Agoracom OnLine Conference Keynote Speech
I did the Keynote speech for Agoracom before I left. Here is the speech:
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click for audio:
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Source:
How Bailout Nation Took Us Down … And Where It Is Taking Us Next
George Tsiolis
Agoracom, December 4, 2009
Barry Ritholtz – Keynote Presentation
http://bit.ly/4xKwtY



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December 6th, 2009 at 4:24 pm
Speaking of Gold, could the CME be so stupid???
http://archives.chicagotribune.com/2009/oct/19/business/chi-biz-gold-cme-group-oct19
Apparently so. Allowing Gold to be used as margin??? This could be a disaster if gold falls hard.
December 6th, 2009 at 8:19 pm
Excellent recap Barry. The worrying thing is that we keep getting back to the point that both the problems AND the solutions are so blindingly obvious that one has to question wtf is really going on. The folks in decision making positions are not stupid so what are the real motives? I can’t understand why “We the people” aren’t collectively “Mad as he*l and ain’t gonna take it no more” (To misquote Sarah Palin). The latest theft will be the 2009 bonuses which will be based entirely on the Fed largesse of a steep yield curve, with whcich it doesn’t take a genius to make money. Why should the banksters get a share of this pie for doing nothing. IMHO the proceeds thereof should accrue to taxpayers and shareholders as a small contribution towards losses incurred. In most industries, folks work for a salary to make money for the owners, the shareholders. Why is it that the banksters expect, no demand, a share of the profits? Let them leave if they want to be petulant. If, correctly, all these institutions had failed, there would still be thousand of banksters on the street looking for work. Not a strong bargaining position. It’s time to call their bluff. But it won’t happen and the theft will continue.
Sigh…………………………………………….
December 6th, 2009 at 8:24 pm
In an otherwise complicated world, one has to love the “one bullet point = one expletive” efficiency…
December 6th, 2009 at 8:46 pm
Yes, the bullet point was a little over-simplified. Allow me to offer a correction:
“why we should have said f**k you to the insolvent banks…………………………………..and then re-introduced sensible regulatory policies wrt derivatives, leverage and ratings which serve the people not the banksters”?
December 6th, 2009 at 9:27 pm
Barry, just curious, but is Agoracom similar or affiliated with Agora that is run by Bill Bonner/Addison Wiggin crew?
December 6th, 2009 at 10:28 pm
yon’ investorinpa,
“AGORA – translatable as marketplace, was an essential part of Athens in ancient Greece and acted as a marketplace and a forum to its’ citizens.
AGORACOM is the Web 2.0 online marketplace and forum for citizens of the small-cap investment community. Public companies, shareholders and prospective shareholders amalgamate for the purposes of communicating in a monitored and secure environment free of bashing, hyping, spam and profanity that have plagued other small-cap communities for far too long…”
http://agoracom.com/about-and-contact
http://clusty.com/search?input-form=clusty-simple&v%3Asources=webplus&query=Agoracom
December 6th, 2009 at 10:41 pm
Thanks Mark…and here I was thinking how oddly coincidental that 2 financial companies in SOMEWHAT similar areas (metals/mining/foreign stuff) with the same name…
December 7th, 2009 at 12:03 am
@investorinpa – valid point. Way back in the day (1995) when I started posting to stock message boards, I went under the handle “agora”. My reputation built so quickly that I grabbed the domain agoracom.com (agora.com) was already taken and the rest was history.
We didn’t have much crossover with Agora publishing for the longest time because members and paying clients of our community determined the topics of most interest. For example, dot coms were the overwhelming focus from 1997 – 2002. As investors shifted more and more of their focus to junior resources and those same companies were filling up their coffers with cash, so went the focus of the community – and here we are.
@Mark – thanks for beating me to the punch and posting the info from our site. Much appreciated. My 2-minute video on this page http://agoracom.com/hub_requests/new should also help in really understanding our community strengths.
Thanks again to Barry for a great presentation. Though we all prefer to get our info in concise sound bites, it’s always great to let the likes of Barry and Kedrosky stretch their legs and really flesh out their ideas for the benefit of the rest of us.
Regards,
George
December 7th, 2009 at 1:12 am
Thanks for all the clarification, George. Your website looks dazzling and I look forward to spending time perusing it.
And as a side note to Barry, good presentation. I liked the line of questions and answers. I think with all your appearances, sometimes when you blog its like I can hear your NY accent coming thru the words.