Poker player Chris Ferguson during a poker tournament in Las Vegas. Tuesday, the U.S. Justice Department accused Full Tilt Poker and its co-owners, Ferguson and Howard Lederer, of running global Ponzi scheme.
CAPTION - By WSOP/Image Masters
The Justice Department is accusing Full Tilt Poker of being a Ponzi scheme that has defrauded players out of more than $300 million. The civil lawsuit names celebrity players and co-owners Christopher Ferguson and Howard Lederer and other executives of the online site.The Wall Street Journal writes that the government's amended complaint alleges Full Tilt "misrepresented to the website's players that the money the company was supposed to be holding in player accounts was safely held when it was actually being used for other purposes, including payments to owners."
"Full Tilt was not a legitimate poker company, but a global Ponzi scheme," U.S. Attorney Preet Bharara said in a statement. He alleged that Full Tilt "cheated and abused its own players to the tune of hundreds of millions of dollars" and that "insiders lined their own pockets with funds picked from the pockets of their most loyal customers while blithely lying to both players and the public alike about the safety and security of the money deposited with the company."
The complaint states:
According to a balance sheet prepared by Full Tilt Poker, as of March 31, 2011, Full Tilt Poker owed players from around the world over approximately $390,695,788 but had only approximately $59,579,413 in its bank accounts. Full Tilt Poker relied on new deposits from players to ensure its ability to fund withdrawals to players' accounts.
Rather than protect player funds as promised, Full Tilt Poker distributed hundreds of millions of dollars to its owners…
Defendant Lederer personally received at least approximately $42 million, including approximately $37,856,010.92 in ownership distributions and at least $4 million in "profit sharing" payments…
Defendant Ferguson was allocated approximately $85,161,305.88 in distributions. Tiltware records reflect that approximately $25 million of this sum was actually transferred to Ferguson's personal accounts, with the remaining balance characterized as "owed" to Ferguson.
No comment so far from Full Tilt, Ferguson or Lederer.
Back in May, Reuters' financial blogger Felix Salmon wrote about " Why the online-poker crackdown makes sense."
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| From: jmhollen | 10/23/2011 1:38:12 AM | | | | | | Quacky Quadaffy finally joins the wacko raghead crab food club.........................
Libyan forces guarding Muammar Gaddafi's body in a cold storage room let in members of the public to view the deposed leader for a second day on Saturday, but the wounds that may hold the clue to how he died were covered up.
reuters.com
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