"A generous man will prosper; he who refreshes others will himself be refreshed"
by Entendance on Wed Mar 10, 2010 7:38 am
Ali Baba and the Forty Bankers? Worse than that.
In this new war, politics, as the organiser of the nation state, no longer exists. Now politics serves solely in order to manage the economy, and politicians are now merely company managers...
http://tinyurl.com/yccdmrc
You may add <active topics> to your favourite links search.php?search_id=active_topics
by Entendance on Thu Mar 11, 2010 5:15 am
...Most observers discuss Europe’s problems and the plight of the euro, pound, and the Danish and Swedish koronas. They believe these European currencies will plunge lower versus the dollar and that the dollar will maintain, even after a dollar rally from 74 to 81 on the USDX. As we have said before the euro was unnatural creation born of a desire to usher in a world currency. As we shall see in the future the euro will fail. In spite of that the dollar is certainly no bargain, because next year America will be totally bankrupt. As a result of the terrible conditions among currencies, gold makes great gains. Last year and so far this year gold is up 10% to 24% against many major currencies. This kind of action of course proves again that gold is the world’s strongest currency. We might add here that we believe that it is only a matter of time before the LBMA, or Comex, or the ETFs, GLDs and SLVs are enveloped in scandal. As so often has happened in history fiat currencies have collapsed. Thus, it will happen again. Those of you not in gold and silver related assets will lose most of what you have worked for your entire lives.
The collapse of currencies and nations won’t happen overnight, because their demise has been planned, and a subtle collapse is in process. Our guess is that next year is when the collapse will finally take place followed by one of the greatest deflationary depressions of all time. During the last 2-1/2 years all the toxic investments have been and will continue to be transferred from the Illuminist banks, brokerage houses, insurance companies and transnational conglomerates to the public. The Federal Reserve is the repository for this junk, which includes Treasuries and Agencies. That means the public foots the bill. Every government and bank in the world will be affected. This magical game of 3-card-Monte will never work and the Illuminists know it won’t work. That is why they have war on demand to distract the public and to escape punishment for the devastating thing they have brought upon mankind. What we are facing is as bad if not worse than the collapse of the Lombard system in Venice in 1348, the year of the plague and the collapse of the Hanseanic League in the 1600s, the creation of the Medici’s. For starters we already have 19 bankrupt or near bankrupt major countries and many others that will be pulled into the vortex of financial and economic calamity. In each country we see the Illuminists doing their evil work, legends in their own minds, in a system that they know cannot survive. They are waiting for orders to pull the plug in each and every country. These masters of the universe all know that prosperity cannot be created by printing money and issuing credit indefinitely. They know full well that such a system cannot survive...
"It does not make sense for China to build more empty buildings and add to capacities in industries where you already have overcapacity. I think the Chinese economy will decelerate very substantially in 2010 and could even crash."
One problem is that as the Coyote finds out when you get to a very high place there is only one way to go. Gravity is a force that cannot be resisted.
Markets also act like the mischievous Road Runner and lead investors up the mountain only to watch them drop off the edge of the cliff. The professionals collect their commissions as you buy into the market, and they collect commissions as you sell out.
It is such an old cycle you would have thought that investors would have learned by now. As children we all used to watch the Road Runner lure the dimwitted Coyote to the top of the mountain and shout out warnings at the television.
-Peter Cooper
You may add <active topics> to your favourite links search.php?search_id=active_topicsby sowhat on Fri Mar 12, 2010 9:54 am
the market is now trading both technically and on a fundamental basis, exactly as the Nasdaq was in 1999.
http://tinyurl.com/ydlq5d4
by defio70 on Wed Mar 17, 2010 12:36 pm
Employment would already be at a new high, not 8.4 million shy of the old peak.
The level of real GDP would already be at a new cycle high, not almost 2% below the old peak.
Consumer confidence would be closer to 100 than 50.
Bank credit would be expanding at a 14% annual rate, not contracting by that pace.
The Fed would certainly not have a $2.3 trillion balance sheet
And, the government deficit would not be running in excess of 10% of GDP or twice the ratio that FDR ever dared to run in the 1930s.
by sowhat on Wed Mar 17, 2010 11:12 pm
And surprise-surprise, it has nothing to do with the Euro - it is, once again, to bail out bad speculative bets made by banks
So once again we have banksters literally putting a gun to government heads and threatening them.When does this stop?
It's not like Deutsche Bank (and the rest) didn't know Greece was cooking their books and holding debt off balance sheet! They sold them the swaps to enable the deception!
These banksters knew damn well that the nation was in trouble long before there was any public notice of it.
So why were they buying Greece's debt? Why didn't they sell it? Why are they stuck with it?
Is it because their intention was to shove a gun up the nose of the governments in the Euro Zone - just as our banks did here - and threaten to shoot unless they get bailed out?
Let's cut the crap. These "institutions" are, in my opinion, a criminal enterprise.
http://tinyurl.com/y883rj9
by defio70 on Tue Mar 23, 2010 8:08 am
"Extend and Pretend" is not a sustainable - or indefinite - strategy. Did we learn nothing from the Lehman collapse when it comes to bogus accounting and false claims?
I guess we'll have to take a 2x6 to the head this time since the 2x4 of September 2008 didn't manage to get the handcuffs to come out.
http://tinyurl.com/ybk3j32
by GSIMMERLE on Mon Apr 19, 2010 12:39 pm
Break up the big banks before they do even more damage.
http://tinyurl.com/y7qm7r5
by dlry on Sat Apr 24, 2010 5:57 pm
* Bubbles are when you should cash in your "career risk units" and do something brave to protect the investors.
* There is nothing more dangerous and damaging to the economy than a great asset bubble that breaks, and this is something that the Fed never seems to get.
* The current UK and Australia housing bubbles are no exception to the trendline: if they don't explode it will be the "first time in history that a bubble has not broken."
* Other current bubbles: commodities and the emerging market equities.
* In every bubble there is an element of greater fool, but nothing will stop the enthusiasm of the EM bubble due to the slow growth of the rest of the world, they have become the "only game in town."
* "It is not usual that you will get three bubbles in a 10 or 12 year period. Normally one bubble will chew up 20 years because it leaves such a painful experience, people don't queue up to put their hands on the same stove and burn themselves again. "
* The US market is now thoroughly expensive again.
by defio70 on Wed Apr 28, 2010 8:42 am
by sowhat on Mon May 03, 2010 1:17 pm
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